Mr. McCoy. But IngersoU does not do it from charity ?

Mr. Keene. Yes, sir. ,

Mr. McCoy. He claims that he can do that by reason of the fact
that he sells so many of the watches, and that fact is due to the price
maintenance.
Mr. Keene. They can do lots of things. They can give him a
meal ticket, and they ought to do it, if they can sell watches the way

they do.
Mr. McCoy. So that there is no advantage to the public then ?
Mr. Keene. No; because there is only a small percentage who come

back.
Mr. McCoy. Well, I am not sure obout that, because I have some
boys, and I have had to take their watches back to the jeweler to be
replaced, because the boys step on them or get them out of order.
Mr. Keene. Where do you take them ?

Mr. McCoy. To IngersoU's place, on Courtlahd and Vesey Streets,
or wherever it is.
Mr. Keene. The poor jeweler has to stand for anything the watch
companies do. They have to repair the watches, and that is why
they



TRUST LEGISLATION. 1147

^ Mr. McCoy. I do not ask him to repair the watch, but I take it
right in and get another watch for it. I think sometimes they charge
you 10 cents to make the exchange.
Mr. Keene. Yes, sir.
Mr. McCoy. But that was an advantage to me.
Mr. Keene. Naturally. But it would have been a bigger ad-
vantage if you had bought it for iO cents, because you would not
have had to have it repaired so many times.
