The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-07-28

IS . ( i
Liggett & Myers, OF st. Louis. controls
ing more than 10 per cent. or the
entire plug trade Of the world. This
concern refused to sell out to the trust,
except upon terms which We're con-
an attempt on the part Of the trust
to force them out OF business by SELL
ing plug tobacco 10 per cent. below
the standard price. and hy Offering
premiums to statesmen.
Bitter War.
Mggett & Myers met this attempt
By undersellng the trust. and so q
bitter war was waged for several
months, when the trust, fearing defeat.
bought out It's competitor. paying sl2,-
800, 900 in cash and s1I.600,0o0 In stock
for the entire plant, which had only
cost s1,10o,o00. To paw for this p,,r-
chase and other smaller ones 5.oo0,-
600 OF new stock WAS issued. making
the total capitalization Of the Cont
mental Company sl00,oo0,ooo, with
which it purchased manufactures with
an aggregate output Of rs per cent. Of
the entire plug business OF the United
States.
1t is charged in the petition in the
suit brought by the government
against the trust that the business Of
1.-THE r. Lorillard Company was carried
on as All independent concern. and
that It's manufactured products were
labeled. sold and distributed other than
under the name of tho Continental To-
bacco Company. It was also charged
that in purchasing the Interest OF the
various companies by tho Conttn tai
and American Tobacco Company Il
was expressly stipulated tint thc par
ties selling should not cngngH again
| in the manufacture Of tobacco IN COM
petition with the trust.
TIC. Williams Con,pnny.
Among the vast number OF concerns
| purchased by the Cory nental Tobacco
Company at various times abous that
| period, were the Bland Tobacco Co., Of
Petersburg, Va, in 1904, for $ss.s25
the Butler & Bosher Company. OF Rich
mond. in 1903, for s20s,o55.1", and the
domestic branch of the r. G. Williams
| Company, Of Richmond, Va for which
4 was paid in 1903 $375,000 The other
business Of the r. G. Williams Tobacco
\ Company, namely. the export trade
was sold to the British american Conl
jpany, which is said to have paid in th'
neighborhood of s3,o00,000 for tn.
time, in 1901, the Continental Com
pany had purchased the 5 w Ven
4 able Tobacco Company, OF Petersburg
! Cor the consideration OF stl1,0la.4s.
Consolidated Company.
IN the year 1901 the two olnpanies-
the American Tobacco Company ant
! the Continental--wHre anltlE.imatet
/ into a company known as The Consoli
| dated Tobacco Company, Chartered s,,n
der the laws OF New Jersey, and Will,
| it was given out that the purpose o
J this new company was to harmonize
the interest OF the two other com
1 panes it developed THAI In bringing
about the ANAL gamotion those captain
Eof finance on tho Inside incidental.
secured very large part of the enor
nous surplus funds by methods which
are well known in high finance, re
/ garding which n fable was once writ
1 ten, known as the Monkey and til
! Chestnuts."
The operations OF the trust did no
stop with the control Of cigarettes
plug. smoking ana chewing tobacco
for there We're other branches OF til
| trade waiting to he placed uHdcrtth
| Ducal dominion.
In March 1900, tho American s:nu
1 Company, with capital Of s23,o00,O0t
4 was launched as Il branch oc the TO
bacco Trust, the. American Tobacc
Company transferring It's holdings I
the new company for the SUN o
1 s4.5oO,00o The frs. statement Of tn
/ American Snuff Company showed the
lit owned practically every snuff fae
q tory in America, and manufacture
the entire production Of this countr
To-day the American Snuff t-onps n
produces more than NJ per cent. OF IL
entire snuff OF America.
The Cigar Trade.
The following year. in 1901, tn
trust moved towards the cigar IN
duslry, and organized the America
cigar Company, with capital Q
sIp.oOo.OOo. with which TO purchas
; plants CT Independent companies.
number of plants were secured. anon
, them, as has been stated. the p. Whit
lock Company. Of Richmond. an
< Brown Brothers Company. Of Detroi
. which lad a capacity of 100000
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