Evening journal., 1899-08-12
ICE TRUST UNDER WAY
American Company viii Buy
Others III Larger Cities.
LOJAL CONCERNS NOT CONSIDERED
AS THE COMBINED YEARLY OUT
PUT OF 10000 TONS WOULD BE
TOO SMALL FOR THE TRUST.

PUT OF 10000 TONS WOULD BE
TOO SMALL FOR THE TRUST.
Local ice companies have not been
considered as yet by the American Ice
Company, which has a capital stock Of
$50 600, 900, and it is generally under
stood that the concerns in this city
will be the last to join.
At the Office Of the Diamond Ice
Company this morning Alfred D. War
ner stated that his company has never
been asked to go into any trust, and,
in fact, he did not think the American
Ice Company had ever considered VIII
mington, as the company is only seek
ing large cities. When asked If the
Diamond Ice Company would sell, he
stated that it would, provided enough
money were offered.
Harry L. Stradley of the Consumers
Ice and Coal Company, stated that the
Officials of that company had not been
approached on the subject, and did
not think they would be. All the COM
panies here combined have an output
OF only about 10000 tons each year,
and that is too small an amount for
the American Ice Company to look af-
ter at the present time. He also stated
that his company would join or sell
providing enough money was produced
1t was admitted yesterday that the
American Ice Company, which has an
authorized capital stock of 100000, 600
lequaly divided into common and pre-
lferred stock, had obtained control OF
1.-THE stock of the Consolidated Ice Com
ipany, of New York, and of the Knicker-
booker Ice Company, of Maine, and
that rapid strides were being made to-
ward carrying out the project of es'
ltablishing an ice trust. Each of the
two smaller companies has s1O,O00,O0C
lcapital.
Shares Of the Consolidated anC
Knickerbocker companies have beer
Exchanged for like number of shares
OF the American Ice Company, an'
lsoon steps will be taken to reorganiz
the boards Of directors of the two sub
lordinate concerns. 1t is probable tha
1.-The same plan will be pursued with al
/ 1.-THE other companies, which it propose
) to bring into the combination. A ma
jority Of the shares of each smalle
2 company will be held in the treasur
l OF the trust.
Promoters of the trust have beei
quietly at work during the last FEY
= months buying up the control Of con
? Germs elsewhere, and are said to hav
acquired the Washington, Philadelphi
and Richmond companies anon
others. They also have their eyes o
Chicago, Boston. st. Louis and mos
e of the larger Eastern cities
Efforts were made TO obtain char
ter for the trust under the laws 9
Maine, but they failed. The purpos
S was to get control Of all Of the avail
r able ice producing rivers Of that stat
Z shut out competitors and get the priv
d lleges that no other company could oil
T. ltain. The Consolidated and Knickel
: booker companies control a large PAL
OF the territory already.
y The American Ice Company, ineol
Iporated on March IL last, under th
= laws Of New Jersey, has wide, SWEEP
e ling powers which enable it to do a
y most any kind Of manufacturing,
build railroads, run steamships, estal
I, ,llish banks and engage in many oth'
s industries. The incorDorators wei
e John R. Bennett, E. S. Monical, ,Charl'
a Devoe, Peter J. Shields and job
= Bauer.
Since its incorporation there ha'
" been well defined rumors that Il
y Rockefellers wese interested in Il
scheme and were preparing to contr
the ice business in all large cities.