The Denison review. [volume] (Denison, Iowa) 1867-current, 1910-08-17
ton Of the business and saving ex-
penses and taxes.

ters were surrendered In 1909, have
not now or ever have had any part
whatever, directly or indirectly, In
any business except the production
Of crude rubber outside the United
States. and the sales and delivery
Of It's crude rubber product in avail.
able markets here and abroad.
Neither the Intercontinental Rub
Der company nor any, Of its subordi-
nate companies have ever had the
slightest interest, direct or indirect,
In the manufacture Of any. article COW
cred by the change IN rates on rub
Der manufactures In the paragraph
referred to or otherwise. and neither
the Intercontiaental Rubber company
nor any Of its subordinate companies
have ever had any part in any com
mission. agreement, arrangement or
understanding with any company or
person with reference to any manu-.
featured product of rubber or the
price of any such product.
Company Not I Trust.
The Intercontinental Rubber com.
pany is not in any sense nor Of any
kind good OF bad rubber trust
It was never-and no one connected
with 1t was ever-in combination or
arrangement with anybody with ref
erence to the production or control.
or attempt to control. the price Of
crude rubber or Of any manufacture
of rubber. The only relations 1t ever
had with any rubber manufacturing
concern have been solely with refer
Tsnce to the sale and delivery Of its
crude products. It had at one time
serious difference with a subordinate
company of the United States Rubber
company with reference to the quail
.tyI Of rubber delivered. These were
afterwards reconciled to mutual sat
iisfaction; but the arrangements Of the
differences in q new contract involved
no new subjects and is, the only ar
rangement Of any kind that we have
ever had with this company OF. any
other.
With reference to my personal in
terest in the matter. will say that
for ten years have been greatly in
terested financially and otherwise, in
the development Of plans for extract
ing crude rubber from shrubs, vines
and trees by scientific chemical and
mechanical processes instead Of the
old fashioned tapping method now in
general use.
The formation Of the companies to
which have alluded was for the nee.
essary organization Of this business
in various parts of the world. There
never has been any attempt at CON
solidation on my part or any reason
for concealment Of my deep interest
in this development. The measure OF
success which has, been achieved by
the young men who have had the
management of the companies has
been source of satisfaction and OF
pride to me.
New Industry Built Up.
Among other things accomplished is
the yearly production In Mexico by
our company from the guayule shrub
OF about 100000 pounds Of crude
rubber; other companies producing in
Mexico about an equal amount. To
accomplish this an entirely new in.
dustry was established. Fifteen years
ago the guayule shrub on the Mexi
can plains and the lands on which ii
grew were practically valueless. We
expect in time to accomplish approx
innate results in other countries. In
the success attained the tariff Of the
United States has played no part
whatever.
The price Of crude rubber is subjec,
to the law Of supply and demand and
lis governed by euction sales in Lon
don and Antwerp. The great increase
in the. price in recent years is un
doubtedly due to the enormous in
creased demand for automobile tires
and for electrical and other industrial
uses, with no increase in the avail
able supply. The change in our tar
lift of 5 per cent on very limited
number of the manufactures of rubber
In August. 1909. had as little to d.
with it as had the movement of the
tides.
In 1902 the price of fine para rub
Der was 70 cents pound; in April
1910, the price had reached So PEI
pound. the present being about $2.4l
= pound. II the price has been al