The evening times., 1898-12-28
HORSELESS TRUCK AND
THREAD SYNDICATES
Trusts Added to the Rapidly
Increasing Lists.
COMPRESSED AIR MOTORS
New Vehicles to Carry Heavy Loads
Of Goods.
OPPRESSED AIR MOTORS
Combine of Leading Spool Cotton
Companies to Control the Out
put Of Sewing Materials.

New York, Dec. 2S.-Expansions OF
trusts are becoming matters of almost ev-
ery-day occurrence. So frequent is the
formation of all sorts of syndicates to
control the affairs of trade and capital in
the country that many are passed by with
out much thought excepting the concern
felt by the people more directly interest
ed in them. OF course the immense cor
porations are not in this category. They
attract attention from entire communities
much greater than a passing comment.
Among the latest OF these big enterprises
are two concerns-one to place hor5eiess
trucks in the streets of this city, while
the other is consolidation of the three
great thread manufacturing concerns
which practically control the thread bust
ness of the country.
Concerning the horseless truck corpora
ton, II is learned that what is called the
New York Autotruck Company. with
capital of $1,000 has been incorporat-
ed. With this capital it is proposed to
place autotrucks, operated by compressed
air, in the streets of the city.
AT present the only persons whose
names are made public in connection with
III escheme are James H. Hoadley, of No.
253 Broadway and Henry Z. knight, OF
knight Brothers No 90 Broad Street. Mr..
Hoadley is president of the Compressed
Air Power Company. Mr.. Hoadly and Mr.
knight combined their interests in COM
pressed air motors some years ago, ana
William C. Whitney became interested in
their company.
Their motors have recently been adopted
by their Metropolitan Traction Company
for use on the Twenty-eighth and Twenty
ninth Street croSstoWn lines, ana Will soon
| be in operation
Mr. Hoadley. for the present, declines
| to state whether the capitalists back of
| the New York Autotruck Company are
Mr.. Letter and Mr.. Whitney or who they
| are. He says that the organization of the
/ company is not yet completed and that
| until it is the names of its officers or di-
| rectors will not be made public.
I'VE have built autotrucks.'' he says,
| "and used them at our works in Massa-
| chusetts. We can haul a load of eight
| tons twenty-five miles without replenish
| ing the air. 1t is easier for our trucks to
| move eight tons than for three horses to
haul six tons in an ordinary street On
wet asphalt horses are almost helpless and
with the substitution of asphalt for paw
ing stones the horse must go.
From sanitary standpoint and in the
matter of cleanliness il would make great
difference in the city if the 10000 to 100000
horses in its streets were done away with.
Our trucks will take up less room, and
will move much faster than an ordinary
team. and they are under such perfect con-
troll that there is less danger to life and
limb than with horses.
Electricity cannot be used for trucks de-
signed to carry heavy loads, owing to the
weight OF the storage batteries that would
be required. 1t does very we'll for cabs
and light delivery wagons, but trucking is
another matter. II We had our trucks in
the city when that last snowstorm fell We
could have removed il in seyenty-two hours
at the outside" -
An attempt is to be made to absorb the
principal trucking interests of the CITY and
to gradually replace horse drays with auto
trucks. The plan proposed is similar TO
that followed in organizing trusts. Sepa-
rate interests are TO be purchased and
truck drivers are to become motormen. If
this plan does not work there will be 4
. fight between the old methods and the new.
The thread factories which have been
combined are those of George A. Clark d
Brother, whose office is at No. 400 Broad
way and factory in Newark, n. j. the
Clark Mile End Spool Cotton Company.
with Offices at No. 4i2 Broadway and fac
tory IN Newark, and the Goats Thread
Company, with offices at No. 345 Broad
way and factory at Pawtucket, R. l.
In a circular issued yesterday to the
trade these three firms announce that af-
ter January l their separate selling Offices
in New York will be abandoned and their
business will be handled by the Spool
Cotton Company, at No. 345 Broadway.
The latter company has just been ncor-
porated under the laws of New Jersey.
All of these concerns were originally
English and have still English conntc-
tions, but their American business, it is
said, is larger than that in the parent
country. Their factories here were es-
tablished to avoid the heavy tariff on
their product.
1t is stated that the American factories
will be run independently and that the
consolidation of selling agencies does not
imply that trust has been formed
person connected with one of the facto-
ries says, however, that a price agree
ment had been reached and that oompeti-
tion would cease between the firms
The capitalization of the new company
! has not been definitely ascertained The
! Clark Mile End Spool Cotton Company is
capitalized at s2,000,000 The capital of
| the others is not recorded, but it is
| known that it is much in excess of this
| amount.