Democratic Sentinel, Volume 21, Number 10, Rensselaer, Jasper County, 12 March 1897 — Page 4 Advertisements Column 2 [ADVERTISEMENT]

••Judge’ Healy will hereaft i ke :p on hand a select stock of ready made boots and -hoes, ami ■v.Jl al -u eoulince to manufacture to order work ettrusted to him.L'he judge’s well known good judg ruent of quality, workmanship and prices in his line will be a drawing ca r d for patronage Cobs for sale, 50 cts. a load, delivered. Phone 151. W. H. Churchill.

Farm Loans. Ws are prepared to make farm loans at a lower late of interes than any other firm in Jasper county. lh<- expenses will be as low as i the lowest. Call and see us. Office i - ' Odd Fellows’ Temple, near the Court House WARREN <t IRWIN, i

COLD FACTS ABOUT TRUSTS. Methods of Plunders Furnish Arguments for Anti-Monopoly Laws. Competition is Stranded, Dealers Made Agents and Prices are Raised. These are facts brought out by the committee appoint ed by the legislature to investigate the methods of trusts in New York state: The sugar trust, declared to be an illegal corporation by the court of appeals, reorganized under the laws of New Jcrs i y and continued to transact business in New York state. The trust absorbed properties, which could be replaced for $10,000,000 or $12,000,000, and recapitalized them for nearly $75.000,000. On this enormously watered capitalization Theodore Havemeyer admitted that the trust had made over 15 per cent a year. it was admitted that the trust controlled 0 per cent, of the output of relined sugar in this country. The sugar trust maintains its monopoly by the system known as the factors’ agreements. Under a factor’s agreement a jobber or a wholesale dealer in sugar becomes merely an agent, to whom sugar is consigned, and who must sell it at the prices fixed daily by the trust. The factor’s agreement entered into the operations of nearly s 11 other trusts. Figures showed that if the trust had been ratisfied with the same profit as the refiners made when there was competition the consumers would have saved $37 - 6500,000 in the ten years that the sugar trust has been in operation. Witnesses with expert knowledge said that the number of men who had been driven out of business by the formation of the sugar trust was nearly 15,000. 1 he common workman in rhe refineries owned by the trust seceives but about $1.40 a day. Workmen of the same class in the German and Dutch refineries receive $1 a day. ‘ The investigation proved that the soda trust, with a cabital of but $2,000,000 was earning profits of more than $900,000 a year. 'This soda trust iucorporrted under the laws of the state of New York, fixes the price of soda to the consumers in this state one-ceut higher than the. price it fixes for the consumers in any other state. The rubbes trust hai acxuired plants producing an admitted 75 per cent, and a probable 95 per cent, of the tota 1 output of rubber goods in this country. It was shown that it had closed down more than half of the plants it controls, thereby proving that it acquired them for the purpose of killing competition. The actual value of properties acquired is not more than $7,000,000 or $8,0r0,000. The capital stock issued is over $5°,000,000. It was p ’overt that upon all standard grades of rubber boots and shoes the trust had raised the prices from ‘>s per cent to 45 per cent. 1 ~ \ The tobacco trust’s officers admitted that it was organ- ! ized to secure a monopoly and had sb far succeeded as to ‘ control in the United States. pieties The evidence was that the tobacco trust had only paid / e 5,000,000 of its capital of 325,000,000 for actual assets Through the sid of the World the committee w2s able 3 to get at the bottom facts rega ding the great aiithra- ■< cite coal combine. The evibence was that in February ? 1896, the presidents of the great coal-carrying railroads < held a meeting, agreed upon the amount of coal that I should be mined during the year and allotted a share ’ to each road.—New York World. "