Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1900-08-14

cent of the output of the United States
The Continental Tobacco Company in
eorporated In New Jersey in November,
1888, with capital of 800 COO, coo half COM
mon stock and half preferred. Acquired
All the leading plug tobacco companies In
the United States, and also purchased
can Tobacco Company. in whose Interest
1t was formed
Giant Federal Steel Truts.
fhe Federal Steel Company. incorpor-
ated IN New Jersey in September, 1898.
with an authorized capital of 500, COO 200
capltal, halt common stock and half pre-
terred, consolidated the Illinois Steel
Company, the Minnesota Iron Company,
the Duluth-Sz Iron Range Ry., the Elgin.
Joliet & Eastern Ry.. and several other
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 S20.-
100000 common and $500 GOO preferred
stock. consolidated twenty-five pulp and
paper mills. manufacturing about eighty
per cent newspaper
Every newspaper has siiffered 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
in the price of paper.
porated in New Jersey in February 1898,
with $50, 600, GOO common stock and $25. 0OO-
0oo preferred. consolidated the leading
cracker companies. and controls in all one
hundred and sixteen plants.
The National Salt Company, fncorpor-
ated in New Jersey In March, 1899, with
100000 of common stock authorized and
S5,O00OO0 preferred, produces about ninety
i've per cent of the total output of the
country.
Tho National Tube Company. incorpor-
ated In New Jersey, in June 1899, has a
tai stock of $s0.000,000 half common
ana haf preferred. and controls about
ninety per cent of the output of the
United States.
me rubber Goods Manufacturing Com
pany' Incorporated in New Jersey in jan
uary, 1888, owns practically all the can't
tal STOCK OF the Mechanical Rubber Com
'Pany, the Peerless Rubber Company and
the India Rubber Company as well as
seVenty-hVs per cent of the stock of Nor
gan q Wright 1t also acquired the tire
making plants of the concern known as
I1e american can Bicycle Company. and the
american Dunlop Tire Company. Author
lied capital stock $50 600 600 half common
and half preferred
The Standard Rope & Irvine Company.
incorporated sIIo in New Jersey November
8. 1885, with a 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,
ts ~ with N6.OO0,p0o common stock and
&1OVo,VVO 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 harch, 1893, with an authorized capital
OF SSO'VV0,OOO, half common sock and half
preferred, consolidated the principal cast
iron pipe companies of the United States.
Onlted states Envelope Company, in
eorporated in Maine in 1885, with an au-
thorized capital of s., 100000 and 3, 600 600
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 1886 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 OIL Company
Nh Hope from Republicans
During tho present administration no
honest effort has been made to protect
the people from these monopolies. The
Republican part 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 in its declara-
tons 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 exultinE over present conditions The
trust Is part of present conditions, and
Mr.. Flint from which I have already
quoted, declared that the formation OF
large corporations was one of the i'm
portant features of what he described az
the present business activity. If Re-
publican leaders really retarded 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 extermtna ton
but they express far more solicitude for
the corporation than for the people at
large. One Is reminded of the picture
which mother once showed to her bOv
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 q Moment ana
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 q bit" 1t fn even M VvitI
goes out freely to any corporation. which
In their opinion is not getting its share,
but they are not moved by the hardshfps
imposed by monopolies upon all who are
outside of the charmed circle. Three
sessions OF Congress have convened and
adjourned since the Presidents fnaur1,-
ration. and yet he has never reoommend-
ed a specific measure looking toward the
overthrow of monopoIes.
Paper Money Trust
At the opening OF the last sesaion of
Congress the Republican leaders pressS1
through the House and Senate q bun
creating a paper money trust ana EiIr-
rendered into the hands of the naHonai
banks complete control of the national
currency. Just as Congress was cIosinS,
a farcical and hypocritical attempt Waa
made TO deceive the public by the intro
.duction of an antitrust GmandrnSnt e1d
an antitrust bill The amendment was