Republican news item. [volume] (Laport, Pa.) 1896-19??, 1900-10-11
CHAIRMAN JONES' TRUST.
DEMOCRATIC LEADER HOLDS COT
TON cINNERS BY THE THROAT.

TON CINNERS OF iHC trHOAts
What the Round Cotton Bale Trust
is and Why MT. Bryan Does Not
Denounce 1t His Speeches-De-
pends Upon Whose Ok is Gored.
Senator J. X. Jones, Chairman of
the Democratic National Committee,
is defendant in proceeding brought
under the Antitrust law of Texas
He has company in his trouble.
John e. Searles, we'll known in
Wall street as one of the biggest
trust magnates," is co-defendant.
The Texans have placed these two
gentlemen under fire because they are
the heaviest stockholders in concern
known as the American Cotton Com
pany. John e. Searles is President
Of the organization.
The Chairman of the Democratic
National Committee says his company
is but "large business concern" but
the Texans-and Texas is a Democra-
tic State-think differently. 1t is
charged that the Jones-Searles combi-
nation constitutes a conspiracy
against lawful trade and free compe-
tition.
The American Cotton Company is a
monopoly if there ever was one. Not
only. is it entrenched behind $7,000,000
capital stock, but it is fortified by
patents which exclude the possibility
of competition.
Nicolls Stock Exchange Handbook,
a recognized authority, says:
''The American Cotton Company is
a corporation which controls the pat
ents for machinery and processes in
making round lap bales"
"Controls'-that word itself is sug-
gestive of the Octopus" 1t is the
word over which Mr.. Bryan fumed in
his st. Louis denunciation of trusts.
Every cotton ginning plant in the
South must have one of the machines
manufactured by the American Cotton
Company. They save time and money.
The cotton ginner must make his ar
rangements with the Jones-Searles
combination. 1t has exclusive possess
sion of the field. The ginner must
come to the terms of the combination.
He can deal no place else. He cannot
even bu- independence from this
100000 combination.
The American Cotton Company re-
fuses to sell it's product. 1t leases its
machines. The manufacturer attaches
one to his plant and yearly pays trib-
ute to the American Cotton Company.
So great are the profits of this combi-
a.
Germ has been in existence Senator
Jones is said to have risen from the
estate Of comparatively poor man
until he is now regarded as a million
aire. And the Southern ginners con-
tinue to swell the bank account of the
Democratic campaign manager.
William Jennings Bryan in his de-
nunciation Of trusts at st. Louis gave
n list of the great corporations of the
country. But he left out the Ameri-
can Cotton Company and the Ameri-
can Ice Company. The others he de-
nounced But these two great Demo
cratic organizations he ignored. He
exclaimed:
"Those who attempt to divide pri-
vate monopolies into good monopolies
and bad monopolies will never make
any progress toward the overthrow of
trusts
Therefore Mr.. Bryan will not sue
ceed as trust smasher.
Even in making his division in mo-
nopolies Mr.. Bryan showed strong
discrimination. He specified such con-
Germs as the Federal Steel Company.
Yet this combination is only one of
several iron and steel companies in
the country. No one is forced to do
business with the Federal Steel. There
are the American Steel and Wire Com
pany, the Republic Iron and Steel
Company, the National Steel Com
pany, the Carnegie Steel Company
and there are others.
But Mr.. Bryan made his division in
favor of the American Ice Company
which had absolute control over the
prices in New York City, and which,
last spring turned upon the poor of the
to it's wealth by the suffering of the
poverty stricken, and Mr.. Bryan also
makes his division in favor of con-
Germ which is so strongly fortified that
every cotton ginning plant in the Uni
ted States is forced to pay tribute to
it.
1t depends, when Mr.. Bryan de-
nounces trusts, upon whose OK Is
being gored.