Bridgeton pioneer. (Bridgeton, N.J.) 1884-1919, 1899-03-30
WHOLE NO. 2646
A GLASS TRUST,
''"'a Jersey Hollow Ware Industry to be
controlled by One Gigantic Com
binatton

H Jersey Hollow Ware Industry to be
controlled by One Gigantic Com
| bination.
ne grass manufacturers in this section
Vi the state are engaged in forming a
trust lhat Will practically control the hol-
low ware industry of the East. 1t is in
ilne with the recent combinations of
capital along other lines.
AT meeting of prominent glass mann
iactnrers held last Monday, committee
was appointed to employ connse, n for
iiiuia'e plans for the proposed consolida-
ton of the plants.
An aoJourned meeting of the manufac-
turers was held yesterday at the offico ~
the More-Jonas works. at which n,aro
present representatives fromthe Cumber.
lano ana More-Jonas works, this citv.
M. Bassett Co., Elmer; Jefferis Glass ~
Falrton, and the George Jonas works
Minotola.
waiter IL. Bacon, the prominent cor.
poration lawyer, the counsel emploved
oy the committee, was present. and snh.
mltted in detail plans for consolidation
Inc proposed plan is to form a new COR
poratlon with capital of not less than
one million dollars, under the New Jor-
sey laws. The new corporation will than
purchase outright, all of the plants rep
iesenteo at the meeting, and such other
piahts as they may deem it desirable to
acquie.
IL Is limited that there are other com
panles that will undoubtedly ioin the
trust, but for the present their names will
be under cover.
The representatives of the var;ons
plants mentioned above have fullv deter-
iiineo Il 10 form the combination upon the
hhe OF plans presented by Counsellor
bacop. There is vast amount of detail
connected with the matter: The varions
plants will have to bs appraised that the
vaIue can be ascertained; the consent of
the STOCKHOLDERS of each company must
De optalned for the combination of the
various interests, and the future course of
management of the gigantic concern must
oe agreed upon, the corporation actually
formed, the officers elected, and the policy
OF the concern fixed.
The causes leading up to combination
OF these factories has been the extreme1v
sharp competition, and the putting unon
the market of vast amount more of glass
than there has been actual demand for.
Ihe proposed com bination will have
the effect of cheapening the product bv
reason OF reduction in expenses of men:
giving better opportunities to purchase
suppiles In large quantities. and conse-
quentiy at less price; enable the corpora
tlon with more certainty to carry out
contracts, having more factory capacity
to draw upon; giving the management of
the com mbination an opportunity of max
ing certain kinds of ware in the various
plants, and not requiring all lines to be
manufactured in one place.
The Combination when finally affected.
VIII practically control the glass industry
OF the East, and make it possible to com
plete with the West, where there is free
incl and many other advantages not en-
Joyed in the East. What effect the con-
solidation will have upon the pending
question OF labor organization is only a
matter OF conjecture. All the plans thus
far proposed by the labor element have
been to deal with the manufacturers. in
dlvidually, and it would hardly be prob
able that the individual companies could
assure the organization of workmen as to
the policy of the new corporation.