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A Classification of American Wealth |
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| Part II-Chapter 11 : The Trusts > The Dukes of American Tobacco : « Previous 1 - 2 - 3 - 4 - 5 - 6 Next » |
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The great plug war and Continental Tobacco Company ... James B. Duke was now ready to fight the Great Plug War, a prolonged period of price competition, destined to unnerve the major players and bring them under the umbrella of his trust. The biggest plug tobacco producer was Liggett & Myers of St. Louis with a 27 million pounds per year capacity, followed by Drummond, also of St, Louis, P.J. Sorg of Middletown Ohio and the venerable P. Lorillard & Co of New York and Jersey City. These three firms had a combined output of …
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