The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-09-16

Manufacturing Co.. in a speech delivered
in Boston on the 25th of May, 1899, out
lined the trust program with great frank
ness. In speaking of the advantages to
be derived from the trust system he said
OUTLINE OF TRUST PROGRAM.
Raw material bought in large guam
titles is secured at lower prices" When
for instance. one man buys all the wool,
the price of wool will be lowered and all
who -roduce wool will sell at the price
fixed by the trust. A large proportion
of our people are engaged in the produc-
tion of various kinds OF raw material, and
they are thus placed at the mercy Of the
combinations.
The second advantage is that 'those
plants which are best equipped and most
advantageously situated are run continu
ously and in preference to those less ia
vored."
This means that factories can be closed
in the smaller towns and business con-
centrated in the large centers. 1t means
also, that whenever there is a surplus on
hand, part of the factories can be closed,
and the burden of maintaining prices
thrown upon the wage workers. There
are already scattered throughout the
land idle plants. which stand as silent
monuments 20 the evils of the trust SyS-
TEN.
The next advantage mentioned is that
'In case Of local strikes and fires, the
work goes on elsewhere, thus preventing
serious loss"
| This means that a monopoly can abso-
lutely control its workingmen, for if a
strike occurs in a factory in one State,
! the factory can be closed down indeiinitC)
! ly while the employees are starved into
| submission, and. as the trust can do the
| work in some other factory without seri-
Gus loss, it is quite independent Of the
employees and can absolutely prescribe the
| terms and conditions uDon which they
| shall live. The more complete the mon
| opoly the more opposed the managers
will be to arbitration, because, in case
of any contest between the trust and it's
! employees, the trust will have every adj
vantage and the employees will be per-
| fcctly powerless.
! Another advantage cited by Mr.. Flint
is that There is no multiplication OF the
means of distribution and better force
| of statesmen will take the place of a large
number"
DRUMMERS DISPENSED WITH.
| 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 a single company the work can be
done by samples, and no travelling men
will be needed. There will be no COM
petition between different factories be-
cause all are under one management.
hi will ha fI1n
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 liyerymen will lose their best pat
rons, and the newspapers will lose the
/ advertising, because 1T VIII not be neces-
! sary to advertise when there is no COM
petition. All this might be toIeraDle IL
| the saving thus made went 10 the con-
| sumer, but as a matter OF fact = goes 10
the monopoly My attention mas oeen
called to prospectus issued by the IN
ternational Steam Pump Company, Or
ganized March. 1899, under the laws OF
New Jersey, and capitalized at Sz',ooo'ooo,
of which nearly half is preferred STOCK,
and the remainder common STOCK. call
attention to this prospectus, because II
sets forth the plans of the trusts, ana
show who are to be the beneficiaries.
The International Steam Pump Com
pany was organized for the purpose OF
manufacturing steam pumps, ana ac-
cording to the prospectus, acquired con-
troll of the business of the following cor
porations, either through the conveyance
of the title to the properties, and busi-
nesses of such companies, or by the own
ership of not less than two thirds Of their
stock, as may be found practicable.
Then follow the names OF five pump COM
panies, accompanied by the statement
that these companies are estimated to
transact ninety per cent. of the steam
pump business of the United States, ex-
elusive of high-duty enginess The ma