Democratic Sentinel, Volume 17, Number 4, Rensselaer, Jasper County, 10 February 1893 — Last Year for Trusts. [ARTICLE]

Last Year for Trusts.

No two years have been as prolific of trusts as those of 1891 and 189& The advantages of the McKinffey tariff law to trusts are just beginning to be appreciated by many industries, and though that trust-pro-tecting measure has only six months or a year longer to run, yet new trusts are forming as rapidly as ever to get what benefits can be derived from the tag-end of McKinleyism. The Iron Age of Jan. 19 mentions some of the trusts now forming or just completed in its line. It says: “Consolidation seems bound to become the watchword in many departments of industry. Sessions have been held in Chicago by the wire rod and wire manufacturers, at which a representative of the largest wire plant presided, and a St. Louis producer acted as Secretary. The meetings are over, and further negotiations will he carried on by corresponence. Some of the cut nail manufacturers east of the Alleghany mountains are also talking of closer relations. The brass and copper makers are said to be near the successful issue of their negotiations, and a copper wire consolidation is well advanced toward its consummation. The Western cast-iron pipe foundries are to meet to-day.”