The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1890-06-13
OUR AMERICAN LETTER.
The Tariff Outlook
More Favorab BILE.
SuEEcstioas ior Planters
Tho Sugar Trust Jubllnnt Over Free
Su2ar--rhe Reason why.
SuEgcstioas Tor Planters
Correspondence of the BuLLrrlN.l

SAN FRANCISCO, May 81.
Judge Ingraham of New York has
vacated the lis pendens against the
Sugar Trust property, and the in
junction against paying dividends.
This frees the Trust from all litiga-
ton except that against the North
River Sugar Refining Company
which, as test case, is before the
Court of Appeals, just as the Am
erican refinery case is before the
Supreme Court of California for final
adjudication.
The Examiner of the 9th con-
tanned the following item:
oProsED TO FREE SUGAR.
Z. G.. Jones, q prominent sugar
planter and capitalist of Honolulu,
arrived in this city on Sunday from
the East and will return to the ISL
and kingdom on the next steamer.
Mr.. Jones, who, up TO the time
of the transfer of the American Re-
tinery Company TO the sugar trust,
was one of the heaviest holders of
the stock of that company, will
spend his time while in this city in
looking over the situation Of the
local sugar market, with the view Of
seeing what can be done in the event
Of the suit against the American Re-
tinery Company being decided adj
vefsely to the trust by the State SUI
preme Court.
Mr.. Jones had but little 10 say 10 q
reporter on the sugar tariff question
now before Congress other than that
he, in common with all the Hawaiian
sugar planters, is strongly opposed
to free sugar.
Just what comfort Mr.. Jones has
been able to take, by looking over
the local situation of the sugar mar
ket, it is not possible to say, but in
view of pending Congressional legls-
lation it can hardly have been very
cheering. Indeed there is q great
deal in it well calculated to discour-
age repetition of the policy which
resulted in the American Refinery
fiasco and the absorption Of the Isl
ands tsugar interests by the Ameri-
can Sugar Trust. a reversal of
that policy would seem to be best
for all interests involved in the pro-
duction and expectation of sugar
from Hawaiian ports. The Ameri-
can Refinery remains closed, and all
signs point to the sustaining Of
Judge Wallace's decision by the
Supreme Court. AS this would be
so clearly in the line of public po-
Icy as we'll as in accordance with
well established principles of law,
any other result is not seriously an.
ticipated by lawyers.
One thing Mr.. Jones must have
discovered in his scrutiny of the
local sugar situation, and that is the
very great injury that has been
done to Hawaiian interests in gen.
eral by the hostile action of Con
gress. Hawaiian sugar stock in the
gross, as an investment, has got /;
"black eye" which will dishgure il
for quite while no matter how tn,
Tariff bill goes. If Hawaiian in
terests had been united and intelli
gently directed the result NIGH
have been different, but instead O
union persistent attempt to pull
down and weaken was made. TIT
American Refinery Company wa
organized to that end, and to max,
assurance doubly sure the promoter
of that enterprise stuck hands will
the Sugar Trust, a combination
formed for unlawful and dishones
purposes according to the charac
terization of the Court $ of New
York and San Francisco. But tn
combination did not work well. Tn
l charter OF the American Sugar Re
tinery Company has been declared
forfeited, the refinery has beel
closed, and despite stacks of falls
testimony and attempted evasion
Of law it will remain closed in al
probability until brought to til
hammer. If Mr.. Jones in his re
view of the local sugar situation vii
honestly credit so much of the at
tack upon the Hawaiian Treaty b,
Congress, through the Tariff, a
rightly belongs to the American Su
gar Refinery movement and Trus
partnership, he may be able to CIV
prudent advice as to future action
No one can possibly forecast til
future of the sugar industry on thi
Coast, or for that matter in Til
United States; but it appears TO b
only reasonable TO expect that what
ever changes may take place tn
Islands planters will keep then
selves free from further compromi;
ing alliances. Enough harm ha
been already done to Hawaiian en-
terprise and investments to suflic
for generation at least.
A strong fight is being made 70
control Of the Trust, n combinatio
having been formed against til
Havemeyer faction. This has led t.
keen competition for certificate
which are to be voted at the forth
coming annual meeting. 1t is al
nounced that the usual q percen
dividend will be declared in June
and this has had the effect of hard