New-York tribune., 1899-07-27
THE BICYCLE TRUST GROWS
1T GETS CONTROL OF ANOTHER TIRE
MAKING CONCERN.
THE RUBBER GOODS MANUFACTURING COMPANY
SECURES THE ENTIRE STOCK OF THE DUN
LoP CoMPANY-A MEETING OF THE Or
GANIzATIoN NEXT WEEK.

SECURES THE ENTIRE STOCK OF THE DUN
LoP CoMPANY-A MEETING OF THE Or
GANIzArIoN NEXT WEEK.
Those directly interested in the affairs of the
American Bicycle Company. sometimes called
the Bicycle Trust. report that they are entreiy
satisfied with the manner in which the consoli-
dation has been effected. While it is a difiicuit
thing to secure positive information regarding
the work which is being done. 1t can be stated
that another important deal was effected yester-
day by the bankers in charge of the manage
ment Of the company. At the office of the COM
panv Yesterday il was said that nothing OF pun
lie interest had happened recently, and that II
,yos uncertain iust when the next meeting would
be held From another source, however, 1t was
learned that a meeting will be held next week.
when the bankers as we'll the bicycle manu-
facturers will be present. 1t is expected that
A G. SpaIding. who originated the idea Of the
consolidation. will have returned to the city by
that time.
The deal which was effected yesterday brings
into the combination another important rubber
conopany The Rubber Goods Manufacturing
Company secured the entire capital stock Of the
Dunlop Tire Company Of this country. This COM
pany has plant in New-Jersey and is said TO
control several important tire patents which the
combination wished to secure. 1t is the American
branch of the Dunlop Tire Company, Of Eng
land one Of the most important concerns OF the
kind in that country. The Dunlop company has
been so overwhelmed with orders this year that
It has had the Mechanical Fabric Company as
ssting it in making tires. Last night IT could
not be learned whether the Mechanical Fabric
Company was included in the deal or not.
The Rubber Goods Manufacturing Company
now controls several bicycle tire companies. and
those interested in the formation Of the Ameri-
can Bicycle Company say that there can be no
possible hitch in the tire part Of the concern
The underwriters in charge Of the arrangements
are Charles r. Flint. Lee. Hggnson & Co., OF
Boston. the United States Mortgage and Trust
Company and Barring Magoun e. Co.
When the Bicycle Trust announced a
reality at the meeting Of the bicycle manufact-
urers at the Waldorf-Astora last week the
APPENDED companies were mentioned officially
as being in the consolidation: The Indiana Rub
Der Company, the Hartford Rubber Company
the Peoria Rubber and Manufacturing Com
pany and the Gormully & Jeffery Company.
There is still considerable speculation as to
how the officials OF the company will be select
ed and who ihey will be. Among those In a
position to know It is said that the president
VIII De "A. u VINO arranged all or the
preliminaries for the consolidation. Rumors to
the effect that there might be some opposition
to Mr.. SpadnS from certain manufacturers in
the West have been denied. George Ii. Day, of
Hartford has been mentioned in connection with
the office but those who say they are in the
confidence of the Pope interests say that Mr.
Day is not candidate for the Office. Mr. Day
has retired from the management of the Pope
Manufacturing Company to give his entire at
tention, 1t Is said. TO looking after the affairs
of an automobile company in which he is in
terested.
Others assert that the bankers themselves will
make the selection Of officers for the company
and that they are not likely to listen to any
the manufacturers, when seen yesterday, said:
tion meeting has been set yet, but it will
not think that IT would be wise to further delay
the thorough organization Of the company.
Most Of the large makers are now busy on next
do as soon as possible. do not believe that the
organization of the company will have much
effect on the bicycle industry for next year.
ready, and in some of the factories work is
l have talked with some of the more important
dealers OF late and that old feeling Of nervous
and uncertainty has entirely disappeared.
Most Of them report that they are doing an eX-
cellent business for this time of the year. The
country and seaside trade has been unusually
good the last few weeks"