The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-18
LEXOW'S INVESTIGATIONS.
Committee After the United State.
Rubber Company.
c. R. FLINT ON THE WITNESS STAND
Soda ~ Indicate. Tcstihcs Concerns
ins His Comppny's business.

| NOW oTk, feDruary lI.-CnarleS X.
Fints examination before the joint legis-
lative committee on trusts was continued
today. Mr.. Flint is the treasurer Of the
United States Rubber company. He ex-
| planned that the capitalization Of the cohf-
panies consolidated by the rubber trust
was as follows: Ell Candee Rubber COM
pany, New Haven. Conn, 100000; the
Goodyear Metallic Rubber Shoe company,
| 81 900, 900; Meyer Rubber company. New
brunswick. N. j., 5000 900; New Jersey
Rubbey company, organized 1870, $780,
| 600; New Brunswick Rubber COM
! pany, 100000; the American Rub
! Der company. Cambridge, Mass, ST.
| 900; Boston Rubber company of Boston
| and Chelsea. $500, O00 Lycoming Rubber
| company, 500, 900; rubber Manufacturing
| company. 100000.
Though repeatedly questioned Mr. Flint
| would not make an admission that he was
the head OF the rubber combination.
| Asked If he had brought the books of the
company and other data called for yester-
day, Mr.. Flint said no had telegraphed
the office of the company, but had not sue
ceeded in getting them. lie may, how
ever. produce the certificate of organiza-
tion which was handed to Senator Lexow.
do you mean to be understood" he was
asked, AS saying that as treasurer OF The
company you have never made any effort
to discover whether proper price had been
paid for the property and for which the
SIG 600 600 stock was issued =!
1.-The papers were net accessible to me.
The appraislng committee were men of the
highest standing and | had the utmost re-
lance on their report"
In reply TO another question, witness
said that the report referred to was stored
a in rpbtN nf ~ in
New Jersey. Senator LeXow accused the
witness of drawing fine hairs" and de-
manded yes or no to question, as to |
whether or not Fl. Il. Holins & Co., bankers
had distributed the stock through the reg |
ular channels.
Mr. Flint went into an elaborate eXpla- |
nation, but was brought to a halt by the |
chairman. who said. You are explaining |
too much, altogether too much. What COM |
II MES were you interested in directly?'
After more squabbing the witness ad- |
mitted that he had been interested in the
LS coming Rubber company. but could not |
recollect to what extent
Senator Lexow continued: Us it not /
fact that the United States Rubber com
pany paid the banking of commission of |
sls per cent for selling the stocks of the
various companies?'
The witness hesitated and Senator
LeNow. pounding his desk, said:
can't you answer. yes or no?"
u can ascertain. | thinl, that was tn Q
amount" the witness replied slowly.
Did not the New Brunswick factory
close down in the winter of 1So5. THROWING,
atl the factories out OF work when it was
offered contract in what is known as
thirr rate goods, which could have kept
the factory going all winter?"
Il don't know"
Mr. Flint said that the United States
Rubber company is producing better goods
nart I
scale OF its employees had not been sliced |
off at any time
Subsequently the witness denied having
purchased the Colchester plant, but ad-
mltted that 1t was purchased by Hollins
q Co., bankers
petition the Setaucket Rubber company of
Long Island had to close down and is still
closed2"
II don't know anything about It,"
Mr.. fllnt denied that the banking firm OF
Hoiilns u Co were the authorized agents
OF the United States Rubber company in
the matter Of acquiring property.
MT Flint emphatcally denied that the
presidents OF the various companies have
pace IN the directory of the United States
rubber company. Witness claimed that the
United States Rubber company is an indie
pendent organization. whose governing
board is not drawn from subcompanies and
has no connection with them.
Witness said that the Para Rubber COM
pany In its competition with the other
companies lost S750o00 The failure of a
number of rubber concerns was due to the
iGct that they made counterfeit goods
which failed to bring the required price
Was the United States Rubber COM
nany responsible for the insolvency of the
Para Rubber company"
NO, sir, the United States Rubber COM
psny dld not come into existence until
after the Para company had lost the sum
already mentioned"
speaking Of trade marks Mr.. Flint said
thai the consumer relied for quality and
durability on tho trade marks which
nave stood tho tests of guarantee for fifty
years.
Today he continued. "the American
wage Garner is enabled TO sustain his rate
Vi wages by the existence of superior or
sanl@atlons oil manufacturers. / think the
only way in which wages can be kent up
Is by the Capitalization of manufacture
ana the economy which results from su-
N,lof organizations in connection with
labor saving machinery.
10y means 81 Capitalization the Ameri-
Sdh wage Garner can compete with cheap
iapor countries like China and Japan"
Ashon now 1t was that the United States
nupp,r company almost doubled the prlce
VI ruoper shoes since 1892, witness said
az, ne was unable to explain and claimed that
represented turned out
me best shoe in the country today In or
n ns 10 give Mr. Flint an opportunity to
ploTiue the books and data required by
n ,,'d Lexow. he was excused until to-
Mililam l. Walker. treasurer CT the soda
S smV'oNte, which was Incorporated July J.
n r9no' win a capital stock of s., 900 900 was
nis witness said that the business VI ,
neVn UNITED principally to the States Of
, r,eM iorR and New Jersey, but that bust {
MSS a.. To-Day was conduct ID ia every State ,
In the Union
How many stockholders are there in
Your concern" was asked.
poration."
II the jobber sold the commodity at
Genus pound instead of 81 cents, is It not
uue mat YOU would deprive the jobber of
Is We make no difference In the
matter Of price in any state Of the I'M
ION, aided the witness.