Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-10-12
HUGE TRUST IN SHOE TRADE.
The Standard Machinery Co.-To
Control the Worlds business.
New York Herald)

Articles Of incorporation were yester-
day filed at Trenton by the Standard
| Shoe-Nachlnery Company. which Is being
organized for the purpose Of console
dating practically all Of tho important
makers Of shoe manufacturing machine
ry i'm the country.
This new trust is the creature Of the
interests which were recently successful
I'm forming the American Hide and Lea
Their Company commonly known ms the
Upper Leather Trust and is part Of
scheme to make close combination OF
the shoe manufacturing interests of the
country, with a view 10 controlling not
only the domestic trade. but the markets
Of the world as well. Thomas II. Ryan.
Of No. 10 Wall Street, who was the ac-
tive promoter OF the upper-leathor comb-
nation. occupies the same position to-
ward the new company
AFTER WORLDS SHOE TRADE
It is said TO be the scheme of the shoe
trade interests who are behind the COM
bination Of machinery 90 follow
this company with a combination Of
practically all the boot and shoe manu-
facturers ir New England, about one
hundred and twenty-five I'm number, and
10 consolidate this with the American
/ Hide and Leather and Standard Shoe
Machinery companies. making "a gigantic
trust that will try 20 control the shoe
trade Of the world
When this general scheme was con-
ccivcd several months ago. steps We're
taken 10 bring the shoe manufacturers to-
gether into a trust, but il was soon found
that little success could boz secured Iy
ton OF the makers Of shoe mach ucry. 20
whom royalties would have 90 De paid.
and with whom lay the power 10 mo any
time ruin the m1nufactIrers' trust. Con-
sequently the shoe trust project was
dropped for the time being. and work
was begun upon the shoe machinery peO-
pie themselves.
TO ENTER THE COMBINATIONS
The now Standard Shoe-Alachinery COM
pany will acquire the following concerns
and patents The Woodward Manufac-
turing Company. including us patented
machines for heel work. the Bay state
Shoe Machinery Company. including IT'S
patented machines consisting Of welt and
turn machine. lOck-stitch stiff cher. well
beaten welt skivor bOhbin W.nder. welt
bevellor and grower rough roundor anu
stitch-indonting machine. and sole-l1yine
and sOle-levelling machines, BuZzel s
patents for a Sprng-hcc machine ana
for heel-brc1~ting machine, tho SHINING
Lasting Machine Company. including itS
patented lasting machine. also patented
i'm England. McDowelfs patents FOR "a
heel and sole-trimming machine.
The company H. capitalized az 2."1V0
per cent. cumulative preferred stock
preferential as 10 capital as well as 10
dividend and 100000 common stock.
There will be- retained I'm the company's
treasury for future acquisitions 100000
each in preferred and common stock.
Directors and managers of the new
company win Doe as follows: +. y. Beech
or. Diamond Match COMPANY Westville.
Conn: B. +. Suinney. 'hoe-manufacturer
of Norway. Ne. and Lynn. Mass and
president of the National Security Bank
of Lynn. !. y. Smith retired shoo-manu-
facturer of Lynn. Mass. w b. Hosmer.
president OF the Bay State Shoe-Alachiuc-
ny Company Boston. H. T.. B0thhcld.
treasurer Woodward Manufacturing COM
pany. Boston: Thomas g. Plant shoe
manufacturer Boston: w. W. Spaulding.
shOe-manufacturer Haverhlu. Mass: j.
Stuart Rusk, of Gilman * Rusk. lawyers.
Boston; r. f.. Spencer of Hamilton
Brown Shoe Company So. Louis. Elihu
Thomson. Of General Electric Company
Swampscott Mass: i. W. Curtiss. Of
Curtiss. Jones & CO.. shOe-manufactu-
rers. Reading. Pa; T.. =. Reed. shoe
manufacturer, Rochester, y. Y. and r.
@. Pingree Of Pingree & Smith. shoe
manufacturers. OF Detroit. Mich.