Marshall County independent. (Plymouth, Marshall County, Ind.) 1897-1902, 1899-07-21

kilograms have been sent over the
country during the past couple days,
which indicate the possibility of an
sbandonm. mt of the bicycle combina-
tion which was recently formed in New
York City. This combination includes
about forty of the leading bicycle fac
tories of the United States and the In
diana Novelty Manufacturing COM
psny, of this city, the only rim factory
in the deal.
In an interview with George III.
Thayer, Jr., the manager of the Indi-
sna Novelty Manufacturing company,
here, it is learned that practically the
same kilograms have been received
here as have been sent out from Indi-
annapolis, Springfield, o., and other
points. While the first kilograms indi
Gated that the plans would fall through,
later messages 60 TO show that the
prospects tor the fiotation are very
good. The first telegram received by
Mr.. Thsyer was practically the same as
those which appeared in Saturdays
metropolitan press. This came from
from G. p. Prial, publisher of the
"Wheel," New York trade journal
But twenty-four hours later, this same
man telegrsphed that conditions were
changed and that the prospects for flo
tation were very good.
The following telegram was also re-
ceived by Mr.. Thayer Friday evening:
New York, July Ia, '99.
&c. Fl. Thayer, JT, Plymouth, Ind:
"Pay no attention to any malicious
rumors. Meeting called for Monday.
Don't fail to be here.
"a. G.. SPAULDING."
Mr.. Spsulding is the well-known
sporting goods man and is the promoter
of the combination.
Mr.. Thayer informs that he can
not tell what the outcome will be, but
is inclined to believe that the plans as
formerly arranged will be carried out.
He, in company with his father, Ill.
&. Thayer, and Mr.. Marble, left Satur-
day evening for New York to be pres
ent at the meeting on Monday.
Discussing the co operative move
ment, Mr.. Thayer stated that it would
result in the manufacture of twice
the number of rims at this point and
that the pay roll of the Indiana Nov
city Manufacturing company would be
doubled. This organization, says he,
will not have a monopoly by any means.
There will be more factories outside
the combination than in. The object
is not to raise the price of wheels, but
to reduce the cost of production. This
is to be done by substituting co-opers-
tion for competition. Money will be
saved by reducing the selling expenses,
by cutting off the advertising expense
which has become burden to every
factory, by reducing the number of
statesmen and branch stores, and by
eliminating the expense which comes
in the way of interest upon borrowed
capital. A still greater economy, says
he, will come by reducing the variety
of the goods made in the factories.
Wages will not be lowered; neither
will prices be advanced. The advsnt-
age to be derived is in the economy of
prod uction and the selling.
The American product will then
easily compete with the products of the
English, German and French factories.
The American goods are superior aud,
with these more economical methods
of production, our goods cannot help
but compete successfully in the home
markets of other countries.
Bicycle Trust Assured.
News comes from Ii. q. Thayer that
the bicycle trust has been formed at
New York. Forty-ive manufacturers
representing fifty-three plants were
present at the meeting. The capital
stock was reduced from SSO,OOO,OOO to
$40,OO0,OO0. The manufacturers will re-
ceive for their plants 80 percent in cash
80 percent in preferred stock and 30
percent in common stock, making 1IO
percent total. The company has option
until Oct l, on about 125.