A TRUST OCTOPUS

Grey River Argus, 29 July 1925, Page 7

A TRUST OCTOPUS

NOBELS LTD. O.i that spit of sand dimes between the G a mock and the I'irth of Clyde, in Scotland, there is one of the world’s mighty octopus syndicates—Nobel industries, Ltd. This Company has an actual paid up capital of more than £15,7U0,0U0. To thi.ik of it simply or solely as a manufacturer of war material—for all its feverish preparations in this war of “peace in our time, oh lord!” to produce more T.N.T. — is to be in error. it makes explosives for every eon- ‘ eeivable purpose. It makes cartridges, detonators, ■wiring. It makes gas ma itles, leather substitutes, rubber goods. It makes all kinds of brass, aluminium and metal ware. It makes motor-car parts and aeroplane parts. it makes chemicals of this kind and t hat. 1 he range of its products as given in the F. 8.1. Lxiiort Year Hook is almost endless. ”It has,” says the Stock lixdiange Year Book “substantial holdings, directly or through its constituent Companies in the Dunlop Rubber Co., Ltd: Tyre Investment Trust, Ltd; Dunlop Company of America’ liotax Motor Accessories Co., Ltd; General Motors Corporation of America; British Dyestuffs Corporation, Ltd; British Celanese Co., Ltd; Edison Accumulators, Ltd; and others.” The General Motors Corporation of America is controlled by J. P. Morgan and Co., the Du Pout et Nemours Powder Cor],'oration, and the Nobel Indus- 1 tries. It is coming up hand over hand in competition with Henry Lord and is certain, eventually, for to outpace even his fabulous scale of output of cars. Before the War, Nobel Industries. Ltd., was a much smaller concern, dominated in this country by the Tennants, and allied with the most influential elements in Rhineland Capitalism. To-day it embraces practically every firm in the explosives industry, has its axis of power in Birmingham rather than Glasgow, and is inter-locked with the J. P. Morgan interests in New York. Comrades when speaking of it, should avoid talking of it as it was and deal with it as it now is. . . cm l of the inner circle of British Capitalist concerns. It is all mixed up in this business of . the Silk Tax business lately prominent in Britain. For some reason or other, whilst Courtaulds Ltd. is bitterly opposed to any tax at all, British Celanese Ltd. has come out to trumpet the fact that it is satisfied with the Chancellor’s modifications. The suspicious fact about this is that the National City Bank of New York—that is the “Standard Oil” Bank—is interested in vourtaulds Ltd; whilst British ( ’elanese Ltd. is related through “the big fellow” at Ardcer with J. P. Morgan and Co. American polities to-day are dingdong between J. P. Morgan and Stan ard Oil for the mastery of America.