The times. [volume] (Washington [D.C.]) 1897-1901, 1900-08-01
SENATOR JONES EXPLAINS.
Denies the Charge Tint He Is Con-
nccted With a Trust.


NEW YORK. July S1-Senator James
| X. Jones Of Arkansas. Chairman of the
Democratic National Committee, said to-
cay in an interview:
Il see that New York Republican news
papers have made the pretended discovery
that am connected with a trust. They al
lude, of course. to the fact that / own
stock in the American Gotten Company. 1t
may not be cut of place to say what
tie American Cotton Company is and how
I became identified with it.
More than ten years ago. John w.
Gi YES, CT Arkansas. began work on a
pr iss designed to roll up cotton at the
giA in highly compressed round lap-bales.
Seeing in the perfection of his invention
an improvement Of inestimable value to
the South, where cotton for more than
hundred years had been and still is baled
in the crudest imaginable way, advanced
money to carry on the work in which he
was engaged.
by 1885 Graves and W. E. Anderson,
who had become associated with him. built
| a press which made a round bale Of great
density. the distinctive merit of which
| was that it required neither bagging nor
ties. We lacked. however, the necessary
| capital to develop the business. and IN
| 1896 the American Cotton Company was
organized to furnish the money for making
practical the Improvement in baling cot
ton We sold it our patents, and l thus
became a stockholder in that company.
.srT-t. IN
nor is it a company with inflated capital.
It is simply business organization with
capital large enough to carry on successful
Iy the enterprise in which ii is engaged
It has developed rapidly. The round lap
presses which it makes have been estab-
lished at three hundred locations in the
cotton States. These presses put up cot
ton at the gin plants in highly compress
ed. self-containing bales. dispense With
bagging and ties. They do not need to be
recompressed into bales intended for dis
tant markets. but are ready for through
shipment even abroad. without the neces-
sity of -sampling' and within the minimum
of expense.
The profit which the company makes is
not a charge upon the Gotten, but Is
part of the round lap bale savings. scme 50
or 81 a bale. which are shares by cotton
growers. cotton ginners, railroad, insur-
ance. and steamship companies. and other
interests engaged in the marketing of the
South's staple crop.
THE American Cotton Company does rot
aim 1t a monopoly in the handling of round
lap ales. but glnners are free to sell in
the open market at any time TO any buyers
II does. however. guarantee to every GIN
ner who uses its process that all properly
| made round lap bales shall sell for sub
stantial premium above the market price
of square bales.
"If to have been Instrumental in the de-
velopment of this great invention. and
to own stock in a company which in its
own scientific methods Of economy In the
marketing Of the Aslericsn crop. not cnly
without cost to the farmer, but actually
to his profit. is just ground Of criticism
against me l am greatly mistaken. Other
round bale presses are being made. The
American Cotton Company has never at
4 tempted to absorb any of these. but openly
completes with them We do claim the
right to use our own patents, right which
is granted to us by the Constitution Of the
| United States