The evening world. [volume] (New York, N.Y.) 1887-1931, 1913-06-07
RICH SENATORS
TELL HOW THEY
GOT WEALTHY
Continued from First Pass.)

sehTo au oUU tUcT0 aT0 no UOTuS OF IN
6ebtedness on II. Yes. and there are
mills and vssssls and steamboats, and
20 on. think We own something over
10000 acres Of land. I mean companies
OF which ! an president, and IN some
cases an the majority owner. an .
director In three paper making con-
Germs. I think have $4,000 In the
paper business. suppose have si& or
eight farms. Ny Kenosha farm 10 said
70 be the best In Wisconsin.-soo acres
oil under drained. I have Iron mines In
the Upper Peninsula Of Michigan. Out
Of the Stephenson mine last year We got
Cl2.ooo royalty. ! don't know what 10
the acreage We own In iron lands. To
Gusss II II ! would say 10000 that V
thrs-Ssnsd with ore"
Senator Lippitt Of Rhode Island y
another uillionaire. He 10 the cham.
pion Of protective duties on cotton man
ufaeturss. Senator Lippitt owns huge
cotton mills. This 10 his own story Of
them:
LlPpirT MiLLioNs IN COTTON
MILLS; FGARS TARIFF.
y am now ana all my life have been
interested h the manufacture Of cotton
goods Of various kinds. The Manvills
company Of Providence manufactures q
very wide range OF cotton cloths. Its
capital stock 10 o41o.ooo. I own about
Q quarter Of Il. Other members Of my
tamily-my brothers and sisters-havs
some OF II. think probably the family
ewAs between ons.half and two-thirds.
u have been general manager for
twenty-five or thirty ysara I only exsr.
else the duties. however. In . nominal
capacity. Two years Ago ! thought the
preferred stock was worth about Pal
and he common stock VAS worth about
~. To-day I should not call the com.
non stock worth more than %. on 20.
count Of the tariR agitation. do thinh
the Tariff bill will injurtously AFFECT
this business. think II would very
materially affect the amount Of cotton
Goods manufactured In this country
anywhere from nfty TO two hundred
millions"
Jsnssor Root Of New York saw thu
toliowtnG list Of his interests In tarih
affected satsrprisss:
National Lead Company. 80 shares.
smsltsrs' Securities Company. TO
shares.
rsxas ana Pacific Coal Company
~ shares
A upstate farm Of 10 acres.
Senator Root did not proffer. nor VA
he asked, what other interests he HAD II
enterprises not affected by the tarin.
Senator Henry Cabot Lodge Of ksssa
shussets likewise confined himself u
tarieI interests and gave the following;
LODGE TELLS OF HOLDINGS u
CORPORATIONS.
u en- Q stockholdsr In four companis
which ! assume produce articles men
toned In the bill ! have never hear
| from any Of the companies In regard 9
II, 20 that cannot suppose that thel
interest b serious. One 10 the Genera
Electric Company. one 10 the Nations
| Carbon Company. one 10 the America
Agricultural Chemical Company an
one 10 the United states Smelling an
Roaming Company"
Senator Lodge was not asked the 81
tent OF his holdings.
senator Mclean Of Connecticut 10 al
| OkuOI oO0G ~ SesfSsess
which be listed - follows:
% shares Of General Electric,
owned personally; also Joint estate
interest In 100 shares Of u. 8. Steel
preferred.
100 shares National Biscuit
- shares General Electric.
- shares American Trading Com
paay.
senator Johnson OF Maine and Senate
Woess OF Massachusetts reported sms
stock holdings In cotton mills. This vi
more side issued with Senator Week
who 10 . Boston banker Of large mean
Other Eastern Senators have lar
corporation Interests. Senator Dupo
J Of Delaware. for example. testified tn
] he had disposed Of all his Dupont POI
der Interests because he thought
should not keep them while IN the Be
ate. but the works are controlled pri
cipally by his relatives. He stu h
left, however. the following:
400 shares Psnnsylvsnla stssa Com
psny.
1000 shares Cambria stss Company
LOO shares National Biscuit Com
pAAy.
tn par value Of these holidays NO,
Do o1oo.oee
4- .sh~, rS>,s~s>sa n>naear. nar