Newspaper Page Text
THE AlUaWB TUESDAY. APlUL 2G, S92.
rabHahwd Daily andi Weekly at U24 Seem
ATenne, BocaUland. Ill
J. W. Potter.
Tun Daily, 50c ptt month; Weekly,
Afleoaunaalcattorie of a critical or argnmei U
ttva caaiacter, lolitical or religions, man hiiTe
ml Muse attached foe poblicaUoa. No m ch
aitidM will be prated over fictitious eigutaris.
ABoaymonj communications not noticed.
CDrreepoDdence foltched from every town tip
! Back Island count.
Tckbdat. April 26, 1893.
CALL, for democratic HTA1B
rVOXVEXTIOX Or ILLIXOIl.
Headqaartera Democratic State Central Ca
aatuee ot IlliDois, fehermaa House, Cnieif a,
Febtaary M, lum. A Convention of the Det
crarj of tbe State ot Ilttnoi. to hereby called to
oeei m tbe Hall of tbe Hon of BepreeentatlTf a.
In Pprtngfteld, UliDota, on Wednesday April iTti,
18Si,ai o'clook r. n , for lb a parpoae of nomtr
nating candidates to be voted for on Tuesda,
Korember 8th, lWtt, for tbe office of Governo-;
Lieutenant Governor ; Secretary of State; Audit
of fabbc Accounts; Ireaaarer; Attorney teoe
al; Hire Trustee of tbe I'niverslty of Illinoti ;
Two Congressmen at Large; also for tbe purpoe
f setecuna; one Presidential Elector from each
Coagreastonal Dirtrict, and four Presidentul
Elector from the state at large. Two delegate
from each Congressional Pisulct and eight deh
rate from the state at li rge to tbe Democratic
National Convention, to be held in Chicago, June
11, lKhl. One State Committeeman from eaci
Congressional District, and seven state Com
mitteemen from the state at large, and snch other
basinets as may properly come before tbe eoc -veotion.
1 he oasis of representation for eacli
county shall be: One delegate for each foar
hundred votes cast for Cleveland and Tburmaa at
tbe last .Piestdettial Electioj, and one delegate
for each fractional part thereof, of two hundred
votes or more. Uoaer this call the represematioi.
of Bock Island county will be, on S,M votes V
order of tbe Democratic State Central Com
mtttee of Illinois. Daio P. Paaxra,CQairman.
Tao. NsLsoa, Secretary.
The following resolution was adopted by the
Democratic State Central Committee, February
He it resolved. That it is this sense ot this Com
mittee, that the Australian Ballot Law applies to
tbe election of officers at the annual town a eet
ing to all elections except as specially excepted
in-said law, and this committee recommend that
all elections to be held for town officers this
spring, be held aider the provisions and according
to ue letter oi saia law.
Congressman Cable is talked of as a
delegate-at-large to tbe national conven
tion and also as national committeeman
THE CORDAGE TRUST.
HOW IT EXTORTS ENORMOUS PROF
ITS BY COMBINATIONS. .
Bow It Is Protected A Long Straggle
to Force la the Independent Maaafae
tarera All Now In One Largo Divi
dends and 1,000,000 Surplus.
Hemp and its substitutes manilla,
sisal grass and jute constitute the raw
material of two important industries,
those of cordage and bagging manufac
ture. The most important of these is
the cordage industry, which comprises
the production of all classes of ship and
other cordage, rope and binding twine.
It is seldom that these products are
manufactured in separate establish-
boonc, Jr.. Brooklyn; Joseph C Todd, Pater
son, and John Good, Brooklyn.
In addition to the forty-five concerns
mentioned above, the trust claims the
control ot four others, making a total of
forty -nine properties.
