The Hawaiian gazette., 1916-08-01
American International Corpora
- ton Reaching Out For Bust
ness In Pacific Countries
FORMER MAIL LINER
WILL TOUCH HONOLULU
viii Bring Islands Into Contact
With One OF Worlds
90 Biggest Concerns

@t1lWhen the Pacific Mail steamship
EcnauuI ar,I,rs here. about August -
irUm ~nu Francisco, Honolulu will be
directly ~ rruch %ith one of the great
sst 81 all NArncun corporations; the
America Int, irrational Corporation
which, with ". Il. Grace 4 Co., the
STEAMSHIP "w Errs and operators, bought
GOntrnl IT the Mail last year.
Almost d"ily there come reports of
the expanding activities OF this great
company. It recently took contracts for
sewer work in South America: now il
has organized the Rosin 4 Turp"ntinr
Export c"mv4ny to control these trades.
and it has uh,uined "a charter for ter.
ninalS in Delaware. Probably no
American e, mpamy ever has undertake
actin itirs Of such scope The corpora,
tim is ca, itHliHrd at $50. 0O0, 900. but
IL has tn" National City bank of New
York, hlgrst in America. behind it.
and its rrnUurrrS virtually IRE unIimlt.
ed, for the National City is the Rock"
Teller bunk.
Follows German Plan
BY It's entrance into the naval stores
tnde, through the organization Of the
Resin and 'furpentine Export Company
Of Georgia, the corporation has taken
what may prove TO he the first step
in the formation of n number of export
combinations SOmeN hat similar to the
German cartcls.
Plans of organization and state.
ments Of the purposes of the com.
pany, which controls a producing ca
paeity equal to al least 80 per cent Of
the export demand, have been submit.
ted to the federal trade commission and
the attorney general. These plans
were approved by eminent counsel. II
Is hoped that any Indebtedness about
the ultimate scope of the operations
OF the company will be cleared up by
the passage of the bin now in congress,
fathered by the federal trade .eommis
sion, and broadening the scope of com
binatiOns organized for export trade.
The ROsin and rurpentine Export
Company, which includes the old Rosin
and TurpeHtine Company, of Delaware,
has a capital of 5000, 900, with the priv.
iiege OF in 'reasing this to So. 500 900.
Tho majority of the stock is held by
the American International Corpora
tion. J. A. g. Carson of Savannah will
be president and George J. Baldwin
viee-presidPnt of American Interna.
tional; yice-president.
Company's Statement
A statement issued from the Offices
OF American International Corpora.
tion says, in part:
80 The company is organized solely
for the conduct Of an Export business
N rosin, turpentine and other naval
flores. strong union of interests is
necessary ut this time to protect the
trade, which has suffered greatly
through combinations among foreign
buyers and consumers who have been
able to control the prices because of |
the lack of organization in the pro
ducing end in this country and because
OF lack Of capital in the export trade. |
In the southern states, where the
production is centcred. practically |
all the turpentine and rosin are handled |
through factors, who, as "A rule |
finance the Individuals who gather the
product and then sell their goods at
current market prices.
1.-THE naval stores business amounts
70 about 5000, 900 per annum, and the |
factors have not been in a Dosjtiou
20 hold their product for good prices,
but have been compelled through lack
OF capital To sell AT whatever price the
immediate market afforded This
weakness allowed the formation Of
combination among the buyers. with
the result that producers have not re.
eeived adequate compensation for their
efforts.
America Leads Trade
America leads in both quantity and
quality in the production of turpeutine
and rosin, France comes second and
Russia third. The Russian turpentine
10 Of an inferior quality. Something
Dyer fifty per cent of our product has
been exported, and our chief customers
have been as follows: I,
WI r.. TURPENTINE