Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-08-12

| it absolutely controls.
| "4-What this vast rubber monopoly.
| the fntercontinental Rubber Co, was
| able, on account of the changes in the
| tariff referred to, to adVance-and did
| rapidly adVance--the price of every
rubber product. from automobile tires
to baby rattles.'
"5--That the increase in the rate on
rubber manufactures from 30 to 35 per
| cent. enabled the lntercontinental
| Rubber co. to realize Immediately
enormous profits. as shown by tho
large dividends it had paid in the
early months of the present year and
| the increase in rates was brought
about with this end in view
1T is true that an increase in the
rate took place in Paragraph 463. which
| included certain manufactures Of In
ola rubber with other items. and it, is
also true that | am a stockholder and
| a director in the Intercontnental Rub
| Der co, but none of the other state
ments referred to contain a single ell
ement Of truth. | should be glad to
think that in these statements Senator
Bristow had been cruelty imposed upon
| by some designing person as l do not
| like to believe that any senator could
he guilty of deliberately manufacturing
statements so false in every partlcu-
| lar.
"Naither the Intercontinental Rubber
Co. nor |, nor any member of my fam
| Ev has ever had any pecuniarN inter-
est as to whether the rates on man.
ufactures of rubber We're 80. So or 800
! per cent. or whether crude rubber was
on the free or the dutiable list
THE Intercontinental Rubber Co.
V rs incorporated in 1906 with the gen
| cral powers of e business corporation.
! here has been no change whatever,
either during or after the session of
Congress- since that time in the bust
n SIS or control of the company, or In
tie purpose for which it was organized
These being all established at the time
OF organization long before the tariff
act of 1909 was ever thought of.
"rhc company is and has been the
owner of Stock-the entire amount In
every case but One-in subordinate
companies organized for purposes of
convenience in the conduct of the bus
mess of producing crude rubber in va
rious parts of the world The charters
of two of these companies were sur
r. ndered in 1909 for the purpose Of
simplifying the general organization
of the business and saving expenses
and taxes.
Neither the Intercontinental Rubber
Go. nor any of it's subordinate compa-
nies-and in this | include the two
companies whose charters We're sur
rendered in 1909-have now or ever
I. 4 Il
rcctly or indirectly in any business ex-
c"pt in the production of crude rub
Der in countries outside of the United
states and in the sale and deliveries
OF its crude rubber products in avail
able markets here and abroad.
Neither the Intercontinental Rub
Der Co., nor any of its subordinate
companies have ever had the slightest
interest, direct or indirect. in the man
fracture of any article covered by the
Change in rates on rubber manufac
lures in the paragraph alluded to or
otherwise: and neither the Interconti-
mental Rubber Co nor any of its sub
ordinate companies have ever had any
part in any combination, agreement,
arrangement or understanding with
any company or person with reference
to any manufactured product of rub
her or the price of any such product.
"'i'he Intcrcontinental Rubber Co. is
not in any sense a good or bad rubber
trust. No one connected with it was
| ever-in combination or agreement or
| arrangement with anybody with refer
| ence to tie production or control or at
tempt to control the price of crude rub
Der. or of any manufacturing concern
have been solely with reference of sale
and delivery of it's crude products. 1t
| mad at one time serious differences with
a subordinate company of the United
States Rubber Co. with reference to
| the quality of rubber delivered. There
were afterwards reconciliation to mu-
tual satisfaction but the Arrangement
of those differences in a new contract