CanÌƒon City record. [volume] (CanÌƒon City, Colo.) 1883-192?, 1900-10-25

Democratic national committee. Is
defendant in a proceeding brought un-
der the antitrust law of Texas. He
hse 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 concern
known az 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 large business concern. but
the Texans-and Texas is a Democrat
ic state-think differently. 1t is chars-
ed that the Jones-Searles combination
constitutes a conspiracy against law
full trade and FREQ competition.
The American Cotton company Is a
monopoly II there ever was one. Not
only is it entrenched behind 100000
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
a corporation which controls the pat
ents for machinery and processes In
making round lap bales"
"Controls''-that word itself is sug-
gestive of the octopus" 1t is 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 Einner 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 can deal no place else. He cannot
even buy Independence from this $1.-
900 900 combination.
The American Cotton company re-
fuses to sell its product. 1t leases Its
machines. The manufacturer attaches
one 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 con-
Germ has been in existence Senator
Jones is said to have risen from the
estate of n comparatively poor man
until he Is now regarded as a milliors
aire. And the southern glnners 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
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.
Bnt these two great Democratic or
ganizations 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 & 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 SO strongly fortified
that every cotton ginning plant In the
United tSates is forced to pay tribute
10 1t.
1t depends. when Mr.. Bryan de-
nounces trusts. upon whose OK is being
gored