The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-19

and his colleagues of the joint legislat
i've committee appointed to investigate
the existence of trusts and monopolies
in this state. met again this morning.
In anticipation of an interesting ses-
sion, there was large attendance of
the outside public.
Mr.. Havemeyer was in attendance at
the funeral of the late William P. St
John, but LAWYER Parsons assured
Senator Lexow that he would be pres
ent after recess. Mr.. Parsons said he
had been authorized by meeting of
the board of directors of the American
Sugar Refining company to present the
agreement in regard to the purchase of
the Philadelphia concerns and the in
formation regarding labor and taxes
paid by the company, but Senator
Lexow said the committee would like
to have Mr.. Havemeyer before the
committee before putting the informa-
ton in evidence.
Charles r. Flint then took the stand.
He was asked if he had secured the
figures with regard to the wages. paid
by the United States Rubber company
and competitive companies. Mr.. Flint
was unable to secure all the details,
and he was then asked if any one in
the employ of the United States Rubber
company had destroyed the facilities
for the manufacture of rubber on Long
Island.
Il know nothing about any such
thing" replied Mr.. Flint.
Did the United States Rubber COM
pany destroy any property in Brook
haven?'
Not to my knowledge"
Now, don't you remember that it
0f q
the plant of the Brookhaven company
after MIR. Elverson bought it?'
Il have no knowledge of such a
thing
Have you any branch of the bust,
ness which provides for the destruction
of property
Il can ascertain. 1 don't know"
WOULDN'T SEE III.
Chairman Lexow tried to get Mr.
Flint to admit that whenever the
United States Rubber COMPANY ad-
vanced money to factories it did so for
the purpose of controlling the output
and fixing the price OF the goods, but
the witness would not see it in that
way.
The witness then gave statistics
showing the wages paid by the United
States Rubber COMPANY 10 it's en-
ployees and the wages paid by the
Setaucket. According to Mr.. Flint
figures, his company paid more than
the Setaucket company to its en-
ployees.
Mr.. Flint said that workers in first
quality rubber shoes make 50 to SO
a day, and cutters get from SO to $3.50.
How is il that the Setaucket fac
tory cannot compete with the United
States Rubber company, although it
pays % per cent less for it's labor?"
We'll, we claim that we get more
value out OF our wage-earners than
they do, although we pay them % per
cent more. We have also more labor
saving devices and use more economy
in production"
why is it, that when you increased
your facilities, as far as plants were
concerned, you did not go to a place
like Setaucket, where labor was % per
cent cheaper"
I'VE thought it best to increase the
plants at our larger factories. Further
more, our speciality is the production of
high grade goods
AND LEXOw SMILED.
Senator Lexow smiled at this re-
oly.
Mr. Flint, he said, pray do not
advertise your goods any more"
Witness admitted that there were
more men employed by the Independent
companies before the consolidation.
Now. to put it plainly, Mr.. Flint,
has not the entire general stock of the
United States Rubber company been
known as watered2'
Mr.. Flint paused a moment and then
went on to describe how Ihe stock was
issued.
Our stock he said. was issued for
good will and to pay for properties"
Now, does not a great deal of your
stock represent only water which your
companies directors expect some day
to develop into something which may
pay dividends?"
I'VE have our trademarks and pat
ents-they are very valuable, just as
valuable as brick and mortar" said
Mr.. Flint.
In reply to another question, Mr..
Flint admitted that one of the objects
of the consolidation was to enable the
property to be put on the market in a
realizable form.
Then, to the industrial feature of
the enterprise is added the ability to
dispose of its certificate of stock?''
Undoubtedly. sir.
At this juncture Chairman Lexow
announced a recess.
A subpoena duces tecum has been
issued on James 3. Ford of the United
States Rubber company, who has the
key to the safe deposit vault in New
Brunswick. n. j., to produce the
schedule of purchases and other papers
asked for by the committee.
HAvEMEYER APPEARS.
After recess, S. o. Havemeyer took
the stand.
Witness identified a copy of the
agreement made by the Knight Rein
ing company for the sale of its prop
erty as a correct one. After witness
had identified copies of the agreements
with other companies and declared a
document showing the amount of taxes
paid by the company from 1892 to 1896
was correct, he said he thought that
the statement mady by Mr.. Searles
that the Brooklyn factories of the COM
pany produced 5000 barrels per day
was right. Witness said his company
paid in this state last year S33,615 in
taxes for personal. real and household
property. He also stated that about
one-half of the producing capacity of
his company was in this state. Wit
ness declared that his company had as
much raw sugar stored N Boston as
in Brooklyn and twice as much in
PHILADELPHIA as in either of those cities.