The news-democrat. (Providence, R.I.) 1906-1909, 1906-09-14
Will Enrich Him and Senator
Aldrich Many Millions
With Capital Of S8OOOOOOO, II Will Control tho Entire
Rubber Production Of ihs World, Enable Its Owners 10 Fix
Prices at Their Will, and in Scope and Gigantic Proportions
Will Surpass Even the Standard O Which Desires to See
the Rhode Island Trust Magnate in The United States
Senate.

The establishment in London by Col
Samuel F. Colt OF branch OF the Amer
lean Rubber trust, of which he is the
head is said 10 be but the first move i'm
gigantic undertaking 10 secure the abso-
Lutte control of the entire crude rubber
production Of the world. which will make
Col. Colt one of the most powerful trust
magnates on the earth and is expected to
absolutely destroy all competition and en-,
able the rubber trust TO fix and maintain
prices as It sees ft and bring many mil
lions into its Golfers.
II is said that in this enormous under
taking Col Colt has associated with him
Thomas r. Ryan OF New York who was
in Europe at the same time as Col Colt:
and Senator Nelson w Aldrich is also
directly interested IN the gigantic pro-
ject. which is expected TO render both
him and Col Colt many times multlmil-
lionaires.
Rumors from abroad that Mr.. RYAN
was negotiating with King Leopold Of
Belgium for control OF the rubber inter-
ests in Africa, largely held by the Anglo
Belgian syndicate. and that Col. Colt was
engaged I'm similar negotiations for con-
<fhe ktfstrtbsx+1ss~ rubber supplies
IN Europe. were confirmed by Col Colt
In a statement that his part OF the work
in the big deal had been concluded.
Asked as TO the facts. Col. Colt re-
piled that while negotiations were going
on in that direction he did not feel JUS
t;fed in making any statement beyond
what had actually been accomplishing In
taking over the big English concern. He
intimated, however. that interesting facts
would soon be given 10 the public.
The nucleus OF the big trust will be
the Continental Rubber company and the
United States Rubber company. These
two companies. which within recent
years have absorbed nearly all Of the
smaller rubber interests now control
the rubber business I'm the United states.
In May. 1906 the United States Rubber
company purchased the stock OF the
Rubber Goods Manufacturing company;
and thus equipped with both the produc-
ing and manufacturing ends of industry
in America, the trust began reaching out
for control Of the business OF the world.
few years the discovery was made
that a shrub of Mexico. the guayale, con-
tained elements that could be converted
into rubber and American capitalists
quickly began reaching out after this
field.
With this end largely In view the Con-
tlnental Rubber company was formed and
began negotiations for Mexican territory
and rights. which are still going on.
In this company are JOHll -. INpChtlel-
Ter and his son. Senator Nelson w. Al
dfich. Thomas +. Ryan, Daniel Guggen-
holm r. M Baruch and others. The
Continental is capitalized at $500 000
From the outset the relations between
the United States Rubber company and
the Continental Rubber company were
friendly and II was known that the two
Institutions were working in harmony for
| wider scope Of operations.
Much now depends upon Mr.. Ryan's |
success in closing a bargain with King
| Leopotd-for the Congo rubber interests. |
King Leopold is a shrewd trader and his
terms may be such that Mr. Ryan will
not at present feel justified in meeting
them.
without the Congo interests. the Ryan, |
Colt Rockefeller. Brady combination
have $3.50, 600 represented in the capital |
stock of their present companies The |
United States Rubber company is capital !
. ized at S75.OOO 600. the Continental at $780, |
011 900. the Rubber Goods Manufacturing |
company at $5O,00OO0 and the new English |
company at S25,0o0,0o0.
The Symington company In England |
will now finance all purchases OF crude !!
rubber for the United States company. /
and large commissions heretofore paid |
TO bankers will be saved. Through the |
NV London company In addition TO the .
facilities which II previously controlled I'm /
this country. the United States company /
viii De aole from TINS time on 10 dictate /
It's own prices.
Even though Mr.. Ryan should not |
succeed in his negotiations with King |
Leopold for control OF the African rub
Der supply. the United States uust.
with the added facilities Of the i:n,slish /
company, will now control the busi-
hess In Europe as we'll as i'm America.
The new company Is to have its head
quarters In London. and besides
baking care OF all its former trade.
will have supervision OF selling agen-
les which Col Colt established In Lon
Ion, Antwerp Hamburg. Havre and
Bordeaux year ago. The egencles
were chiefly for handling the boots and
hoes manufactured I'm the United
states
Another important subsidiary concern
bf the enlarged trust Is the new plant
Established In Detroit. Mich for the
manufacture OF rubber tires This plant
capitalized at $4,000 900 and is now
n full operation.
For several years Col Colt ani mis-
associates have been planning*to put
he United States Rubber company and
is affiliated concerns I'm the same posi-
ion with respect 10 their sources OF
|upply OF the crude product as the
itandard OIL company enjoys In the