Daily press. [volume] (Newport News, Va.) 1896-current, 1909-02-19

nt Wv VI rahAHa' iph VI Wv
Continental Tobacco Company These
new men together with those who
entered the managCmrnt as The result;
OF the Union Tobacco Company trans
action, have had Il powerful influence
N the Subsequent expansion policy
OF the Combination. both by furnishing
capital and in other WAYS.
At the time OF the pure hasr of
the Union Tobacco Company M
AInrrican Tobacco Company paid. ont
Of its accumulated surplus and me
profits OF the sale OF its plug BUS
ness To the Continental. Il stock div,
d,nd of 700 per cent. or 81 .0OO.nou,
to its comnOn-Stock holders. This.
with the stock issued for the Union.
added s:3 .JOu.OUO TO the company'S
capital stock and almost doubled the
generalization ALREADY existing. From
this time Oh until 1904 the rapi'aliza'
tior of tn, American Tobacco Com
pany consisted OF $54. 3"", 'o" OF CON
mon s,och and $l4 "",""" of preferred
stock
Snuff Combination.
"Withiu a short time after tn" or
salill; OF the Continental TOb&'-
co Company the combined interests
obtained control of practically al III"
BEADING snuff concerns of the country.
Ever since 1891 the American To
baccu Company had had Il small Snnn
t,lsin-sS. The Continental had ac
uMired the extensive snun business
OF the p. I.orillard Company. and IN
1899 the American Tobacco Com
pany acquired two or three additional
snuT concerns. The two companies
toe, ther had a, the beginning of 1871"
substantially Onc-:hird OF tn" snnn
bu. mess OF the country. About two
wears before this however. com
hination OF the important strong
SEQ CHI snuff manufacturing concerns
81 the country hal been effected indie
pcndentlv of the American and con
tincntai interests. under tn" name or
the American ami Continental inter
rilS under the name of the Atlantic
Snuff Company. The output of this
concern was greater than that of tn"
Continental interests. under tn" nam"
of the Atlantic Snuff Company. Tn"
OUTPUT OF this concern was greater
than that OF The Continental and
American together. During 1899 Wig
OrVnS competitive warfare was con
duc:ed between thcs" two groups OF
interests. Early in 1900. however
they came together in the formation
of the American Snuff Company.
which also took in another important
concern the George W. Helme Com
pany.
The American Snuff Company was
ORGANIZED on March -, 1900 1t is
sued So, 900. Gun of 6 per cent preferred
and ll.OO1. 700 Of common stock.
Control Of the Industry in 1900.
the orcanizati of me Continent.
al Tobacco Company. the American
Tchacco COmpany's acquisition OF the
Cnicn Tobacco Company and of other
concerns in 1899. and the formation
+ the American Snuff COMPANY at
nee raised the Tobacco Combine
ton to a dominant rcsitiOn in the
Manufacture OF all the important
kinds OF ObaccO except cigars. In
1909 the Combination had e. per
cent of the national vutpu' OF plug 70
bacco and So per cent OF the out
pUt 3f smoking tobacco: IL 1901. inc
first full year Cf the American Sum
Company it had 80 per cent OF the
OUTPUT OF snuff In 1888. the Ameri-
can Tobacco C"mlan! haG con? rolled
l.arely a fifth OF any On" o: these
pr ducts Thu Con,bina;oil. more
over. still retained substantially 2
m,nopuv control owe: n" cigarette
business. making ~. per cen 81 he
national output III 1910.
Cigar Comb nation.
Last Of al h" CoIhbina, ion turn
cd lis attention to the cigar hui
ness. the most i'm Iiant OF all the
branches Of tobacco manufacture. but
also the mos, difficult in which &c
make an effet i've mbination. be-
cause of the immense number OF
concerns in the tralc.
Since 1891 the American Tobacco
Co. had had considerable business In
the manufacture r cheroOts. but had
mad. no ordinary cigars. Son after
the organization the Continental
Tobacco Company. however. the
American began plans to enter ne
cigar busin Inasmuch as II had
found that its position in the cigarette
business had been greatly strengthen
ed by the control -: machine patents.
il began experimental with ma
chi.IeS r-r MAXIM ciga.s. Up TO IN"
present time. however. machinery mas
hccomc Il cpmpara'ivtiy little impOr.
lance in the manufacture o: any but
the cheaper tyres Of cigars. Never
theIcss. fhe American Tobacco Cam
panv Interests in lo"I eDtered "Xien'
sivcIy into II" cigar business by the
organization g.. the American Cigar
Company
This company. incorporated Jan
nary -. 1891. siar;'d with an auiSS
rizei cI.its1 stock cf Si".""."''o. vi