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Show CONGRESS TO INVESTIGATE CRUDE RUBBER MONOPOLY Automobile users all over the country are interested in tlje fight that Secretary Hoover has inaugurated to decrease de-crease the price of rubber to American consumers. Secretary Hoover some time ago called attention to the fact that America might easily retaiiate against the rubber and coffee trust of foreign nations. The latest move is the introduction by Representative1 Till-son Till-son of Connecticut, of a resolution calling for an investigation toi de-termine de-termine the facts concerning the alleged manipulation of the rubber prices by the British Colonial Government. Mr. Tillson's resolution has the approval of the Secretary of Commerce and the former stated that when the rubber investigation got under way he would ask the committee to call in Henry Ford, Harvey Firestone and others having knowledge of what the British rubber trust is doing to American industry. The Preamble of the resolution recites that rubber products are becoming a daily necessity in the lives of the people and charges that the price of the product supplied to this country is artifically controlled and the price dictated by a monopoly. According to Mr. Tillson the United States consumes about seventy per cent of the rubber consumed in the world,- a large part of it being used for automobile times. He declared further that seventy seven-ty per cent, of the crude rubbd Production is controlled by Great Britian and that by limiting the supply and restricting the exports the price- had been fixed at a point where the American industries who use three-quarters of a billion dollars more per year than would be the case if the price were not artificially manipulated. J |