The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1888-02-10

THE SUGAR TRUST.

The New York "Herald." of January
18th, has the following interesting arti-
Gle relating TO the Sugar Trust:
''The latest and one of the very biggest
trusts in the country is the Sugar Trust.
1t is mOnopolistic combination which
comes home to every mans pocket book,
for it affects the cost of one of the neces-
saries oil life, and although the trust is a
very young baby and has hardly got
upon its feet yet, the strength of its
grasp is already apparent in the advance
of a cent pound on the price of all
grades of refined sugar.
This is what the new trust has al
ready done. 1t may not be much, to be
sure, but the danger of such combina-
ton is that it will be able to put the
price to as high figure as it pleases.
The manufacture of sugar, as every
body knows, is in very few hands. 1t
costs millions to equip a modern sugar
refinery, and a score of very rich corpor-
atoms not only turn out all the enormous
quantities used by our sixty millions OF
people, but export tons of it abroad every
year.
The fact that so few men control the
sugar refining industry of the United
States has enabled them to keep the
always vigilant and incorruptible news
paper reporter from learning all about
the details of the recently organized
DIT 81
meet in an obscure little back office in
Wall street and organize what may be
the biggest pool in the country, they
haven't been able, in spite of every eff
fort, to prevent the public, thanks to the
press, from learning all the essential
facts.
The Sugar Trust was organized for the
avowed purpose of decreasing the price
of refined sugars to the highest figures,
thus making double profit by the COM
plete control of the amount manufac-
tured. There hasn't been much money
in the business for a good while past,
and the refners have good deal of lost
time to make up.
The President of the trust is Henry o.
Havemeyer, of Havemeyc n & Elder, the
great sugar makers, whose refneries in
Williamsburg are said to be the largest
in the world. They can turn out, if
needed, over four thousand barrels of
sugar day. The secretary and treas
urer of the trust is John E. Searles, of
the Havemeyer Sugar Refining Com
pany, another great company.
The Sugar Trust was formed by the |
consolidation of the following big refn-
cries: The Havemeyers & Elder, the F.
o. Mathiessen & Wiechers Sugar Rein
ing Company, the Brooklyn Sugar Re-
fnery, the Havemeyer Sugar Refining |
Company, the Mollers, Sierck & Co., and |
the Dick & Meyer, all of New York; the
Boston Sugar Refining Company, the
Bay State Sugar Company and the Con-
tinental Sugar Refinery and the Stand
ard Sugar Refinery, all of Boston; the
Portland Sugar Refining Company, of
Portland, and two or three smaller re-
6neries in New Orleans.
This INCLUDE all the important refiner-
les IN the country, except two in Phila-
delphia-Harrison, Frazer & Co. and E.
Q. knight & Co.; the Revere Refinery,
IN Boston, and the American Sugar Re-
hnery and Claus Spreckels' Refinery,
both of San Francisco.
These few rehneries have not vet sold
out to the trust. Two OF them are in ne
gotistion with the trust for transfer.
however, and what the railroads call
working arrangement will doubtless be
made with the others. The concerns
which have already gone into the trust
manufacture nine-tenths OF all the sugar
made in this country.
The redneries have sold out absolutely
and accepted stock in the trust, which is
controlled entirely by a committee of
eleven rehners, the heads of the eleven
oig concerns mentioned above as the or
ganizers OF the scheme. Their will is