Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-08-13

Inter Continental Rubber company wa,
! organized under the laws Of New Jer'
scN Dec. g. 1906 Now Mr. Aldrlch
says that the first two companiCs
named were subsidiary companies OF
! the Continental Rubber company
and that 1t owned all OF their stock
ana mat they We're organized FOR tho
! sake OF convenience. How could they
/ De subsidiary companies OF the Inter-
! continental Rubber company and or
/ gsnlzed for It's convenience, when both
! OF them were organized before II was;
one OF them almost three years before
| lie says that these two older COM
| panies surrendered their charters in
1909 for the purpose of saving eX-
penses and taxes But the charter Of
! the Consolidated Inter Continental
| rubber company, filed Dec 6. 1908.
shows that ~ had absorbed these other
two organizations and that the pur-
pose OF the organization among the
uiher things was the collection. intro
duction. purchase. sale. distribution,
etc, Of gums, caoutchouc, copll. crude
rubber rubber, EuttaperCha, water
proof, impervlous. fiberous or plastic
materials, or articles used In connection
herewith, or manufactured thereof or
by-pioducts of such manufacture. thu
cultivation, purchase, sale. etc, OF
trees, vines, plants, etc, producing
such substances to acquire and hold
or dispose OF processes. patents trade
marks and trade names; 10 purchase,
or otherwise acquire. the property aud
assets of all kinds Of any person or
corporation ana 90 dispose of the same,
To purchase and hold or dispose Of
stocks and bonds. TO borrow money
ana 10 issue bonds debenturcs. or 9TH
er Obligations. etc 10 enter into CON
tracts. TO construct ana operate work.
shops, factories. machinery, etc. TO
construct maintain, operate etc, pipe
lines gas works, reservoirs, water
power, highways, etc; to construct ana
operate railroads for the transportation
II persons, materials, supplies, etc;
TO develop town and townsites to keep
stores and 10 produce and deal In agrl-
cultural products, food, beverage.
drugs, furniture, machinery. tools, sup
piles, goods. wares. merchandise and
manufactures. TO mine, dig. cut and
deal in machinery and apparatus which
can be used for any Of the aforesaid
objects and generally TO carry on the
business Of mining to engage In any
and an commercial expectation and
importation and any business and ex-
plotation, whether commercial. indus
trial, manufacturing, mineral, forestal,
agricultural or otherwise. under the
laws Of New Jersey; to purchase and
deal In real estate In the United states
franchises and dispose of same; 10 en-
gage i'm business sue and be sued In the
United states and foreign countries
to do any and an acts incidental. de
sirable, necessary essential or conducive
20 the attainment OF the foregoing OBJ
jects
These sweeping powers are very
interesting way OF saving expenses.
Il stated that this Inter Continental
81
which was on Dec. 6, 1903,
had, within three months and four
days paid on the preferred stocks.
dividends aggregating 1872 per cent.
This Mr. Aldrich, in substance, admits.
though 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 a stakeholder In the COM
pany.
Il stated that the Inter continental
company owns the capital stock of five |
other companies, In addition to those
absorbed by the mergers referred TO.
and that though some Of these com
Danles. II owned several million acres
II land In Mexico and was producing
from It's factories from 500. 900 20 i1O0-
200 pounds Of crude rubber per month.
This Mr.. Aldrich admits in his
yet he declares that the |
only element Of truth In reference to |
The rubber duty was the fact that the |
lutv was Increased on the manufactur- |
'rs and that he was a stakeholder IN |
he Inter-'ontlneutal Rubber company |
II stated also that the Inter Contin- |
'ntal Rubber company owned a CON |
rolling interest I'm the capital stock Of |
he American Congo company. organ
zed through the concession given by !
he Belgium government and II con- |
,ne-half million acres Of land on the
'ougo IN Africa. This Mr.. AldriCh |
neither ahlrms nor denies but he
Snows IL Is true.
RUBBER PRICES ADVANCED.
q stated that since the tariff bill
las passed and since the absorption OF
hcse other companies by the Inter-
Rubber company the price
4 manufactured rubber has advanced
o the people Of the United States
bout % per cent. This Mr.. AldriCh
dmits. He denies that he or hts
amily have any interest in any CON
ern manufacturing rubber, or that
he Inter Continental Rubber com
any controls the price OF crude rub
er. Mr. Aldricn knows that the Gug-
enhcims. Thomas =. Ryan. II. Z.
and himself are the controll-
lg influences In this Inter Continental
lubber company, and under It's chart
r. from which have quoted, II is en-
owercd 10 transact any kind OF bust !
css on earth except preaching the I
ospel and that H. through the or
anization OF subsidiary companies. |
oes transact business In various parts
the world. that II handles large |
uantities Of crude rubber; that IL wac
rganized for the purpose OF getting
ontrol OF the market and TO supply !
rude rubber and other things and by
he controlling OF the supply Of crude
lhber that every manufacturing con-
am In Americs would be absolutely
nder its control
The organization OF this holding
lmpany Is a developing process IN the
-ganization OF the rubber business.
ist as Rockefeller organized the oil
nsiness, Ryan the tobacco business,
nd Guggenheims the lead ana smelling
lsiness.
He admits that the increased duty
d rubber was an added protection
ven to the manufacturers when Il
as not needed, that as a result OF
,is increased duty. they could ad
h.. A I