Trusts; or, Industrial combinations and coalitions in the United States . ment of June 19th, 1893,shall constitute the action of the Committee, and havethe same legal effect as the unanimous action of theCommittee. III. Tliis agreement shall become binding upon thesigners hereof as soon as the owners or holders of two 304 INDUSTRIAL C0:MBINATI0XS. million live hundred thousand dollars, par value, ofsaid bonds, now outstanding, shall have signed thesame, and shall continue binding upon the signershereof, until and including the first day of January,1894. If the arrangement above outlined shall
Trusts; or, Industrial combinations and coalitions in the United States . ment of June 19th, 1893,shall constitute the action of the Committee, and havethe same legal effect as the unanimous action of theCommittee. III. Tliis agreement shall become binding upon thesigners hereof as soon as the owners or holders of two 304 INDUSTRIAL C0:MBINATI0XS. million live hundred thousand dollars, par value, ofsaid bonds, now outstanding, shall have signed thesame, and shall continue binding upon the signershereof, until and including the first day of January,1894. If the arrangement above outlined shall nothave been carried out prior to that date, or if thisagreement shall not have been signed prior to Novem-ber 1st, 1893, by the owners or holders of at least twomillion five hundred thousand dollars, par value, ofsaid bonds, then, and in either of said events, saidbonds shall thereupon be returned to the depositors,and this agreement shall thereupon cease, determine,and become null and void. In Witness Whereof, we have hereunto set our hands,this day of October, 4. APPRAISAL OF GOOD-WILL. New York, November 13th, have been requested to appraise the value of thebusiness of the mills which will be owned and con-trolled by the United States Cordage Company. Inarriving at our conclusions, we have assumed threethings, viz.: APPENDIX XIV. 305 1. That the business of the United States CordageCompany svill be conducted under one central compe-tent management. 2. That its various mills will continue to controlthe trade which they have controlled in the past. 3. That the United States Cordage Company willhave sufficient working capital. The total number of spindles in the mills whichwill be owned or controlled by the United StatesCordage Company will be 6104, or, if the Elizabeth-port mill is rebuilt, about 7000. This represents from ^^(Jo to 70% of the manufact-uring capacity of all the cordage mills in the UnitedStates. The consumption of cordage in the United Stateshas
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