Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1902-08-29
AND MARK HANNA SAID "7'HERE
WERE NO TRUSTS"


According to the Republican Campaign
Text Book the value OF the trust made arti.
Giles was only IL $40 per cent of the total
output of the manufacturing establishments
during the year 1900. A study of the re.
cords Of the United States Industrial Com
mission reveals the fact that this statement
Is absolutely erroneous. 1t is found that In
all the large industries OF the country, ag-
riculture, OF course, excepted, the trusts
control on an average rs per cent of the
manufactured products, as the following ex-
tracts from the records Of the commission
will show:
On page 107 OF Volume of the records
Henry o. Havemeyer, president Of the Su-
gar Trust, testifes that the output OF the
trusts is about 80 per cent Of the entire out.
put of the country
On page 1872 OF the same volume, Presi.
dent Reid, of the American Tin Plate Com.
pany, testifies that the American Tin Plate
Company controls about 80 per cent Of the
plate business In the United States.
W. Gates, chairman Of the American Steel
and Wire Company, testihes that his Com.
pany controls about 80 per cent OF the steel
rod business, and 70 per cent of the nail
business, and that they had a monopoly on
the manufacture Of barbed wire.
On page 81 Of Volume 10, Mr.. K. II. Chap.
man, president of the American Smelling
and Refining Company, testified that bis
company controlled IS per cent Of the entire
smelling business Of the country.
On page 80 of the same volume, Mr.. G. r.
Flint testifies that the Rubber Trust con.
trols from 55 70 90 per cent OF the rubber
business OF the country.
On page l0l OF this volume, Mr.. Il. X.
Chapman testifes that the Pittsburg Goa
Company has practically a monopoly OF the
coal trade of the Great Lakes.
On page ass OF this volume, Charles NJ
Schwab, president of the Steel Trust, testi-
fed rs follows:
q. You spoke OF the per cent OF the steel
Industry that the Carnegie Company con.
trolls. Could you give the commission about
the per cent OF the whole steel industry Of
the United States that the United States Steel
Company controlsT
A. well, yes; | think it is between 65
To 70 per cent. 1t will vary with the times.
| think in very prosperous times the pei
centage will be small /; in dull times it will
he very much larger"
On page ABS, Mr.. Hugh j. Chisholm, Of
the Paper Trust, testified that the Indepen.
dent Print Paper Mills produce only 80 per
cent OF the total output, while the other 7C
per cent is the product OF the Paper Trust
On page 34S oil this volume, Mr. L. Il
Hopkins, president OF the American Thread
Company, testified that they produce nearly
two-lhirds OF the sewing thread of the
country.
On page 239 of the same volume, Mr.. John
Pitcairn, president of the Glass Trust, say
ave control only that which is about 72s
per cent of the production Of the country"
On page 249 OF the same volumes, Mr. A
) White, president of the National Sail
NouP"uJ' ooJS' ohSuiN shy thht eht ANh
tional Company controls between So aud sc
per cent OF the evaporated salt made east o
the Rocky Mountains"
oslSIis-e 800 of the same volume, Mr.
Burns, president of the Wall Paper Trust
testified that there was no question but thai
they controlled over hall Of the business il
their line in the country.