The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1910-07-21
A CHANCE FOR TAFT TO DEMON
sTRATE HIS MASTERY.

6ta9ES=sIH
The duty On manufactured rubber, he
points out, was raised from Is to 80
per cent, which has resulted in a de-
creas In the imports Of manufact-
ured rubber In the nine months un-
der the new tariff law. so it can
not be claimed" Bristow added, that
the duty Was raised to secure a much
needed revenue"
The Kansas Senator then detailed
the growth of the Continental Rub
Der company. organized in 1903 with
capital Of 100000, into the Inter-
continental Rubber company, with
capital stock OF $40. 100000. The
last corporation, which represents a
consolidation Of other rubber COM
panies. began its existence Nov. 1,
1900, Just after the new tariff had
zone Into effect.
The stockholders Of the trust In
clude Thomas r. Ryan, with 25.600
shares; Senator Aldrich with $4,000
shares; Edward b. Aldrich. the SEN
Ator''s con. With $500 shares; Daniel
5Gugglpenhletn, with 10000 shares; s.
R Guggenheim, With 10000 shares;
Isaac Guggenheim, with 10000.
shares; Simon G,uggenheim. the sem
ator from Colorado. with 10000
shares; Murry uuggenheim, with TO-
900 Shares ana : number Of other
less important stockholders all Of
themamliated with the Aldriches,
sRyansSand Guggenheims.
Concerning the business done by
this monopoly, Senator Bristow says:
III the organization Of this
strustMthere have been rapid advances
sin@priceSof every rubber product from
automobile tires toS babies rattles.
TheSprofts that this gigantic mono
poly lsS making for Its i~ncorporators
and promoters, the Aldrichs, the Gug-
sgenheim4, the Ryans, are IL
Iustrated by the dividends that have
@been paid since these mergers be-
came effective.
Ssss Il capitalized at 34O,000,O00.
q million dollars are preferred 2
pAr cent stock, and 10000, 900 COM
.mon#stock. The dnal merger con-
#summatedaonADec. 6, 1909. On jan.
SiO.s1910. one month and four days
after, dividend OF Z per cent was
spaIid##onsthe preferred stock; on Feb
sssyl0..ssl9 10.sAnother seven per cent di-
sssNfd0nd 40 paid; on March 10, 1910,
sg1Gpother2divtdend Of ~ per cent was
sillIadd making 16.9 per cent dividends
s81nsgthree months and four days"
When II Is remembered that moth
sins With which Ryan Is connected can
ssS'essIcape having its stock watered al
motto the drowning point. the sig
nliacance of rs per cent IN dividends
IN three months can be understood
At this rate the company would make
- percent per annum notwithstand-
I'M disqualification. Here is an
unrsasonable pront with . vengence.
sssAnd two United States Senator's are
dividends from It. And
lGlssanaator Aldrich's son is head Of the
ooncern.
4 Is easy to understand how Sem
stor Aldrich came naturally to the
.sgSntlsmen's agreement" under
Witch the tariff bill was passed. All
such agreements are based on the
OF giving you what you
want II ! can get what Iswant.
Friends OF President Taft at Bev-
srlly yesterday gave out that the pres
sident had determined to be his own
master hereafter; that he would no
longer wait for somebody's o. K,
before he acts. There is no better
May BY which he could assert his
mastery e himself and his ONCE
than BY directing his attorney gen.
sralto inyestigate this rubber trust
Which Il making outrageous profits
Aanlld benefiting BY N tncrease In !
sstafin one Of Its stockholders hai
lkleSmost important part In framing
N sSSr since Taft paid his i!suto t.
sAldrich last fall there has been sur.
l6aon7in the public mind that Aid.
10 One of the mel, whose Q. <
aA2i1 #Ylikss 70 have before acting.
kirtsen somcers Of 1.-TWO fraternal
4 f1E5lyancesorders the American Home
& 1sand taie F~raternal Tribunes
ssnindicted ct Rock island. N