The Washington herald., 1910-08-13
QUOTES
ALDRICH IN REPLY

Continued from Page One.
duties on cotton cloths and manufactured
rubber. I declared that the duties on
these various commodities wefe fixed. not
in the interest Of the people. but Of GER
tain trusts. combines. and spectators.
Mr.. Aldrich then, in a signed statement,
takes exception 10 my remarks on the
rubber duty, especially. He ignores the
other features Of my speech He also
made number of sarcastic references
to myself and other Republican Senators
who saw 1T TO vote in the interest Of
our consu ments rather than as Mr.
Aldrich wanted as TO.
His opinion OF myself and the other
Senators is OF little consequence. but
desire TO call special attention to some
OF the statements OF Mr. AldrIch in his
explanation. He says:
AIdrich's Admissions.
1T is true that an increase in the rate
took place in paragraph 1853. which in
cludes certain manufactures OF India rub
Der with other items and II IS true that
l am a stockholder. and director in the
International Rubber Company, but none
II the other statements referred 70 con-
tain a single element OF truth
Now what were the other statements
I made? I stated that the Continental
Rubber Company was organized under the
laws Of New Jersey January %, 1909. That
the Continental Rubber Company Of
America was organized under the laws
OF New Jersey January 5, 1906 and that
the Intercontlnental Rubber Company was
organized under the laws or New Jersey
December 6, 1906 Now, Mr. AIdrich says
that the first two companies named were
subsidiary companies of the Interconu-
mental Rubber Company. and that II own
ed all OF their stock. and thar they were
organized for the sake OF convenience.
How could they be subsidiary companies
Of the InterCOntinental Rubber Company
and organized for its convenience when
both of them were organized before Il
was. one o. them almost three years be-
fore. He says that those two older com
panies surrendered their charters in 1909
for the purpose OF saving expenses and
taxes
Objects OF the Company.
but tho charter ot the Consolidated
Interconunental Rubber Company. filed
December G. 1909. shows that II absorbed
these other two organizations and that
the purposes OF the corporation. among
other things. were the collection. prodlc-
lion rrrrohaca colo 1fr.-yh..r..
gums. caoutehouc. copal. crude rubber.
rubber gutta-percha. waterproof I'm
pervious. fbrous. or plastic materials. or
articles used In connection Herewith. or
manufactures thereof; OF by-products OF
such manufacture, the cultivation. pur-
chase. sale, &c, OF trees, vines. plants.
&c, producing such substances: 10 ac-
quire and hold or dispose OF processes.
patents, trademarks and trade names:
70 purchase or otherwise acquire the
property and assets Of all kinds OF any
persons or any corporation and 10 dispose
Of the same; to purchase and hold or
dispose OF stocks and bonds: 10 borrow
money and 20 Issue bonds, debentures. or
other obligations &C; 20 enter into con-
tracts: 70 construct aud operate work
shops, factories, machinery, &c: 10 con-
struct. maintain, operate. &C, pipe lines.
gasworks. reservoirs, water power. high
ways, &c; 70 construct and operate rail
roads transportation Of persons. mate
rails. supplies. &c, to develop towns and
townsites. 10 keep stores and to produce
and deal IN agricultural products. foods.
beverages, drugs. furniture. machinery.
tools. supplies, goods. wares. merchandise
and manufactures; 10 mine. dig. cat. and
deal in machinery or apparatus which Is
used for any OF the aforesaid objects.
and generally 10 carry on the business
OF mining. 10 engage in any and all com
mercial expectation and Importation OF
any business ard exploitation whether
commercial. Industrial. manufacturing.
mineral. terrestrial. agriculture or other
wise under the laws OF New Jersey: 10
purchase and deal in real estate in the
United states and foreign countries and
70 acquire franchises and dispose Of
same; TO engage in business. sue and be
sued. IN the United States and foreign
countries: TO do any and all acts identl-
cal. desirable necessary. essential. or
conducive 10 the attainment Of any Of
the foregoing objects.
Saving of Expenses.
These sweeping powers are a very
interesting way Of saving expenses.
I stated that this intercontinentaI
company. after these mergers were COM
pleted, had within three months and
four days paid on It's preferred stock
dividends aggregating 49, per cent. This
Mr. Aldrich in substance admits. though
he said in his first statement that the
only element Of truth in my entire dis
cussion OF the rubber duty was that he
duty was increased and that he was a
stakeholder in ths company
i stated that the IntercontinentaI