Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-03-06

Over S5O0,OOO,OOO Involved Since Jan
uary 1st,
AND OTHERS IN PROCESS OF FOR
MATION-A LIST OF MORE
THAN FORTY GREAT CORPORA
TIONS WITH THE AMOUNT OF
THE CAPITAL, STOCK.
SOME RECENTLY FORMED TRUSTS

SOME RECENTLY FORMED TRUSTS.
Company Capital Stock.
American Cereal Company. $500. .a5, 00, cog
american Radiator Company. l0t0lC0J
American Saddle Company. .... LSG1,C00
Borax Cons olidated Ltd. .......... 100000
general Chemical Company lo.eeo 050
New England Dairy Company. 100000 90
Union Bag and Paper Company. 2l.10l0.0
United 81 Machinery Con-. 23.C0J,C0J
United States Varnisl Company. 1900, Coz
American Brass Company......... q, 90, 90
american Last Company. 3,50t,J0J
American Sewer Pine Company. q, coo coo
american PotterieS Co............. 4O,CO0,VSV
american Silk Manufacturing Co.,
OF New London. Observation-Disclosures. H,5J, 600
American Tobacco Company. IS 0o0 COO
American Car & Foundry Co... 60,o90,00o
American Caramel Company.. 100, C00
American Hard Rubber Company 2,500,N0
American Lamp Chimney CO... 900
American Potteries Co........ q, eco eco
American Steel & Wire Con-. 24C00 900
American Thread Company. 10.e00,G00
American Tin Plate Company. 5000, coo
Boston Fruit Company. ............ 10, COO 600
Bridge Builders Combination. 100000
room Manufacturers Associa-
ton of United States. 10000 $50
Cast Iron Pipe Trust. Il, eco csc
Chicago Milk Company. ...:...... i, oe0 cog
Fire Clay Sewer Pipe Trust....... 20C00,o00
house Company .................. 100000
Knit Goods Company ............. 20, Geo Geo
Kodak Limited Company. T. 16S coo
National Carbon Company. ...... 1000, 600
ing Company .....: ...........: $4,000, coo
Association 80. ................. 500, 90
Otis. Elevator Company. .......... n,C90, 0G0
Pa--hc States Telephone. $1,000 60)
Print Cloth Pool Observation-Disclosures. 100000
Rubber Goods Manufacturers Co. 30 COO 0Gl
Sash and Door Combine. .......... 100000
United states Cast Iron Pipe and
NJ Foundry Company :............ 30,0c0,0 600
The National Tube Company. 90 600. Geo
The country seems to have gone
trust mad. Nearly everything the or
binary, everyday citizen eats, drinks
or wears is the output of some combina-
tion of interests which controls the
market and regulates prices. The car
on which he rides to and from his place
of business is pretty sure to belong to
an amalgamation of lines controlled by
single company, and the light and
heat which he gets while at work in
his Office he has to pay a trust for.
Even his radiator is manufactured
by trust, while the very varnish on
his furniture had it's price fixed by the
United States Varnish Company, CAPT.
talized at $1S,000,000.-
The greatest menace to the perma-
nence Of trusts is their almost uniform
capitalization. Recent history
shows that they establish a scale of
IL.
Shrewd competitors arise whom they
are obliged to buy out at fancy prices.
Meantime the seller looks around for
anotne. trust to combat.
The tying up of money in trusts has
had bad effect on the other industrial
ventures. 1t is largely due to this in
fuence that the bank statements for the
past month showed an increase of be-
n M nd I.
loan account
Suppose trust absorbs a dozen big
plants. Each plant had its own set of
books, kept by its own bookkeeper and
each separate enterprise had its own
superintendent and its own corps of
Overseers. But with the trust one set
of books replaces the dozen which ex-
listed before and one superintendent,
does the work twelve men did before
him, and SO on all down the line. A
trust could probably get along with
One-half of the employees of this class
who had been provided with work be-
fore by the plant they absorbed.
The increase of the trusts has also
led to the formation of trust associa-
tons, which simply represent a combi-
nation of capital and can more readily
COuIIOl tuc GuOIu1OuS SulIlS necessary
to handle the stupendous enterprises
which are continually cropping up.
The total capitalization of these
schemes f1oated or in process of being
carried through since the first of Jan
uary is estimated to be more than $780,
100000
The American Cereal Company,
which is mentioned in the list of trusts
givin, is still lacking organization. The
organizers of the proposed consolida-
tion announce, however, that the plan
Is only postponed to await more favor
able conditions, and in the meantime all
the money paid in is returnable.
The latest announcement is that of
the proposed amalgamatior of all the
woollen industries of the country, to
be called the American Woollen Com
pany, with a capitalization of s50000,-
OO0 The company as formed contains
the largest of the mill owners, yet sew
eral outside are to be taken into the
concern. These owners will be invited
to enter the new company, putting in
their plants at their real value and
taking stock for them, or the mills will
be purchased outright.
fa1l of Is