Democratic Sentinel, Volume 16, Number 16, Rensselaer, Jasper County, 6 May 1892 — A New Trust. [ARTICLE]

A New Trust.

The Iron Age announces that “negotiations are in progress looking to the merging into one body of the Association of Iron and Steel Sheet Manufacturers, the National Association of Galvanized Sheet Manufacturers and the Tinned Plate Manufacturers’- Associa- I tion of the United States. This association when organized will be a powerful one, and is expected to be of considerable benefit to the trade. A general meeting of the above three organiza- i tions will be held in Pittsburg on Wednesday, June 10 next, at which it Is expected the consolidation will take place.” This is just what the manufacturers of iron and stfel sheets, who were chiefly instrumental in getting the -in- ' crease in the duty on tin plate, have ; been aiming at all the time. The manu- ' facturers of galvanized iron have such a , complete control of that industry that when thd prices of terne plate were advanced, in consequence of the higher duty, they were able to advance the , nrices of their *al vanized iron in spite

of the fact that the price of the erode iron had fallen. The makers of galvanized iron favored the advance in the duty on terne plate for just thi&purpose. On the other hand, the sheet-iron makers favored the duty in order to make the price of tin plate so high that the cannere. and other large consumers would be forced to build tinning stacks for making tin plates, and thus become their customers for iron and steel sheets. The makers of sheet-iron and steel never intended to engage In the tinplate business, as the Iron Age has several times intimated. They know well that as long as the high duties on sheet iron can be maintained those who build tinning stacks will have to buy the sheet iron used of them.