New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-09-01
BICYCLE TRUST COMPLETED
A. G. sPALDING ELECTED PRESIDENT
OF THE COMPANY.
A PERMANENT ORGANIzAT1ON EFFECTED
FORTY-FOUR CONCERNS. REPRE-
sENTTNG FIFTY-sIX PLANTS.
JOIN HANDS


sENTrNG FIFTY-sGX PLANTS
JOIN HANDS
The permanent organization Of the American
B,cvce Company. sometimes called the Bicycle
Trust" was effected at a meeting II those con
cerned yesterday The organization has h'en COM
pleted on the lines already printed 'n The Tribune.
with A. c. spalding president only ten OF the
necessary fifteen directors have been elected.
The names Of the other five VIII oe announced
later The manufacturers and bankers have been
i'm consultation for several DAVIS I'D thlS CITY ""r
nothing definite was agreed upon until yesterday
when tho biggest bicycle deal ever attempted was
carried through successfully Tho chances arc
that now tho officials viii get to work and pre-
pare all Of their pans for next season ana mo nh-
certainty which the industry has been In Tor
several weeks viii he straightened out
II has been conceded for a long timo tnft inc
bicvcle Industry would be Of the most difficult
trades 10 hiring torother into one concern. and
when the scheme was first preached by MT SP'Iu-
ing even his friends laughed 1t the idea huinoIS
have been printed nearly every day in s'h7 quar-
tiers that the trust had exploded. ht in" MAKERS
were worAiug an the time and paid niue aOen-
tton 10 such stories The oh-tructions placed IN
the path ~ the promoters have been overcome.
ENORMOUS EXPORT OF WHEELS
II is announced that the export ~ bicycles from
tho United States in tho last two years exceeded
&, ,sluo the total exports ~ an kinds ~ aer-
cultural implements. and aside from the iron AND
steel goods bicycles head tho list az manuia'tured
articles There are few. II any, industries IN ms
country moro FULLY protected hy patents IMAM me
bicycle business As tho new company comes II''
,os.ession NJ nearly ono thousand patents. th's
Will he an important factor In th" trade ~ is
natural TO suppose that he company Will pursue
an aggressive policy in protecting those patents
and demaudia- O. proper recognition ~ them
For the purchase Of the various plants 20 belong
10 tho trust. which include those Of about all me
Oldest and most prominent hicycle concerns IN ,hc
United states. there VIII be issued Sl'v'''" 81 %
pc- cent twenty year gold debon'ure bonds. Sl'-
oo1oo ~ = uer cent preferred stock and 100000
Of common stock. leaving IN the treasury ample
means for the purchase Of such additional plants
rs may be desirable ard for The extension OK the
husintss. especially IN foreign countries
The manufacturers have taken all Of the $1,000
on preferred stock and the so 10000 of common
stock and have subscribed for substantial part
Of the debenture bonds. Tho manufacturers are
enthusiastic about The future prospects Of the
company. and most OF them announce their lnten-
ton OF holding their stock and bonds as perina-
Tie oficers elected yesterday were as follows.
Albert G. SpaldinG president. colonel George POPE
resident; a j.. Ciarford treasurer. C. " Dickor-
son. secretary; directors Albert q spa,i,ding "a
FeathCrstOne Chicago; x. L. Coleman, New-l oI X
CIV: j. W Kiser. Chicago: y. O. Stearns. Syra-
cuse y. Y; r. s. Crawford. HaCerstowp. Mo-
Charles l. Amos Chicago. r. Philip Gormully.
Chicago, and Harry \. bozer, ST.. Cleveland ONO.
CONCERNS N THE TRUST
The following concerns have heen bought by and
have become part Of the company: Acme Manu-
featuring Company. Reading. Penn; American
Saddle Company. Cleveland, Ohio; Amos e Frost
Company. Chicago i'll: Barnes cycle Company
Syracuse. y y BLACK Manufa curing Company
Erie Penn. Buffalo cycle Manufacturing Com
pany, Buffalo. y. y: II. a. Chrsty & Co.. CHI
cago. ILL.,; Cleveland Machine Screw Company
(stee ball and Stamping departnenD, ClcFcithd
Ohio; Cotton Cycle Company. Iotdo, ONO, 1 KY
ford Manufacturing Company. Haeeisto"n No.
Columbus Bicycle Company, columbus ONO, an
| nug cycle COMPANY. Chicago. I'LL. a. Feather
Company Elyrla, Ohio; Geneva Cycle COMPANY
/ Geneva Ohio; Gonnu.y JefeTy Company, chi.
/ Rapids. Mich; Hart Cooley Manufacturing Com
/ paiy Chicago Ill.,: Hartford cycle Company
! Hartford conn; Hartford Rubber Works, Hart
! ford. Conn; Indiana Bicycle company, Ihll IAN
! anolis Ind : Indiana Novelty Manufacturing Com
/ pany. Plymouth, Ind; lndianapohs CnaIn an
! Stamping Company Indianapolis, IND Ii,dial
| Nanufacttring Company. Chicopes Fails, Mass
/ II A. Lozier & Co. Cleveland. onto A .. Nle!se,
/ bach, Milwaukee. Wis; Milwaukee Enslil tf ~
! Company. Milwaukee. WIS NllWauhee manu-
/ featuring Company milwaukee,, WIS; MonaTct
/ cycle Manufacturing Company Cn'cago,- ~.
! North Buffalo Vice. Company. Bunalo' y D.
/ peoria Rubber and Manufacturing company
Peoria ILL.,, Pope Manufactrrng ,ompal ~ ,'"l ,
! ebelhv ohio. q j. smith & Sons Company. Mil
! waukee Wis. =. Stcarns a. CO. ~ use ~.
Sterling Cycle Woke. kenosha' 49,, nm
/ syracuse Cvcle Company. Syracuse. y y, Ceore
/ /, Thompson Manufacturing 'pmIa ny, -Hl,oto
III; Viking Manufacturing Company Toledo. ono
| Western wheel Works Chicago, Ill.,, ana Whit
Sewing Machine Company (oicyce oep''H"'nJ
/ Cleveland Ohio.