Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-08-30
EDITOR

.ressive tax on tobacco was flatly turned dow
The Nebraskan has been centering his attack q
he American Tobacco Company and has d
Jared over and over again that its dissolutio
~ order of the supreme court was glarin
arce In order to check what he insists is
swollen and evil trust, he proposed the gradua
d tax and his break from the Democratic ranl
lates from the day when his plan was coolly r
ected
The Congressional Record of August II Sc
orth plainly why Hitchcock is leaving the Den
,cratic majority. Here are some excerpts frol
lis speech of that day:
shall not take time today to elaborate what
propose to show later in the session when urge
my amendment for graduated, progressive tax on
the manufacture of tobacco at which time propose
to discuss the matter that had before the Demo-
cratic caucus.
propose to discuss also the action Of the Demo-
cratic in putting restraint upon its members
against voting according to their convictions upon
my amendment upon the floor of the senate.
only desire now to call the attention of the
ate to the extent to which his widely diversified in
dustry of tobaccogrowing is restrained and monopo
liked by few great manufacturing concerns For
instance, four of the concerns into which the courts
divided the great Tobacco Trust, now owned by the
same stockholders dominated by the intellect,
operating in close CONGRATULATIONS four concerns
shown by the figures recently furnished the SEN
ate by the secretary of the treasury last manu-
featured n 3-5 per cent of all the tobacco in the
United States monopoly greater even than 1t was
at the time the decree of the supreme court purpor
ed to dissolve the trust.
The New York Times from which have clip
ping upon my desk, shows that at the time of the.
dissolution ordered by the court Mr.. Brady held 49,
s44 shares of the common stock of the American To-
bacco Co. Those shares were worth $500 each.
Under the decree Of dissolution he was permitted
to take shares in some fourteen subsidiary compa-
MES now CONTROLLED by the Lorilards or by Eggett
& Myers or by the American Tobacco Co. The shares
which he received in place of the shares Of the Amer
lean Tobacco Co, then worth $400 each, are now
worth 500 each, IN increase Of $1OO0O00O In the
market value of hi holdings since the dissolution OF
the so-caled trust This Gpes not represent all OF
his profit since the trust was dissolved into feur
closely allied concerns
recite these fa cts at this time as preamble 10
what shall say on future occasion IN the senate
before debate on this bill is concluded If the Amer
lean people are in earnest in outlawing trustsand
believe they are and If the senate is In earnest
and it ought to be in earnestno rule OF a caucus
should restrain senators from voting for measure
which will put stop to this defiance OF judicial
decree Ny amendment, levying progressive tax
on the products of the Tobacco Trusts will restore
a condition of competition once more % the .ooacco
manufacturers who use the tobacco which the SEN
ator from North Carolina says is raised in SO many
different states.
II IS not to be questioned that the Democrat
ANGUS system has furnished an almost perfes
machine for party control of Congress Yer
kelly the insurgents of the future will rise u
nd fight this system as they fought Cannonisn
IA