The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1909-11-30
IT'S FRIEND, ALDRICH, REPRE-
SENTS US IN THE SENATE,
AND Is THE TRUSTS BUSI-
NESS PARTNER.
BY ellison Gardner

WASHINGTON, d. c., Nov. 80.
The secret of the strong politi-
cal influence which has saved the
sugar trust during it's long career
of crime is explained by the trusts
with Nelson w. Aid
rich. They are business partners.
AS long ago as in 1898 the con-
nection between Mr.. Aldrich and
the sugar crowd" was made a
matter of official record. In that
year Aldrich organized. and the
sugar trust crown financed, the
United Traction & Electric Co., a
corporation to take over the fran
chises and properties of the Provi-
dence, r. l., street car company.
The president of the U. T. & E.
was Nelson w. Aldrich. It's vice
president was John e. Searles tof
the sugar trusty. The bank which
furnished the money and handled
the securities was the Central
Trust Co. of New York, which is
the sugar trust bank. The troas-
urer of the U. II. e. e. was Il. z.
Olcott of the Central Trust Co:
Others associated with Aldrich in
the promotion of the concern
were Marsden J. Perry of New
York (now large holder in cleo
trio power corporations) and VIM.
J. Rocker of Providence and
New York.
The u. T. & e. issued bonds to
the amount of 100000 and stock
to an equal amount. The sugar
trust bank took the bonds and
loaned the $4,000, 900. Aldrich
and his friends retained the S.
100000 STOCK; and this is where
the Rhode Island senator laid the
foundation of his fortune.
There were numerous reorgani-
cations and consultations Of the
corporation which started as the
u. T. & E., and 1t was several
years before Aldrich had the
Rhode Island legislature grant to
the corporation franchises for gas,
electric power and traction monop-
.olies for the entire state of Rhode
Island for 80 years. But in time
all this was handed over to what
had become THE Rhode Island
Co.," and the whole was sold to
the New York. New Haven G. Hart
ford railroad a few years ago for
sac, 10000.
Thus did the sugar trust make
money for Aldrich, while Aldrich
made money also for the sugar
trust.
But this was not the only con-
nection between the two. Aldrich's
first big service to the sugar trust
One which melted that corpora
ton s3.000.000 a year over and
above stealings-was Aldrich's
personal contribution to the Will
son tariff law.
An excellent explanation of this
affair was given by Col. Alex. X.
Mcclure, editor OF the Philadel-
phia Times, in a speech delivered
I'm Boston Oct. 26, 1892, and
printed verbatim in the Boston
Herald on the following day. The
following is from that account:
Let me explain. Senator AID
rich spoke in our city a few days
ago. and called upon him in most
respectful terms in the columns of
my paper to explain how 1t was
that when our four-tenths of one
per cent was taxed upon refined
sugar, and everybody had agreed
to that, that he added one-tenth OF
lone per cent and made It five
Itenths of one per cent. and report
led 1t in the senate. Senator Aid
lrich did not explain that for a
good reasonhe could not explain
lit. There is no more infamous
robbery Of the people than the
compact between Aldrich and the
sugar wen Ybq put the price Of
this oppression upon the people
(applause).
ut was done ip the privacy Of
THE committee room, and could not
have been done honestly Zap.
lplause)s and no dare not explain