New-York tribune., 1910-08-13

Continental Rubber Company of America
was organized under tie laws OF New Jer-
sew January :. 1906, and that the Inter =
continental Rubber Comnany was organized
under the laws of New Jersey December 8,
1906. Now. Mr.. Aldrich says that the first
two companies named We're subsidiary conf
panies of the Intercontinental Rubber Com
pany. and that 1t owned all of their stock
and that they were organized for the sake
| sdiary companies of the Intercontinental
Rubber Company and organized for It's CON
venience, when both of them were organ
| ized before it was one of them almost three
! years before.
Purpose of Merger.
He says that these two older companies
surrendered their charters in 1908 for the
| purpose of saving expenses and taxes. But
| the charter of the consolidated Intercontl-
mental Rubber Company, filed December 8,
| 1909, shows that 1t absorbed these other
| Two organizations and that the purpose oil
the corporation, among other things, was
ne me, collection. producing, purchase, sale
@o1strihntion @ etc; of gums, caoutchonnc'
waterproof, impervious, fibrous or plastic
| materials, or articles used in connection
herewith. or manufactures thereof. or by
products of such manufacture, the cultiva-
| tion. purchase. sale, etc, of vines, trees,
plants etc, producing such substances; TO
acquire and hold or dispose of processes,
| patents. trademarks and trade names; TO
purchase or otherwise acquire the property
ana assets OF all kinds OF any person or
purchase and held or dispose Of stocks and
bonds; to borrow money and to issue bonds,
debentures, or other obligations, etc, to en-
ter into contracts; to construct and operate
workshops, factories, machinery. etc; TO
construct. maintain. operate, etc, pipe
lines, gas works, reservoirs, water power
highways etc; to construct and operate
railroads for the transportation Of persons,
materials. supplies. etc; to develop towns
duce and deal i'll agricultural products, food
beverages, drugs, furniture, machinery,
and manufactures; to mine, dig, cut and
deal in machinery or apparatus which can
be used for any of the aforesaid objects,
and generally TO carry the business of
cial expectation and importation and any
business and exploitation whether CONNER
c1al industrial, manufacturing, mineral,
terrestrial, agricultural otherwise, under
the laws of New Jersey; TO purchase and
deal In real estate in the United States and
foreign countries. and to acquire franchises
and dispose of same; to engage in business,
sueSard be sued. in the United States, and
foreign countries; Ito do any and all acts
incidental, desirable necessary essential or
conducive to the attainment of any of the
foregoing objects
Swespine Powers"
These sweeping powers are a very inter
estlng way of saving expenses.
stated that this Intercontinental com
pany, after these mergers were completed. !
which was on the sixth day of December,
lsos had within three months and four days
paid on its preferred stock dividends ag-
sresating 1872 per cent This Mr.. Aldrich
In substance admits. although he said In his
first statement that the only element of
truth in my entire discussion of the rubber
duty was that the duty was increased and
that he was j stockholder in the company.
| stated THAI the Intercontnental Rubber !
Company owned the capital stock of five |
other companies. III addition to those ab- |
sorbed by the mergers referred to-, and
owned several million acres of land in Mex |
ico and was producing from its factories !
from eight hundred thousand to eleven hun |
dred thousand pounds of crude rubber |
month.
This Mr. AIdrich admits In his statements.
declaring that the only element OF truth in |
reference to the rubber duty was the fact |
that the duty was increased on the manu- |
factures. and that he was a stockholder III !
the Intercoutinental Rubber Company.
I stated also that the Intercontinental
Rubber Company owned d controlling inter-
est in the capital stock of the American |
Congo Company, organized through the CON |
cession given by the Belgian government !
and that it controlled under this concession |
afFss Fs sf M aad Hdah H4 neither 1ef GonGR arms m
nor denies. but he knows it is true. /
! stated that since the tariff bill passed !
and since the absorbing of these other com
panies by the Interconunental Rubber Com !
pany the price of manufactured rubber has !
advanced to the people of the United States
He denies that he or his family have any |
interest in any concern manufacturing rub |
ber or that the Intercontinental Rubber !
I
ber.
Controlling Influences.
Mr.. AIdrich knows that the Guggeuheims.
Thomas F. Ryan, II. p. Whitney and him
self are the controlling influences in this
Intercontinental Rubber Company, and un-
it is empowered to transact any kind of
business on earth except preaching the
Gospel, and that it, through the organiza-
ton of subsidiary companies, does transact
business in various parts Of the world that
it handles large quantities Of crude rubber:
that it was organized for the purposes of
getting control of the market and to sup
ply crude rubber and do other things, and
by the controlling OF the supply OF crude
in America would be absolutely under its
control The organization of this holding
company is il developing process IN the or
Sanization of the rubber business, just as
Rockefeller organized the oil business.
Ryan the tobacco business and the Gug
genheims the lead and smelling business,
manufactures of rubber was an added pro-
lection given to the American manufact-
urers when il was not needed; that as
result OF this increased duty they could
advance the price to the American con
sumner without danger OF competition from
foreign sources and therefore Mr.. Aidrich's
would be able to sell its product
to them at higher prices. If they refused
to patronize him under his charter he has
with them and would be backed
by the Ryans the Guggenheims and the
RockefellerS, and no sensible man IN buSl-
ness would desire to undertake to compete
with those powerful interests
Mr.. Aldrich further admits that the in
creased duty of manufactured rubber re-
suited in decreased importations. This
Mr.. Cannon in Kansas denied and stated /
in a public address at Emporia that /
made false statements in regard TO such
importetions Mr.. Aldrich, in
his statement admits that ! was right
Then Mr. Cannon made the rnisstatements
Mr. Aldrich admits that the annual pro-
duction of from thirty to forty million
dollars worth of crude rubber produced
in his plantations in Mexico comes into
the United States without paying any duty
Or taxes to the general government. and
IN his own statement says that he In
creased the duties on the products of the
American factories, his customers, thereby |
aiding them to monopolize the American
market, enabling them 10 pay him better
prices for the raw material which he had
to sell and which they had TO have. yet
ne declared that he had no interest in the |
increasing of duties.
The long letter submitted from Sharretts
is one Of those ridiculous statements that