Marietta daily leader. (Marietta, Ohio) 1895-1906, 1900-09-13
He Has Sudden y Became an
Arkansas Mnhonaire.
HIS COTTON BALE TRUST
Controls Patents and Machinery F0r
Rou nd Bale Process,
SECRET OF HIS PROSPERITY

lint IL l. Opposed T. the Auti- trust
Plank Of the demo, rate Platform
hut whats the Dads, 80 Soa Make
Money7
when you make a millionaire yau
make dozens OF paupers." said Demo- !
cratic Chairman Jones in his speech
thanking the Arkansas legislature for
his third election to the United States
senate---the same speech in which he
made his famous sneer at the "ignor-
ant foreigners That was at Little
| Rock, in January 1897. In his appeal
| to Arkansas voters in that campaign
| he repeatedly pleaded poverty, and
| that speech echoed his plea, while 1t
was the general impression in his
state, and also at Washington, up to
| that time, that he had very little in
! come except his congressional salary.
| Yet, within less than tour short
years, the same James X. Jones, chair
man of the Democratic national com
| mittee, without visible means of in
creasing his wealth, now appears in
|
more commonly referred to as THE
List of American Millionaires,' with
the rating of one of the 26 millionaires
/ of his state
In alr southwestern Arkansas but
two millionaires are named, and one
of them is at Washington. in Hemp
stead county, in these terms: Jones,
Hon. James X. Cotton Compressor,
4 Politician" Getting rich properly and
honestly is all right. and we are not
now saying that Mr.. Jones wealth was
amassed unduly, although so suddenly.
Its popularity appears in the re-
markable combination between his
past sentiments, expressed in the quo
tatlon that begins this article, and the
) repeated remarks of the papers of Ar
kansas, that Senator Jones was among
; the poorest, in point of. worldly goods
of the United States senators, as con-
trasted with this quick getting rich.
Even at that, it would not be matter
of campaign concern, but for its init
mate relation to the great Democratic
doctrine of Opposition to trusts, of
which Mr. Jones has made himself so
conspicuous an advocate.
One explanation for his rapid in
crease in prosperity is that, after his
party's defeat four years ago, he spec
ulaled in stocks, and took advantage
( of the rise of the stock market. Is
not that Incredible however, because
! that advance in stocks was due to Nc
/ Kinleys election and Bryan's defeat ?
| Another explanation that tallies with
known facts, is the prominence of Mr..
= Jones in a money making trust, based
upon that surest of foundations-eX-
elusive patents.
The American Round Bale Cotton
company in which Jones was an early
> investor, from the first adopted two
of the favorite devices of the trust
monopolies. They refused to sell the
, round bale compressors to the cotton
.. planters, but only leased them upon
royalties, at price practically paying
for machine every year it would be
used, thus doubling their money each
year. Then, to clinch the thing, the
Jones company adopted the plan OF
giving preference premiums above the
market price upon cotton baled with
their machines, thus opening the door
for a control of the cotton market, as
well as OF the cotton compress mar
ket.
Such extensive operations soon re-
! uuired more capital than the Jones Ar
: kansas crowd could command, and
they got help from Searles, the sugar
trust magnate, so that the American
Round Bale Cotton company has the
r benefit of the most experienced trust
a methods and capital. To this end, ac-
cording to Little Rock advices, plans
g are maturing for pushing the business
: extensively, as soon as the election is
over. 1t will continue control of the
e patents and the machines, and also
: proposes to take into stock partnership
: those who are interested in cotton bal
! ing and compressng.
This will be done through local COM
> panies all over the Cotton Belt, but il
: will be carefully planned that the par
ent company, in which Jones is an
original stockholder, shall have 81 per
cent of the capt. | stock in each local
concern-the home people having what
1 is left There's millions in it,, as can
4 be readily seen, and it will be just as
much trust as the Standard Oil COM
pany, with its great number of subor-
dinate companies, all feeding the foun-
tain head.
Lately Little Rock people have been
asked to invest in this company upon
q pledges of profits galore. All of which
4 is a wonderful example of the sin
a certify of Cotton -Baler Jones, when, as
National Chairman Jones, he promul-
gates the Democratic plank, to-wit:
I'VE pledge the Democratic party to
j an unceasing warfare in nation, state
o and city, against private monopoly in
o every form.
!. Never has the American flag been
: pulled down in American territory MOI
u under tre.