The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-06-27
SP1LDISG FOR PRESIDENT.
This 10 the Onioial Announcement of the
Cycle Trust.

Cycle Trust.
The subjoined statement concerning the
affairs OF the Cycle Trust" was made public
yesterday at A. q. Spaldings offices in the
Vanderbilt building. II is the first official an
nouncement OF the proceedings OF the COM
bine. and It confirms in detail the facts cleaned
from various sources that were published in
THE Sun Of last Saturday. The proRnostica-
ton OF Spaldings election to the Presidency is
shown to have been correct by the selection Of
his name. given to the underwriters The
names published in THE SUN were cor
rect in every particular. The official
list appended shows only an addition OF twelve
new names. which are mostly those OF bicycle
concerns. but include also a tire plant and
some saddlenakers The accounts that the
trust would take in only few at tho start and
would not make changes OF revolutionary char
acter also are corroborated by this official
presentation. The statement in full is;
A meeting Of tho cycle trade which Ia to
form the nucleus of the American Bicycle Com
pany was held at the Waldorf Astoria Hotel.
New York city. June y. %. and %. The fol-
lowing concerns were represented:
Amos Frost Co. Chicago: American Saddle Co..
Cieyelond c, Acme Mfg f.. Co. Reading; Pa; Barnes
New York city, Crawford Mfg Co. Hagerstewn, Nd.
S,Sn cs Co BGys e.
aa .SIy Co. i fny MF sFssa k.pa. GTs:
S. %SI4. cS H., Cooley Hy'S Tir F sS
Indiana ,Bcyrrr Co.. Indisnapos; Indianapolis
Co; Indianapolis Cham and Stamping Co. Indian
sPolsS H. a. f hGeF Co. iGyelSnd Lamb ME-
caro Monarch ITSiG Mig. Co, chicago MiiTaniee
G Mss o NarYn bS. Ni
Co. Buffalo; Pope My, Co, Hartford; Peoria Rnb.
k. a Ms Shelby SgS: Mss CO. c shsSS
sG ssp h S M G nm G. Smith
cnsc Syracuse cycle Co, syracuse G. L. THOMPSON
Mfg Co., Chicago Viking hfg Co, Toledo; West.
Co, CleN Gland.
"A temporary organizatl on was effected with
A. Il. Spaldng as Chairman and G. W, DECKER
complete report Of his work in connection with
this matter from its inception up to the present
that had been taken and the obstacles that had
been ,il. net and overcome; which was enthpsi-
ndcated by the f ooWins W Which
was unanimously passed and duly signed by
the representatives present:
"RSsolped That all who are present at this meeting
for themselves and the corporations or Arms which
they represent desire 70 express to Mr.. Albert q.
ness exhibited by him in forming this com binston
of bicycle manufacturers. And. further apprsciat-
cni and unremittins ,cdorts Tor many contiguous
are Luoce 'sfully completed.
MIR, Spalding expressed himself as highly
pleased with this, indorsement Of his Efforts.
and was especially gratifed to feel that his
he would now be relieved OF his individual and
rcr79nal responsibility in this matter. and
from now on he would represent to the best OF
his ability and act as their Chairman,
to- prncerS %tS The mao esdH
closed with. as indicated above. as It was an
imposSibility to consider the other options now
lIi lie iyat lion g,l
company was completed.
Committees on organization, manutactur-
ing, domestic sales and foreign trade were ap-
rointsd al this meeting to prepare plans for
the future work OF the company. Each COM
%ns ys6 10sT and hess
will he amplliled by further consd ration and
will be presented to the officials OF the new
company when elected, and Will proba bly, form
the basis for future action for the new company.
The Committee on Domestic Sales recon:
branch stores in different cities and their aban-
dUnment as tast as prnc'icahl9 from the retail
be conducted by the regular retail agents and
dealers; This committee also strongly recon-
m me that all agents thTIaughout the coun,
ard in tact ct everything possible be done
and make their hand ing OF the goods man
uiacturSd heretofore by the Different con
ZION as Satisfactory and profitable as poss-
bic. the general Idea OF the report being that
Tor IN" coming year as little change as possible
be made III the present method .! distributing
the goods This will doubtless be rrasSurng
news Ia tho trade at large. AS there had been
some apprehension that the new Omhination
would undertake to sell its wheels direct To tho
ruler, thus throwing out of business a large
mum DER 81 agents who have pushed the sale OF
tho brands manufactured and earned for them
selves a livelihood
The bankers who have undertaken to
finance this company. and who will hay" the
selection OF the officers tor the first year. de-
sired an expression from the manufacturers
"a lF.n hate ..t1l al
otlir" 81 President and ten directors and at
Their request sealed VOt" was taken, which
resulted IN icaily the unan imous choice Of
A. q. SpaliinG for President Tho vote for
directors had not been canvaHsed and was not
announced.
tn" meeting adjourned In tho best OF spir.
its subject to the call OF the Chair
C. W. DICkERsoS. Secretary"