The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1910-08-13
RE|TERATES THAT RUB
Der COMPANY IS TRUST
Also Refers in Milwaukee
Speech TO Railroad Legls-
Iatlon In Congress
(By Associated press.)

Bristow, OF Kansas, In his speech
here last night. which he stated WAS
In reply to the letter Of Senator Nei-
son w. Aldrich defending himself
against the charges the Kansas sep
ator relating TO the tariff on rubber
launched into the subject by saying
Senator Aldrich declares that the
lnter-Contincnta Rubber company isl
rot trust, and at the same time al.
niits that 1t IL holding company
Senator Bristow then took up Nj.
Aldrichs declaration that neither heI
nor his family had proiitcd drcc'iS
OF indirectly by the tariff on manufac
Iturers. and that he increased the duty
on their products when they did rot
need II for protection
Then referring to his own speech
AZ Winfield Kansas, on July .. Senn-
or Bristow declared that Mr.. Aldrs.
took exception to his remarks on i!leI
rubber duty especially.
"iIc iguorcs the other features u
my speech" Mr.. Bristow said.
Senator Bristow also spoke Of the
railroad legislation of congress along
lines discussed in his previous speech
laying great emphasis upon the over
capitalization OF railroads,
Senator Bristcw's speech in part -
as follows:
"Mr Aldrich declares thai the Inter
| Continental Rubber company Is not
4 trust, and n the same time admits
that IL is holding company which
controls numerous subsidiary orgaui
zations that we're organized for The
purpose Of handling the crude rubber
business in various parts of ihf
world
He saws that neither he nor hts
family has protited directly or Indirect
/ " BY the tariff on manufactured run
ber, yet ho admits that he Is produc
ing millions Of pounds Of crude rub
her bcr annum, selling II to American
manufacturers. and that he increase
The duty on their products when theg
did not need it for protection and
when they already had control OF tho
American market and were export
ing manufactured rubber: that Is, h.
Increased the duty enabling the manu-
facturer to advance the price Of the
American consumers. and admits that
they did advance the price, yet ne
says that he nor his family has profit.
ell directly or Indirectly. He admits
that dividends had not been paid be.
fore the consolidation of the various
companies into one and that atter
the consolidation enormous dividends
we're paid as stated In my speech.
in my speech at Winfield, Kan
sas, on July 8, analyzed the Payne
Aldrich tariff bill, referring especially
to the duties on lead and lead product,
cotton cloth and woolens. especiai2
referring to duties on cotton cloths
and manufactured rubber. declared
that the duties on these various coir'
modtes were fixed not In the inter
est Of the people. but of certa II
trusts. combines aud spectators.
"Mr. Aldrich, in signed statement
takes exception to my remarks on The
rubber duty especially He ignores
the other features of my speech. .le
also made number OF sarcastic ref
erences to myself and other Repuu
lican senators who saw fit to vote in
interest of our constituents rathc'
than as Mr. Aldrich wanted US to. His
opinion of myself and The other SEN
s'ors Is Of little consequence, but
desire to call spcaial attention To
some of the statements Of Mr.. All
rich made in his explanation. H.
I..,t a.
the rate took place in paragraph ~
which includes certain manufacture
Of Indian rubber with other items, an
III Is true that | am stockholder att
director in the lntcr-Coutincntal Itup
her company. but none OF the olher
statements referred to contain single
element of truth Now what We
the other statements ] made?
Il stated that the. Continental Rnh
Der company was organized under tn
laws of New Jersey. January %, lsn'
that the Continental Rubber company
Of America was organized under tae
laws of New Jersey January .. 1905
. and that the nter-Continental Rub
Der company was organized under tbs
laws of New Jersey December 9. 1905
/ Now Mr.. Aldrich SAYS that the hrsl
two companies named were subsidiary
companies OF he lnter-Continenta
Rubber company and that It owned al
of their stock. and that they were or
ganized for the sake OF convenience
How could they be subsidiary coin
, panips of the nter-Contincntal Rub
ber company and organized for its
convenience when both of them weis
organized before II was one OF then
almost three years before.
.He says that these two older com
4 psnies 'susreadesed tleis onalle1s ~
1909 for the purpose Of saving ev
penses and taxes. But the charter
of the consolidated lnter.Continenta