At the time of its organization, in 1887,
the trust announced as the object sought
by its formation an increase in the
profits to be derived from a lower cost
of materials by the removal of compe
tition in the market and from the econ
omies to be derived from a decrease in
the cost of production. It was asserted
time and again that no attempt would
be made to raise the prices of its fin
- The claims were repeated at the time
of the reorganisation as a corporation,
and finally in February last in the an
nual report to the stockholders in the
following , terms, "Through these ad
vantages secured by the control of many
menta. Nearly all the materials used
are imported, and the establishments in '. mills and their management under one
the industry are quite widely diversified ( direction, the company hopes to be en
Ihroughout the country. A scheme to abled to secure an increased margin of
combine all these establishments into a ' profit without increasing the prices of
gigantic trust would have been consid- j its product to the consumer."
ered impossible several years ago. Now, j Has the trust up to the present ear
however, after the people have become , ried out its promise, or if not, is there
accustomed to the sight of trusts and ny likelihood that it will do so in the
combines as a result of the tariff, its sue-. future?
cessful accomplishment excites little j In the following table is shown the
comment. average yearly price per pound since
The duties on the material and on . 1885 of the raw material and finished
cordage and twine are as follows: product. The articles, the prices of
Ad valorem . wnicn are given, are mamiia hemp ana
Thx Cleveland followers in Illinois
siiculd profit bj the experience of their
brethren in Indiana last week, and keep
their hands off the Palmer bizz saw.
The indications are thai Judge John
P. Altgeld. of Chicago, will be tbe dem
ocratic nominee for governor of Illinois
notwithstanding the opposition of tbe
Chicago Herald and several provincial
democratic journals throughout tbe
It is claimed in some quart rs that ex
President Cleveland is the logical" can
didate of the democratic parly. This
may be true encagh, but it doesn't dis
prove the fact that there will be 72 vo.es
hostile to him from his own state in the
Tkk results of the Indiana democratic
slate coavenlion are most satisfactory to
Isaac P. Gray. While he in no wy at
tempted to dictate the nomiLation, it is a
significant fact that all the nominees are
warm political friends of his. The dele
gation selected to the national conven
tion is also favorable to Mr. Gray, not
withstaidictr tbe ante-convention claims
of Cltveland shouters.
It has been proposed to place the com
plete roster of the Grand A my of the
Republic within the Grant monument at
New York when it shall have been com'
pleted. According to Gen. Horace Por
ter mere are ouu.uuu veterans now en
rolled in tbe organization, and nothing
would please them better than to have
their names placed in tbe mausoleum
where future generations could see them
Cte. per lb. Per cent.
Sisal grass. Free
Binding twine. 7 1-10 17
Hemp cordage. ?4 S8
Manilla cordage. 1H 16
Jnte cordage IV, 16
Tarred cordage S 28
Previous to October 1887, the cordage
manufacturers were in a combination or
pool, the object of which was to fix
prices. In 1887 this pool fell to pieces
and the nucleus of the present Cordage
trust was formed. This nucleus was
composed of the following concerns:
Eizabethport Cordage Company of New
manilla cordage seven-sixteenths of
inch in diameter and larger:
186. ISC. 18S8. 1SH9. 1890. 1891.
Cts. Cm. Cts. Cu. Cta. Cts.
J lb. lb. a? lb. f lb. a) lb. a? lb.
Cordage 11.70 11.51 11.15 14.57 14.53 0.S4
Manilla 7.68 8.54 8.04 13.00 9.77 7.85
Difference.. 4.08 .87 2.11 1.57 Tt6 2.04
These figures would be misleading
without explanation. The high prices
of the raw materials prevailing in 1889
were in part due to the shortage of the
crop, but chiefly to the manipulation of
the market by a combination of the
Cordage trust and English brokers. In
the fall of 1888 this combination began
to corner ine proauct witn sucn com
Jersey and the Tucker & Carter Cordage ' piete success that during a laree oart of
company, L. NNaterbury & Company issfl thev conrrolW noarlv all i.h stvlr
and William W all's Sons, all of Brook- , The nrices nrevailins in 18H9 wptw thr
at which the trust was willing to sell
and not the prices which it paid for
the raw material. By this corner of the
material the trust was able to keep up
the price of cordage to the high aver
ages shown for 1880 and 1890 until it
had succeeded in working off the whole
stock on hand. The difference between
the price of the finished product and of
the raw material for 1890, as shown
above, was about the actual average
difference in 18S3 also. This shows that
the trust succeeded in making c-normous
profits entirely at the expense of the con
sumers. The reduction of the price of the cord
age in 1851 was made for a purpose.
