The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-08-29
THREE BIG TRUSTS.
Organized and Made Ready For Bust
ness in This Country.

ness in This Country.
New York, Aug. 29.-Three big trusts
got ready to do business today, as the
result of meetings in this city, or of
work done previously. They were the
steel trust, -four trust, and acid trust.
Representatives of the various inter-
ests in the iron and steel trust met
again today in Flower & Co. s banking
Office. Many points of valuation were
decided in the merging of the Minnesota
Iron company and the Illinois Steel
company.
The public will be much interested to
learn that a consolidation of the great
iron and steel companies of the United
States has been accomplished; that the
terms of it have been agreed upon, and
are now being put into shape by some
OF the ablest corporation lawyers in the
country. The new combination in
cludes:
The Minnesota Iron company, with it's
Duluth and Iron Range railroad and the
Minnesota Steamship line.
The Illinois Steel company, with its
Chicago, Lake Shore and Eastern rail-
road.
The Southwestern Connellsville Coke
The Elgin, Joliet and Eastern rail-
road.
The Lorain Steel company Of Lorain,
Ohio.
The johnson Steel company of Johns
town, Pa, lately merged into the Lorain
company Combined capital $75, 600, 900.
The companies which are confidently
expected to join the combine are the
Cambria Iron company, the Bethlehem
Iron company, the Tennessee Iron and
Coal company, the Pennsylvania Steel
company, the Colorado Fuel and Iron
company, and the Carnegie Steel COM
600, 600.
The leading manufacturers of heavy
chemicals met in the downtown club,
so Pine street. These are men who make
acids, sulphuric acid, nitric acid, and the
others which are used for a thousand
purposes in the arts and manufac-
lures.
The heavy chemists, the solid manu-
facturers, were not extremely cOmmun-
acative. It can be stated, however, that
the Nichols Chemical company, the
Martin Kalbheisch Chemical company,
the Graseli Chemical company. the Lodi
Chemical company, James l. Morgan &
Co, and about 80 others were repre-
scented at the meeting.
The combined capital of these COM
panies is $4,000 900.
A committee was appointed to form
ulate plan of consolidation, and this
committee was instructed to report at
a meeting to be. held in this city next
October.
The -four trust had it's birth in tho
mind of Thomas A Mcintyre of Nc
1ntyre & Wardwell, flour and grain
brokers in the Produce Exchange build
ing. He Oragnized the Hecker-Jones-
Jewell Milling company, a combine of
big -four mills in the east; he organized
the warehouse trust, that owns all the
great warehouses save one along the
Brooklyn water front.
Mr.. Mcintyre went to Minneapolis
last week and labOrated his plan to the
Pillsbury- Washburn company, the
Washburn-Cr Crosby company, the North
western Consolidated company, and the
other great millers of that section. They
were much attracted, but they remind
ed Mr.. Mcintyre that the majority of
the stockholders of the milling compa-
mics are Englishmen, and that they
must approve the formation of the
York last Tuesday, and it is confident
" stated that he will go abroad within
a month to interest English capitalists
in the consolidation.