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

nearly $50 900 900 common stock and $780,
000 0G0 preferred consolidated a number
of mills in Rhode Island Massachusetts
and other places.
The American Writing Paper Company,
incorporated in New Jersey June, 1899,
with $25 900, 600 capital, half comon stock
and half preferred, consolidated numer-
Gus mills, producing over seventy-six per
cent of the output of the United States.
The Continental Tobacco Company, in
corporated in New Jersey in November.
1898 with a capital of $780, 600 half
common stock and half preferred. "Ac-
quired all the leading plug tobacco COM
panies in the United States, and also
purchased the plug tobacco business of
the American Tobacco Company, in whose
interest it was formed"
/ GIANT FEDERAL STEEL TRUSTS.
| The Federal Steel Company, incorpor-
atcd in New Jersey in September 1898,
| with an authorized capital of 5000, 900
| capital half common stock and half pre-
| ferred, consolidated the Illinois Steel
! Company, the Minnesota Iron Company,
| the Duluth & Iron Range Ry., the Elgin,
! Joliet & Eastern Ry, and several other
companies. 1t owns five docks on tho
great lakes, and majority of the steam
ers and barges used for transporting
| ores
The international Paper Company, in
cOrporated in January 1898, Estate not
| given) with an authorized capital of $780,,
100000 common and S25 000, 900 preferred
| stock, consolidated twenty-five pulp and
| paper mills, manufacturing about eighty
| per cent newspaper
The National Biscuit Company, incor-
| pcrated in New Jersey in February, 1898,
| M m nd
600 preferred, consolidated the lead
| ing cracker companies, and controls in
all one hundred and sixteen plants
The National Salt Company, incorpor
ated in New Jersey in March, 1899, with
| 81 600 600 of common stock authorized, and
| IS, 600 900 preferred, produces about nine
! ty-fve per cent of the total output of
! the country.
The National Tube Company, incorpor-
| ated in New Jersey, in June, 1S99 has
! capital stock of $50, ,OO0O, 900 half common
and half preferred, and controls about
ninety per cent of the output of the
United States.
The Rubber Goods Manufacturing Com
| pany, incorporated in New Jersey in jan
uary 1S99 owns practically all the capi-
tai stock of the Mechanical Rubber Com
pany, the Peerless Rubber Company and
the India Rubber Company, as well as
| seventy-fve per cent of the stock of
Morgan & Wright. 1t also acquired the
tire making plants of the concern known
as the American Bicycle Company, and
the American Dunlop Tire Company. Au
thorizcd capital stock $50,000,000, half
| common and half preferred.
The Standard Rope and Twine Com
| pary, Incorporated in New Jersey No
vember s. 1896, with a capital stock of
! $4,000, 900, consolidated twenty-five large
| cOrdage mills
The Union Bag and Paper Company in
corporated in New Jersey in February.
| 1899 with $16 600, 900 common stock and
| $11 ,000, coo preferred, consolidated various
| plants, doing ninety per cent of the pa
per bag business of the United States.
United States Cast Ircn Pipe and Foun
| dry Company, incorporated in New Jer-
| sey in March, 1899, with an authorized
capital of 100000 ,00O half common stock
and half preferred consolidated the prin-
ciPal cast fren pipe companies of the
| United, States
United States Envelope Company, in
corrorated in Maine in 1898, with an au
thorized capital of S1.00O,000 and S400O,
600 preferred, consolidated ten companies.
and controls ninety per cent of the output
of commercial envelopes in the United
| States
| The book mentioned also gives statis-
tics in regard to several trusts organi-
5ed prior to 1896 among which are the
/ American Cotton Oil Company,the Ameri-
can Sugar Refining Company, the Ameri-
can Tobacco Company, the Diamond
Match Company, the National Lead Com
pany, and the Standard Oil Company.
NO HOPE FROM REPUBLICANS.
During the present administration no
honest effort has been made to protect
the people from these monopolies The
Republican party controls the executive
and the legislative departmentS of the
Federal government 1t can enforce the
laws which now exist; it can propose and
enact new laws, but it does neither. No
persons can watch the conduct of the Re-
publican party and read the speeches OF
Republican leaders, and still believe the
Republican party sincere in its declara-
tions against the trusts.
The Republican platform on this ques-
tion and the Presidents letter of accept
ance, taken in connection with the party's
record, prove conclusively that no re-
lief can be hoped for from that party.
Instead of pointing out the evils of trusts
in exulting over present conditions. The
trust is a part of present conditions, and
Mr. Flint from which | have already
quoted, declared that the formation OF
large corporations was one of the i'm
portant features of what he described as
the present business activity. If Re-
publican leaders really regarded private
monopoly as an evil; if they really in
tended to apply an effective remedy, they
would not hesitate to denounce trusts and
suggest means for their determination,
} but they express far more solicitude for
the corporation than for the people at
large. One is reminded of the picture
which a mother once showed to her boy
to impress upon his youthful mind the
sufYerings of the Christian Martyrs, who
| were being thrown into the arena and
tern to pieces by the lions The boy
looked at the picture for moment, and
then his face frightened up as he thought
he caught the idea. Pointing down into
one point of the picture, he said, why.
J | mamma there is one poor little lion that
isn't getting a Bit 1t is even so with
| the Republican leaders Their sympathy