The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-06
DECEMBER,s CRop OF TRUSTS.


and elevation. p. F. Lyons Observer
---S-
DECEMBER'S CROP OF TRUSTS.
Whether the observer agree with
those who regard the development Of
trusts as "the highest and best pro-
duct Of our modern civilization" as the
Sun terms them, or with those who re-
gard them with the apprehension that
the carp in pond may be assumed to
feel on the arrival Of the pike the inter-
est is Of equal degree. It is to meet this
interest that the G. l o b has kept &C
their appearance. For a while they
came struggling along by ones OF twos
with wide intervals between, but of re-
cent months their appearance increases
in numbers until the day is exceptional
in which either the formation Of some
new one or the consolidation Of COM
bines into one is not an item of the
daily news. We took occasion last
month to bring the record up to No
Vember and we now give that made by
this Few industrial phase in December.
Dec. l. 1t was announced that the
three big concerns that had absor bed
the cracker and biscuit factories of the
country had come to terms, and on the
10th the deal was consummated and
another trust created with a capital
cation of $25, OOO,OG0
Dec. 4. Word came from Cleveland
that negotiations were nearly COM
pleted for the trusting Of all the wire,
wire nail and steel rod factories in the
country. On the 9Th the manufacture
ers met in New York and made further
progress in the incubation Of the trust.
1t was said that J. P Morgan & Co.
were financing it and it's capitalization
would be $4,000, 900. On the 18th Its
formation was announced as practical
ly completed, but the capitalization
had increased to $50, 200, 900. On the Sd
Inst, Springfield, ILL.,, dispatch stated
that the articles of the trust would be
filed that week and that the capitalize
ton had grown to $S7 600, 900, $50, OOO, 900
of which was preferred stock with
guaranteed per cent dividends.
Dec. 8. The steel companies that
formed the old pool got together again
In New York and arranged for a divis-
ion Of territory, the "harmonizing" of
their respective interests and the adop-
ton Of a per centage allotment Of out
put with. Of course, penalty for it's
infraction.
Dee. u. New York advices told that
the Rubber trust had at length cap
tured all its competitors and gained ex-
elusive control of the country. by
which was meant, OF course, the MAX
- Ing and sale Of goods into which rubber
enters; but, as its name Is the United
States Rubber Co., it Is within bounds
to say it gained control Of the country.
Dec. II. The Enamel Ware trust.
whose inception we noted last month.
took another advance step at a meeting
in New York OF the promoters. but It
was not completed owing to the alb
sence of two firms who were berated g
the stumbling blocks in the way of
the speedy merging OF the enamel ware
interests"
Dec. II. Columbus, Ohio, sent word
that an association of wooden manu-
factuTers of Illinois, Indiana, Ohio.
Pennsylvania. West Virginia and Ken
lucky was formed there for the pu,-
pose Of mutual protection In the pu1-
chase price Of their raw material
rather than to effect price of product
a resolution governing the purchase
of wool was adopted. It was said. but
mot made public"
Dec. Is. The manufacturers Of wood
working machinery in the United
States met in New York and decided
to incorporate, under the lenient law,
of New Jersey. the American Wood
Working Machinery company. The
sole purpose was stated to be "to de-
crease the excessive cost Of manufac-
turing ard selling" The capitalization
was put at $4,000, 600.
Dec. 81. The bridge makers of the
country met in Cleveland to form a
trust or, falling that, to build a rolling
mill to supply them with structural
steel ard thus escape the other steel
trust. The prospects of getting to-
gether tremendously were said to be
excellent.
Dec. Il. Chicago aud Cleveland news