Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1900-09-20

run continuously and in preference to
those less favored"
This means that factories can be
closed in the smaller towns and bust
ness concentrated in the large centers.
1t means, also, that whenever there is
4 surplus on hand, part of the factor
les can be closed. and the burden of
maintaining prices thrown upon the
wage workers. There are already scat
tered throughout the land idle plants
which stand as silent monuments to
the evils Of the trust system.
NThe next advantage mentioned is
that "In case Of local strikes and fires,
the work goes on elsewhere, thus pre-
venting serious less"
This means that Il monopoly can ab-
solutely control the WOrkingmen, 1oi
If strike occurs in Il factory in one
state, the factory can be closed down
indefinitely Willie the employees are
starved into submission. ard as the
trust can Go the wOrk in some other
factory without serious loss. it is quite
independent Of the employees, and can
absolutely prescribe the terms ard
conditions upon which they shall live.
The more complete the monopoly the
more opposed the managers Will lie to
arbitra ton. because. in case Of any con-
test between the trust and its en-
ployeS. the trust viii nave every ad-
vantage and the employees will be per-
fectly pOWerleSs.
Another advantage cited by Mr..
Flint is that "'rhere is no multiplica-
tion Of the means Of distribution and
a better force of statesmen will take
the place Of 4 large number
Drummers Dispensed With.
This is All intima ion that under the
trust system the travelling salesman
will not be needed. When every retail
merchant must buy all goods Of one
class from il single company, the
work can be done by samples, and no
travelling men will be needed. There
will be no competition between differ
ent factories because all are under one
management. The first man to feel
this will be the salesman, who will
lose his occupation. The next man
to feel it will be the hotel man, who
will miss the trade Of the travelling
salesman. The railroad will lose the
mileage paid by the travelling man;
the liverymen will lose their best pat
rons, and the newspapers will lose the
advertising, because it will not be
necessary to advertise when there is
no competition. All this might be tOl
cradle if the saving thus made went
to the consumer but as a matter of
fact it goes to the monopoly. My at
tention has been called to a prospectus
issued by the International Steam
Pump company. organized March, 1899.
under the laws of New Jersey, and
capitalized at $27 100000. of which
nearly half is preferred stock, and the
remainder common stock. l call at
tention to this prospectus, because it
sets forth the plans Of the trusts, and
shows who are to be beneticiaries.
The International Steam Pump COM
pany was organized for the purpose Of
manufacturing steam pumps, and &C
cording to the prospectus, ''acQllired
control Of the business Of the follow
ing corporations. either through the
conveyance of the title to the proper
ties. and businesses Of such companies,
or by the ownership of not less tllan
two-thrds Of their stock. as may be
found pract:cabie.' Then follow the
names Of five pump companies. accom-
panied by the statement that these
companies are estimated to transact
90 per cent. Of the steam pump husi-
ness Of the United States. exclusive
Of high-duty engines. The majority
of the companies also manufacture
such engines.
sample Case of Trusts.
One OF the companies. taken into
ytsv <S,>,N
at little more than SGOOO,O0O: an
other company had assets estimated at
little more than $1,000, 600; the third
company had assets estimated at Il
little more than $1.O0O,00 The fourth
company had assets estimated at $780,
600, and the fifth company had assets
estimated at $70OOOO The good will
was not estimated in the above fig
ures. The total assets. therefore. Of
the five companies. not including tn"
good will. were less than Sl20OO,UNO,
and the prospectus states that the com
bined net profits Of the five concerns
for the year 1898. estimated on the
business Of ten months Of the year,
would amount to $1,2OO.0OO Under
the head of ESTIMATED additional
earnings from consolidate ton" find the
following:
Each Of the five companies now
maintains agencies in the principal cit
les of the United States. The Worth
ington and Blake companies have
stores and carry stock in London,
Hamburg. Vienna. and other cities.
Some of them have expensive Salaried
managers. All these agencies in this
and other countries will be conSol-
dated. The stores and agencies main
tanned in the cities of this country. and
the forces of clerks, SAleSmen. etc.
necessary to conduct them, will he
united and decreased. involving an eS-
timated saving of at least SI00,OOO 4
year. The expenses Of each company
for its draughrng department.. Incl
dent to the elaborate drawings. and
specifications for estimating of work,
will bring about 4 fur; her reduction.
The standardizing of the patterns for
farm and domestic work. which
is now under way in the Worthington
factory. when applied to the entire
business Of the new company. Will re
suit in an estimated saving of ut least
5000, 900 per year"
And then follows in black type this
significant statement:
Advantages Of COnso lIiation.