The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-06-01
The Same That Standard Oil
Co. Means to Petroleum.
SEARLES AT ITS HEAD.
He Says You Might as Well Try
to Stop the Tides
As to Attempt to Arrest the
Progress of the Trusts.

great trust.
It's stock is largely owned and con-
trolled in st. Louis. Among its share
holders here are ex-Secretary of the
Interior David R. Francis, Jerome Hill.
d. G. Ball and Louis Perry. The local
manager is Mr.. Ball of the Ball War
rem Commission company. Mr.. Perry
is the assistant treasurer.
It's president is John E. Searles. sec
rotary of the sugar trust, a fact suffi-
Gent to indicate that there will be no
amateurish detours in the project.
Among others Of it's promoters are
said to be Stuyvesant Fish, president
of the Illinois Central Railroad com
pany; Senator Jones of Arkansas, B. P
Mcdonald, a director of the Missouri
Kansas & Texas railroad, and Bart
Moore of Waco Tex
The company was organized in New
Jersey in March, 1896, for the purpose
of handling q patent process known as
the cylindrical baling of cotton. 1t has
a capital stock of $4,000, 900. one-half
preferred, and though it's shares are
not yet listed on the New York stock
exchange, it is declared that no shares
have been sold below par
Louis Perry, the st. Louis treasurer,
says 1t is not q. trust and does not pro-
pose to buy up the congresses of the
country. But it is certain the Ameri-
can Cotton company does propose not
only to bale cotton cylindricalIy but to
guarantee classification. It also in
tends-according to a laudatory article
in the New York Textile America=tO
buy raw cotton direct from the planter
which means, of course, in the final
outcome, the ginning, COMPRISING and
marketing of the entire crop.
John F. Searles himself says in a
general way: THE present tendency
of commerce to reach the highest econ
omy and efficiency through what you
call the trust movement is bound to in
crease on all sides. All attempts to
check it only accelerate; one might as
well try to stop the movement of the
tides by passing resolutions"
So well known a Wall street banker
as Edgar L. Marston of Blair & Co,
says: I look upon the scheme of the
American Cotton company as having
the same meaning for the cotton trade
that the Standard Oil company had for
the petroleum industry"
The st. Louis factors, brokers and
commission men have suddenly awak-
ened to a realization of the ultimate
hopes and ambitions of the company
and are discussing the situation with
marked seriousness. They are gener-
ally opposed to the primary purpose
of the organization, believing that the
cylindrical method of baling cotton is
not yet a success.
Mr.. Allen of the Allen-West Commits
sion company says:
The American Cotton company has
ali the essential elements OF a trust. and
in consequence the people will be slow
to take hold of it. Its organizers pro-
pose to enter the fields and buy cotton
direct from the planters for cylindrical
baling, but they viii find, first that
the question of hauling is quite an item
and second, that q majority of the
planters prefer to handle their own cot
tom
R F. Phillips, the big exporter of
cotton, spoke more bluntly on the ques-
ton. He said:
Il think the American Cotton COM
pany is a stock jcbbing scheme, be-
cause, if for no other reason, John E.
Searles is at the head of it. It has not
yet risen to the dignity Of trust. Pub
lie interests are very much opposed to
the trust system and would be very
outspOken against any effort to corner
the cotton production
II don't think it would be an easy
matter to control the output of this
country'S cotton. About 70 or rs per
rs to 80 per cent consumed here. Hence,
without foreign cooperation, a trust
with respect to prices would be hard to
FORM
Co. said:
invented a system that will put cotton
up in the form of a roll of carpet by
very expensive and laboriOusly slow
method, but it has been demonstrated
that the mills have considerable diff
Guilty in getting the cotton off the rolls
again-so much so that no mill treas
urers will buy cotton put up in this
shape unless at a price that will repay
them for the time and labor expended
in tearing it from the roll In many in
stances the cotton is caked so hard at
the core as to render that much OF it
useless
1.-The cylindrical bale has some good
points in its favor, but many serious de-
fects which can scarcely be overcome.
T.. 41,o a-1171 a
there is no saving, after all, as classi-
fication of grade and staple and weight
are guaranteed him under the present
system and any saving in tare or
absorbed by the cylindrical company
to compensate them for the expense
of putting up the bales. The spinners
are only interested in the cotton inside
the bale and not in the method of bal
ing, particularly when they must event
ually pay the cost of it. They con-
slider, as I have said, the cylindrical
system so detrimental to their interests
that they will only buy it at a discount
Many of them will not touch it at any
price"
The fact is prominent from first to
last that the cooperation of the manu-
company would result in wiping out the
existing congresses and gins, the brok-
ers and factors, and give over to sin
gle control the business of moving the
crop from plantation to mill.
For three years we have never been
without Cham berlain's Collie, Cholera
and Diarrhoea Remedy in the house"
saws A II. Patter with E. G. Atkins &
Co, Indianapolis, Ind, and my wife
would as soon think of being without
-four as a bottle of this remedy in the
summer season. We have used it with
all three of our children and it has
never failed to cure-not simply stop
pain, but cure absolutely. II Is al
right. and anyone who tries it will ind
it so'' For sale by druggists.