The Globe-republican., 1900-10-18
JONES IN A TRUST.
DEMOCRATIC LEADER HOLDS
COTTON GENNERS BY THROAT
what the Round Cotton Pale Trust Is
and why aIr. Bryan Does Not De-
nounce Il n His Speeches Eye
Opener.

Senator J X Jones, chairman of the
Democratic national committee. IS
defendant in a proceeding brought un-
der the antitrust law of Texas He
has company in his trouble
John E. Sear1es, well known in Wall
street as one OF the biggest trust
magnates," is a 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 2. Sear1es is president OF
the organization
The chairman Of the Democratic ma
tiona1 committee says his company IS
but a large business concern, but
the Texans-and Texas is a Democrat
ic state-thinlx differently 1t is charg-
ed that the Jones-Sear1es combination
constitutes a conspiracy against law
full trade and free competition.
The American Cotton company is a
monopoly if there ever was one Not
only is it entrenched behind $4,000 900
capital stock, but it is fortified by pat
ents which exclude the possibility of
competition.
Nicou's 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''-that word itself is sug-
gestive of the octopus 1t is a 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 ginner must make his ar
rangements with the JoneS-Searles
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 ST.
coo 900 com bination.
The American Cotton company re-
fuses to sell its product. 1t leases its
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 a 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 com pany 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 monopol:es
and bad monopolies will never make
any progress toward the overthrow of
trusts
Therefore Mr.. Bryan will not sue
coed as a trust smasher-
Even in making his division in
monopolies, Mr.. Bryan showed strong
Determinations He specified such con
Germs as the Federal steel company
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 e Steel com
pany, the National Steel com pany, the
Carnegie company, and there 9th
ers.
But Mr.. Bryan made his division in
fa1 or 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-