Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1890-10-14

committee OF thrse to limit thp output
and 10 fix the pr.oa"
The Senator n so stated that the
profits OF this trust arc - per cent, and
that this represented sl,oJO 900 profits.
as the amount OF twinn uSeI on tn $
years crop was sio. 0ol. 900 worth; and he
added that yet they cainJ 10 Congress
and said that they wo lid shut up thoir
mills and ceasc production unless they
received the all tionai protection OF ~
cents per pounl
That all-somprchend ng unsatlsn ID
and extortionate monopoly"-such was
the blasting cpthct with VIII ch the
Senator flashed h.s dcnu iciatson OF
the trust
Now let us turn to the Consular re-
ports and see what III trust " doing In
the Philippine Islands Th"sq islands
belong to SPAN, anl are Ia ted TO the
southeast OF China Tho chief town.
Manila, givcs Its n smn 10 the man la
hemp, largely grown on these islands
and cxtens vcly used IN THIS country
and In Eng AMI to ma 'e rope and twine
The commerc vf these .s.anl IN W IL the
United States Is so important (st. 10 /. 900
worth of hemp sent W In issJl that our
Government maintains Consul at Ma
nlla This Consul IL now Mr. A. Il.
Webb
In the Consular f"rTts arc printed
three reports from M. ", bj in which
there is some interesting news about
the opera tons Of car ''ali-comprehend-
ing. unsat,sGei, aud extoriionate mo-
nopoly" In tho'c d stant islands Mr..
Webb reports under date OF April 1, that
thore was an almost complete bloc tade in
the hemp market The local dealers had
80 900 bales of hemp n storage which had
cost them from ss57 70 $40 90 per 100
pounds Tho National Coriagc Com
pany. of New York, had Two English
vessels In tn" harbor VII ch had bcon
lying there for throe months at q total
extra cost OF $50 0J0 TO the trust because
It refused TO buy, In the hope OF beating
down the price and compelling the local
dealers TO sell at loss. One American
vessel had been lying there since De-
cember o. and another since January a.
all holding out for decline In prices.
In this way the shipments TO tn $ coun-
try for tho first three months OF the
year were only about ono-,h I'd OF the
amount for the same tlmo last year.
On April 2s the Consul sent second
report to the State Department showing
that tho blockade still continued. He
said that many OF the local dealers
will undoubtedly be ruined unless they
can hold out until the American and
English syndicatcs will pay the
price asked" A report had been
in circulation In the islands to the ef-
feet that the syndicates have untold
millions at their command and that they
are determ ned to refuse to buy hemp
until the price falls to s5 per 100 pounds.
This report. says the Consul, had vividly
affected the entire business community
and had aroused chivalrous sentiment
In behalf OF the weaker party TO the
fight among those who had no direct
pecuniary interest in 1t
Accompanying the Consul s re port is an
extract from the leading paper OF Ma
nila This paper describes how the
united syndicates had beaten the price
e@ hNhsP eo"h W " ~ por slvo pouhuHt
and then says: "To tho force OF attack
the force OF resistance. opposes
itself, and never was IL more our
duty than now TO remind the Amer
leans OF their famous lynch law; but in
order TO obtain tho force Of resistance
cohesion and resoluto will are neces-
sary, and syndicate OF buyers must be
met by a syndicate OF sellers, and be-
fore our ruin that OF our adversarles,
who In this have have taken the initi-
alive" Tho Manila paper invents q
new term OF condemnation for our trust,
calling II the dismal and clever COM
bination OF those. who, for their own
private benent, threaten with ruin the
production OF the hemp raiser"
Consul Webb sends q third report un-
der date OF May IL saying that the
larger portion OF tho 100, 600 bales OF
hemp In store at Manila had finally been
,old at ton dollars per 100 pounds. This
report is accompanied with n second
article from the paper already quoted.
Tho article betrays considerable sore
moss Of feeling over the acts OF such
prejudicial enterprises as the American
syndicates