Show THE COHDAG TRUST THE HERALDS dispatches yesterday showed that the profits of the National Cordage company for the year ending November No-vember 1 were upwards of 1400000 For the following quarter the financial director said the profits would bo sufficient to pay the entire annual dividend of 400000 on the preferred stock pay a quarterly dividend divi-dend on the common stock of 250OOJ and have large surplus This is one of tho most powerful of all the grasping monopolies in the land It has bulldozed or bought off all opposition in every part of the country and now has the field absolutely to itself Not only is it in possession of all the machinery in the United States used in making binding twine and other kinds of cordage but all the manufacturers of this kind of machinery machin-ery are under contract not to furnish any to other customers than the trust Minnesota produces in immense quantities a kind of grass very suited for making binder twine and the prison commissioners of that state were lately in New York to purchase machinery ma-chinery for use in the Stillwater penitentiary peniten-tiary in that industry but could make no satisfactory arrangements owing to the fact stated The trust has purchased all the now patents for machinery useful in the business and thus competition is frustrated frus-trated But there is one way to finish this cordage cord-age octopus and that is by withdrawing the subsidy it receives in the way ol protective pro-tective taxation The reduction on binding twine by the last Congress was a measure of partial relief only Every cent of duty beyond a slight revenue imposition should be removed as soon as a law can be passed for that purpose co include every kind orl cordage A powerful lobby will be on hand to resist such a reform when started but this tyrannical trust should be required to stand entirely on Its own bottom |