The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-04-16

dustrials, and must charge an increased per-
centaRe for carrying such as are already held.
trial combinations capitalized carefully upon q
legitimate basis OF actual, earning capacity.
has arisen the present furore in Industrial con-
solidation. II would he as idle. II not criminal,
the establ!shment q, such gigantic enterprises
as the packing establishments. the proprietor
c cbiaf S ol Which, ,rnn M hi AEbm nsInrs sa nn sSI u o ,nat m,i
from tbe refuse, 1t is within the memory. OF
every one rs young as the Boy Orator OF the
Platte-and they need not be so old-who has
seen life in country places and small cities
when meat, other than pork, was the rare
size the blood and yisccra Of animals slauGh-
into the CUTTERS and went to waste. Now at
the, great packing establishments. which N
en n@pe esfenee s SGe thG sam p Al ti1 fne dioPbSiooIdlo eSi
trails. hoofs. horns. hide. parts OF the meat that
oibs,o ones th ne MT AWAY ymSu At nS ose saGi larGfg from or aRe
pactip,e" house are derived. Beside this state
nov by the people OF country places.
Even in the danger Of decentralization OF
to be said: Few OF them issue bonds. The ex-
cepuons to this general statement lntely have
a. Gxed charge upon the earnings Of a corpora
ton. Stock shares. OF course. are not. The
corporations m1y 60 on at for years without V 70 earn NJ
bankruptcy. whereas II thew were obliged TO
pay interest upon bonds they would be forced
ecspitalization" this point has not been, dxelt
upon, So long as the stock shares are dealt in
purely as speculation the shares and the spec
ulators will take care OF themselves. II diyi-
S comes afe no II i9]rsRG nre foetb mo 9fS s't the WA ynln "e
Of the stock will be maintained.
As to the chances OF the Democrats succeed
ing in carrying out any antitrust legislation
teEsSsted in de cPns9IIdatea e2mpnniesdlirNr;
pose combinations is fighting a windmill" was
the remark of one, ,-
enough to believe that the rahid among the
population would have to have their medicine
and ar dd' tSat snt aet%re bhsy Fe nla%s Moafd H Ss passed SSadi
first. and repealed later, after the mischief in
tract guaranteed to the individual BY, the Con-
s%titutiop would, preserve the consultations:
trusts" the more rapidly the consultations
Increase.
THE RECENT INTERPRETATIONS.
The Sun last month presented some iIfor-
dustrial com panies called trusts. giving the
amount Of their capital. the objects OF their
formation and some general facts as to their
gate capital Of approximateIy siI:]ss2,a75.ooo:
the Industrial trusts, without reference to date
81 fti formation rInst 'nrn Ata dnri Of The lsas 9s sSoMsa nn s. Of
900 During January and FEBRUARY Of his
year foTtys,hree 1 mGrG were 1oiT re-; do T XIII
Ranging nnidiis q from or"'ss s., oo5.Go6 to S5.6oo.bb0o. we're ssfe
almost all Of the trusts are. formed. and where
during the month OF March there were incor..
tRSD sm Of e." general 2 nature E%m II trnsts m with G a
total capital Of 81 .Ii1.750.0OO for those, only
| nf 0ynr < nhO tAh nnnh Tho n u a m 90 nf on nj.
tai G authorii g@i for the fes entire 8 95o " was *, 4 ar%SD6.
Among these March interpretations the fol-
tion OF the high pressure tendency OF the pres
ent toward Industrial consolidation. all Of them
mer article: The American Brick. Company.
capital $1,000 600. formed to consolidn.e Fast
ern brick-makinE interests, especially along
Con 5anv. capital sao.o660.0So0ts, for the nroposed
consolidation, of the shirbuilIing industry Of
purchased properties in New York, Connecticut
pany. S85. 100000. to control property in Mas
sachusetts. New York and Rhode Island Inter
70 na3 conso,i S,ss% eon P%mn i GoYY e% YAK S%27 Ns@ .Te9.
sew, Massachusetts and Ohio which It is esti-
ma so, d3 90 ox nSr vent e. q b,f the dn SIsi nnsiDd in
the net earnings of which in 1919 were 81 BOO
900: American Ice Company, $50. OOn. 900. the
country tthe company which sought incorpora-
KEN seSo N fa,nG snme c !'I1lp 11%e So sT2ti o. AmS5.ca tn
make school and church furniture: National
salt Company, l2.000.O0O. to take over 90 per
cent. of the plants in this State which make
heat: Consolidated street Car Company. S1a.-
100000. to unite the street car manufacturers
Of the country. and the United Zinc and Lead
Company. SG0OO.oOo, for the consolidation Of
There was announced during the month tho
projected consolidation Of twenty-five Of the
thirty leading. upper-leathor tanneries in Hi
nois, Wisconsin. PENNSYLVANIA; MASSACHUSETTS,.
sey. with 100000 900 capital. under the title of
American Hide and Leather Company. The
organization was reported completed OF the
American thicyclel Saddle Com pany. to operate
sylvania and Ontario. Canada. with the pri-
mary purpose Of arresting. not by an advance
Of price. but by a reduction of eXrcnses. the
"calamitous conditions which for two seasons
capital invested. The pending consolidation
under the name American Steel Hoop Com
pnny was announced of plants at Pittshurg and
1R s,IsT rs III f;or nma !" nvd n.0bb y H. t SSti Sn"pSsn ta"l
Company. with which the relations of the new
company are TO he close.
The consolidation Of leading manufacturer
~ clay sewer pine. fire brick chimney tops and
Innings under The title Federal Sewer Pine Com
pany. capital S25.O OO. 900. was announced as
definitely arranged. Arrangements were max
ing to unite In the National Wooden Company,
az n companion to the American Woollen Com
rious Q Nncerns producing cheviots. cassimores.
clonkings. overcnatings and other products ri
carGed wool. The American Screw Company
form the National Screw COMPANY, with cant
tai OF SEQ O.OtD. TO take in concerns In Rhode
Island. Connecticut. Ohio. Massachusetts ILL
nois and PENNSYLVANIA. The American Sm"lt-
ing and Refining Comnnnv was Incorporated in
New Jersey with S65 NO 600 cnpitaI on April l.