New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-04-20
CIGARETTE TRUST CHANGES.
TALK OF A GENERAL COALITION OF TOBACCO
INTERESTS


While the reported TO he Interested in the
change OF management OF the America Tobacco
Company refuse TO give any information on the
subject. they do not the other hand deny the
published statements that such a change Is in con-
temptation. As was said yesterday. large quaint
ties OF tho stock have recently been absorbed by
Moore Schley and other firms. and by Oliver n.
Payne. the latter having not only big block o,
II in his own name. but also II is reported n suni-
clent amount o: proxies to give absolute control
when the annual meeting OF tho company is held
next month. 1t is understood that tho men named.
with other large capitalists. have formed a coali-
ton. with certain interests In the company be-
neved 70 be Mr.. Duke and his friends to force the
retirement from the Board next month OF another
clement which is alleged to have pursued improper
and harmful methods in the management OF the
company The coalition. II is said. will then pro
coed to form two more large corporations. which
are 10 embrace all the more important outside
Germs. including the Lggett & Myers and Drum
mond Tobacco companies. each OF the companies
formed TO have represent atves on the boards
OF the others. and each company to confne its
operations TO the manufacture and sale OF It's spec
fed lines Of tobacco This arrangement II Is be
eved. would have benefccnt results IN various
ways--insur,ng the establishment and maintenance
OF harmonious relations. and making possible the
securing OF important economies in operating and
executive expenses. that business might he con-
Quoted at satisfactory profit. Among the large
companies and firms which have given options. or
which they would transfer their respective bust
nesses to other parties. understood TO be the men
instrumental in bringing all tho tonacco interests
together. said TO be the Drummond Tobacco
Company. Buchanan Lyeii F. lorard & Co.
T. J. Sorg and Harry Weissinger co.
At the annual meeting Monday OF the Trade
Mark Association OF the Plug Tobacco Manufact-
urers the Board OF Trustees was increased from
five TO members Harrison J. Drummond.
p J. Sorg Robert Wilson and Oren Scotch were
reelected. Pierre ioriard r.. was chosen IN place
Of Mr. Finday. and Thomas J. Atkinson and Rob
ert McGnnis jr., were elected as the additional
trustees: VI. c Wetmore president OF the Lisgeit
& Myers Company reelected president OF the
Pierre Lorard. treasurer. and Theodore l.. Allen.
secretary.
The association passed significant resolution.
changing its bylaws so that other interests. such
as smoking and fnecut tobacco ana cigarette
manufacturers. could be admitted to the association.
The Plug Cut Association the parent trade
mark association. and has heretofore refused 20
admit other branches o. the tobacco trade These
excluded interests therefore formed An association
o. their known as tho Trade Mark Association
OF Finecut. Chewing and Smoking Tobacco
The latter association held meeting yesterday
and after discussing "A proposition 10 join the Plug
Tobacco Association as body. voted not 70 take
such action. but 10 permit any o, It's members 10
Of the members will Join the other association on
that basis There election o. ofIi"ers yes
fcrday and the old Board and officers will hold