During the whole year the trust was
negotiating for the control of the inde
pendent establishments and its success
depended upon its ability to force these
outsiders to terms. For had the trust
kept prices up the outside establishments
would have refused to join the trust, or
would have held out for more favorable
terms than they would have been will
ing to accept under other circumstances.
By October, 1891, the trust had so far
succeeded in securing control of the
competing mills that it was able to ad
vance prices again. As a result the
price of cordage has been raised from
tt-i cents per pound to the present pric e
The trust, as thus constituted, suc
ceeded from time to time in uniting with
it, by means of contracts or leases, six
other companies situated in various parts
of the country east of Ohio. At the time
of its organization the chief object of
the trust was to secure the economies '
arising from the purchase of its raw ma-
terial on a large scale. From this was
gradually evolved the idea of a control
of the production and-price of the finished
product. This was the purpose for which
he contracts or leases were made with
the ten concerns in the trust. Under
1 hese contracts the different companies '
igreed to make secret comietitive bids
ach year for the production of cordage.
Ihe trust agreed to furnish the material
t.nd to award the contracts for the year's
jiroduction to the lowest bidders. Be
tides this the contracts bound the com- '
tanies not to engage in production on
their own account. This worked well. '
I ut internal dissensions soon broke out,
f jr manufacturers who had bound them
Silves by contracts found little profit in
seeping their plants idle for a vear in
case they were not successful in secur
ing contracts by low bids. '
It was these internal dissensions which
induced the trust to secure a corporate
diarter, and by purchase of the plants
niaer contract to strengthen its power of 11 '4 cents per pound. And this a.1-
a:id increase its control over the pro- ( vance has been made directly in the face
Tn Chicago Herald ' Washington cor
respondeat, speaking of the departure of
noted democratic congressmen to attend
Illinois' state convention, says: "Con
jrreaemen. Scott. Cable and Forman have
goa to Illinois and two or three other
merrbers of tbe house will attend the
state convention. Mr. Cable is acandi
date for delegate-at-large and is likely to
be elected. Senator Palmer's letter to
Chairman Phelps, mailed last eight, be
ides an outline of the senator's news of
the proper action to be taken by the
state convention as given above, contain
ed a reference to tbe election of Hr. C
ble as one of the delegateeat-large . Pre
vious to this the senator bad written a
letter to Mr. Phelps expressing the hope
that Mr. Phelps would be one of the del-egates-at-large,
but on Mr. Cable inform
ing the senator that he had an under
. standing with Phelps by which be (Ca
ble) was to be the delegate for the north
western part of tbe state, Gen. Palmer
wrote a letter, which he read to Mr. Ca
ble,', saying to Mr. Pbelps that as be
tween the two he could not interfere. It
is understood here that Mr. Phelps and
Congressman Cable haye an understand
ing by which the latter is to be the dele
gate from that part of tbe state. Mr.
Cable is also a candidate for national
d action of cordage. When the trust se
cured its charter in October, 1890, it had
contracts for the fee of the following
companies, in addition to the four men
tioned above: George C. Pooley & Sons.
B iffalo; Xenia Twine and Cordage com
pt jy, Xenia, O.; J. Kink's Sons, Easton,
Pik., and the Akron Twine and Cordage
company, Akron, O. In addition to
these it controlled by contract the fol
lowing: Victoria Cordage companv.
Diiyton, Ky.; H. R. Lewis & Co. and
Bt.umgardner, Woodward & Co., Phila
delphia; the New York Cordage cotn
pa ny , New York ; the Atlas Cordage com
pany. New Orleans, and Randall Good
ale & Co., Boston.
Having thus successfully accom
plished its reorganization, the trust pro
oeiled to take steps to acquire other
properties. In 1891 it secured control of
of a declining market for the material
The present price of the manilla for
' shipment is 6;' and 7 cents per pound.
