The Birmingham age-herald., 1910-08-12
ALDRICH TRIES
 TO EXPLAIN THE
 RUBBER TARIFF
CONTINUED FROM PAGE ID

diately advanced largely the price of crude rubber, the supply of which 1t ab- solutely controls
 "A That this vast rubber monopoly, the Inter-Continental Rubber company was able on account of the changes in the tariff referred to to advance and did rap idly advance. The price of every rubber product went up from automobile tires to rattlers for babies.
 "'5. That the increase in the rate on manufactured rubber from 30 to 35 per cent enabled the Inter Continental Rubber company to realize enormous profits as shown by the large dividends 1t had paid in the early months of the present year, and that the increase in rates was brought about with this end in view. Increase in the Rates Tt is true that an increase in the rates took place In the paragraph numbered 46S which included certain manufactures of India rubber with other items, and it is also true that I am a stockholder and director of the Inter-Continental Rub- Der company, but none of the other state
 ments referred to contain a single ele-
 ment of truth. I should be glad to think | that in these statements Senator Bristow had been cruelty imposed upon by some designing person, as I don't like to be- lieve that any senator could be guilty of deliberately manufacturing statements sc
 false in every particular.
 "5 Neither the Inter-Continental Rub mo n
 my family has ever had any pecuniary
 interest as to whether the rates on man. ufactured rubber were 30. 35 or 300 per
 cent, or whether crude rubber was or the free or on the dutiable list. "The Inter- Continental Rubber com
 pany was incorporated in 1906 with the general powers of business corporation
 There has been no change whatsoevei either during or after the session of Con gress since that time in the business ol control of the company, or In the pur | poses for which 1t was organized, these | being all established at the time of or ganization long before the tariff act o
 1903 was ever thought of
 "The company Is and has been tho owner of stock-the entire amount In ev' l cry case but one-in subordinate com | mics organized for purposes of conven | fence in the conduct of the business ol producing crude rubber in various parts | of the worold The charters of two oi | these companies were surrendered in lSo | for the purpose of simplifying the genera organization of the business and saving expenses and taxes.
 | ,'Neither the Inter-Continentai Rubber company nor any of its subordinate com | panies. and in this I include the two companies whose charters were surren dered in 19O9-have now or ever have hat any interest whatsoever. directly or indi rectly. in any business except in the pro duction of crude rubber m countries out | side of the United States and in the sal' and in the delivery of It's crude rubbe nroducts in available markets here ant
 abroad.
 No Other Interest | "No,ther the Inter- Continental Rubbe l company nor any of it's suboroinate com panies have ever had the slightest Inter l est. directly or indirectly, Tn the manu | facture of any article covered py tn change in rates In the rubber paragrapl alluded to, or otherwise, and neither tn | Inter-Continental Rubber company no any of It's subordinate companies hay
 ever had any part in any combination agreement, arrangement, or understand ing with any company or person VII reference to any manufactured proouc
 of rubber or the price of any such prod
 uct.
 "rhe Inter- Continental Rubber com Il pauy is not in any wise nor in an