The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1899-07-08
TRUST IN ENGLAND.
Organized Just Like American Article
Except the Water

New York. July S.-A dispatch to the
Tribune from London says
The complete success of John X
BartIett's campaign IN the EnSllsn
seed trade is assured When he came to
England five months 60 the managers
Of the Unseed and cotton seed crushing
mills and refnerles were eonlpeltng
sharply with one another and adopting
TO methods for MISREPRESENTATION he
has drawn 50 per cent OF this greaE
trade into an amalgaUated Co HIS
plan OF operations has been adopted by
a majority OF the trade, including al
the strongest companies and firms he
has made contracts with II corpora
ufOns and firms and purchased y n1lils
and u oil rehneries with plant business
and good Will
The British oil and cake mills. unli-
ted has been organized TO carry into
effect these agreements made BY MIN
and his brokers and conduct business
for the common advantage Of the ma
jority of the trade The share capitaH
and debeuture stock Of the cousoltda-
ted is e., $50 coo, but &5Ou.DDB IS re-
served for future development of the
business. The first issue. amounting
70 61 750. 900 Will be offered to the pub
lie next week G1,45oeo0 has already
been undsrwriEten and the remainder
will probably be covered in a few days
The British oil and cake mills. Irni-
ted. is an exact reproduction Of similar
amaIgamatiOns in America with the
single difference in detail that the stock
is not watere5- There has been no
over Capitalization. the good VIII Of the
business having been purchases on Q
hard cash basis Of actual DIVIDEND
earning capacity
The Strongest companies in London.
Hull Liverpool. Glasgow, Gloucester
and other Ceuters OF the oil seed IN
dtrstrr have sold out their business and
property TO the consolidated company
Of which Hugh Colin smith and the
chief managers Of the mills and rehuer-
les are the directors The business VIII
-2Tf for
the combined practical knowledge u
the directors Mr. Bartlett VIII pr0oa-
Div be vice chairman OF the new com
pany- Lord Vantage and ReglIla4Ad
AbIesuith are trustees for the deben-
ture stockholders
The new company IS neither a trust
nor a monopoly. but simply one q the
many Industrial amalgattOus when
are formed here as readily as IN AMER
ca English law sanctions such cons0t-
idatiOus and they receive the support OF
the greatest fnanciers and there IS no
popular agitation against them The
promoters Of the reorganization Of the
oil seed trade have been Influenced bE
the increased severity OF competition IN
the pure base of supplies and the disrEl-
button OF products and have taken con-
certed action to secure what they con-
slider a. fair trading profit The e0ns0Ll-
dated company viii be powerful enough
to control production but the natural
effect Of economies in the purchase 0E
seed the disposal Of products and the
Improvement of plants VIII be the pro
duction Of prices To the English Oh
trade
While allowing Mr. Bartlett to carry
out his own plan without modification
the British trade is acting entirely Tor
itself and Independently OF any Amer
can trade amaiganatI0u- There = as
YET no concerted action between the
trades Of the two countries nor any at
tempt to regulate prices By an inter
national trust or combination. Some
basis of common action may be arrang-
ed in the future.