Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1910-10-04
A w. VA. CORPORATION


| that the Turpentino Trust. one of the
most powerful American monopolies.
has for its moving spirit man who is
not even q citizen OF the United
States. Spencer z. Shotter, Chairman
Of the Board of Directors of hte Amer
lean Naval Stores Company. through
whose efforts, largely, the trust reach
ed its present state Of commercial
opulence and who is one of the ofi-
| Gals under a pail sentence for ciolat-
ing the Sherman Antitrust law, is n
Canadian by birth, and as far as
known has not taken out naturaliza-
ton papers.
This same 5. +. Shotter is chairman
Of the board of directors of the Amer
can Naval Stores company, an asso-
ciated corporation and is under sen.
tence of three months in Jail and a
fine OF $4,000. The following officers
If the company besides shelters have
been sentneced:
}. f. Cooper Myers, vice-president
of the American Naval Stores Com.
pany, sentence to three months in
Jail and fined $500
Edmund S. Nash, president OF the
American Naval Stores Company.
tined $4,000
George NJ. Boardman treasurer of
the American Naval Stores Com
pank, fined $1,000
Carl Meller, agent for the American
Naval Stores Company at Jackson
Vile, fined $4,000.
On May IA, 1909, Judge William
b. Sheppard in the United States Dis
trlct Court at Savannah, Ga, passed
sentence on the convicted officials.
An appeal was taken, which has never
been heard. Meanwhile the opera
tons of the trust continues.
1t is of interest to note that when
tho Turpentine Trust was formed.
identical companies were incorporat.
ed in New York and West Virginia.
The New York Company, according
TO its articles of incorporation. had
only $500 TO start business with. It
was supposed to be capitalized at
10000. The West Virginia concern
had $1,000, 900 capital.
The trust has advanced it's prices
from thirty-five to fifty per cent The
World further shows that the burden
or eXorbitant prices placed on rosin
and turpentine is borne indirectly by
every wage Garner in the country.
With every cake of soap purchased
tribute is paid to the Turpentine
Trust. Every gallon Of paint and can
'irarnish, through its increased price
touches the pocket OF the everyday
citizen Manufacturers of paper.
grease makers, foudrymen, tinsmiths.
druggists, vtolinists, acrobats, all
have to pay the additional tax levied
by the trust.
If milady objects to. the increased
cost of box of writing paper and
the wax with which she seals her
letters she has the Turpentine Trust
to blame. Many medicines and com
mon remedies have been advanced in
price because Of the higher cost Of
turpentine
While there are some substitutes
for turpentine for some uses. rosin
occupies the unique position OF be-
Ing perhaps the only commodity for
which no substitute can be rendered.
it is sovereign in it's field Consum-
ers must use it as conditions are or
cease manufacturing the articles into
which it enters. Deplore the high
prices though they may. object as
they do, in the end they must turn to
it 10 meet their requirements.
West Virginia is fast gaining the
reputation Of New Jersey in being the
home Of disreputable and wild cat
corporations.