Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-08-12

which II absolutely controls.
"a. That this vast rubber monopoly,
the Intercontinental Rubber company,
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 rub
ber tires to babies rattles.
20. That the increase in the rate
on rubber manufacturers from 80 to
35 per cent enabled the Interconti-
mental Rubber company to realize i'm
mediately enormous prof.tp as shown
by the large dividends it had paid in
the early months Of the present year
and that the increase in rates was
brought about with this end in view.
Bristow Victim of Delusion.
1t is true that an increase in the
rates took place in paragraph 463
which included certain manufacturers
of Indian rubber, with other items
and it is true also that ! am stock
holder and Il director in the Inter-
continental Rubber company: but
none of the other statements referred
to contain n single element of truth,
| should be glad to think to these
statements Senator Bristow had been
cruelty imposed upon by some person,
and | do not like to believe any sena-
tor could be guilty of deliberately
manufacturing statements so false in
every particular
Categorical Denial of Charges.
"Neither the Intercontinental
Rubber company nor I, nor any mem
ber of my family has ever had any
pecuniary interest as to whether the
rates for manufacture of rubber were
90 80 or 800 per cent, or whether
crude rubber was on the free or du-
table list.
.'The Intercontinental Rubber COM
panv was Incorporated in 1905 with
the general powers Of q business corr
poration. There has been no change
whatever, either during or after the
session Of congress, since that time IN
the business or control Of the COM
pany or in the purposes for which II
was organized, these being all estap-
lished at the time of organization
long before the tariff act of 1909 was
ever thought or.
THE company IS and has been, the
owner of stock-the entire amount in
every case but cne-in subordinate
companies. organized for purposes OF
convenience in the conduct of the
business of producing crude rubber
i'm various parts of. the world. me
charters of two of these companies
were surrendered in 1909 for the pur-
pose of simplifying the general or
eanization Of the business and saving
expenses and taxes.
Neither the Intercontinental Rub
Der company nor any Of It's SUD
ordinates-and in this ] include the
two companies whose charters were
surrendered in 909--have now or
ever have had any interest whatever
directly or indirectly. in any business
except in the production of crude
rubber in countries outside Of the
United states end IN the sale and de-
livery Of its crude rubber product III
available markets here and abroad.
Neither the Intercontinental Rub
ber company nor any Of its suDorulh-
ate companies have ever had the
slightest interest direct or indirectly
In the manufacture Of any article COW
cred by the change in rates on fuppel
manufacturers in the paragraph al
luded to or otherwise. ana nelthef
the Intercontinental Rubber COMPANY
nor any Of its subordinate companies
have ever had any part in any COM
bination. agreement, arrangement or
understanding with any company or
person with reference to any manu-
factured product of rubber or the
price OF any such product.
His Company Not Trust.
'.The Intercontinental Rubber com
many is not i'm any sense nor of any
kind-good or bad-a rubber trust.
II was never--and no one connected
with It was ever--in combination OF
agreement or arrangement with any
bodv with reference to the production
or control. or attempt, to control, the
price of crude rubber, or of any man
ufacture Of rubber. The only rela-
lions il ever he'd with any rubber
manufacturing concern have been
solelv with reference 20 the sale ana
delivery Of its crude products. IL had
~ one time serious differences with
euhordinate company or the lnlteu
states Rubber company with refer
once 10 the quality Of rubber deliV-
cred These We're afterwards recon
ciled 70 mutual satisiaction' hut the
ARRANGEMENT cf these differences ~
new contract involved no new SUP
iects and is the only arrangement OF
any kind that we have ever h"u WIZ"
this company or any other.
Interested In Rubber Production.
,.Wlth reference 10 my personal m
terest in the matter ] VIII say tnh'
for ten years ! have been greatly IN
terested. financially and otherwise. IN
the DEVELOPMENT Of plans ot extract
ing crude rubber from shrubs, vines
and trees by scientific, chemlcai az"
mechanical processes instead OF inc
old-fashioned tapping method no" IN
general use.
The formation % the companies
TO which / have alluded was Tor the
necessary organization OF thls Dus,-
moss i'm various parts of the wofld.
There has never been any attempt at
concealment on my part. or any rea-
eon for conceaiment of my deep IN
terest in this development.
.The measure of success. which mas
been achieved by the young men VINO
have never had the management oI
the companies. has been a source OF