The Washington herald., 1910-08-12
ALDRICH DENIES
BRISTOW CHARGE

Continued from Page One.
this whole the above concern produced
less than per cent. ,
Mr. Aldrich asserts that a depth OF ig-
norance which has rarely been reached
is displayed by the statement that the
advance from month TO month in 'the
price OF crude rubber throughout the
world from 1902 to 1910 was attributable
TO an important increase OF 80 to So per
cent in August. 1909. on importat'ons af-
fecting less than l per cent in value OF
the total product of rubber.
Explains Big Dividends.
or the score OF his possible participa-
ton in dividends. the Senator says this:
"As to the dividends paid by the rub
Der company on its preferred stock in
the early months OF the present year. !
will say that these were deferred pay
ments OF cumulative dividends-deferred.
as the earnings Of the company had
heretofore been used I'm the develop
ment Of its business.
Not one mill OF the earnings from
which dividends were paid could be at
tributed. as l have already stated. 10
the tariff Of the United States or TO any
change in tariff rates"
There were no protective purposes IN
the advance OF tariff on rubbers. says
the Senator. and it was made solely for
administrative purposes and on the rec
ommendation Of Treasury experts, for
the American rubber manufacturer had
sufficient control Of the American market
to be- able in some cases 10 export "a
other countries
He also quotes from letter written
10 him by Judge Sharrotts. in which 5000
lugated cases are stated TO have beer
tried before the board of general ap-
praisers and the courts because a para
graph in the tariff act Of 1897 imposed 50
per cent ad valorem on a number OF
articles which were all subject TO So per
cent ad valorem.
And these Htigated cases" said the
latter. involved the almost hopeless task
OF determining which Of the materials
was the component Of chief value"
Urged Duty of 80 Per Cent.
Judge Sharretts reminded Senator AID
rich that expensive litigation and delay
and uncertainty in classification had in
duced leading importers TO urge a duty
Of 80 per cent on India rubber, and added
that he had urged the same rate 10 cor
respond with that already imposed on
substances of kindred nature. The
Finance Committee. said the judge. ap-
proved unanimously Of the recommended
ton. as did the conferees Of the House
and Senate
The Senator declared that the commit
tee had found that II the desired uni
formity was secured by making all the
rates 30 instead Of So per cent there
would have been a loss of revenue of
more than S50000O. II was believed, says
he. that this was excessive, nor does he
believe that 1t is. AS to the effect that
these changes in rates have had upon
importauons and revenue, Senator Aid
rich says:
1T is the opinion OF those best qualified
to Judge that there has been and will
continue 10 be an increase in the impor-
tations Of rubber manufacturers Of the
classes I have described. and a conse-
quent increase In revenue
Attncks ON the President.
In concluding his statement. Senator
Aldrich says:
Nov, attacks upon Republican Pres
ident and Republican measures are led
by men whose political existence de-
ponds upon their capacity--and to this
there seems 10 be no limit-for misrepre-
sensations and the ignorance of their adj
herents. Strangely enough, this little
group Of men-very small in number
has arrogated &c itself the leadership OF
the progressives, and its members pirate
about the treatment Of the tariff as a
moral question"