The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-02-27
As ENGLAND SEES THE Trust.
Differing Views ON the Effect OF the
Steel Combine

LONDON, Feb. 2T.-The Daily Mali
says:
1T is Impossible to exaggerate the I'M
! portance Of the Steel Trust. With proper
mana cement it should find no difficulty
in destroying the iron and steel indus
tries Of Great Britain. The time has
surely come to recognize that n an err
Of the fieTcest. most INSCRIPTIONS com
petition. the community must stand by
the threatened trade, and aid il with it's
whole power; that IS 10 meet the trust
with the tremendous organization which
/ Is u the service Of a modern State. 10
/ hattie with the strength. not of a fr4c-
! ton, but Of the whole people. to be
armed not with obsolete formulas bIIr
| up-to-date methods. suited to the erner-
sencyl and II national efforts are nor
! enough International resources uI,.st l.e
INVOKED TO Keep IN Europe the tr:.d.- THAI
otherwise viii go 10 America %
Air u hitWclI. Chairman OF tn .~rbftya
ton board Of the iron trade OF tn north
" Euglau'., does not think there is any
thing 10 fear Mr. Cox, Secretary Of tn.
/ board. does not expect that the trust will
10 much harm he thinks tie concerns
| IN the combination are ovN-1apitaGiZed.
Mr. Putnam, manager OF the Darling
! ton Forge Company. thinks that the com
1 h!aatlpn. taking advantage of the Anneri-
can tariff, may make huge profits and
! uu4ize them to send material here under
cost
air Riley, a member Of the Iron and
Steel institute. an experienced authority
sees q possibility Of the trust finding con
dItionS 50 much easier in America owing.
10 the removal OF competition, that it will
not care TO <" abroad On the other hand
il Il intends to crush the world $ trade
II can do IL. but only for q time The
whole question turns upon whether il in
tends legitimate competition. that is to
sell 81 paying prices. If not, II viii XII
the world trade in which case the Brit
ism manufacturers must wait until the
trust Is tired 1t cannot sell profitlessIy
forever
9s,e opinions in Leeds differ. some
manufacturers do not expect that they
VIII b. greatly affected, while others
think that The iron trade VIII suffer, but
that the sufferers VIII be the makers OF
rough rather than finished gOO0S- II is
commended that il viii not nav The ryt,St
To- send sraaH Quantities of finished goods
10 England, and II il floods the market
with cheap bIIicts and bars OF average
quality, the English VIII benefit by the
lower prices
Some manufacturers in Sheffield pro
less 20 be not disturbed and say that
their trade IS not ukeiy to be affected
The Financial News" marking that
IA number of important industries remain
outside the trust, says II hopes they VIII
continue outside. II adds:
II is We'll that We have some consoIa-
ton. albeit it is of such meagre dimen-
SipuS. for in every other aspect the out
-OOk Is most gloomy
me morning Post, commenting on
the Great American steel trust does not
attempt 70 conceal the fact that IL has
caused widespread uneaSiuess in Great
f:ritaiu- where the force OF transatlantic.
competition will doubtless be cons dera-
bly, Increased. but the paper belle. Is
there IS certainly no need for Il panic II
C"i-GuIS Win olI christopher t'GT--tSS- the
T:ell-kE0Wn shipoWner and shipb lilder
that the operation of the trust system
VIZ bring about its abolition.
II says mat a. the result OF the selfish
of fFIT1 he rt-f--E
every article in the American market Is
apDreCiably higher than here me DIR
ference between artificial prices Iesul in
IN sitting competition and nom / prlces
IS the penalty paid by the An:eIica dec
tor for the extension OF the trade Of
monopOllsJS 10 foreign countries
The Post thinks that although free
dom from trust tyranny VIII possibly
only be achieved after a great struggle.
between capital and labor. il is tolera DIV
certain that American cOramon-seuse viii
nnd way OUT By legislation.