Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1900-10-09

Jus Nuns producing over aSeNenly-alAl per
cent OF the output OF the United States
The Continental Tobacco Company, in
eorporatsd in New Jersey in November.
44Se, with capital of 500, COO half COM
81 the leading plug tobacco companies in
the United States. and also purchased
the plug tobacco business OF the Amsri-
can Tobacco Company. in whose Interest
It was formed. "
Giant Federal Steel Truts.7
The Federal Steel Company. incorpor-
ated In New Jersey in September, 1888
with an authorized capital of $50, 600. 900
capital, half common. stock and half pre-
terred, consolidated the Illinois Steal
Company, the Minnesota Iron Company.
the Duluth-& Iron Range Ry.. the Elgin.
Joliet & Eastern Ry., and several other
companies 1t owns fve 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 go
100000 common and SIS 900 COO preferred
stock. consolidated twenty-five pulp. and
paper mills, Misunderstanding about eighty
per cent newspaper.
Every newspaper has suffered from the
paper trust, the magazine, for instance.
published by the Locomotive Firemen's
Organization, and supported by fixed
appropriation, has been compelled to les
sen Its reading space because of the rise
m 1 the Rri f;s OF 'psper.,
-
porated in New Jersey in February, 1885,
with $4,000. GOO common stock and SOS. 00O,-
600 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
81 100000 of common stock authorized, and
5000, 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
itai stock of $50. 1000. 600 half common
and half preferred, and controls about
ninety per cent 9th output of tho
United States.
me rubber Goods Manufacturing Com
pany, incorpora ted in New Jersey in JAM
uary, 1888, 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-fivO per cent of the stock of Nor
gan & Wright 1t also acquired the tire
~ making plants of the concern known as
American Dunlop Tire Company. Author
lied capital stock $50 600 600 half common
and half preferred
The Standard Rope & Irvine Company,
Incorporated in New Jersey November
3. 1885, with a capital stock of 81, 00O.-
mills.
The Union Bag and Paper Company. in
corporated in New Jersey in February,
lsss with d6.00O,O00 common stock and
Sl1,0Oo,0oo preferred. consolidated various
plants, doing ninety per cent of the paper
bag business of the United States
United States Cast Iron Pipe and Foun-
ary company Incorporated In New Jersey
IN March, 1889. with an authorized capital
or SSOOOoOOO. 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-
thortzed capital of 100000 and Loco GOO
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 1896 among which are the American
Cotton on Co.. the American Sugar Re-
inning Company, the American Tobacco
Company. the Diamond Match Company.
the National Lead Company, and the
Standard on Company.
Nm Hope from Republicans,
During tho present administration no
honest EFFORT has been made to protect
the people from these monopoIies The
Republican partT controls the executive
and the legislative departments of the
federal government. It can enforce the
laws which now exist: it can propose and
enact new laws, but 1t does neither No
publican party and read the speeches of
Republican leaders. and stiIl believe the
republican party sincere in its declara-
tons against the trusts.
The Republican platform on this cues
tion 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 marty
Instead of pointing out the evils of trusts
the Republican leaders spend their time
in exultinF 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 Inn
portant features Of what he described as
the present business activity. II Re-
publican leaders really retarded private
monopoly as an evil: II they really in
tended to apply an effective remedy. taey
would not hesitate to denounce trusts and
suggest means for their externina ton
but they express far more 8olicitude 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
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
mamma, there Is one poor little lion that
Isn't getting a bit" 1t II even 80 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 inaugi-
ration, and yet he has never rsoomrnend-
ed specific measure looking toward the
overthrow of nonopolies.
Paper Money Trust.
At the opening of the last session OF
Congress the Republican Leaders pro5sSd
through the House and Senate en-
creating a paper money trust ana sur
rendered into the hands of the national
currency. Just as Congress- was CLOSING
a farcich and hypocritical attempt was
made to deceive the public by the intro
duetion OF an antitrust amendment. md
an antitrust blu The amendment was