The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-09-28
Ispeclla COIrcsnOndent. .

New Yc.k, September 30. -Anoth-
Ter trust has been added to the list
of bad trusts. This time the listing
has not been done by the national ad-
ministration at Washington, but by
the American Newspaper Publishers
Association. The trust is the COM
bination of white paper manufactur-
Iers who furnish the press OF the cuun-
try with the material on which the
news of the day is sen. out to the
world. The charge is made that by
lcurtailing production and the failure
iof the paper manufacturers to meet
the growing demand by building new
mills, the trust has been enabled to
put up the price Of newsprint to an
almost prohibitive figure. The Pub
fishers Association asserts that If
the tariff on wood pulp were taken
IOn the demand for newsprint could
be met by imports from Canada and
the committee which was appointed
to see what could be done TO relieve
the situation will direct its efforts
mainly towards the adjustment of
ers have so far been unable to make
any real reply to the charges that
they were an Illegal combination
While it is of course true that there
has been certain amount of rivalry
between the International Paper
company, the biggest of the con-
Germs, and some of its smaller COM
,petitors, the rivalry has never been
permitted to go so far as to hurt
business. The International Paper
Co has been managed in some
what peculiar way. 1t has long been
controlled by clique with speculat-
i've tendencies Financial publications
in Wall street have called attention to
that fact from time to time but the
attitude of the public has been pass
live. The speculative control has
Ipiled debts on the company in its eff
forts TO save enough out of the in
come to pay dividends on the enor-
mously watered common stock but
these efforts were unavailing and
then recourse was had to the advance
of the price Of wood pulp and paper
! in order to increase the profits. I'm
fortunately for the paper trust, this
advance in price was accompanied by
an advance in the price of the raw
material and the speculative clique
are therefore still waiting for their
dividends. Should the campaigning
Iby the publishers be successful in
cutting down the tariff on pulp and
paper the trust would probably fare
i'll for it's accumulated floating and
funded debt is so large that it takes
huge earnings to meet the interest
charges, to say nothing of dividends
on the preferred stock. The pub
fishers have the sympathy of the
public which dislikes to pay more
! for its daily papers than the pre-
vailing price of one cent. The poor
er classes would be the greatest suf-
Iferers for the papers read by the
working population are largely pen
ny papers. Consequently the fight
against the trust for a reduction of
the tariff especially on pulp and paper
from Canada which has enlisted the
support both of Democratic and Re-
publican organs is half won for the
power of public opinion is too well
recognized at Washington to meet
with any opposition of moment. Sue
cess of the movement. however, may
force some of the paper makers in
to bankruptcy for the reason that the
capitalization Of most paper COM
,panies is greatly inflated.
"Fingy" COnnOrs, Chairman of the
Democratic State committee walked
into the Waldorf Astoria the other
day and offered to bet 100000 that
Lewis Stuyvesant Chandler would be
the next Democratic candidate for
President of the United States No
body took him up but the opinion
prevails nevertheless that Chandler is
only stalking horse. The Sullivans.
Murphy and Connors are using his
name just as the name of Congress
man Sulzer was used during the last
campagn for the nomination of
Hearst for governor of New York on
the Democratic ticket. When the
Sullivans are openly in favor of some
one for office the bet is odds on that
they want someone else. So far the
Sullivans, which means Tammany
Hall, have not given away their hand
and 1t is not unlikely that they will
wait to see which way the wind
blows until they come ont into the
open. They probably lFure that with
the New York delegation in their
control they could get something out
of the nomination by making the