La Junta tribune., 1900-10-13

Senator J. X. Jones. chairman Of the
Democratic national committee. b .
defendant In . proceeding brought NJ
der the antitrust law Of Texas Hs
has 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 Are because they are
the heaviest stockholders In concern
known ~ the American Cotton COM
pany. John E. Searles Is president OF
the organization.
The chairman OF the Democratic na-
tioual committee says his company IL
but ::'larse business concern" but
the Texans-and Texas Is Democrat
se stnte-think differently. 1t is charg-
ed that the Jones-Searles combination
constitutes a conspiracy against law
:ul trade and free competition.
The American Cotton company 10 .
monopoly II there ever was one. Not
only is It entrer -hed behind 81. 900 900
capital stock, but It is fortified by pat
ents which exclude the possibility OF
competition.
Nicoll,s Stock Exchange Handbook.
= recognized authority. says:
"The American Cotton company is
corporation which controls the pat
ents for machinery and processes In
making round lap bales"
"Controls"-that word itself Is suE-
n \ wnrd
over which Mr. Bryan fumed In his
81. 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.
Tho cotton ginner must make his ar
rangements with the Jones-Searles
combination II has exclusive posses
sion OF the held. 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 combination.
the American Cotton coEipany re-
| fuses to sell its product. II leases It's
, machines. The manufacturer attaches
one to his plant and yearly pays trib-
ute 20 the American Cotton company.
So great are the profits of this'combina-
tion that iii the short time the con-
Germ has been N existence Senator
! Jcres is said to have risen from the
estate of a comparatively poor man
until he Is aow regarded as million
aire AJii the southern ginners con-
tinue to swell the bank account Of t..e
Democratic. CT mpaign manager.
william jennings Bryan In hts de-
nuncintion OF trusts at st. Louis gave
= list OF the great corporations OF the
country But he left out TIE American
Cotton company and the American Ice
company. The others he denounced.
But these two great Democratic or
ganizations he !rnored. He ex-
claimed:
Those who attempt to divide 3ri-
vate monopolies into good monopolies
and bad monopolies ven never make
any progress toward the overthrow OF
trusts"
Therefore Mr. Bryan Will not sue
coed as trust smasher.
Even In making his division In
monopolies. Mr.. Bryan showed ..-ong
discrimination. He specified such con-
Germs az the Federal Steel company.
Yet this combination Is only one of
several iron and steel companies n
the country. No one is forced to 10
business with the Federal Steel There
are the American Steel q Wire COM
pany. the Republic Iron & Steel COM
pany. the National Steel company, the
Carnegie company. and there are 9TH
ers
But Mr.. Bryan made his division in
favor 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 20 strongly fortified
that every cotton ginning plant in the
United tSates Is forced to pay tribute
TO Il.
II depends. when Mr.. Bryan de-
nounces trusts, upon whose OF il being
gored.