The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-02-22
WHERE EVERY
PENNY COUNTS
CONTINUED froIn page 81

STOCK aud AZ fttht once tlncN huf
helped the organisation out Of trouble
by lending Il tg.oO0.00o. Thus The
Two concerns are working together
The nex, year afIer the English con
hnnilon was formel--is s9S-.an Amer
can Thread Trust company was form
81. II was made up Of the thlrleet
leading American concerns--all IN
deed. but one. of The large domestis
companies went into H. No sooner
was this done than the dsnglish Trusl
bought the majority Of the Trust'f
stock. Here then was an Engllsl
Trust owning and controlling th,
American Trust and debating It's pol
Icy from the other side OF the water
And this British Trust WAS affiliate
and partly owned By the still large
concern the ]. & p. Goats company
II comes down 10 this, that the SiS
100000 Goats concern controls prat
iically the thread business Of Englanf
and America, No sooner was the En-
liah CONTROL complete here thar
thread was adyancei,
Mr. Archibald Coats, the ilgnlfe
head Of tle Paisley concern, whei
twitted not long ago Of using hi
monopoly 70 rut up toe price
thread insisted with great lnaigaatlo
that the advance was due entirely {
the higher costs of materials More
over. be said be Was not q monopoly
taat there were H. the world IS
thread concerns outstic Of those 4
which he was Interested. Mn coall
materials are higher cotton, fue
np0ol.wood have advanced, but on III
other hand Mr. Coats llmsell call
attention 10 the savings nc ana hi
c0lIeaguee eject BY taeir comblni
lion. both IN manufacturing aad y
selling These economies the repro
sentatIves Of the american end
sbe trust told tae Industrial commits
sion In 1900 were "ilnmcnae." Ftre
mendous.' Mr. coats stated IN bis n
port of 1906 that ;he profits o. hi
concern IN the second ave years
.he combinltion--thE ls, after tn'
price 81 threaa vent UP, and els
after the price og materials hal goA'
np-were nearly thira greater iha
n she FIRST Ave years, They eeltalnl
were highly satisfactory l-a profit Q
gia csc. 600 & year on capital 0f FiS
C0c 600 Is doing welil
the fact seems 10 be r. spite &
Mr Goats Indignation that througl
nls monopoly and o tariff tn tais con
try freeing sim from The competltlo
az the 1880 concerns whlcA IN iFe'
trade England may affect him nom'
what he "a able 40 sell his tnIea
here al double the price We d9eh !
England and 10 Increase lis pronl
III Ave years NJ some sa ~ pt
cent. nnd tAis III time when ~
materials have largely advanced. Una
IA Mr.. Coats rni als friends hay
aeeE able 10 make the millions {
Ihis and othhr lands bear oil the Ruf
nantlonp and vlrissitudhF Of the three
tlYae. Whatever hapnens he cut
project himself and bis favored Voc
men from saarag any Of the LOSSES G
his business. he can egea increaH'
hIs nrofls. taking them largely gu
af anne i2 2l00. 600 American faI1ille
on $500 OF less year
What she Thread trust AaH Bee
nbIe 10 do nearly all OF our kfea
trusts nave aone-only II this cas-
II Is the EnglisTman not the amer
am forcing the American 70 tag,
care Of the ups aud down n The BUS
ueas Thnt the buyer Of goods shoul
take his share OF the losses OF pre-
anrtIon aobOdg wlll 6eny but tha
tsas should Ell be shifted on q
shoulders and the manufactures g
ne same time take an extra prom
msl Of him Is certainly a Just eaus
sor complaint. That tae tarih aa
Anlv makea hnl suatains numbers Z
trusts which are pfsctlclng inis "
position nouf millions nobody ca
aouM Who viii examine the rise AZ
nneratIons oG concerns like ~
thread trust With the tariffs and u
datea of combination IN hand
Ths olueoae Trust and what i uoe
al The Public,
These tariif.trusis are aot eoniine
4 attlcles Of clothing. Trey eHee
snmberlass essential household q
ilalea wake the item Of stafcn, frai
whaiever product made L carries
6ntv eF to eerts pound stare
ma III related products made fFoi
..sr arc now largely controlled 7
iha Glucose Trust ea i u eaiiel
rhA corn PRODUCTS company 70
clncose trust Is popularity known
STANDARD oil coneera. Ioat son
nany has recently l-sned 4 proisl
ma Warming" against the asspel
tlan II iue anme 81 the two concern
uaf ID long as the headquarters
The Corn Products company are
nroadwaY, It's president II difeet'
II the STANDARD OIL company and Iol
af lge directors are Oh the I3oald Of Z
tartors al the Standard OH compal
the protest and warming VIII hay
Intie Influence ON d cynical publ
ThA Glucose Trust went into optr
lion III 1907 and It's first beneIleens
ia The public was jumping the prls
III ordinary laundry starch some
nef cont. In statement presentt
at ihe recent tariff hearings ! e0I
plaInant said that AInto the form
ton of The Glucose Trust n spite
many improvements chemical ~
me1aanlual, corn starch which Il
VaA#a .tad anII II xf.U0 III 81 50 ID
400 pounds III New York now sud
car load lots ii s26b per 100 pounds
Without the tarlif thia cnmhlnaiie
cunld not last 4 day for both Englaf
and Germany could compIeto wll
them. Not only compete II prle
Int uulstrlp them ID quality for M
ufHIl4 enough CONCERNS like the gai