The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-10-16


Senator jones' Trust.
Senator Jones'. chairman OF the Demo-
cratic national committee. and Senator
Hanna, chairman of the Republican ma
tional committee, have reached one point
OF common agreement Senator Hanna
says that strictly speaking, there are no
trusts in existence, and Senator Jones says
that the cotton bale trust. of which he
IL one OF the directors. and his invest
ments In which have made him . million
aire, IL not trust. Both statements are
technically correct. and SIRE based on
common ground that IL, the exact defini-
tion OF the word trust" Strictly speak
ing. trust il . combination Of corpora
lions. each maintaining its separate ex-
istence. but all operated rnder one man
agement and dividing earnings on COM
mon ratio. In this sense trusts have ceas-
ed 20 exist since the passage Of the sher-
man act and its rigid enforcement: and
therein Senator Hanna IL correct. Neither
does the se-caiied cotton bale trust como
within this definition. and therefore Sem
ator Jones n correct To accept the state
ment Of one of these gentlemen on the
subject Is to accept that OF the other
On the other hand. however. In common
pariance every large combination Of cap
isai which seeks to control the production
or the market price OF any article is loose
ly styled . trust. IL 10 In reference TO
trusts Of this character that the Demo-
cratic campaign speakers and newspapers
are expending a large amount Of ammuni-
tion. Senator Jones pet trust In one OF
the very worst Of this description. for the
reason that It Is absolutely monopolistic.
that 1t has ana can have. until its patents
expire. no composition; that n deals In
an article which OF necessity must b. used
by all Of the producers OF tho greatest sta
pie crop in the country, and that IL leviss
an exorhisant tribute upon hundreds of
Thousands OF farmers and pianters-
The round cotton bale has come to stay.
The time is At hand when cotton buyers
win not handle cotton In any other shape.
except at serious discount. The cotton
bale trust controls all the patents for the
msehinery for making this bale. which
machinery also sins the cotton. The IN
ventian Il % great value u would asa
enormously 70 the income OF the indi-
viduat planters as wei as make fortunes
Tor the owners Of the patents. II II could
be purchased as other farm machinery
covered BY patents can be purchased Ba,
Senator Jones' and his associates are no,
satisfied with making mere profits: they
seek 70 become partners with every cot
ton planter IN he south. ane absorb a
large shaxe o. hts earnings. They VIII
not sell single one OF their machines.
but operate them en- royalties. retaining
titie IN Themselves 20 essh one. With
their Improved machines they are fas;
aFlvins every inssrenssnt ginning plant
in the soath out OF business. AMI VIII a..
suirs an Abseiu's nsonnpoly 81 GOTTEN Gin
nlag ara ea,inn hsilnE.
Senator Scres was peor ran very
Few years aEa lie ia rated as verb a
milton dollars az ~ presses, tina Rst
wealth has been acquired entirely taracEl.
Ms cosneetiou wi;a thss vcuopsiy. Aas
every cotton plaster ir ths sossA has
contributed or VITA eeniFsAus& .soasr a.
iater. aas - hts earniars 70 swsu tns
wealm q MS Democrats lsAa-r. who -
hypecusicsliy conducting a nAisoaAl can
raisu against trusts and rzonopoIles.
This very cotton bale sraSt. whsch ser
asor 1Qnes SAYS IS NJ, = trust. e unssr
Indictment "a me Democrats state q
Texas Tor violating the antitrust laws o.
thai state. ard Il They car secure posses
s!oa % his person. senator Jones wfn Ne
aFrarnea a. the bar Of the criminal courts
q that state for his connection with Il.
he dare not 20 within ths borders q tha,
state for fear O. arrest. The Democrats
national committee. OF whiGh hs ia chair