The difference between this price and
that of the finished product is therefore
4.38 cents per pound. The promise made
by the trust that the increased profits
( which it hoped to secure from organiza
tion would not be at the expense of the
'consumer has been completely forgot
ten. In spite of the fact that the Cordage
trust engaged in open war during the
j whole of last year with the independent
manufactories for the purpose of forc
( ing them into the trust, it was able to
j make very large profits. During the fiscal
year ending Oct. 81, 1891, the trust made
a profit of $1,406,313, which enabled it
j to declare dividends of 8 per cent, on the
7ta Excellent Oaaiitiea
Commend to public approval toe Cali
fornia liquid firuit rrmtdy byrup of Fig.
It is pleasing to tbe eye. and tc the taste
-nd by acting geutiy on the kidneys, liver
snd bowels it cleanses the system effect
ually, tberebv promoting tbe health and
comfort o. ' 'wbntseH.
Blood poisoned by diphtheria, the grip,
typhoid fever, scarlet fever, etc . is made
pure and healthy by Hood's Kirsaparilla
prererrea ana v per cent, on the com-
the eleven cordage factories in Canada. ! mon stock, and at the same time left a
which gave it a complete monopoly of . balance of $106,313.
the industry there. At the same time j As a result of the higher prices since
the trust secured options on several of J October the financial director of thvj
the outside establishments in this coun- , trust felt justified in making the follow
try, and in order to provide funds for j ing report for the quarter ending Jan.
the purchase of these it organized the 31 last: "It is very difficult at this time
Security Corporation of New Jersey, to to give an accurate estimate of the profits
wk ch it turned over its options. It was 1 of the business for the quarter ending
agrsed that this corporation should ac- j Jan. 31. I feel safe in stating, however,
qui-e a majority control of as many in- that after deducting expenses, rentals
dependent plants as possible and then ' and all fixed charges, these profits will
leate them to the trust. The first move be found sufficient to pay the entire an
on tbe part of this annex to the trust ! nual dividend of $400,000 on the pre
was the negotiation of a mortgage for j ferred stock and a quarterly dividend of
$6,000,000 on the properties already ac- $250,000 on the common stock, besides
r in ed and to be acquired. The trust leaving a large surplus." Should this
rbeii arranged a lease of these properties : rate of earnings be continued through-
at ai annual rental of $360,000 per year, out the year tbe trust will be able to
being a payment of 6 per cent, per an
nun on the mortgage on the properties.
By the terms of the lease the trust also
agreed to make a sinking fund payment
of ( 225,000 per year, to be used in pay
men; of the $6,000,000 mortgage. By
this means the trust will become abso
lute owners of the properties at the end
of twenty years.
So far the plan has worked as success
fully as could be expected, and the trust
has row secured control, by purchase or
lease, of the following companies in ad
dition to those already mentioned:
The Sewall St Day Cordage company, the
Bob toil Cordage company and the Standard
Cordare company, all of Boston; the Day Cord
age company, of Cambridge: William Deering
& Co.. Clicago; the Field Cordage company.
JCenia O.: the Miamisbnrg Binder Twine and
Corda:e company and the Middletown Twine
and Cordage company, of Ohio; the Galveston
lttjpe irnd Twine company, Texas; tbe Suffolk
Cor dace company, boh ton; the Pern mills. In
diana; the Hanover Cordage company, Penn
sylvan a; the Donoel Cordage company, Bath,
Me.; Ut New Bedford Cordage company. Maa
sachusjtts; the Lawrence Hope works. Kew
York; 'ie Peoria Cordage company, Indiana,
and tl e American Bagging company. New
York. The trust has also secured control, by
porcbaie or contract, of the plants of the fol
low ing manufacturers of machinery: W. C
pay the dividend of 8 per cent, on the
preferred stock, 12 per cent, on the com
mon stock and have $1,000,000 besides to
be added to the large surplus earned
during the past quarter, which latter
will be increased 300 per cent.
