Monroe City Democrat. (Monroe City, Mo.) 1888-1919, 1910-08-04

Friars $4,000 acres of land at S1S.00I
per acre. l make no question but that
the purchase was proper and the price,
just. Congress sought, by statute. tOI
protect all public lands of the islands,
by providing that no corporation rOuldI
ever acquire more than $500, and MOI
individual more than 40 acres. Thus
Congress and the nation believed that
for men. And so the country praised
the patriotism and the wisdom of the
act. For once it did appear that Con
gress had turned attention to the peo-
pie and sought to make and keep al
place for human things. But in the
framing OF the law. the sugar trusts
invisible hand gave direction to the
writer's pen. In the Presidents cabi-
net was found a brain to cunningly
construe the law to suit the purpose
/ of Havemeyer. In an opinion of which
the country never heard until the title
deeds had passed, the AttOTney-Gen-
eral decided the term public lands
did not embrace the Friar land, al
though owned by the public. Hot on
the heels of this remarkable decision
came knowledge of the fact that 3d.
900 acres, the cream and fairness of
the Friar lands, flor which the people
paid $500 per acre and which were
doubtless OF fabulous value,) had been
transferred through straw man" to
the sugar trust at the fraudulent fig
ure of $500 per acre. On top of this
comes knowledge that the Presidents
own brother and the Attorney-General
have been counsel for the crafty ras-
calls. who, at the same moment were
defrauding the government of revenue
duties in New York and stealing pub
lie lands in the Philippines! Truly.
the sugar trust has long arm.
Republican Senator's Testimony.
A final chapter in the loathsome tale
thority in a republican senator.
The Tariff Act, passed by the House,
allowed the already exOrbitant Ding
lev rate on manufactured rubber to
remain. When this bill came before
the Senate, Aldrich demanded and OBJ
tanned an advance of duties on manu-
featured rubber from 80 to 80 per cent.
Now, it transpires that at the very
time Aldrich and Guggenheim, in the
senate of the United States, were en-
gagged in raising the tariff on rubber
TO a point which would prohibit all
foreign competition, they were organ
izing a forty million dollar corpora
ton to destroy domestic competition.
This corporation is compOsG Of the
Aldrich and Guggenheim fang flies and
three OF four great republican imam
ciers who have hitherto been cele-
brated for operations in high finance.
Heading the list is Senator Nelson W.
AIdricn, with $4,000 shares; and Sena-
tor Simon Guggenheim, with 10000
shares; then follows Edward B. Aid
rich, with $500 shares; Daniel Gug-
yenheim, 10000 shares; S. r. Guggen-
leim, 10000 shares; Murray Guggen-
leim, 10000 shares; allied with these
gentlemen, and permitted to divide the
DOT are Paul Morton, formerly Roose-
,elt's Secretary of the Navy, and
Thomas F. Ryan, member OF the
Washington cult of fnanciers. Why
hese two latter were permitted to
hare the spoil, l know not? The
act, however, remains that the greater
,ortion of the vast benefits to be de-
lived from the organization OF this
monster concern and from the votes
and Aldrich cast in the
senate hall will flow directly into the
pockets of these senators or fill the
offers of their respective families.
During the first three month"; of its
Existence, this tariff-protected mOuOp-
ly has declared dividends exceeding
s per cent These fabulous profits
fere realized on contracts made be-
ore the trust had reached perfection.
financial Journals assert that the prof
IS will go up by leaps and bounds.
his much we know that about sixty
avs ago every dealer in rubber in the
-nited States was served with notice
nat the price would advance. All men
1-day know that the threat was made
God, and the price has been raised to
very nsumer of the country % per
ant