The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-09-15
TRUST IS DEMOLISHED
chicago Men Break the Buffalo
Elevator Pool.
u,s wITHSTOOD MANY ATTACKS.


.,..o,,,ion of the Pool Brought ABOUT by
comnetition, the Very Thing Ii was Dr.
.,,,zed to Prevent-The End OF the snip
ocean VIII Witness the End of the
,or Pool--wiu he u Great Boon to
ship Owners
So,oN Y, Sept. 15.-It Is an
,.ood that the Western Elevator as
-oo,otion. the big elevator pool when
80 withstood all attacks for many
NC and was known as one Of the most
'Noossful combinations in the country.
rould break up at the end OF the pres
at season. The dissolution or the pool
''.os brought about by competition, the
~ thing it was organized to guard
airst So many outside elevators
go started up in the city that the bus
,ness Of the pool was seriously inter-
H,red with. This led to hints of the
.,.i,hdraval of some Of the members and
:, was agreed that the wisest thlng
would be to discontinue the organiza-
ton.
May Break Up Sooner.
Secretary Cock Of the pool says the
wort is true, and that the end OF the
.oason would witness the end CT the
ooI He also added that there was
feasibility of the breaking up coming
before the close of navigation. Mem
bers cf the trade are divided over this
bowever. Some think it would be fool
;sh 70 break up the association now,
~ there is so much business for the
elevators. But all are agreed that the
srcroachment Of the Ryan, Raymond,
ord Export. especially the last, has been
serious. In addition the new Northern
elevator. larger than all the rest of the
cnnosition together, will be put in oper-
alton. and also the Electric. All these
bouses have refused to join the pool, and
the RYAN and Raymond are at work at
half rates. Almost any development Is
TO be expected this fall
End of Big Trust.
The end Of the Elevator association Il
the end Of one of the most successful and
AT the same time hardest fought trusts
in the country. 1t was formed to con-
troll all the elevating business in the
mort Of Buffalo, which handles nearly al
the grain carried on lake vessels. AL
houses big and little, excepting a few
canal and floating elevators. were taker
into the pool and those which 1t wa:
found Improbable TO operate were
closed. The charges for handling grain
which were borne by the vessels, were
fixed at a high figure, and there wal
no redress and no competition. Eleva
tors not in the combine were frozen on
Of the field The earnings Of the leva
tors in operation were so large that tn
little ones, which were kept closed, wer'
able TO pay more dividends on the in
vestment than they could be running.
Many Efforts to Break Trust.
MANY determined efforts were mad
TO break up the trust. The legislator
Of the state of New York had hand a
II. but was unsuccessful. Last sprin
the Lake Carriers association forced
slight reduction In charges, but
amounted to little. The worst blow de
livered the pool was the erection OF tn
Export elevator by Bartlett, Frazier
Co., Of Chicago, which is managed b
Armour & Co. BY shipping their ow
grain 10 their own elevator here, thes
firms were enabled to do a large amour
of the grain business, and thus devol
oped strong opposition to the pool froi
the start The new house made lare
earnings. and steadfastly refused to joi
the pool.
Another Strong Competitor.
The Northern steel elevator has bee
in process of construction all summer ar
will be ready soon for the fall trad
This will be another strong competitt
to the pool, and with so much bushes
taken away from 1t the large house
were unable to continue the arrangemel
with the smaller ones. The charges II
elevatng grain at Buffalo are borne
the vessels, and the dissolution OF Il
pool will be a great boon to the sh
owners. With open competition gre
reduction in rates will Ibe the natur
outcome, which will result in small
expenses fer the vessels.