The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1899-08-08
FOREIGN MADE GLOVES
Will Be Crowded Out by the Newly
Formed Glove Trust.
TO SEEK FOR FOREIGN TRADE.

The Trust Expects Not Only to Man
ufacture All the Gloves W orn in This
Country, But to Sell Abroad-The
| MIddleman Suffers.
New York, Aug. S.-The Times says:
! The formation of glove trust Is as
sured. Its creation will mark new
| era m the glove trade of the country,
because not only will the members
engage In the manufacture of ladies'
hne gloves, not heretofore attempted
In this country on large scale, but
they will make strong bid for foreign
trade, which they believe will be sue
cessful. = Nd
Charles d. Pain, of Chicago, attorney
for the American Trust and Savings
bank, Of Chicago, which is furnishing
the capital and accepting the options
In the organization Of the glove trust,
is in New York. He said to a reporter:
1T Is quite true that we are organ
izing a glove trust, and matters are
SO far advanced that while the con-
tracts do not call for the taking over of
shall take 1t over In November.
Our plan of organization will be en-
tirely different from that of other COM
binations. We have been at work for
six months, and our main aim has been
not only to secure the biggest con-
Germs in the country, but to retain at
the same time the services of the per-
sons now operating them. We have
succeeded in interesting the manufac-
turers, and all of them regard our
policy with great satisfaction. Many
OF them have already signed contracts.
The financial headquarters of the trust
will be in New York city.
1.-THE formation of the trust will
mark a new departure in glove max
ing in America. For years we have
been importing ladies' gloves, very few
of which have been made here, to the
value of $1,0OO,0oO a year. We believe
we can make Just as good, if not a
better article, and hope to obtain
nearly all that business. We propose
also to build up an export trade. Only
few years ago the idea Of exporting
leather, steel, locomotives and many
other products were laughed at, but
we are doing 1t very successfully, and
we are satisfied that we shall have no
difliculty in selling our gloves abroad, |
If we make the proper kind Of goods. |
We are satisfied we not only can make |
goods to suit those who have bought
the imported gloves here, but also can |
undersell European manufacturers
abroad.
"Of course the main purpose of the
trust is to eliminate the expenses of
manufacture and sell wherever pos
sible. Instead of sending 50 drummers
to one small town we shall. send one,
Instead of running four stores in New
York one will be enough. Just now
from 800 to 1900 different styles Of
gloves are made. Under consolidation
this number can be immensely re-
duced and vast sums can be saved.
For years the manufacturers have
received less than 10 per cent of the J
net profits of the glove trade. The bal
ance has been divided between the
jobber and the retailer. The jobber,
too has been source of much ex-
pense, as in many cases the manufac-
turers have had to advance the capt.
tai to carry him along, and this has
been great hardship. Profits which
heretofore have gone to the non-pro-
1ucing middlemen will be saved, and
we believe that the trust will result in
saving to the consumer at least 10
Der cent in the price paid for goods"