The news-democrat. (Providence, R.I.) 1906-1909, 1906-12-13
INSIDE FACTS OF
BIG RUBBER DEAL
CONTINUED from Page On,

Continued from Page On,D
The actual terms OF the alliance be-
tween King Leopold and Thomas Fortune
Ryan, James ID. Stillman. John d. Rocke-
ftller Jr., Edward H. Aldrich and the
Guggenheims are closely guarded Sc
cret
j. j.. Morgan made journey TO Eng
land and tho Belgian ruler came across
tho Channel TO consult with him at Dover
Thomas +. Ryan and John ID. Rockefel-
lcr Jr., went TO Brussels and had per.
sonal interviews with the monarch The
financial arrangements as finally agreed
upon are understood TO he as follows:
A corporation Is to be chartered in Bel
gium with a capital Of &l00.Onp preferred
stock and a considerable larger issue
Uhe amount not yet definitely decided
OF common stock One-half OF both classes
viii go 10 King Leopold as compensation
for the concession. The other half of the
stock will be divided between Thomas +.
Ryan. John D. Rockefeller, Jr., James
Stillman the Guggenheims and +. B.
AldriCh.
The corporation is to receive lease for
SO years 10 domain OF $500. 600 acres, or
about 1000 square miles. trine smaller
than the state Of Connecticut.
Under the laws OF Continental Europe.
n general title TO land does not include
the right TO work for minerals. Under
the concession granted 90 the RYAN
Rockefeller Aldrich company however.
Il is expressly stipulated that the com
pany shall have the right 10 exploit the
mineral as well as the vegetable resources
OF the territory.
The plan OF the promoters is TO delegate
these enterprises to two corporations-one
a rubber company. the other a copper
mining company The rubber concern.
known as the Intercontinental Rubber
company, was chartered in New Jersey
or Dec. 6 with an authorized capital
o N0O0o,1oo or this sl0.oo0.0o0 is 10 be
per cent cumulative preferred stock and
ss0 O00. 900 common stock.
The identity OF the interest behind the
company was concealed by naming three
dummies. William c. Sherwood. Richard
+. Tully and Louis Sherwood. as the in
corporators. These young men arc clerks
ii New Jersey trust company. and are
not believed to have a dollars interest in
tho project.
The papers for the Incorporation OF the
Congo Mining company have not been
filed and Will not be until the mineral
vealth OF the concession has peen more
definitely prospectcd.
In addition 20 the gigantic concession
obtained the American capitalists have
purchased from Leopold and his Belgian
French associates minority interests I'm
tho Anglo Belgian india Rubber Co. and
the katnaga company. whose concessions
cover vast areas In the Congo. The for
mer rules over a territory containing 25.
o1 square miles. and the katanga has a
n onopoly Of the products and trade of an
empire AZ miles I'm length and 800 miles
iu breadth.
The king Of tho Belgians has farmed out
the government as well as the commerce.
Of this vast region 90 these two corpora
items They collect taxes. raise armies
and hold In tho most abject servitude
millions OF defenceless blacks.
Ryan and his associates. by the mere
purchase Of stock have thus become part
rulers over an empire larger than all of
New England. New York. New Jersey
Delaware and half OF Pennsylvania.
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