Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-08-13
Bristow Freely
Answers AldriCh.

Milwaukee, Wis, Aug. 12.-United
States Senator Joseph L. Bristow OF
Kansas tonight in a speech here MADE
reply to the letter of Senator Nelson
w. Aldrich wherein the latter defend
ed himself against the charges of the
Kansas senator relating to the tariff
on rubber. Senator Bristow launched
into the subject by saying that Sena-
tor Aldrich declares that the Intercon-
tinental Rubber Co. is not trust. and
at the same time admits it is holding
company.
Senator Bristow then took up Mr.. Aid
rich's declaration that neither he or his
family had profited directly or indirect
~ by the tariff on manufactured rub
Der. yet" Senator Bristow said, The
admits that he is producing millions of
pounds of crude rubber per annum.
selling it to American manufacturers
and that he increased the duty on their
products when they did not need it for
protection"
Then, referring to his own speech at
Winfield, Kas., on July 9, Senator Bris-
tow said that Mr. Aldrich took excep-
ton to his remarks on the rubber duty
especially He ignores the other fea-
lures of my speech" Mr.. Bristow said.
Senator Bristows speech in part is
as follows:
"Mr. Aldrich declares that the Inter-
continental Rubber Co. is not trust,
and at the same time admits that it is
holding company which controls nu-
merous subsidiary organizations that
were organized for the purpose of han
ding the crude rubber business in va
rious parts of the world.
HE says that he nor his family has
profited directly or indirectly by the
tariff on manufactured rubber. yet he
admits that he is producing millions of
pounds. of crude rubber per annum.
selling it to American manufacturers
and that he increased the duty on theii
products when they did not ned it fol
protection and when they already had
control of the American market and
were exporting manufactured rubber.
that is, he increased the duty enabling
the manufacturers to advance the price
to the American consumers and admit
ted they advanced the price, yet says
that he nor his family has profited di-
rectly or indirectly. He admits that
dividends had not been paid before the
consolidation of the various compa
MES into one, and that after the con-
solidation enormous dividends were
paid, as stated in my speech.
In my speech at Winfield. Kas.. on
July 9, I criticized the Payne Aldrich
tariff bill. referring especially to the
duties on lead and lead products, cot
ton cloth and wooden, especially re-
ferring to duties on cotton cloths and
manufactured rubber. l declared that
the duties on the various commodities
were were fixed not in the interest of
the people. but of certain trusts. COM
bines and spectators. Mr.. Aldrich. in
signed statement. takes exception to
my remarks on the rubber duty espe-
cially. He ignores the other features
of my speech. He also made a num-
Der of sarcastic references to myself
and other Republican senators who
saw fit to vote in the interest of our
constituents rather than as Mr.. Aid
rich wanted us to. His opinion of my
self and the other senators is of little
consequence. but desire to call spe-
cial attention to some of the state
ments MIR. Aldrich made in his ex-
plantations. He says:
1T is true that an increase in the
rate. took place in Paragraph 463,
which includes certain manufactures
Of india rubber with other items and
1t is true that am stakeholder and
director in the Intercontinental Rubber
Co, but none of the other statements
referred to contain a single element Of
truth
Now what was the other statement
made?
Il stated that the Continental Rub
Ter Co. was organized under the laws
Of New Jersey Jan. 20. 1903. That the
Continental Rubber Co. of America
was organized under the laws of New
Jersey Jan. Is, 1906, and that the In
tercontinental Ruber Co. was organ
lied under the laws of New Jersey
Dec. s, 1906. Now. Mr.. Aldrich says
that the first two companies named
are subsidiary companies of the Inter.
continental Rubber Co., and that it
owned all of their stock, and that they
were organized for the sake of con-
venfence. How could they be sub
sidiary companies of the Interconti-
mental Rubber Co., and organized for
its convenience when both Of them
were organized before it was. one of
them three years before.
He says that these two older companies
surrendered their charters in 1909 for the
purpose OF saving expenses and taxes.
But the charter of the consolidated Inter-
continental Rubber Co.. filed Dec. 6, 1909,
shows that 1t absorbed these other two
organizations and that the purpose Of the
corporation, among other things, were
the collection, producing. purchase, sale,
distribution. etc, Of cacutchouc. conal
CRUDE RUBBER rubber, gutta percha. wa
terprooi impervious. fibrous or plastic
maeer1ais. or articles used in connection