The representative. [volume] (St. Paul, Minn.) 1893-1901, 1898-04-13
NJ kINLEYISM
Prosperity for Trusts.

March was an eventful month IN the
history of trusts. :, j. Pierpont Morgan
celebrated the first anniversary of the
new administration by concentrating
plans for a gigantic wire combine, the
capital stock of which will be placed at
not less than $5O,OOo.O 900. A material ad-
vance in the price OF wire nails i'm
mediately followed the announcement.
This month also saw the formation Of
the hay trust. which proposes to control
the product Of Illinois, Indiana, Ohio and
Michigan. The capital stock is $780,
900. All the big Individual hay COM
panies in the territory named are to
sell their business outright to the trust,
worth having in the states and set the
price and control the sale of every ton
or load of It, Where is tho "independ-
ent" farmer now? F. w. Lipe. the Or
iginator of the scheme, apologies for it
In the following, fashion:
"The hay business as it stands at the
present time is so demoralized that it is
impossible for any shipper to make any,
thing out of it. It stands with ourselves
whether you redeem your lost cause or
allow 1t to sink into oblivion. Now is
the time to act. Many other kinds of
business have been forced into combina-
lions or to pool their interests. Recent
ly the wire mills have been forced into
what is termed trust The cause Of
this was that the small manufacture cut
the price on the wire until the profit was
entirely lost in the competition. Their
only remedy was to control the product,
which they will do from this time on"
Then there is the proposed peanut
trust, the object of which will be to
control all the peanut cleaning factories
in the country, Eighteen In Virginia and
seven In the West. 1t also contem-
plates, If successful, the closing up Of
those factories not paying or unneces-
sary and a general cutting down of ex-
penses
It. will not be long before we will be
eating trustified sardines. The Brooklin
Packing company, of Brooklin, Me-, has
an option on all the sardine factories in
that state for an English syndicate repre-
senting capital Of 100000.
Rumors of a monster stove trust,
capitalized at 10000, 900, having leaked
out, but as the time is not yet ripe for
official announcement tho rorort ic hot n a.
vigorously denied by the corporations
said to be in the combine.
From Cincinnati comes the report that
a deal is being worked for the consoli-
dation of all the spirits manufacturing
plants independent of the American
Spirits Manufacturing company. The
plan is to consolidate the new combina-
ton with the American company. ]. b.
Greenhut is said to be working the
scheme and the price he gets for it's
successful negotiation will be restoring
him to the head of the trust.
Indications point to speedy consum-
nation of the plans for a hard rubber
trust. The new combination will be
known as the American Hard Rubber
company and will be capitalized at 81
100000. Fritz Achelis, president Of the
India Rubber Comb company, one Of the
largest concerns in the proposed COM
bine, offers the same stereOtyped excuse
for the trust that all other well-inten-
toned capitalists do, 1. e., "to place the
business on more healthy basis.'
Another trust is being planned by the
Rockefellers. 1t is to be brick monopoly.
Options have been secured by the Stand
ard Oil company on IA Of the II big
brick properties in New York state
Six million dollars is reported to be be-
hind the scheme
A movement Is on foot toward trust
ing the thread industry. Jersey City