The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1899-08-08
FOREIGN MADE GLOVES
Will Be Crowded Out by the Newly
Formed Glove Trust,
TO SEEK FOR FOREIGN TRADE.

Tho Trust Expects'Not Only to Man
umcturo All the Gloves Worn In This
Country, But to sell Abroad-The
MtddIcman suffers.
New York. Aug. s.-The Times says:
The formation Of q glove trust is as
sured. It's creation will mark a new
era in the glove trade Of the country,
because not only will the members
engage in the manufacture Of ladies
fine gloves, not heretofore attempted
in this country on large scale, but
they will make strong bid for foreign
trade, which they believe will be sue
cessful.
Charles e. Pain, of Chicago, attorney
for the American Trust and Savings
bank. of Chicago, which is furnishing
the capital and accepting the options
in the organization of the glove trust,
is in New York. He said to a reporter:
at is quite true that we are organ
izing a glove trust, and matters are
so far advanced that while the con
tracts do not call for the taking over OF
the property before Jan. l, 1900, we
shall take if over in November.
"Our plan of organization will be en-
tirely different from that OF other COM
binations. We have been at work for
six months, and our main aim has been
not only to secure the biggest con-
Germs in the country, but to retain at
the same time the services OF the per-
sons now operating them. We have
succeeded in interesting the manufac-
turers, ard all of them regard our
policy with great satisfaction. Many
of them have already signed contracts.
The financial headquarters of the trust
will be in New York city.
"The formation of the trust will
mark a new departure in glove MAX
ing in America. For years we have
been importing ladies' gloves, very few
of which have been made here, to the
value of 81 100000 a year. We believe
we can make just as good, II not a
better article, and hope to obtain
nearly all that business. We propose
also to build up an export trade. Only
a few years ago the idea of exporting
leather steel, locomotives and many
other products were laughed at, but
we are doing it very successfully, and
we are satisfied that we shall have no
difficulty in selling our gloves abroad,
if we make the proper kind of gods.
We are satisfied we not only can make
goods to suit those who have bought
| the imported gloves here, but also can
| undersell European manufacturers
abroad.
"Of course the main purpose of the
| trust is to eliminate the expenses OF
manufacture and sell wherever pos
sible. Instead of sending so drummers
| to one small town we shall send one
Instead of running four stores in New
York one will be enough. Just now
from 500 to 1900 different styles oi
| gloves are made. Under consolidation
| this number can be immensely re-
duced and vast sums can be saved.
For years the manufactures have
received less than 10 per cent of the
net profits of the glove trade. The bal
ance has been divided between the
jobber and the retailer. The jobber
too, has been a source of much ex
pense, as in many cases the manufac
turers have had to advance the capi
tai to carry him along, and this ha
been a great hardship. Profits whicl
heretofore have gone to the non-pro
ducing middlemen will be saved, an(
we believe that the trust will result II
a saving to the consumer at least II
per cent in the price paid for goods.