Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-08-13

Nlnff StHtPHltUNS itiNif'N ~ N'Htafh
single element OF truth.
Now. what were the other state
ments | made? ,"
II stated that the Continental Rub
ber company was organized under the
laws of New Jersey, January -, 1903
that the Continental Rubber company
of America was organized under the
laws of New Jersey, January 3, 1906
and that the Intercontinental Rubber
company was organized under the
laws of New Jersey, December 6
1906. Now, Mr.. Aldrich SAYS that
the first two companies named were
subsidiary companies of the lntercon-
tinental Rubber company and that II
owned all of their stock and that they
were organized for the sake of con-
venience, How could they be sub
sidiary companies of the lnterconti-
mental Rubber company and organiz-
ed FOR its convenience when both of
them were organized hefore II was
one Of them almost three years be-
fore?
"He saws that these two older COM
panies surrendered their charters IN
1903 to save expenses and taxes But
the charter of the Consolidated IN
tercontinental Rubber company, III
ed December 6, 1909, shows that II
had absorbed these other two organ
izations and that the purpose of the
organization among the other things,
was the collection, production, pur-
chase. sale. distribution, etc, of gums,
caoutchouc. copal, crude rubber, rub
ber, gutapercha, waterproof lmperV-
ious. fiberous or plastic materials, or
articles used in connection herewith,
or manufacturers thereof. or by-pro-
ducts of such manufacture, the cult-
vation, 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 ana
assets OF all kinds of any person or
cornora tion and to dispose of the
same. to purchase and hold or dis
pose of stocks and bonds to borrow
money and to issue bonds, debentures
or other obligations, etc, to enter IN
to contracts: TO construct and operate
workshops, factories, machinery, etc,
TO construct maintain operate etc,
pipe lines. gas works reservoirs, wa
ter power. highways, etc; 10 con-
struct and operate railroads, for the
transportation of persons Materials
supplies, etc; to develop towns ana
townstes, to keep stores and to pro-
duce and deal in agricultural products,
Il
machinery, tools, supplies, goods,
wares, merchandise and manufac-
lures: to mine, dig, cut and deal in
machinery or apparatus which can ne
used for any of the aforesaid objects
and generally to carry on the busi-
ness of mining to engage in any ana
all commercial expectation and I'M
nortations and any business and eN-
ploitation whether commercial, indus-
trial, manufacturing. msnefal, dsfieul-
tural or otherwise, under the laws OF
New Jersey: to purchase and deal IN
real estate in the United States and
foreign countries and to acquire fran
chises and dispose of same; to en-
gage In business, sue and be sued, III
the United States and foreign coun-
tries; to do any and all acts incl
dental desirable, necessary essential
or conducive to the attainment of the
objects
These sweeping powers are very
way of saving expenses
Il stated that this Intercontinental
after these mergers were
which was on December .,
a Ia. l,r q
four DAYS raid 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 or
truth in my entire discussion Of the
rubber duty was that the duty was
increased and that he was a stock
holder in the company
IT stated that the Intercontinental
owned the capital stock OF
five other companies in addition TO
those absorbed by the mergers re-
ferred to, and that through some Of
these companies it owned several mill
lion acres of land in Mexico and was
producing from its factories from
eight hundred to eleven hundred
thousand pounds OF crude rubber per
month.
This Mr. Aldrich admits in his
yet he declares that the
only element of truth in reference 10
he rubber duty was the fact that the
duty was increased on the manufac
turers and that he was stock holder |
n the Intercontinental Rubber COM
)any.
Il stated also that the IntercOnti- /
Mental Rubber company owned n con- !
rolling interest in the capital stock Of
he American Congo company organ /
zed through the concessions given by |
he Belgium government, and 1t con-
rolled under this concession two and |
me half million acres of land on the |
Congo in Africa. This, Mr.. Aldrich |
neither affirms or denies, but he
Snows IL Is true.
II stated that since the tariff bill /
passed and since the absorbing of !
hese other companies by the Inter-
Rubber company. the
rice of manufactured rubber has ad-
to the people of the United !
states about 25 per cent. This Mr..
Aldrch admits. He denies that he or
lis family have any interest in any
oncern manufacturing rubber or that
he Intercontinental Rubber company
ontrols the price Of crude rubber.
fr. Aldrich knows that the Guggen-