The Washington times., 1901-07-28
A BREAD TRUST ORGANIZED.
The Combine Incorporated With
100000 Capital.

|
TRENTON. n. J., July 27.-With the fl
! ing here of papers of incorporation for the
| National Bread Company is laid the
foundation for what is understood will be-
| come Bread Trust. The capital stock is
fixed at SS0OO,00O and is said to be fully
| paid in.
According to report. the community pro-
| poses first to control the bread output
| of New York city, Jersey City, and New
| ark, and then if conditions be favorable,
| it expects to extend to Chicago st. Louis,
| and other important cities of the United
States. Several of the large bakeries of
New York. it is said, already have been
| absorbed on n division of stock basis. and
it is added that in the resulting fight for
control other bakeries will be forced into
the combination or else suffer through
the usual methods of competition.
The certificate of Incorporation shows
that ex7Judge Augustus Van Wyck rcted
as attorney for the new company. The
incorporators. who, it is believed, are
acting in that capacity for prominent III
nancial interests, are: Joseph il. Strange.
of Orange, n. j.; Paul +. Lorder, and
John Joseph Roach. Of Jersey City.
Those. supposedly having direct connec-
ton with the company We're disinclined to
give much information about its objects.
person said to be interested in the
scheme refused to say who is back of the
company or 10 hdme any of it's probable
directors.
According TO him. however, the company
was organized for double purpose-frst,
to consolidate all the large baking firms
under parent company, which should
divide territory among its members and
so do away with inter-company competi-
tion in all districts, and, second. TO ex-
plot a patent bread-making machine
which, ii is stated, kneads bread without
any. handling and at the same time in
creases the baked loaf 80 per cent in
weight over the present one with given
quantity of flour
The scheme will be for the various bak-
ing companies to- give the national COM
pany a portion of their stock, said to be
large. in return for which they Will gain
the Use-of the patented machine which,
1t is asserted does away with about 90
per cefft~ef the labor, and VIII also De
given ans exclusive territory for the sale
of their variety of bread, by which they
will save the cost of competition in other
districts both,ip handling and delivering
their product and in the waste in the va
rioifs shops. Phe member compa nies will
run under this plan subsidiary COM
panies TO the parent concern, which will
get the profits of its portion of the stock.
This. however. may be but a step to n
system of absolute control of the baking
companies by the general corporation,
which, with a start of a heavy percentage
ownership. would be in excellent posi-
tion to acquire a majority holding.
question as to where the bakeries
would come in led TO the explanation that
if the baker could take 1875 pounds of flour
and with the new machine make $50 to $50
popnds of bread instead OF only 275
pounds. his present product, and could
save half in men and much in cost of de-
livery, his balance of stock would net him
more than the whole thing does now.
The idea of pounding in 50 or s. extra
pounds Of bread into 1875 pounds of -four
led 10 the next question. just how il was
done the man with the supposedly inside
information did not know exactly He
thought that the new way of m liking
bread by pounding ii Instead of kneading
the, dough by band made TIE gluten abb
sOrb more water and that mad, shfz pre..4
heavier. But he insisted that il was bet
ter bread. had been tested by eminent |
chemists. who had declared IL superior to |
the cid kinds At any rate, he said il
was better than handmade bread and he
Thought perhaps the days of hand -knead- |
ing were over except for the small baker
les. The price of bread would not be af-
fected. he belieyed-the company would |
he satisfied with that extra 80 pounds Of |
weight by way of profit. Water was ap-
parently cheap. from the company's point |
Cf view