The Richfield recorder. (Richfield, Idaho) 1909-1931, 1916-03-03
BINDER TWINE SIT
UATION FOR 1916
Prices Will Be Very High For the
Coming Harvest


ing committee under his control
sought financial assistance in the
United States with the result thar
certain American capitalists and
bankers were induced to join hands
with Yucatan in this scheme for huge
profits at the expense of the farmers
of the United States and Canada.
This group of bankers and capitalists
who are backing Alvarado and his
regulating committee in their mono
polistic enterprise is known as the
Pan-American Commission Corpora.
ton.
This corporation has a capital of
$1,000,00 and it has undertaken to
advance to the regulating committee
any sum of money up to $10,000000,
these loans to be amply secured by
fibre stored in warehouses in New
Orleans or other American ports.
The corporation in addition to receiv-
ing per cent. interest on the money
loaned, is to receive upon every
pound of sisal sold to American manu-
facturers a bonus or commission of
per cent The total American con-
sumption of sisal is about 300,000,000
pounds, so that this bonus or commits
sion is likely to reach the snug sum of
more than $1,000, ,000-a 100 per cent
dividend on the capital of the Pan
American Commission Corporation.
In the meantime, the regulating
committee, in order to be on the
scene and better carry out the scheme,
is occupying suite of offices in the
Eqitable building. New York City, at
an annual rental of $4,000. If this
seems a bit extravagant, 1t makes
little difference to the regulating com
mittee because after all the farmer
Rendon, of the regulating committee
publicly stated, while the present
price of sisal In New York is 7B
cents a pound, if we wanted to do so
we could raise it to 10 cents
There has been a careful attempt
to deceive the American public as to
the true purpose and effect Of these
operations in sisal. Dr.. Rendon has
issued many statements to the press
which have sought to create the i'm
preston that the activities of the reg
ulating committee we're Of philan-
thropic nature and that American
twine manufacturers were somehow
responsible for the increased cost of
binder twine.
These charges are absurd and DR..
Rendons purpose of binding the
American public is now fully under
stood That the farmers will have
to pay during 1916 higher price for
the various grades of binder twine
made from sisal than they have been
accustomed to pay is certain, but this
increase in price Is not due to the
manufacturers of binder twine. 1t is
not due to a shortage in the supply of
sisal, the 1915 production being the
largest on record, but it is due wholly
to the fact that the Yucatan Regulat
ing Committee under governmental
supervision and with the assistance
of capitalists in the United States has
established complete monopoly in
sisal
1t is important that the farmers
and implement dealers ia the United
States and Canada should know the
whole truth regarding this matter,
although it is not clear at this time
what can be done to change the sit
uation. Many American dealers and
farmers have written to their con-
gressmen asking for relief. Dealers
associations have passed resolutions
demanding that the operations of the
committee and the Pan
American Commission Corporation
should be investigated by the depart,
ment of justice. A resolution has
been introduced in the Senate by
Senator McCumber, of North Dakota,
asking for the appointment Of a
special committee to Investigate. The
purpose of all these efforts is to put
an end to this monopoly and to give
the consumers OF binder twine the
benefits which they have enjoyed in
the past by reason of the fact that the
different American manufacturers
were able to go to Yucatan and there
from different dealers in fibre pur-
chase their requirements in an open
competitive market.