Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1900-09-26

incorporated in New Jersey June, $780,
with 900 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,
-lS9S, with capital of 500, 000. 900 half COM
mon stock and half preferred, Acquired
an the leading plug tobacco companies In
tne United States, and also purchased
the plug tobacco business of the Ameri-
can Tobacco Company, in whose interest
1t was formed"
Giant Federal Steel Truts.
The Federal Steel Company, incorpor-
ated in New Jersey in September, 1898.
with an authorized capital of $20O. 100000
capital, half common stock and half pre-
Ierred, consolidated the Illinois Steel
company. the Minnesota Iron Company,
the Duluth Iron Range Ry., the Elgin,
Joliet d Eastern Ry.. and several other
companies. 1t 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, 1898, (state not
given) with an authorized capital Of $780,
ooo.ooo common and s25,O0o.0O0 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 publ by the Locomotive Firemenss
organization, and supported by a fixed
appropriation. has been compelled to les
sen Its reading space because of the rise
In , the price of paper.
The National Biscuit Company, incor-
porated In New Jersey in February, 1898,
with 5000 900 common stock and S25. 0o0.-
0o0 preferred. consolidated the leading
cracker companies and controls in all one
hundred and sixteen plants.
The National Salt Company, incorpor-
ated In New Jersey in March, 1899. with
900 of common stock authorized, and
$4,000 600 preferred, produces about ninety
five per cent of the total output of the
country.
The National Tube Company. incorpor-
ated in New Jersey, in June 1899 has
capital stock of sso.00O,0O0 half common
and half preferred, and controls about
ninety per cent of the output of the
United States.
The Rubber Goods Manufacturing Com
pany. Incorporated In New Jersey in jan
uary. 1892 owns practically all the capt.
tai stock of the Mechanical Rubber Com
pany. the Peerless Rubber Company and
the India Rubber Company, as well as
seventy-f1ve per cent of the stock of Nor
gan d Wright. 1t 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 s50,000 .000 half common
and half preferred.
The Standard Rope & Irvine Company.
incorporated in New Jersey November
8, 1886. with capital stock of $4,000
eco, consolidated twenty-five large cordage
mills.
The Union Bag and Paper Company. in
corporated in New Jersey in February,
1892 with s16.000.0O0 common stock and
Sll,oOO,000 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 1000. 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 1898. with an au-
thorized capital of si,Ooo.oOo and s4,Ooo.OOo
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 1885 among which are the American
Cotton Oil 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 the present administration no
honest effort has been made to protect
the people from these monopolies. The
Republican party controls the executive
and the legislative departments of the
federal government. 1t can enforce the
laws which now exist; it 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 i'll Its declara-
lions 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 exulting over present conditions. The
trust is part of present conditions, and
Mr.. Flint from which have already
quoted, declared that the formation Of
large corporations was one of the i'm
portant features of what he described as
the present business activity. II 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 eXtermina ton.
but they express far more solicitude for
the corporation than for the people at
large. One IS reminded of the picture
which a mother once showed to her bow
to Impress upon his youthful mind the
sufferings of the Christian Martyrs. who
were being thrown into the arena and
torn to pieces by the lions. The boy
looked at the picture for 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 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 inauRu-
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 a bill
creating paper money trust and sur
rendered into the hands of the national
banks complete control of the national
currency. Just as Congress was closing
farcical and hypocritical attempt was
made TO deceive the public by the intro
duction of an anu-trust amendment. and
an antitrust bill. The amendment was