The Appeal., 1900-10-20
SENATOR JONES TRUST
DEMOCRATIC MANAGER Horns rr,E
+ COTTON GROWERS BY
THE THROAT.
What the Round Cotton Bale Trust
j Is and Why MIR. Bryan Does Not
-. Denolnce 1T When ON
the Saump

democratic national committee. lis a
detendant in proceeding brought
under the antitrust law of Texas. He
has company in his trouble John e.
SearlesS 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 a
conceSn known as the American Cot
ton company. John E. Searles is pres
1dent of the organization. A,.-.. +. -
=, The chairman OF the Democratic ma
tlonal committee says his company is
but "a large business concern" But
the Texans-and Texas is Democratic
state-think differently. It is charged
that the Jones-Searles combination
constitutes conspiracy against la@r-
ful trade and free competition
The American Cotton company is a
monopoly if there ever was one. Not
only is it entrenched behind 81 900, 900
capital stock, but it is fortified by pat
ents which exclude the possibility of
competition.
Nicolrs Stock Exchange Handbook,
recognized authority, says: '"The
American Cotton company is corpor-
alton which controls the patents for
machinery and processes in making
round-lap bales" ~ =.
"Controls''-that word itself is sug-
gestive of the octopus It is the
word over which Mr.. Bryan fumed in
his St. Louis denunciation of trusts.
Every cotton ginning plant in the
ho nf hn
manufactured by the American Cotton
company. They save time and money.
The cotton ginner must make his ar
rangements with the Jones -Searles
combination. It has exclusive possess
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
$7,OO0,000 combination. The American
Cotton company refuses to-. sell its
product It leases it's machines. The
manufacturer attaches one to his plant
and yearly pays tribute to the Ameri-j
can Cotton company. So.great are the
profits of this combination that in the
short time the concern has been, in ex-
istence Senator Jones is said to have
risen from the estate of a COMPARE
lively poor man until he is now re-
garded as a millionaire. And the
Southern ginners continue to swell the
bank account of the Democratic cam
paign manager ~ ~ S...-
William Jennings Bryan, in his de-
nunciation Of trusts at St. Louis, gave
a list of the great corporations of the,
country. He left out the American
Cotton company and the American Tee
company. The others he denounced.
But these two Democratic organiza-
tions he ignored. He exclaimed: "Those
who attempt to divide private monop-
olies into good monopolies and bad
monopolies will never make any prog
ress toward the overthrow of trusts"
Therefore Mr.. Bryan will not succeed
as a trust s1naSher. -<s.-r ~ =
Even in making his division in mo-
nopolies Mr.. Bryan showed strong dis.
elimination. He specified such con-
Germs as the Federal Steel company.
Yet this concern is only one of several
iron and steel companies in the coun-
try. No one is forced to do business
with the Federal Steel. There are the
American Steel and Wire company the
Republic Iron and Steel company, the
National Steel company, the Carnegie
company. And there are others. But
Mr.. Bryan made his division in fav 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 added to it's wealth
by the suffering of the poverty
stricken And Mr.. Bryan makes his
division in favor of a concern which is
so fortified that every cotton ginning
plant is forced to pay tribute to It.
=" 1t depends, when Mr.. Bryan de-
nounces trusts, upon whose OK is being
goaded. 81 ,. ~, 15>