New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-06-27
BICYCLE TRUST OFFICERS.
@. sPALDING, OF NETWORK TO BE
PRESIDENT
.,,,,. co>crpxs IN TIE coMBINATIoN-BRANcH
STORES MAY BE DISCONTINUED. But RE'-
,.,,p Admits WILL. BE RETAINED.


r1AR AGENTS WILL. BE RETAINED
Tho official announcement was made yesteiu"E
.ha, the American Bicycle Company sometimes
-, ,ho "h,cvcIe trust" had been consummateo
rho n,anufactuprs were in this city severai Gays
lac, week the meetings being held at the "aiuo'i
Astoria The main offices OF the company "
after will be I'm the Vanderbilt Buluins,
force of clerks Is already at work Inc o"io"'
document issued yesterday says that the concern
oil, do much TO discourage the maintenance OF
branch stores in the various cities but that II -
mot the intention OF the company to abandon tne
hIcycIe agents who have for years been the local
distributing agents for the large manufacturers
There has been considerable conjecture as 10
what the ultimate outcome of the organization VIII
h MANY NJ the principal movers In the combination
are not inclined to say what the company INTENDS 10
do A. c. Spalding. who has been the principal
figure IN the negotiations, does not care AT 'nis
time to discuss the matter in detail inquiries
made yesterday as TO when the hnanciers wou'u
meet and prepare plans for future action brought
ont the informatio that nothing further was 10 De
discussed at this time.
The company II Is thought by many WIN
ultimately control the cycle output OF the world
Dealers spoken TO yesterday were OF the OPINION
that the consolidation would do much TO put stop
TO prlce-cutting and to kindred evils OF recent
years, which some people think nave peeh seNe'e
drawback to the Industry as "A whole.
The Committee on Domestic Sales has recon-
me nded the concentration of branch stores In dIer
ent cities and their retirement as fast as practical
BILE from the retail field leaving this business to be
conducted by the regular retail agents and dealers
Tho committee also strongly recommends mat all
agents throughout the country who have been ictn-
tilted with the trade and some particular ncei Ie
retained and. in fact every thing possible be done
that Will be to the advantage OF the agents 'hu
rake their handling Of the goods manif4ctu'eu
heretofore by the different concerns that will form
tho a satisfactory
able as possible The general idea OF the report Is
that for the coming year little change az posslpie
shall be made I'm the present method OF disuiod'"e
the goods This will doubtless be reassurlhs LOWS
to the trade at large. as there had been some ap-
prehension that the new combination woul1 tnder-
take 10 sell It's wheels direct TO the rluer mus
throwing out OF business a large number OF agents
who have pushed the sale CT wheels
The bankers who have undertaken to finance the
company and who will have the selection OF the
officers for the first year desired IN expression
from the manufacturers as TO whom they wouIu
| recommend for the offices OF president ana ten
| directors ard at their request a sealed vote Mas
| taken which resulted In a practically UNANIMOUS
| choice OF A. G. Spaldng for president Inc vote
for directors had not been canvassed' ana 80 was
not announced.
| At the last meeting Mr.. Spalding made com
nIete report OF his work IN connection With the
combination explaining in detail the various steps
| that had been taken and the obstacles that hau
| heen met and overcome. The report was enthnsl-
astically received and Endorsed by the meeting DIS
| indicated by the following resolution:
| Resolved That all who are present at this meet
| trH for themselves and the corporations or nIns
which they represent, desire to express 70 i,ipeI
G Spading their appreciation of the ability ana ana
| Ssirness exhibited by him in forming this comolna-
tion OF bicycle manufacturers. AND turtner az
preciating the immense amount OF labor. Invoclns
ppersistcn1 and unremittng efforts for many con- on
iinuous months now congratulate M M" '"a' N''
| initial labors successfully completed.
aiF pleased
at this Endorsement Of his efforts. ana was es-
ec,aIlv pratined to feel his part Of rhe Work
! had been completed and that he would now De re-
Heyed Of his individual and persona bo
| from now on he would represent to the Oest oi
| his ability their chairman, ~ , ,ooo necessary
TO proceed with the concerns already closed Win,
az il was al lmpossiby to consider tne osnGr OFF IF
tb iUl'S new wv company was completed <.u,. no.
,i SIes and Foreign Trade were appointed to
nrepare plans for the future work or me G9,npd NJ
EaSn Subjects and these reports will be ampi-
| fed and will be presented 10 Inc oi"'' - Wv
new COMPANY IN the combination and their rep
| resentatves are as foiic"s'
Ames Eros; S"TtlF e;a # Am snd R. b Nc
American Saddle co''''.''''A Mullen
,, Mfg Co............. James G. Reber
B BnrHf' ME- ICE George Black and w T.
pnra,o Cycle Mfg. CONF. - Atherton and George
csr ~, y 5 52sst8fd and W,
Cation cycle co.............G George, b Cotton.
CSS%s1i; Machine Scgss Screw Cox l. Moor. NJ
n.xo. Mfg co......c. g Dikeman and A. F.
FanH sasn. GH5lS CO. Fea'hersoHe and
e: s3n sff s. + $;$sI!s
|
H,fi s sassf' af T''s' s%S co"
E"ais%s',S oy!| Ss S.is. 'y'' and
InSisnsRq' Co CHAM @n C. Newly and Charles
1ozer co.........H 4, Lo1sr. II 49, A. Loaier
Lamb Mts xii B n5 i SsSEn.
AoI d Me ceis Mig Riser and Chandler
,uwsuke. Engineering Co. II; starlwea'her and ]
,".ns.. Me co...r. Ii i R Ro9t and w. Green
N N1t,s B Srs Wheel Col, P pevins
R SSss % S@4 Mis Co. y :i'f@'&s
SHELBY cyels M, e.. cC cc6 " y s So%G
stOyer B,cEels a sass co.c smith r. P Tell
c steaJns co......::.HH & s Mssiin.
"S .5S 81 g. dsnd H. Eos
viking Mfg Avn A. r Coleman and otto Tn
White Sewing Machine Co. '" l. ""''''
, WANT TO STRENGTHEN BOROUGH PKhs'
DENTS
> Al tho semi.annual meeting OF the Good i'oau
Assocation which was held last night ~ oc""a
! bachs Hall Flatbush-ave. ana Maaoon
! prooklvn Albert II. Angel, the acting pieS'ue
, i.,.a,od thar ~ those who In favor OF aInehu
E ,my The charter so as to give the borough pres
dents more power than they now possess such
~, a,,empt TO have the Legislature pass SUI
an ma a. ,r"nt the Good Roads Association WIZ "
give them all the influence wnSh Prapsdsnt GroC
some time ago chafed under the nact w s,,nno,