The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1910-08-04
ALDR|CH REAPS
BIC PROFIT IN
RUBBER TRUST
Prices Jumped 800 Per
Cent in Past Three
Years.
NEEDS NO TARIFF
NEEDS NO TARIFF
Manufacturer Says There Is
No Excuse for Duty Al
drich Took for Self.

New York.-Senator Nelson w.
Aldrich OF Rhode Island, as a big
stakeholder in the Intercontinental
Rubber Company, is reaping his share
OF The p%recedented harvest of profit
which the rubber trade is enioving
according to toaay's New York World
Never before has the industry been
as prosperous as it is now. Crude rub
Der, in which the International Conn
pany deals, has advanced in price 100
per cent in a year. In three years
crude rubber has jumped 500 per
cent.
Senator Bristow of Kansas in his
chautanqha lectures, is pointing out
the improperly of Senator Aldrich's
holding rubber stock and fixing the
tariff law on manufactured rubber
The tariff OF the manufactured bro
duct of rubber was advanced in
a year ago. 1t had been 80 per cent,
but it was raised to 35.
Advance Had Not Been Asked.
No reason for the advance was CIV
Ell by the senator at the time and
none was asked. No appeal was made
Senator Aldrich's committee room
by a single rubber interest in any
public manner for the Increase.
This gratuitous tariff gift to the
rubber trust ca uss as unexpectedly &c
rubber as the news that Senator AL
drich was in the crude rubber trust
and responsible for the increase. An
independent manufacturer stated
yesterday that the rubber industry
does not need any protection, let
alone 35 per cent. He said that on
his grade of mechanical goods, the
highest class, he obtains the Same
prices in London and on the contin-
ent as he does in America.
Senator Bristow in a recent speech
said the Intercortinental Rubber
Company since its organization in
December last has paid 1872 per cent
in dividends. A list of shareholders
published showed that Senator AL
drich owned $4,000 shares of COM
NOR stock and $3.50 shares of pre-
ferred stock.
The Son Holds n BIG BLOCK.
His son, Edward B. Aldrich. holds
a large block of the preferred stock.
of which 10 million dollars was issu-
ed, 1t was taken by S. r. Guggen-
helm, Senator Aldrich, Edward b. AL
drich, Allan A., son of Thomas r.
Ryan, Paul A. Morton, William
Sproule, Herman B. Baruch and Hen
ry A. Bingham. This ccmany absorb
ed the Continental Rubber Company,
a Experimentation combination in
1909.
In May, 1910, John D. Rockefeller
jr., son-in-law of Senator Aldrich,
was reported as having purchased Is
million dollars worth of Guayule rub
Der lands from the Madero estate in
Texas for the Intercontinental Rub
Der Company. The formation Of the
Intercontinental Company was her
aided in Wall Street, when it was
first organized in 1906 as a foe of
the rubber trust, and there was much
speculation as to when the war would
President Samuel P. Colt of the
United States Rubber Company. set
tied the question in his annual re-
port on March 81, 1907. He con-
firmed a report that an effort had
been made to consolidate the two
concerns.
At that time Edward B. Aldrich,
the senator's son, was vice president
Of the Intercontinental. Ever since
the disclosures OF Senator Bristow
the Complete harmony and cooper
alton" Of the manufacturers of rub
Der and producers of crude rubber
has been noticed. When Mr.. Colt said
the same arrangement" included
those connected with the two COM
panies," speculation included wheth-
he meant close harmony between
himself and Senator Aldrich, too.
It is patent that the rubber trus.
was greatly benefited by the tarin'