New-York tribune., 1911-10-02

and tho action ~ tIe grand jurF a. ~
changed our opinion on that point
Twelfth-The three companies do'n< .i-i
rcss in 1892 by the consolidation of wii'n-
the United Shoe MachiIerr "npanN Nis
formed were not competing compdh'r'
The principal machines which ea'n mdp9
did not interfere with tho machihtN mtus
nv snv other OF the .hree companies. me
GOODYEAR Shoe Machinery COMPANY thieNY
made machines for sewing the sole 70 tne
ttpper IN welt shoes and various aunuaty
machines which helped 20 perfect inc stoe'.
the Consolidated ard Mckay LafunE ~
chine ComDan- MADE machines Tor lasting
2 shoe. an entirely distinct operation TIE
McKav shoe Machinery COMPANY mane
tnachineT FOR attaching sOles and heels ~
metallic fsstenings and furnished materlat
for that purpose. The object ~ the con-
soIidation was not 70 destroy competition.
The purpose was to reduce tho cost ot pro-
duction Of the machines. 10 improve ms
quality OF service furnished without IN
creasing the cost IN TIE snoe rnanutactuleI,
and 10 give 10 each manufacturer VINO
might wish N an opportunity TO get from
single company under these improved con-
ditions such OF these machines as ne mlent
need I'm that department OF the tactoty N
which soles a nd heels are anached 10 up-
pers-the machines In what Is known a.
the "bottoning room II was intended ~
give 20 shoe manufacturers a convenience
similar n that which q great departrleh.
store affords ifs customers, or which coal
dealer offers 10 those who NAV prefer 20
buv coal. wood and coke in a single estab-
lishment. -
Thirteenth--The beneficial results OF me
consolidation and of the company meth-
DDS both 10 the shoe manufacture ana the
consumer. have been manifest ~ leasing
machines 70 all manufacturers large ahn
small. on the same terms the colhhan.
ables the small manufacture 10 nave n
credit with every leather dealer. prtFiousN
entirely unknown. 70 establish himself IN
business and cOntin Je business Ntnput
tying up a large and perhaps prohlpl,n'
arnoiIrt Of capital IN his machinery. cor
scious that he ~ under no disadvantage IN
competing with the lars manufacturer VINO
nerbaps might feel Better able 70 tie -
portion OF his capital u costt r,,, 80
yoachirerv employed in any otner large IN
dustry Competition IN the snoe MANI
featuring industry in consequence - note
free than IN any other extensive iudustry.
There are over /. 900 Individual concerns IN
the United States
Observation-Disclosures the royalty svsoer1
shoe manufacturer can start N oustness
WITH a modest capital and although shoee
are made on close margin or pront' rs
capital. being /, liduid form, can oe tlrne"
several times 2 year, thus giving tns u4aL.u,
facturer a substantial pronL on - -
volume of business. while giving tne co.
Gunner the benefit of the narrow margin oi
nroht on each pair Of shoes Inere y TO
otEer large industry OF which tnis u uu--
THE manufacturer ot textiles. before pesln-
-, b,1e,naas IS corr1 p.lled &C install COM
niete eouipmert OF machinery a. 80.
yl1ich Is prohfoitive, except 70 concerns ot
large Capitalization. The indus'ry mus.'
,barerora be concentrated n COMPARE
ti,,eIy- few concerns. while any shoe n1anu-
fact,,rer can start business with norinsl
irvaetrnent of capital for macnneFy n
,ronor-ion 20 the amount OF capltaI lnVSs'
ed me value Of the product exceeds tnae
on any other industry 49,.
Tbe vatrhword OF the company has oeen
a+7cjencv-efficiency IN the msnuracture ~
machinery. efficiency z tnvenrng ana H.
nrovinR machinery, enclency n heeE-u-
that machinery in the oest posaiois o9e'a
a. ard has 1onz been the policy of IRE
.ay,,nar1, m maintain at its own expense a
largo force Of skilled mechanics, Whos-
business and duty IL is 70 attend ano Eeep
in perfect repair All machines 'eeS7" "
manufacturers Of shoes
THE shoe manufacturer cannot pracrlcd!ly
giye his attention 20 the manufacture or
~epair Of machines he must centre rs
efforts skill and energy on ulaAil5 slo =.
ror MIN this COMPANY furnishes, Keeps m
repair and improves all its machinery leased
II Ives practically without charge I'll the
benefts Of research. study ana lhFentlon
In the art Of shoe machinery.
And for this service n receives on tne
ayersr 20 less than % cents per rair or
sboes FOR two-thirds Of all shoes manu-
featured I'm the United states, II al IT'S
machines were used In their nanufacture,
II would receive less than Z l-3 cents per
pair 49,,
The company has pUrgced this course be-
,ausa n was good hU sinrss policy, but 70
believe that the companT, as az present
orgs nized has been an uuqIallned oeneht -
ne shoe manufacturers ~ Massactusetts
,rd the Tinted States. and 70 r1e opera
80. IN shoe factors cs. while tho public
i,.e bean the greatest beneficiary ~ all