The Topeka state journal., 1900-09-17


This is an intimation that under the
trust system the travelling salesman will
not be needed When every retail mer-
chant must buy all goods OF one class
from single company, the work can be
done by samples, and no travelling men
will be needed There will be no corupe-
tit1On between different factories be-
cause all are under one MANAGEMENT
The first man to feel this will be the
salesman, who will lose his Occupatfon
The next man TO feel it viii be the ho.-
tel man, who viii miss the trade OF the
travelling salesman The railroad viii
lose the mileage paid by the travelling
man. the lveryman will lose his best
patrons. and the newspapers will lose
the advertising, because 1t will not be
necessary TO advertise when there is no
competition All this might be to1era-
BILE If the saving thus made went TO the
consumer. but as a matter Of fact IT
goes 10 the monopoly.
In little book described as an In
yeStment Guide" and issued in 1900, by
Henry CleHfs & Co. bankers, I ind a
list Of large corporations. together with
a brief description of the business done
and advantages secured by conSolida-
ton In some instances an estimate is
given OF the output Of the company as
compared with the total product in the
United States Let me call your atten-
ton to a few of the corporations orgaa-
lzed since the last presidential election
TRUSTS FORMED UNDER McKIN-
LEY
The American Agricultural Chemical
company, Incorporated under the laws OF
Connecticut in May 1899 has an author
lied capital Of $4,000. 900. half common
stock and half preferred IT acquired
twenty-five Of the largest fertiIizins con-
Germs in the country
The American Bicycle COMPANY. iucOr-
porated in May, 1893, in New Jersey, with
$50 600 600 Of common stock and 10.000-
COO preferred. consolidated forty-four OF
United States
The American Hide and Leather com
panys incorporated in New Jersey in
May. 1888, with an authorized capital Of
SS5. .090s 900. half common stock and half
preferred. controls about seYenty-five
per cent OF the upper leather output Of
the country.
The American Linseed Oil company,
Incorporated in New Jersey in Decem-
Der, 1888. with a capital stock OF $50 500-
COO half cOmOmn stock and half pre-
ferred, consolidated eleven large nnSeed
oil companies, and controls over eighty
nVe per cent of the InSeed oil properties
in the United States
The American Steel Hoop company,
Incorporated in New Jersey in April.
1889, consolidated nine large steel and
iron companies in Ohio and PennsyI-
vania- capital stock $4,000. 600 common
and $4,000. 600 preferred
The American ShipbufIding company.
Incorporated in New Jersey in March,
1889, with an authorized capital of $780,
100000, half common stock and half pre-
ferredr consolidated ''all ship building
and kindred interests on the great lakes
American Steel and Wire company, in
corporated in New Jersey in January.
1899. with $50. .000, 900 common stock and
$40, ,OO0, 600 preferred, controls about eighty
per cent of the nail and wire product Of
the United States.
The American Thread company, incor-
pOrated in New Jersey in March. 1888,
with a capital stock Of So, ,00O, 600. half
common and half preferred, consolidated
fourteen large thread companies in New
York and New England
The American Tin Plate company, in
cOrporated in New Jersey in December,
1898. with S30. coo 900 common stock and
s20, ,O00, 600 preferred, consolidated about
ninety-6ve percent Of the tin plate mills
in the United States.
The American window Glass com
pany, Incorporated in Pennsylvania, Sep
tenber- 1889 with s13 OOO. 900 common
stock and 1000 900 preferred. cons0li-
dated window glass plants in New York,
Pennsylvania, New Jersey and Indiana,
controlling about S5 per cent OF the out
put Of the United States
American Woolen company, incor-
pOrated in New Jersey in March. 1899,
$50. .0O0. 600 preferred consolidated a num-
Der Of mills in Rhode Island, MasSa-
chussets and other places
The American Writing Paper com
pany, incorporated in New Jersey, June,
1899 with SIS, 900, 600 capital, half COM
mon stock and half preferred, consoh-
dated numerous mills, producing over rs
per cent of the output of the United |
The Continental Tobacco company, in
corporated in New Jersey in November, |
common stock and half preferred |
Acquired all the leading plug tobacco |
companies in the United States and also /
purchased the plug tobacco business or 4
the American tobacco cOmpany,in whose i
interest IT was formed
FEDERAL STEEL TRUST. |
The Federal Steel company, incorpor-
ated in New Jersey in September, 1883,
with an authorized capital of $20o, ,0oO,-
600. half common stock and half pre-
ferred. consolidated the Illinois Steel |
the Duluth and Iron Range railway, the
Elgin. Joliet and Eastern railway and
several other companies 1t owns five
docks on the great lakes and major
ity of the steamers and bargeS used for
ores
The International Paper company, in
lou S1gls) 1851 .ETBuuBf VI p91e1odIoo
gfven) with an authorized capital OF
$50. .OOO. 600 common and $25-000, 600 pre-
ferred stock, consolidated 25 pulp and |
paper mills. manufacturing about so per
cent newspaper
every newspaper has suffered from
the paper trust The magazine, for in
stance, published by the locomotive fire.
mems organization and supported by q
to lessen its reading space because of
The rise in the price Of paper)-
The National Biscuit company, fI1co--
oorated in New Jersey in February, ,1ss3s
Win toosSuusIJt CO4AAAlOAA SloCA anu $-S--
90 900 preferred. consolidated the lead
ng cracker companies, and controls in
AL 116 plants
The National salt company, incorpor-
tied in New Jersey in March, 1899, with
4 600 600 Of common stock authorized
md s.. COO. 600 preferred. produces about
Is per cent Of the total output Of the
country.
The National Tube company, fncor- |
lOrat6d in New Jersey in June, 1893, has
capital stock OF $50, 900, 900, half COM
non and half preferred, and controls
bout 80 per cent of the output of the
United States
The Rubber Goods Manufacturing
company. Incorporated in New Jersey in