New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-02-25
STIRRING UP SUGAR MEN.
TIE SPRECKLEs STORY DIsCREDITED.


WILL THE oALiroRNI. MILLIONAIRE BUILD RE-
FINERY HERE f-APPROvING THE TRIBUNE's
POLICY.
An interesting statement autographed from San
Francisco and published yesterday, declares that the
Sugar Trust Of New-York will meet foemar
worthy of its steel. A syndicate Is being formed,
II Is said with Claus Spreckes at Its head-capita
900, of which the great California sugar man
ufacturer himself Is to put up $4,000 0o0-whoso
avowed object is to break the NewYork Trust. 10
accomplish this purpose reneres arc to be bought and
erected and prices ruthlcssly cut. An immense re-
ncry Is to be built here and Mr. sprecles and his son
viii start East Monday to prepare matters for the
beginning of this great contest. Frazor, Harrison
d Co., and J. c. knight Co., OF Philadelphia, tho
Boston Refinery and seven other refncres outside
the Trust represented having Joined hands with
Mr. Sprcckles.
The report created no little comment in lower Wall
Street yesterday and tho principal topic OF interest
discussed. Few members of the Trust were 10 be
for tho that many Of them found that
their health required immediate change Of air when
the Senate Committee began Its work Of inquiry
few days ago. Those who have remained I'm town
Inclined t.. regard the California statement as
unfoundcd At the Office Of Havcmeyers Elder,
No. III Waltst The project was viewed 10 the light
of a canard What its object was tho cautious repre-
sentative OF the head of tho sugar Refnors' Com
pany- would presume to Intimate, but he thought
II a scheme worthy OF a descendant OF Baron Nun
chsusen. Both Mr.. Noller and Mr.. Sietck OF the
sugar firm of Moler, Serck q Co., No. 30 Waist,
we're confident that it would amount to nothing Mr..
spcck les, they thought, was too shrewd man 10
risk his money In uncertain an enterprise Simiiar
opinions pressed tho Offices OF DICK Meyer,
No. no WalLst., De Castro ~ Bonner, No. III all
st., and the Brooklyn Sugar Refining Co., No 30
Walst.
prominent dealers I'm sugar on the outside OF the
Trust however, did not coincide with these views.
aiiace Z. Wiuett, of iilett. Hamen a 20. NO TO-
anst., that while no did not believe that any
such syndicate aescrDed in tho san Fran
dispatch had been or would 10 formed, he never
honss thought 1t bruDaDie that Mr. sprechies INTENDED
~ Duud a +,lvat sugar rcHncry IN tho Ea'i'
Incro Is Ccr.si.I.J q Oi SOiiieI4ilis Vi inc
KIND On Iho s.aDO,-rd,' sad Air. "hiet" but nc
nuI como in my opnlon Lne pa pose Oh hiaAhe
Io"oy Ia y. eI-ICnoo ~ hehsi'Ae .Ao Ius.. AZ CO.
hlo pas "Vu-u Uo aided ~ tho oA'stehoo VI .ua
cunD,lit On. o"Jv,t To advance the price o..
vrnr,u sugar to Aeop -o"h that o. Inc raw.
oprccKies herc ahi, under cO'cf vi INC trs'
vpuralon. sal art a rcuncry and iurn our reiinod
su.a, wnI.h b. an seal at hSiaes Ju9I oho"bh i"ot
than the p,e al ING prices to Keep MS es'aonSh"'o"
running tnc year round at It's Iuil capacity
but T. Is great mistake to sdppoSe mat o, mr. =
bprediles eau iun h.s lohhor1 on s"eaS ~ n,.t
.u,y Leo from the sand lch Islands IN the nfst
D acc the cost Of TRANSPORT auOn wOuio Dc .ouifu d
i,tus obstacle Bus anolher and stronger Lod,on
here is that IA. >prucktss ~ ,pnger "nroo me
sandwich Island su,ar5 seven eghths OF the pro
due has been NftScu llOih nm " lhN
sugar Refining CO.. OF san Francisco. inc iaWalian
nanrcr, or a majority Of them, arc Stockhoders now
I'm this refinery and sending thor sugars uu'y r"
TO San Francisco be refined at their own catapish
ments Mr. Spreck es gets less than lo,OOo TONS Vi
the SUGAR crop of the Sandwich Islands" -
Mr. Willctt said that he was greatly pieaseu WIN w.
tbr attitude OF rnt 1RIBUNE's farmers letters on me
Tariff question: recently Published, and that ne con-
mttecs plan Involving the repeal OF the nles on ran
sugar with o bounty to sugar growers had hlet "l,h
Mnmakabc approval among snSsr men surs 81 me he
said tho consumption in the United states "o"iu nv
doubt rise from ffythrce pounds per year lOr cav
inb9btant the present ratio. to seNeny-Ohe pouns
rs Is the case In the United Kingdom ms "ouu w
an Increase Of th rty four cent over me presch
annual consumption OF 1.393OOO tons MAKING IT, say
600 600 tons our domestic product on OF less thdn
1873 600 tons OF sugar sinks into insignihcahco op
This showing vet HE duty on sugar. II nIIh Ic'd nru
would lie for the exclusive benefit OF this small pfOdc
tion Ga tho question becomes simplit'd to how me
r.,,lucrfs e ia domestic sngar-lcss IMAM loS - oUo
tons-shall be protect ed. | am In favor OF lhh ~
TrNE's pIan Of bounty these producers Know tia
hnuntlcs are objectionable. but desperate cases
dcs nerate remedies and this Il one OF them Inc tne
X rite for a successful movement for Hee aW sutl
with bounty to the domestic producer, ana AN Hau
10 soc rHn TRIBUNE cadn the way" - a., f
David VI. Turnure, OF tho well Khown suS 1 ,ht ho
was not inclined tn credit tn" SpIeckeS SlorS ,id NJ
Is better way Of fighting the sugar trust sdu Mi,
and TE gs We're sf aen OF sSsar and
Il we're ularrd absolutely upon the free st the T1st
vcoud rcoulre no further Investigating Tor MS pow.
,r0uid lac brolxen let Try THE TRIBUNE plan ana
take the duty off sugar ana mus get rld Oh sno Vi III"
surulns and of the Trust at the same tlinc'
The failure Of the Scnqte COMMITTEE 10 can any S"Ea,
men cyccpt those interested In the Trust has rreah
much comment. "n the comm toe is Ieay IN
earnest said a prominent dealer IN sugar; YESTERDAY
:. wLv does II not seek the testimony of men well
| 4Na trade