The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1900-10-04

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ness concentrated in the large centers.
IT means, also, that whenever there is
a surplus on hand, part Of the factor
les can De closed, and the burden of
maintainifg 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.
The next advantage mentioned is /
that In case of local strikes and fires, |
the work goes on elsewhere, thus pre- I
venting serious loss"
This means that a monopoly can alb !
solutely control the workingmen, for /
if strike occurs in n factory in one
state, the factory can be closed down |
indefinitely while the employees are
starved into submission. and, as the /
trust can do the work in some other |
factory without serious loss. it is quite
independent of the employees, and can
absolutely prescribe the terms and
conditions upon which they shall live.
The more complete the monopoly the
more opposed the managers viii lie to
arbitration because. in case of any con-
test between the trust and its en-
ployes the trust will have every ad-
vantage and the employees viii be per-
fectly powerless.
Another advantage cited by Mr
Flint is that There is no multiplied
ton of the means of distribution and
a better force of statesmen will take
the place of large number
Drum,ners Dispensed With.
This is an intima lion that under the
trust system the travelling salesman
1ot ha nonIn1 rpfai1
merchant 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 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 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. | call at
tention to this prospectus, because it
sets forth the plans of the trusts, and
shows who are to be beneficiaries.
The International Steam Pump COM
pany was organized for the purpose of
manufacturing steam pumps, and ac-
cording to the prospectus, acquired
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 than
two-thrds of their stock, as may be
found practicable" 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 busi-
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
the combination had assets estimated
at little more than S6,000000; an
other company had assets estimated al
a little more than $3,000,000; the THIRD
company had assets estimated at 6
little more than 81 100000. The fourtl
company had assets estimated at $500,
600, and the fifth company had assets
estimated at 100000. The good will
was not estimated in the above fig
llres. The total assets, therefore, o.
the five companies, not including th'
good will. were less than $12000,00
and the prospectus states that the com
bined net profits of the five concerns
for the year 1S9S estimated on th'
business of ten months of the year
would amount to $1,200,000 Unde
the head of Estimated additiona
earnings from consolidation" ! find tn
following:
EACH of the five companies nov
maintains agencies in the principal cit
les of the United States. The Worth
ington and Blake companies hav
stores and carry stock in London
Hamburg. Vienna, and other cities
Some of them have expensive salarie
IldUuStIS. All THESE agencies III Uni
and other countries will be consol
dated The stores and agencies main
tanned in the cities of this country, an
the forces of clerks, statesmen, etc
necessary TO conduct them. will b
, united and decreased, involving an es
timated saving of at least 100000
year. The expenses of each compan
for its draughting department, inc
dent to the elaborate drawings, an
specifications for estimating of work
will bring about a further reduction
The standardizing Of the patterns 70
farm and domestic work. whlc
I, is now Under way in the Worthingto
E factory. when applied to the entir
I business of the new company, will re
T suit in an estimated saving of at leas
100000 per year"
And then follows in black type thi
e significant statement
Advantages of Consolidation.
= a conservative estimate of the at
+, vantages derived from consolidation
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