The Batesburg advocate. [volume] (Batesburg, S.C.) 1901-1911, 1901-06-19
MORE TRUSTS FORMING.
Plows. Shovels. Matches and Pianos
the Latest to be Merged.

The formation of great trusts pro-
oeeds space, aud hardly day passes
but what ihe announcement is made of
combinations of manufa ,turers of srti-
cles OF absolute human necessity. Pretty
much every thing 9 man eats or wears
or tools he uses In his trade, and even
the coffin he is buried in is subject so
far IS price is concerned, to the regula-
tioDs of trusts, and the end of it all is not
yet In sight. Among some Of the latest
trusts to be formed are the following:
An official of the Diamond Match
company says that q consolidation of
the English brsr ca with the Bryant 81
May company would be affected soon.
y. q. Barber, president OF the Diamond
Match company, and several managers
and y. III. Palmer are nov in England
closing the negotiations for the consoli-
dstion, aud 1t ls snnounced that Charles
Baird, its attorney will leave within ten
days on the same mission. The Bryant
IL May company had complete mo-
uOpoly of the mstoh business in Eng
land until the Diamond Match oompa-
ny built its Liverpool factory a few
years ago. Since then the two have di-
vided the business of the United king
dom. The Diamond Match company Of
America owns 81 per cent. of the
Eagilsh corporation, SO that the consoli-
dation will be Of great benefit to the
former company.
a combination of the piano manu-
fa;;uccrs, embracing the entire output
of the country, is in process Of organi-
zition. Marc a. Blumenberg, editor
of the Musical Courier, of New York, is
In the city promoting the scheme. He
says that The purpose of the combine is
TO reduae the selling expenses, which
are now $i5 for every piano made. He
says that while the com bin alton will cut
off number OF hangers. on of the trade,
it will materially benefit the workmen
In the factories. Where some factories
shut down large part of the year be-
cause otlSck of capital to accumulate
stock, the combination arrangement
would furnish funds to keep them run
ming, thus bene6ting all concerned. He
will endeavor to interest Cincinnati
manufacturers in the scheme, and says
that nearly ali of the large factories
have the matter under consideration.
Negotiations whereby twenty or more
OF the leading plow manufacturing z
firms of the middle West will form .
trust with a capital Of about $40, ,000,-
600 have been practically completed in
Chicago. The company will be fnano-
ed by the United States Mortgage com
psny, of New York, which will obtain
the money from the Mutual Life and
the Equitable Life Insurance COM
panies. The headquarters will be in
Chicago.
Sixteen Of the largest manufactur-
ers OF shovels in the United States are
forming the shovel trust of which many
TofiDg, Of Boston" Who WHO Was vas one Of the
organizers American Steel Wire COM
psny, Is engineering the deal for them.
The capital Of the corporation will be
about $40, ,OOO, 900, and Jersey
charter will be secured. The papers
have already been drawn up and all
the western Pennsylvania manufac-
turers have agreed to join.
The Cleveland rivals Of the Standard
Oil company have given up the battle
against that concern and are ombin-
ing to sell out their interests to their
foe. The Standard Oil is to pay about
81, 600, 600 for the whole of the proper
ties. There are three of the concerns
Schofeld, Shurmer & Geagle; the
Cleveland Refining company and the
Scio Refining company. Il. f. Wilson,
of New York, is credited with engineer
ing the deal, which extiEguishes the
last spark of competition with the
Standard Oil company in Ohio.
So the list will be extended until
every conceivable article of human
consumption or use, with the excep-
ton of air, will be in the control of
monopolios.