The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-01-03
A GIGANTIC PAVING TRUST
IT'S OBJECT TO CONTROL THE OUT
PUT IN THE UNITED STATES.
1t Is Expected That the Price of the
Product VIII Take an
Enormous Jump.

Chicago. Jan. 1.-The gigantic paving
brick trust. which seeks to control all the
paving brick made in the United States,
will be organized in New York about
Jan 4.
The meeting Of the manufacturers and
promoters of the trust vii. be held in the
metropolis the first week in next month,
and as all the details have been worked
out, is is expected that the organization
will come into existence at this meet
ing.
1t is likely that D. V. Purinton of this
city president of the big brick company
which operates at Galesburg, ILL.,, will be
the president of the trust. He has been
one of the chief promoters. and is an ar
dent believer in the feasibility of the pro-
ject, and believes that to maintain the
paving block industry in America on a
successful basis and compete with as
phalt and other paving material a close
organization must be formed.
The trust will likely be incorporated I'M
der the laws of New Jersey for something
like sac. ,O00 The options on all the paw
ing brick manufactures have been signed
and are now in the possession of P. G.
Kipp of Massillon, who is cooperating
with Mr.. Purnton in the cosummation
of the project.
There will be no curtailment of the out
put of any factory. The consumption of
paving blocks in America is so great that
nearly every factory in the country is
being operated to the limit. and in many
instances the output has been sold for
months ahead. The price Of paving blocks
in some instances has been less than 81
per thousand, when to pay the employees
fair wages and make a nrofit paving
blocks must be sold, it is said, at not less
than $40 per thousand and it is expected
that in the new method of doing business
the price of brick will be advanced to the
last-named figure.
An important feature of this organiZa-
ton will be that which has reference to
contracting. There will not be the COM
petition that has characterized the bust
ness heretofore, but in one section of the
country certain contractors will have the
| work done and thus prevent competition
| The combine will include some of the
| largest contractors in the United States,
| among them being John Mack of Phila-
| delphia, millionaire owner of many brick
| plants and a contractor on a very eX-
! tensive scale. F. l. KipD Is also a con-
| tractor and is well known all over the
country. ]. C. Bolen of GAINESVILLE, Ohio,
| is an extensive contractor, as is also the
| Townsend company, which is one of the
largest contracting firms in the United
States and has done public work all over
| the country.
| 1t is stated by those on the inside that
| the headquarters of the company will
be in Chicago, where Mr. Purinton re-
sides and has the headquarters of mis-
extensive business, and it is also stated
that while many Eastern people are inter
| ested in the project, Chicago capital will
figure largely in the deal. The options on
the brick plants in the United States eX-
pre in June, but it is stated that at the
meeting to be held in New York next
week the deal will be consummated.