Goodyear Shoe Association.

CIRCULAR.

This Association, recently formed, desire to acquaint the public with the causes which resulted in the combination known by the style of the “Goodyear Shoe Association.”

During the years 1857 and 1858, the financial crisis was keenly felt by the India Rubber Shoe interest, in common with other branches of trade. The troubles experienced by the manufacturers of Rubbers were greatly enhanced from the non-uniformity in prices and discounts, between the various agencies. This absence of a regular tariff was productive of distrust in the purchasers and great embarrassment in the trade.

Some method of action whereby these disturbing causes and effects could be reconciled, and harmony of action, and confidence in the stability of the prices asked for goods be restored, was deemed of the utmost importance.

To this end the several legalized Companies in the United States, manufacturing Boots and Shoes under Goodyear’s Patent, agreed upon a basis of action, and effected a consolidation, the principal points of which are—

First. The establishment of two branch agencies, through one or the other of which all goods manufactured by the Companies must pass.

Second. By limiting the manufacture of goods so that the market shall not be overstocked; but, so far as can be arrived at, the supply and demand shall be equal.

Third. The establishment of a uniform tariff of prices and rate of discount.

AGENTS.