A Double Buttressed Trust.
A trust that is buttressed on one flank
by a protective tariff and on the other
by a patent right is very hard to dis
lodge. This has been demonstrated to
the satisfaction of the people of Minne
sota. The legislature of that state
thought it would be a good thing to set
the inmates of the state prison at work
making binder twine for the farmers,
and made an appropriation for procuring
flip nmMffiarv martriinprv Tint it vm
patents on improved machinery, and
would not sell to the state without a
guarantee that the state would join in
the conspiracy to maintain trust prices
and sell its product within a prescribed
area. Here was an unexpected dilemma.
At last advices the sovereign state of
Minnesota had not-gone into the twine
Is a common expression, but no man need
feel ashamed to be found dead with a pair
of our $3.00 or $4.00 shoes on.
The Philadelphia Toe
Is a favorite with the ladies, and we have
it in both shoes and oxfords.
Ladies' $3.00 shoes a specialty.
Fail to do Our Duty.
Everybody has at times failed to do
heir dnty towtrd themselves. Hun
dreds of lady readers suffer from sick
headache, nervousness, sleeplesoess and
female troubles. Let them follow the
example of Mrs. H. Herbechter, Stevens
Point. Wis,, who for five years suffered
greatly from nervous prostration and
sleeplessness, tried physicians and differ
ent medicines without success. B it one
bottle of Dr. Miles' Nervine caused sound
sleep every night and she is feeling like a
new person. Mrs. Elizabeth Wceeler,
Laramie City, Wyoming, who tried all
other remedies, declares that after tbree
weeks' use of the Nervine for headache,
nervous (.rostration. etc., she was en
tirely relieved. S Id by Hanx & B&hn
sn. Trial bottle free.
Hot Springs Skin Soap.
Prepared principally from tbe evap
orated waters of the Uot Springs. Arkan
sas. Delightful for tbe toilet. Tbe
healing powers of tbe Hot Spring of
Arkansas hive long been known and rec
ognized by the medical profession all
over tbe country. Tbe manufacturers
believe tht in presenting to the public
their Hot Springs Skin Soap, they have
given a worderful oppor-tunitv for pre
venting all kinds of skin disorders, and
believe that their p .trons will be well re
paid by its constant use. For eale by all
druggists. Hariz & Bibnsen wholesale
Miss Flora A. Jones, South Bend, lad.
Purchased a bottle of tour "blusbes"
of Arecd. cor. of Fittb ave. and Madison
st. I find it delightful. Will gladly rec
ommend it to others- Yours respectfully.
Feed M. Roberts
With Marshall Field & Co . Chicago, 111.
Mr. Roberts is not the oniy , one who
finds "Blush of Roses" delightful, as
many ladies and gentlemen can testify,
ho hsve purchased it from T. H.Tboma.
makes child birth easy.'
Col via, La-, Dec 2, 1886. My wife used
MO THEE' 8 FRIEND before ber third
confinement, and aaya she would not be
without it for hundreds of dollars.
Sent by express on receipt of price, 11.50 per bot
tle. Book "To Mothers "mailed free.
ro uu nu wwmh. ATLAMTA OA.
fcOLO ST BilTZ ft BiaSSKI
IT WllL MOT
IP YOU TAKB
$SOO Reword lor aav
injurioiia aabuaaea (otu4
Will Cur any
a jn. m
u n mm
Money refunded if not
ai aay. Seat postpaid
on receipt oi price.
NORMAN LIOHTY. FAMILY OHIMWT.
Dos Molnoo. Iowa.
Forealebr all druggittt. Haru A Bannsen.
Leave Your Orders for
Corner Eleventh street nd Tenth arena.
Tele hone No. 1290.
H. F. LAMP Manager.
ISVt! CHE r SCMINAl, (fV0WS
ItiKAftT TIOtlEKS TMS0,
K!SSlt-SCI d on rti. l
STIMACH MHICtTtsts It SKCti
T4IHTT 01 aitarFOIiTMtlT,
tl?4r MHfTa tbe went eeete la hoar
ee eereMecmtir eere, te l wears. ie
MlMiHea trial ej mere eieil far ti. dteler free.
