The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-08-12

have had any interest whatever. direct
~ or Indirectly, in any business, except
in the production of crude rubber. in
countries outside Of the United States
and in the sale and delivery of its
crude rubber product in available mar
kets here and abroad.
No Interest In Tariff.
Neither the Continental Rub
Der company nor any Of its subordinate
companies have ever had the slightest
interest. direct or indirect in the man
ufacture Of any article covered by the
change in rates on rubber manufac-
lures ia the paragraph alluded 10 or
otherwise; and neither the lnter-Con-
linental Rubber company, nor any Of
its subordinate companies, have ever
had any part in any combination,
agreement, arrangement or understand
ing with any company or persons with
reference 10 any manufactured product
OF rubber, or the price OF any such
product.
The Inter-C Continental Rubber COM
pany Is not in any sense nor Of any
kind--good or bad-a rubber trust. IT
was neVef-and no one connected with
IL was ever-in combination, or agree
ment, or arrangement with anybody
with reference TO the production, or
control, or attempt to control, the price
OF crude rubber. or OF any manufacture
OF rubber The only relations il ever
had with any rubber manufacturing
concern have been solely with
reference 10 the sale and deliv-
cry OF its crude products. 1t had
az one time serious differences with a
subordinate company of the United
States Rubber company with reference
10 the quality OF rubber delivered.
These were afterward recOnciled TO
mutual satisfaction; but the arrange
ment OF these differences in a new
contract involved no new subjects. and
Is the only arrangement OF any kind
that we have ever had with this COM
pany or any other.
with reference to my personal in
terest IN the matter. 1 VIII say that for
ten years / have been greatly interest
ed, financially and otherwise. in the
development OF plans for extracting
crude rubber from shrubs, vines and
trees by scientific, chemical and me-
ehanical processes instead of the old
fashioned tapping method now in gem
eral 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
has never been any attempt a conceal
eoncealment OF my deep interest in this
development.
His Measure of Success.
THE measure of success which has
been achieved by the young men who
have had the management of the COM
panies has been a source of satisfaction
and OF pride TO me.
Among other things accomplished
IS the yearly production in Mexico by
our company from the guayule shrub
or about ten millions OF pounds OF crude
rubber other cOmpanie producing in
Mexico about an equal amount. To ac-
complish this an entirely new industry
was established. Fifteen years ago,
6uayule shrub on the Mexican plains
and the lands on which Il grew were
Va
time 10 accomplish approximate re-
suits IN other countries l have no
apology TO make for my part (Which
mas been unimportan) in this work.
In the success attained the tariff OF
the United States has played no part
whatever. The price OF crude rubber is
fixed ia the markets OF the world by
the memorable law OF supply and de-
Inand. II Is governed by auction sales
at London and Antwerp. The great in
crease in the price in recent years is
owing TO the enormously |
increased demand for automobile tires
ana Tor electric and other industrial !
uses, with no corresponding increase in |
the available supply. The change in |
our tariff OF five per cent on a very
limited number of the manufactures
or rubber, in August, 1909, had as lit |
ment of the tides.
IN 1902. the price OF fine Para was
20 cents pound; in April 1910. the
price had reached 50 a pound, the pres |
enI price being about $40 pound.
II the price has been affected at all
Dy the product Of the ter-COntinental |
rubber company and other kindred |
rubber producing companies, II has |
been 10 impede the advance by furnish |
ing new source of supply.
Crude rubber is and has been on the /
Tree list OF our tariff. and there has |
been no movement or suggestion from
any source TO place IL on the dutiable /
list. III this important raw material /
which completes with no domestic prod /
uct, should be placed upon the dutiable 1
list the duty would clearly be added 1
70 the cost OF the rubber 10 the manu- /
iacJurer or the consumer, and would 1
not affect the producer, whose price
you'd clearly be controlled by the mar /
ket Of the world
Ridiculous Statements
"Or all the ridiculous statements /
made by the Kansas senator, none is /
quite so ridiculous as that in which /
ne states that the Inter Continental |
rubber company absolutely controls /
The crude rubber supply. The worlds 4
production OF crude rubber in 1909 /
was about 175.000.0OO pounds. OF 4
which the United States took about
t5,OOO,OOO pounds. The production of !
he lnter-COntinental Rubber company
ana its subordinate companies was
ABOUT 100000 pounds, or less than
per cent OF the whole.
As l have already stated the Inter
continental Rubber company has never /