Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-11-22
DIG TRUSTS BEING FORMED.
Makers OF Mowers, TiIine, Furniture,
and other Products To Combine.

tNeW York TimCs)
Never before were 80 many promoters
actively at work I'm this city as at pres
emit They are 20 be found I'm all the lead.
ing hotels. and an OF them interviewed
in tho past week expressed the opinion
that they are being seriously hamRered
by tho tightening OF the money market
Yet trusts are forming that VIII require
enormous sums 20 finance.
1t IS no easy matter to pick up $50 O00-
600 when sou want it," remarked George
%. Loving, VINO has about Perfected the
cattle trust.
Tho manufacturers Of causuc thing ex-
pect 10 complete tho organization OF
trust I'm this city this week. with a capt.
tai OF $4,000. There are fifteen con-
Germs I'm the country I'm the business. and
the proprietors havo practically agreed
upon the terms. Prior 10 1873 no caustic
thing was manufactured i'm America. bat
after the exposition az Philadelphia seve.
raj persons starred plants. the first OF
these being that OF the American Encauss
tic Thing Company, with headquarters at
Zanesville, o.
Manufacturers OF thraahng-machines
have undertaken 10 form trust. and the
prelimnaries are IN the hands OF an In
dlanapolis Promoter now in this oity.
The claim is made that the business has
been very Improbable OF late because OF
tho extended credits and tho irrcspOnsi-
bility Of many purchasers An engine and
thrasher cost from s2.000 20 $3.50. There
are ten plants in the West. the leading
concerns being located az Canton. O.;
Mansfield. o.; Racine. WIS. aud Chicago.
I'll.
Western promoters are here endeavor-
ing 10 bring about "A combination Of tho
mower and reaper interests OF the coun-
Try Tho attempt was made some time
ago. but did not succeed. so IL Is alleged,
because OF misunderstanding between
the Deering and Mccormick interests In
Chicago. The principal concerns are the
Walter A. Wood COMPANY, OF HOoHick
Falls. y. y; tho Mccormick and the
Deorlng companies. Of Chicago; Bufhnell,
Warden & Glessner. OF Springfield. O..
and the Aultmab-Miller Company, OF
Akron. O. The capital stock IL 20 be-
$50 100000 one Of the gentlemen engaged
I'm promoting the trust expressed his be-
lief 90 a Times reporter yesterday that
the prospects favor on early conmmma-
ton OF some Of the plans In hand.
Manufacturers Of hardwood furniture.
whose plants are situated along the, Ohio
river between Pittsburg ana CINCINNATI,
expect % perfect a combination IN few
days along the lines suggested by Mr.
Huest0n. Of Columbus. and j. W. Jones.
Of New York options have been obtain
cd on several OF the twelve plants About
the only hardwood On this country east
Of the Rocky mountains Is grown IN West
Virginia. near where factories are stu
ated Much OF this Ga shipped 10 Grand
Rapids. Mich. the real centre Of furni-
ture manufacturing In this country. The
Ohio river manufacturers gay they can
manufacture much cheaper with the raw
material at their doors.
The manufacturers or cutlery. razors.
and shears have been trying Tor some
time 10 get together IN a business conf
bination. All of these industries are
largely affected by q protective tariff.
Very few scissors are made IN America,
the bulk 81 them beng manufactured on
the other side Of the Atlantic. on 40.
count Of the diversity Of the manufac-
turing interests the pocket cutlery people
have concluded 20 consolidate alone and
the matter Is In the hands OF New York
promoters and capitalists.