New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-10-04
PLANNING ANOTHER BIG TRUST.
SYNDICATE SAID TO BE COMBINING RE-
FRIGERATOR MANUFACTURER.


The news that there is 10 he a refrigerator trust
will probably be read with special interest by
those original spirits known as the Long and the
Short" who have recently demonstrated in Western
cities that the refrigerator has other uses IMAM
those for which 1t originally intended.
For the benefit Of people who have not Kept pace
with Chicago police news. it may be stated by
way OF explanation. that the Long and the Short
have been recently arrested in the city Of "unex-
pected and rapid changes for a series Of novel
burglares.
These enterprising gentlemen have been in the
habit Of entering the Chicago saloons at late
hour after all but ore Of the dispensers OF Bixed
and unmixed joys have retired. The white -aproned
gentry Of Chicago are apparently an unsophisti-
Gated and guileless lot, and have easily fallen a
prey TO the Establishments OF the Long ana the
short" who, by a dexterous method known only
10 themselves have been in the habit of combining
the barkeepers in their refrigerators while en-
gagged in burglarizng the premises which oper-
ations these enterprising robbers are now likely
10 pay for by being themselves cast into durance
vile for longer or shorter period, as chicago
justice may determine
All Of which has no direct bearing upon the re-
frigerator trust but is suggested by the announce
ment that such trust is likely TO be formed The
plan of the refrigerator trust is 10 Duy UP ~ per
cent of ali of the plants IN the United States. The
deal is being conducted by the Michigan Trust
Of Moore Bros, Chicago bankers who were
prime movers in the Illinois Steel and Montana
by a syndicate with capital Of 100000
The refrigerator business rs practically controlled
at present by about thirty-six firms. The trust
conipany's attorney is Andrew j. Fyfe. who has
visited the interested parties in this and other
cities.
IN is said that all Of the Western have
agreed to sell out. and that number of Eastern
firms have also sgniied their willingness 10 do
in all Mr. Fyfe is said 10 have secured thus far
the consent OF 50 per cent Of the trade and the
deal is practically assured.
The trust Is 10 be monopoly pure and simple.
The documents IN the matter supulate that the
buyer is 10 purchase the plant outright. inclusive
OF all real estate. stock and machinery. and to
assume all liabilities and contracts. paying in cash
therefor and not ~ stock. The present owners of
me plants superntend the running of them
for one year as employees of the purchaser. The
seller is also 20 agree that he will not engage In
similar business. either directly indirectly for
al least thirty years. The amount of capital which
Will be required is variously estimated at from
IS 100000 10 ss.OCo0o II Is thought that the deal
will be consummated by November IL
The rnanufactu in this city are not inclined
10 discuss the situation. aud some OF them said
Yesterday that they had heard nothing whatso-
ever of the matter Among others who were seen
Yesterday was Jesse r. Hall. president OF the
Bei0Ing Hall Manufacturing Company. NO 2i
Canal-st. He reticent In giving information
in regard 10 the proposed trust, but said that he
thought II altogether probable That the plan would
he cOnsummated.