Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1903-08-29
THE LATEST IN TRUSTS
A Tailoring Combine With
Schwab at Its Head.
Is SAID TO BE NOW FORMING.

CORNER Steel Company President RO-
ported to BE Backing Big scheme
to Establish Custom Made ClOth1ng
stores All Over the Country.
The latest thing in trusts is to be
known as the UNITED Tailors," says
the New York World Charles M.
Schwab's millions are behind the
scheme, which will be launched in New
York soon.
The headquarters of the new concern
will be at 8 Union square, in the bui1d-
ing formerly occupied by the Union
Square bank. Five branch stores have
already been leased in various parts Of
Manhattan, and the projectors say that
within thirty days their stores will be
in operation in large cities all over the
country.
The United Tailors will have the
same relation to the custom tailoring
trade that the United Cigar Stores do
to the retail cigar and tobacco bust
ness.
The facts came out when p. A..
Schwab, an uncle of the former steel
trust president, and David ]. WEIGH,
for many years prominent in the WOOL
en- industry, began closing contracts
on a mammoth scale. The branch
stores already leased, says the World,
are in Greeley square, at SO West One
Hundred and Twenty-flfth street, 2216
Third avenue, 312 Eighth avenue and
Eighty fifth street and Columbus ave-
nue.. All Of these will be open and
ready for business simultaneously with
the Union square headquarters on Aug.
%.
1t is intended to increase the number
Of stores in Greater New York to 100
as fast as the property can be leased
and equipped and to extend the bust
ness as quickly as possible to every
city in the Union Of $4,000 or more in
habitants. In two years time the trust
expects to have chain Of stores that
will give employment to half million
men. AS soon as possible 1t will own
Its own mills for the manufacture of
cloth both here and abroad. At present
it has contracted for the output of one
mill in Massachusetts and is negotiat-
ing for more.
A great central school will be estab-
nshed in New York at which cutters,
trimmers and statesmen will be taught
and then sent out through the country
IN h,,ov hot
may be required. The educational idea
emanated with former President
Schwab, who says that it is just as
necessary to educate your own men in
the tailoring business as it is to teach
steel workers their trade.
The formation Of the new trust was
proposed to Charles NJ Schwab by his
uncle and Mr.. WEIGH over a year ago.
At that time he decided that his work
in connection with the steel trust was
too heavy to permit him to assume a
task which involved so much detail in
its plans. When he decided to resign
the presidency of the steel corporation
he accepted the responsibility and hard
work attached to the new combination.
A majority of the details will be work
ed out by Mr.. Schwab at his offices, II
Broadway
"We had not intended" said Mr..
WEIGH, ito make public our plans for
another week, but as they have leaked
out we prefer that the public should
have correct information to start
with. Every male inhabitant of the
United States has got to wear clothes,
and, as Mr.. Schwab puts it, there are
100000 boys coming into long pants
every day. He has made the estimate
after careful figuring, We want to
train these boys to wear custom clothes
instead of ready made SUITS Once you
put tape on young man, Mr.. |
Schwab says, he will never go back to |
the poorly fitting store suits. If we
can show these young men that for SIS |
or $40 we can build a perfect fitting |
custom made suit they will be ours for
life.
with the great number Of stores
that we shall establish we will be able
to turn out our goods at much lower |
cost than the individual tailor, and
when we have perfected our system we
shall be able to do the very best work
for the least possible money"