THE PERU ORUO CO
. aatartBtUS WW (T.atl'HAalU
-axx sxiTDs or-
Cast Iron Work
done. A specialty of fmraiftilrg al kind
of Store effth Catlnjn at 8 cent
A MACHINE SHOP
ietn added erbere all k.cdi! of
work will be done Irft!ass.
NINTH Sl AM 7th AVE
DOWNING BROS.. Propts.
y c- i
KTT- Jrl-'J 1MB. ,PIU . rail VTT?fTTTTrTio
ia-re- F -
DIBILITiTkH trek I
STril GUMi! f ttuhte
EUCTtie IUT ADS SISrEUOM
All, for tbU.fcl&c F
peM. Car. el OfeerBffee Wekw, flTiD Vr!,. Bile, fteMe.
teeiieeea tarrvcte w .:tr1rlt. mitoqkii
al.rtfle Cerrwet rH 1..I1.II.. er ee forfeit J.W0 I. cub.
OKLT eee Heiea,art CeftM lal ... Torvt eec Per
it r. (a ,r.re tnoair.t. ne;w peaipBi me.
1 4jnS KI'CTKIC CO.
Stcddard'8 New Intellectual
ArthnWio at W. Trefz & Go's.
Kf ' f'222i Fourth Ave.
I aV WILL NOT CAU8E W
. I pr STRICTURE. ASKFOUj
CC I BlO Q MO PAIN. NO STAIM.I7J I
1 1 ruu. iHtTiwcriOfca with each gty I
aom.c tali oRiMcim. trl
VLV v CMrrral Cbemlrel Co M
T. H. THOMAS, Sole Agent,
PIAIOS, ORGANS, VIOLINS ft GUITiRS
. . .iic and St. PM
.1.. r . 1's.rt Lee Eo
t la mi 1 . 1
t -..I- L-inoanolis ana at-
Thraugh Sleepers and
KANSAS CITY, MINNEAPOLTS MD IT. MX-
mi. em r fllii
PEORIA, CtPAH Bvius a " oTpia
CHICAGO AND ctun
.v. r., I Mrt Let Eaci
. 1 me .w a I rl
THE SHORT LINE
-r-, i,-,wa Summer KeC"'l
For Railway and
i-aiiipiri ; ... K-s.
lien l llCart ai:. " a
for one. Mr nw;-;
On line of tli r.'i I" fZ T'M
smithvaWrn Mmnex-u ': ' y."-
w&W dnniplit aiwl ''!' ?' i -) i-i
TliousamU of cli' - a. r- 1 vVtiial
Local Kxoursi.'ii n.t. - 'aUK tiel
UCII I I Hl" -T . . A. I'.1 1 r
All of the V rTlrf - ' tr.-
tliis Railway arr . r:.r
are lislni with tl.e tr; ', V , st'
fomuttion liimi-li ;.,re J
TW4r on sale '' tli'V."--, ..tt i
points in the l':ii';-
parts of the I U!:"i
and 1it.1 ma;iTiif 1
local columns oi tuii I
.t, I, -. I
IVES. J- 7..:T.f-J
CE0P R"08- I0
Pent anywhere on 10 day 1
tnai. r reuiiu para rmn ware
geod for cautlug A price Uat
THOMPSON POSIC CO.
23V Wabash Are, CHICACO.
N. B.-Send cto parpottaire
anO we will end 2 piereeol
late music FIEE n1 or lanr;
cacahvorlipet Mnelc MM
Buuke with cut ratea.
Bdkcao i epmea
r ti.e i-1-.a-r H"
' my"?z.-- :cl
It u Biinmirnrea k
ID . ;eeo C Cfi-t-: - '
h.rn.l-e. end .'-',!!j?, ?,Tr
of oeiea. eJ m ery io r-.." - - J
for tte Uaa r nv- ' f rror"
,ee. C r-- I