New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-30
The Guarantee Deposit

The Guarantee Deposit.
4 guarantee deposit was MADE win
Jackson. and the amount go oepositeo
vas to be forfeited 10 the remaining
,,,er,hors 81 the association should one
If the corporations resign. This deposit
WAS to he made up from payments oil j"
cents for each one hundred POUNDS Oh
hare copper wire for which the corpora
,ion had taken orders during the prevl-
Gus month in excess Of It's allotment
Tho rules required that every corpora
zion immediately upon the formation OF
tho association should deposit with jack
son 5000 to be known as general
deposit" In the event that any member
of tho association should withdraw or
fau ia pcrforln any of his obligations
,ris gum WAS 70 I've forfeited and dis
,ributcd among the remaining members
81 tho association. This fund was
ewclled bv n payment Of five cents Tor
each lGo pounds on all orders reCelNeo
during the previous month.
Schedules of prices at which the nm
islcd product was To- he sold were 's-
tahlishcd hy agreement and tins prlce
had 10 bo observed until changed by
.te,kson ar q now agreement By all the
t.fsnda9ts. Detailed accounts OF all
salcs we're t. be furnished to Jackson
vrc also vas t. be supplied with daily
reports.
Tho indictments against the other COM
binaticns were identical in description OF
tho restraint 81 trade IN the other steel
nirc products involved
where the Bare copper Wire Associa-
ton was alleged to control 81 per ccnt
~ the output Of bare copper, the other
combinations controlled the production
of their factories as follows: Lead IN
cascd rubber. ~ per cent Of the total
ousnit IN the United states. rubber COW
cred wire. ~ per cent. fine magnet wire
+" per cent. wcathorproof and magnet
wire. 80 per cent telephone cable. 81
per cent: horseshoes. 10 per cent, and
wire rope. 80 pcr cent
Some Agreements Have Expired
The Horseshoe Manufacturers Asso-
.iation was charged with having con
trued its Illegal combination until the
present time. while the term Of agree
ment Of the Telephone Gable Association
ceased according to the indictment, on
January 81. 1910. Tho Weatherproof and
Magnet Wire Association lasted until
November 1909, and the Rubber Cow
cred Wire Association was said TO be
still an active organization. The Fine
Magnet Wire Association expired In June.
1910. the Lead Incased Rubber Gable
Association in January. 1910. the Under
ground Power Gable Association in April.
1909. and the Wire Rope Manufacturers
Association i'm January. 1909.
Herbert J.. Satterlec. who was indicted
as presiden, Of the Habershaw Wire
Company. is at his summer place at
Great Head, Me. Frank J. Gould. who
and Nail Company. IS in Europe, and
Charles r. Brxpkcr sailed for England
on Monday.
In the absence of Judge Gary. chair
man Of the United States Steel Corpora
ton, no statement could be obtained
from that company. one OF the solicitors
for the Steel Corporation said that the
pooling business had started many years
ego and had continued until about two
years ago. when the practice was aban-
Gened lie asserted that il has not been
in existence since.
The pool agreements, he said. were
started by man named Jackson. and
were ander his sole advice and direction