New-York tribune., 1900-08-09
NEW ICE COMPANY FORMED.
ACTIVE RIVAL OF THE TRUST ORGANIZED TO
BRING RELIEF FROM ExToRTIoN

The Peoples Cooperative Ice Company has been
organized in this city. with capital 500 600 It
will be an active rival of the Ice Trust. It will
begin doing business October Of this year and
will supply family trade with ice at 30 cents
hundred pounds. Its cUrporators assert that, while
it is not looking for trouble" 1t will be found
doing business after October without any alliance.
direct or indirect. with any existing corporation.
It viii have its supply after this fall and Will
its wagons from the start. The capital
stock viii be increased to 81 10000, and the
people invited TO become shareholders. Its cor
porators include Charles J. Ferrin, tr. a member
Of the Produce Exchange; General Wager swayne,
a director Of the North American Trust Company;
Postmaster Van Cott Edward c. Rice treasurer
of the Produce Exchange; Henry Hall, publisher;
Henry A. Rogers a director Of the Seventh Ma
tional Bank; Charles NJ. Preston. president Of the
Securities Trust Company; W. 3. NJ. Jordan, OF
the H p. Clahin Company: Edward N Gibbs,
treasurer Of the New-York Life Insurance Com
pany; Captain E. L Zalinski, L. s. A. retired;
Ira Bliss Stewart John King and others Mr..
Ferrin, one Of the Leading spirits in the new com
pany. said yesterday:
The new company is what its name sgnihes-a
Year show that the cty SO far as its ice supply is
concerned is largey at the mercy of the Ice Trust
hluffed off. They are determined to have a new
company that Will be content with a reasonable
profit We believe there is a healthy public senti-
ment in favor or an independent company that viii
anoe to the public health that 9a 's sh6UId
be supplied with ice of the best quality. The price
TO families will be 30 cents hundred pounds, while
larger consumers will be supplied at lower rates.
circumstances warrant The Corporators of this
company believe that selling at 30 cents or
less is a good commercial enterprise, and shall
have ice on sale after October l next. As TO dock
privileges we have assurances that they will be
provided us on fair terms and that shall not
be hsmpered in fair competition with other Ice
companies already in the field.
The executive offices of the new company are at
Broadway and Eighteenth-st The enterprise will
be a popular one and not a close corporation.
Moreover. the assertion Is made that IT will be
kept entirely free from politics. although its back
nearly all enthusiastic Republicans These
men they say, act simply leaders in the
ment, and any one can come in for a part Of the
profit by subscribing for the stock the price of
which will be S a share. The corporators signify
business principles. demanding a reasonable mar
gin above the actual cost of production and de-
livery. and yet avoiding the offensive extortions
the monopoly which tyrannizes New
Workers. Consumers viii have a chance to close
contracts for a supply for from Eve years
at prices not exceeding the average paid In this
city for the last ten years. One have mountain
lake ice hygeIa ice, he pleases.
The company was incorporated in Albany Fester-
day It's capital stock of s290 900 is divided into
40 600 shares. OF this 100000 common 800
preferred stock. The latter is entitled per
cumulative dividends before anything can be paid
the common. and the dividends are payable
semi-Hunualy.