South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1889-07-26

ut>u antteu. NtrcU excuses were
Alleged for this prsmp, d,niau ion 20
production, bat It Ia hari To explsin
Why The only shutting do~n in the
country vas among tho trust retiacr.
les Another immediate result Of
shs combination OF late rivals 20
'.Ihiotsia the standard of refined SUI
gar vab an increase In It's COS, to ,hs
consumer. When tho trust " as form,
ell The difference bstwsen the nr;c.
or far refining raw scgar aud refiasd
granutstot sugar was 9.i6 cent. per
pound. differences which an exami.
nstion OF corresponding prices in
London allowing all that was clsimed
Tor Increased cost OF projuc lon in
AmericS would adntd lair profit
TO tho reGaor. la two mouths time
the difference hal become 2i-ls
cents per rouni. for which there can
DO no explanation except tho powe-
OF the trust TO Increase the cost OF 10
product to the consumer. especially
hen The government stands guard
TO Keep away eli outside relief that
cannot leap ovsr a high pr ltecting
wan. Let Us see what an addition o.
bali cant a pound meant. We coo.
sumo annually about thrs> thousand
IN 'itson pounds of sagss. OF this.
quantity thu reincries in tie trust
produce nearly. IL not quite, two
th'rda, tae other third being pre- ,uce.i
ny outside rrfiucries, the sugar hous
90 OF Loui siana and y few unimpor-
tant molasses houses. IA increase
OF halt cen: a pound on Two birds Of
our consumption. TO Wit, on two thou.
sand million pounds, wcnld give an
added profit of ten million dollars,
which is twenty per cent on the cerA
s'hca.c capital of the sugar tru-t.
Irs ENORMOUS PRoFIrs.
The quotations Ia New York for
June 20 OF the present yeae show a
difference betwe the two grades of
sugar | have selected. which are
standard grades for comparison, of
"a cents per pound. which is even
greater than the amount above sta-
tel. and shows the steady malnte-
nance Of the power of the trust. Ia.
deed its pecuniary success has been
not less brilliant than that of the o.
risinsl trust. 1t was capitalized at
s5Q.O00,000. As tho quota aliottei
to the North River R.linery, whloh
subsequently, sold In open IN srkc, for
1926. 600, was 100000 in certificates
and it's IN srs wer ditsa isfied with
their share rs compared with others,
1T 10 safe TO say that this capitalisa-
ton wss nearly IL not twice the actus
al value of the properties put iato the
trust. The certificates began az SO;
and reached at ooe time SIG, al
though later reaction brought them
some points lover in Anticipation OF
an adverse decision affecting the
trust, of which l ehail Lcreaf err
speak.
After payment Of dividends isae
year it hal, according TO tie circular
OF Mcssrs. Willett & Hsm,in, quoted
In Bradstreet Of June 20. asurplus OF
100000 in is treasury. TIE
SINE authority gives its earnings be-
tween January /, 1889, ard June IS
as $I3,000.000 more. Thus It's eur.
plus from last year, With its net cash
profit for less than siy months of the
present year, amour, to $4,000. 900,
probably ihe full value Of the piants
put into the trust, and nearly CITY
per cent. of its watered capital. No
wonder the other industries of tho
country are rosbing peIl NEIL for this
new invention, which ia single year
showers upon those who can saillfully
and effectively use it riches not only
greater than tho ordinary PROFITS Of
legitimate industry, but even beyond
the wild dreams of speculative ad9en-
ture. Bot who can effsctually use It,
and more important still, who pays
the piper? WM. l.. Y rLsoN.