Arizona republican., 1910-08-12

! stOckholder and director.
"3-That this huge rubber trust i'm
mediately advanced largely the price OF
| crude rubber, the supply of which il
absolutely controls
"4-That this vast rubber monopoly
the Inter Continental Rubber company
was able. on account of the changes In
the tariff referred to, to advance-did
rapidly advance-the price of every
rubber product, automobile tires and
babies rattles'
"5-That the increase i'm the rates
of rubber manufactures from 80 to 80
per cent enabled the Inter Continental
Rubber company to realize immediate
ly enormous profits as was shown by
the large dividents paid in the early
months of the present year, and that
the increase in rates brought about
this end.
TWO SIMPLE TRUTHS.
"It is true that an increase in the
rates took place in paragraph 463,
which included certain manufactures
of India rubber with other items 1t is
true also that i am a stakeholder and
director of the Inter Continental Rub
ber company, but none of the other
statements referred to contain a single
element of truth. / am glad to think
that in these statements Mr.. Bristow
has been cruelty missed by some de-
signing person. as il is not likely that
any senator would deliberately manu-
facture statements SO false in every
particular.
Neither the Inter Continental Rub
ala.al.
of my family had any pecuniary in
terest whether the rates of manufac-
lures of rubber were 20, 80 or 300 per
cent, or whether crude rubber was on
the free or the dutiabie list.
NOT INTERESTED IN RATES.
THE Inter Continental Rubber com
pany was Incorporated with the gener-
al powers of a business corporation.
There was no change whatever, either
during or after the session of congress.
nor since that time, in the business
control of the company, or the pur-
poses for which it was organized, these
all being established at the time of
the organization, asd long before the
tariff act was thought of.
THE company is and has been, the
owner of the stock in the entire amount
in every case but one, of its subordin-
ate companies, organized for the pur-
poses and convenience of conducting
the business of producing crude rub
ber in various parts of the world. The
charters of two of these companies
were surrendered for the purpose of
simplifying the general organization OF
the business and saving expenses and
taxes.
Neither the Inter Continental nor
any of its subordinates, including the
two companies whose charters were
surrendered, now or ever have had any
interest whatever, directly or Indirect
ly. in any business except the produc-
tion of ~crude rubber in countries out
side the United States and the sale and
delivery of crude rubber products in
available markets here and abroad.
Neither the Inter Continental nor
any of its subordinate companies have
the lightest interest, direct or Indirect,
In the manufacture of an article COW
cred by the change in the rates for
rubber manufactures in the paragraph
alluded to, and neither the Inter-Co
tinental nor its subordinate companies
had any part in any combination. afree-
ment, arrangement or understanding
with any company or person with ref
erence to the manufactured product of
rubber or the price of any such pro-
duct.
"The Inter- Continental is not in any
sense of any kind-good or bad-a rub
Der trust. Never has it, nor any one
connected with 1t, entered into CONT
bination, agreement or arrangement
with anv body with reference to the
production control or an attempt TO
control the price of crude rubber or
anv manufactures of rubber. The only
relations it has ever had with any rub
ber manufacturing concern has been
solely with reference to the sale and
delivery of crude products.
I'm 1902, the price of fine Para rub
ber was 20 cents a pound. The April,
1910. price reached SO pound. the
present price being about $2.40 a
pound If the price has been affected
at all by the product of the Inter
Continental and other kindred rubber
producing companies, it has been i'm
peded in its advance by the furnishing
of a new source of supply.
Crude rubber has been on the free
list of the tariff and there has been
no movement nor suggestion from any
source to place it on the dutiable list.
II the important raw material, which
completes with no domestic product,
should be placed upon the dutisble