The Monticellonian., 1902-03-14

too. after these charges had been
 heralded broadcast over the
 land, we must beg to be excused for not accepting the bn.e as
 sertion of the Advance as gospel
 truth And later, when the
 greatest body of Democrats in
 the United States, the members of that party in the United States Senate, unanimously elect ed Senator Jones Chairman of 1 their caucus. thus constituting him their leader, such charges as the Advance IS making Is not on fly unjustifable, but extremely silly.
 Just what grounds the editor of the Advance has for saving that Senator Jones is a million aire we know not, but are left in the dark just the same as to the other proposition Senator Jones, himself who is supposed to know, claims that he is, com paratively speaking a poor man. People who are nearest him and who are possessed with the op- portunities of information say that he lacks more than nine hundred and fifty thousand dol lars of being a millionaire. Sen- ator Iones has three or four thousand dollars worth of prop erty in Arkansas, house and lot in Washington and some shares ofstock in the American Round Lap Bale Cotton Compa- ny and his opponent, ex Gov. Clarke, also, owns five shares of stock in this company. So if this company is a trust, both candidates are equally guilty of being in one
 It is apparent, however, that these gentlemen got into this company from entirely different motives. SenatorJones through sympathy for a fellow-man, and eX-Goyernor Clarke with the hope that he might find out something that would be dam aging to Senator Jones; but as he has been d stock holder since January, 1t is reasonable to in fer that there was nothing wrong, or that he is very well pleased with his company. If Mir Clarke had gone into this company as an honest invest ment he could not reasonably be censured since eevery fact connect ed with 1t, save perhaps, that it Is incorporated in New Jersey, goes to prove that 1t Is not a trust and has none of the ear marks of one And 1t Is claimed that the reason 1t is incor- poratedin New jersey, is because New Jersey and other eastern capitalists furnished the money to put the project to work; and since this has not been denied 1t is presumably true.
 So much then for the circum- stances tending to prove that the Amerieaa Cotton Company is not trust, now let us investi- gate the facts and ascertain what is established by them. X trust, of the modern build, Is pooling or combination of in- terests, hithertoindependent and competitive, for the purpose of stifling competition and crea ting a monopoly. The American Round Bale Cotton Company, is one operating under patent from the Government, for the purpose of compressing cotton, and has in open, notorious and actual competition with 1t three other Round bale presses and ev- cry square bale compress com pany in the United States. It has been in operation nine years and congresses only about ? per cent of the entire cotton crop of the United States, that IS to say about two bales out of every hundred So it is plain to be seen that before it could become a monopoly, or even a lively competitor with the other modes of eompressing cotton, at the samerate of progress 1t has been making, it would require q period of over 15O years. In the State of Texas where the most strenuous antitrust laws are in operation and where they