The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-08

stock employed In the state in mining
or manufacturing. Last year the total
NUMBER or miscellaneous corporatians
assessed was 5,188, and the aggregate
capitalization of these assessable cor
porations T'a5 over 81, SIG, 900 000
The companies exempt here are chief
ly the smaller ones, having an author
lied capital stock of 5000, 900. mere or
less. None Of the big trusts !ncorporat-
ed under the laws Of the state has ever
come to New Jersey and put UP large
works here, although a few have alb
sorbed plants already in existence The
American Cotton Oil company. with a
capital stock of $50, 600, 900, has less than
100000 invested in New Jersey. The
book trust, incorporated as the Amer
lean Book company, with a capital
stock Of $5,000,000, has not a penny in
vested here. The same is true OF the
American Mating company, with a.
capital of $26.00O.00O.
NO MONEY INVESTED THERE.
Neither has the American Tobacco
company, with capital stock of $29,-
$500; the Glucose Sugar company, re-
lining, capital 600; tine National
Lead company, capital $780, 000, 900; the
Standard Distilling and Distributing
company, which recently absorbed the
western whisky trust and now sub
the United States, with a capital of
ga 900; the Standard Rope 6, Irvine
company. capital $12 900, 900; the United
States Leather company with a capital
of S125,O51 300; the Union Typewriter
company, capital s1s.O15, 900; the Amer
tai Of $500, 000. 600; the American Thread
company, capital $12,000,000; American
Linseed Oil company, capital S33, $780,
100; International Silverware company.
capital $40, 600; National Biscuit
company. capital So, 200, 900; Otis Eleva-
Tor company, with capital of s11,OOO.-
600; the United Breweries company,
capital $5600,000; Continental Tobacco
company, with capital of s75, 900. 900:
the American Indies company, with a
capital of $1S,O0O.OO0; Anderson Safe
float company, capital stock $15,000.-
oeo; Atlantic Snuff company. capital
stock $10,00O000; the American Fish
cries company, with a capital stock Of
$40, 900; American Steel & Wire COM
pany, capital $50, 900, GOO, and the Press
ed Steel Car company, with a capital
stock Of $25,ooO.9p0.
SOME OTHER TRUSTS.
These trusts have nothing whatever
invested in the state. Then there are
such trusts as the Trenton Potteries
company, with capital Of $27, 600, 900;
the electric light trust, known as the
Electric Company of America, with a
capital of S25, 900, 900; the United Heat
ing and Lighting company, the trust to
control oil lamps, capital $12, 600, 900, all
Of which have some capital invested In
the state. The American Sugar Re
lining company, with a capital stock
of $72, 5O6, 400, has considerable property
along the Hudson, and is said to con-
troll large refinery at Camden, in
this state. Less than so per cent. of it's
capital, however, is invested in New
Jersey. The United States Rubber com
pany has a capital stock of $39, 1913, 500,
but has only $2530O0 invested in the
state.
There are also many concerns which
are trusts in their way. Incorporated
under the laws Of the state. having
nothing invested here, such as the
American Soda Fountain company,
capital So, $50, 900; American Steel Cast
ing company. $4,000, 900; H B. Cla1in
company, $4,000, 600; Hecker-Jones Mill
ing company, Jewell, $4,000, 900; Her
ring-H all-Marvin company, capital. 3d.
100000; Haywood Bros. & Wakefield,
$6,0O0000; National Tube Works, SILL
81. 800; United States Playing Card
company, s3,OO1000. There are about
seventyfive companies In the state in
the miscellaneous corporations class.
having capital stock of over S2,G00,-
600, and about 40 per cent of all cor
porations have a capital stock of more
than S1,000,000.
THE STANDARD OIL COMPANY.
The Standard Oil company. existing
under the New Jersey laws, is not the
large trust, but only one of its links.
1t was originally known as the Stand
ard Oil Company of New Jersey and
had a capital stock of $1,000, 0G0. In
1892 the New Jersey was dropped
from the corporate title. The oil COM
pany's pipe line is incorporated under
another name. being known as the New
York Transit company, and pays tax
It's capitalization. The New Jersey
Standard Oil company has issued its
$10,000O00 Of capital stock and of this
amount $76S4.000 is invested in It's plant
al Bayonne, Communipaw and Jersey
City.
The other day in New York state, at
the meeting of the State Bar associa-
ton, at Albany, paper was read by
Charles F. Bostwick calling attention
to the fact that that state is losing the
benefit Of the many associations of
capital for industrial purposes, at least
so far as the Incorporation of COM
panies was concerned. He looked at
the question in legal light altogether.
showing that by the failure of the state
to provide liberal corporation laws and
lowering the fees to a reasonable figure
the lawyers of the state lose enormous
ly In business now secured by outsid-
'ers. 1t is believed that the present leg
islature of New York will devise some
means of correcting the corporation
laws so that capital secured In that
state for industrial purposes may re-
main there for legal protection in its
investments.
A TOreador's Record.