The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1900-10-19
JONES IN A TRUST.
DEMOCRATIC LEADER HOLDS
COTTON OINNERS BY THROAT
What the Round Cotton BALE Trust Is
and why Mr.. Bryan Does Not Do
nounce 1t In His Speeches-An Eye
Opener.

Senator ]. X. Jones, chairman of the
Democratic national committee, is
defendant in a proceeding brought I'M
der 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 ma
tional committee says his company is
but a large business concern" but
the Texans-and Texas is Democrat
ic state-thlnk differently. 1t is charg-
ed that the JoneS-Searles combination
constitutes q conspiracy against law
full trade and free competition.
The American Cotton company is
monopoly If there ever was one. Not
only is it entrenched behind $7,OOO,OOO
capital stock, but it is fortified by pat
ents 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 word itself is sug-
gestive of the octopus" 1t is 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 gnner must make his ar
orangements with the Jones-Searles
combination. It has exclusive posses
sion of the field. The ginner must
come to the terms of the combination.
He can deal no place else. He cannot
even buy independence from this 81
100000 combination.
The American Cotton company re-
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 combina-
ton that in the short time the con-
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
a list of the great corporations OF the
country. But he left out the American |
Cotton company and the American Ice
company. The Others he denounced.
But these two great Democratic or
CARNATIONS he ignored. He ex-
claimed
"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
coed as trust smasher.
Even in making his division in
monopolies, 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 & Wire COM
pany, the Republic Iron G Steel COM
pany, the National Steel company, the
Carnegie company, and there are 9th
erS.
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 tenement house districts and add
ed to its wealth by the suffering of the
poverty-stricken; and Mr. Bryan also
makes his division in favor of a
concern which is so strongly fortified
that every cotton ginning plant in the
United tSates is forced to pay tribute
to it.
1t depends, when Mr.. Bryan de-
nOunces trusts, upon whose OK is being
gored.
RLAINE'S STORY ABOUT COIN