The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1900-09-28

incorporated In New Jersey June. 1922
With <25,Ooo.Oo capital. half common stock
and half preferred. consolidated numer-
Gus mills, producing over seventy-six per
cent OF the output of the United States.
The Continental Tobacco Company. in
corporated IN New Jersey In November.
1873, with capital OF 500 10000 half com
mon stock and half preferred. Acquired
an the leading plug tobacco companies In
| the United States. and also purchased
the plug tobacco business OF the Ameri-
can Tobacco Company I'm whose interest
II was formed"
Giant Federal steel Truts.
The Federal Steel Company. incorpor-
ated In New Jersey In September. 1895.
with an authorized capital Of eoo,Ooooo0
| capital, half common stock and half pre-
ferred. consolidated the Illinois Steel
Company, the Minnesota Iron Company.
the Duluth a. Iron Range Ry.. the Elgin.
Joliet * Eastern Ry. and several other
| companies. IL owns five docks on the
| great lakes, and a majority OF the steam
ers and barges used for transporting
| ores.
The International Paper Company. In
corporated In January, 1895, Estate not
/ given) with an authorized capital Of $50
100000 common and s250o0.ooo preferred
stock. consolidated twenty-five pulp and
paper mills. manufacturing about eighty
| per cent newspaper
Every newspaper has suffered from the
paper trust. the magazine. for instance.
published by the Locomotive Firemen's
| organization. aud supported by a fixed
| appropriation. has been compelled TO les
sen Its reading space because OF the rise
The National Biscuit Company, incor-
porated in New Jersey In February. 1893.
with sSo,000.0oo common stock and $1,000
coo preferred. consolidated the leading
cracker companies. and controls in all one
hundred and sixteen plants.
Tho National Salt Company, incorpor-
ated In New Jersey In March, 1899. with
s7eOo. 900 Of common stock authorized. and
5000, 900 preferred produces about ninety
five per cent of the total output of the
| country.
The National Tube Company. incorpor-
ated in New Jersey I'm June. 1899. has n
nuptal stock Of 10000 half common
and half preferred. and controls about
ninety per cent OF te output OF the
United States.
The Rubber Goods Manufacturing Com
pany, incorporated In New Jersey in jan
uary. 1899, owns practically all the capt.
tai stock of the Mechanical Rubber Com
pany, the Peerless Rubber Company and
the India Rubber Company. az well as
seyenty-hve per cent OF the stock OF Nor
gan & Wright It also acquired the tire
making plants OF the concern known as
the American Bicycle Company, and the
American Dunlop Tire Company. Author
lied capital stock s50OO0,ooo half common
and half preferred.
The Standard Rope & Irvine Company
incorporated in New Jersey November
\ 1896, with a capital stock OF $1,000
geo. consolidated twenty-five large cordage
mills.
The Union Bag and Paper Company, In
corporated in New Jersey In February
1899. with sl60o0.0o0 common stock and
sll.oOo,0Oc preferred. consolidated various
plants. doing ninety per cent OF the paper
bag business OF the United States.
United States Cast Iron Pipe and Foun-
dry Company. incorporated In New Jersey
In March, 1899. with an authorized capital
Of s30.ooocoo. half common sock and half
preferred consolidated the principal cast
iron pipe companies OF the United States
United States Envelope Company. In
corporated in Maine in 1895. with an au-
thorized capital of 1900 900 and 1900 go
preferred consolidated ten companies.
and controls ninety per cent OF the output
OF commercial envelopes in the United
States
The book mentioned also gives statistics
In regard to several trusts organized prior
to 1875 among which are the American
Cotton OH Co. the American Sugar Re-
fining Company. the American Tobacco
Company the Diamond Match Company,
the National Lead Company, and the
Standard OIL Company.
No Hope from Republicans
During tho present administration no
|
the people from these monopolies. The
Republican party controls the executive
and the legislative departments of the
federal government. II can enforce the
laws which now exist: II can propose and
enact new laws. but 1t does neither. No
persons can watch the conduct OF the Re-
publican party and read the speeches OF
Republican leaders. and still believe the
Republican party sincere In Its declara-
tons against the trusts.
The Republican platform on this ques-
ton and the Presidents letter OF accept
ance. taken In connection with the party's
record, prove conclusively that no re-
lief can be hoped for from that party.
Instead OF pointing out the evils OF trusts
the Republican leaders spend their time
in exuiting over present conditions. The
trust is a part OF present conditions and
Mr.. Flint. from which / have already
quoted, declared that the formation of
large corporations was one of the Inn
portant features of what he described as
the present business activity. If Re-
publican leaders really regarded private
monopoly as an evil. II they really in
tended to apply an effective remedy they
would not hesitate to denounce trusts and
suggest means for their determination.
but they express far more solcitude for
the corporation than for the people at
large. One Is reminded OF the picture
which a mother once showed TO her boy
to impress upon his youthful mind the
suffe rings Of the Christian Martyrs who
We're being thrown into the arena and
torn TO pieces by the lions The boy
looked at the picture for n moment and
then his face frightened up as he thought
he caught the idea. Pointing down into
one point OF the picture, he said. why.
mamma. there is one poor little lion that
isn't getting a bit" 1t IS even so with
the Republican leaders Their sympathy
goes out freely TO any corporation which
In their opinion is not getting its share.
but they are not moved by the hardships
imposed by monopolies upon all who are
outside OF the charmed circle. Three
sessions OF Congress have convened and
adjourned since the Presidents inaugu-
ration. and yet he has never recommend
ed specific measure looking toward the
overthrow of monopolies
Paper Money Trust.
At the opening OF the last session OF
Congress the Republican leaders pressed
through the House and Senate bill
creating a paper money trust and sur
rendered into the hands of the national
banks complete control of the national
currency. Just rs Congress was closing
a farcicai and hypocritical attempt was