, 1900-10-11
JONES IN A TRUST.
DEMOCRATIC LEADER HOLDS
COTTON GINNERS BY THROAT
h the Round Cotton EaIe Trust Is
and Why Mr.. Bryan Does Not De-
nounce 1t In His speeches-Au Eye
Opener.

Senator j. X. Jones, chairman of the
Democratic national committee, is a
defendant in a proceeding brought I'M
der the antitrust law of Texas. He
b2s company In his trouble.
John e. Searles. 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 a 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 a Democrat
ed that the Jones-Searles 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 1t ~entrenched behind s7.000.0 900
capital stock, but 1t Is fortified by pat
ents which exclude the possibility of
competition.
Nicoll's Stock Exchange Handbook,
a recognized authority. says:
The American Cotton company is
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
combination. 1t has exclusive posses
sion of the field. The ginner must
come to the terms of the combination.
He car deal no place else. He cannot
even buy independence from this ST.
000, 900 combination.
The American Cotton company re-
fuses to sell its product. 1t leases its
machines. The manufacturer attaches
n 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 coP
Germ has been in existence Senator
Jones is said to have risen from the
estate of a comparatively Door man
until he is now regarded as a milIioG-
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 a 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
Ia, or of the American Ice
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
which is so strongly fortified
that every cotton ginning plant in the
United tSates is forced to pay tribute
10 it.
1t depends. when Mr.. Bryan de-
trusts. upon whose OK is being