Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-08-13
SHOWS SENATOR IN REALITY
lRoFIrED FROM INCREASED
TARIFF ON RUBBER.
RIDDLES SENATOR'S DEFENSE
IN SPEECH AT MILWAUKEE
Fighting kansan Shows Subsidiary
Companies Were Formed Before Al
drieh's Holding Company cane Into
Existence-crude Rubber Had Ex-
tsnsivs Dealings With tho Trust.

Milwaukee, Aug. 13.-United States
Senator Joseph L. Bristow Of Kansas,
in his speech here last night, which he
stated was in reply to the letter OF
Senator Nelson w. Aldrdch, defending
himself against the charges OF the Kan
sas senator relating to the tariff on
rubber. launched into the subject by
saying that Senator Aldyich declares
that the Intercontinental Rubber Com
pany is not trust. and at the same
time ADMITS that it is a holding com
pany."
Senator Bristow then took up Mr..
Aldrich's declaration that neither he
nor his family had profited directly or
nor his family had proffted directly nor
rubber, adding: "Yet he admits that
he is producing millions Of pounds Of
crude rubber per annum, selling 1t to
American manufacturers and that he
Increased the duty on their products
when they did not need 1t for protec-
ton"
Then referring to his own speech at
Winfield, Kas. on July 9, Senator Brds-
tow declared that Mr.. Aldrich took ex-
ception to his remarks on the rubber
duty espes' ally.
size ignores the other features OF
my speech" Mr.. Bristow fsaid.
Wants to Know How.
Going .into,Ahe. question. of organiza-
lion Of the 1ntercontinental Rubber
Company, Senator Bristow quotes Mr..
Aldrich a. saying that the Contihen-
tai Rubber Company was organized un-
der the laws Of New jersey. Jan %.
1908, and that the Continental Rubber
Company OF America was Organizer
under tho laws OF New jersey Jan. 8,
1905. and further that 'Mr. Aldrich
says thatsthe first two companies
named were subsidiary~ companies Of
the Intarcontinental Rubber Company
and that 1t owned allsof their stock, and
that they were organized for the sake
Of convenience"
Mr.. Bristow asked: "How could
they be subsidiary companies Of the
Intercentinental Rubber Company and
organized for its convenience when
both of them were organized before it
was?"
"Aldrich knows the Guggenheims
Thomas F. Ryan. II. P. Whitney, and
himself are controlling influences in this
intercontinental company. The organ
ization OF this holding company ds
developing process in the organization
of the rubber business just as Rookie
feiler organized the oil business, Ryan
the tobacco busipess and the Guggen-
helms the lead and smelling busi-
ness" 80 :. -.
Increase Was Unnecessary.
Bristow then took up Aldrich's
declaration that he nor his familythad
prohted directly or indirectly by the
tariff on manufactured rubber.
''Yet," Bristow said, HE admits that
he Is producing millions Of pounds Of
crude rubber per anum and selling it
10 the American manufacturers and
that he increased the duty on their
products when they did not need 1t for
protedion." f.
A Point of Dates.
. Bristow said THAI the Intercontinent-
al was organized in December, 1909,
Ind that Its charter covers the manu-
facture of by-products. the purchase
Of stocks and bonds, the construction
Of gas works, reservoirs and water
highways. the developing Of towns,
dealing in food, drugs. etc., mining,
tho acquirement and disposition OF
franchises, real estate dealings, for
estry, agriculture and other things.
Paid Enormous Dividends.
He declared that Aldr1ch> admits the
company has paid enorm GUS dividends
since Its formulation. Going further,
he says:
IT stated that since the tariff bill was
passed and since the absorbing of these
other companies by the 1ntercontinentaf
the price Of manufactured rubber has
advanced to the people Of the United
States about % per cent. This he ad-
mits.
ut was declared that by raising the
tariff on manufactured rubber the In
tercontinental could advance the price
to the American consumer without
danger to competition from foreig7'
sources and therefore the Aldrich Com
pany would be able to sell. it's products
to them at higher prices. If they refus-
ed to patronize. him, under his charter.
he has ample power to engage in any
kind Of competition wSth them and
would be backed by the Ryans. the
GuEgenheims land Rockefeller and no
sensible man in business would dare to
undertake to compete with those pow
erful interests. ~
Whsre AIdrich Profits.
SAldrich further admits the increa sed
importations.
"Aldrich admits that the annual pro-
duction, from thirty to forty million
dollars worth Of crude rubber. produe-
!. ed on his plantations in Mexico comes
into the Omitted Statets without paying
duty or taxes to the general govern
ment and In his own statement he says
that he increased the duties on the
products Of the American factories, hte
customers, thereby aiding them to
monopolize the Ane1can market, and
enabling them to pay him better prices
for the raw material which he had to