Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1892-02-11
PRosPERlfY BY eouNrIEs.
Artificial stimulation to Favored Undue
tries Does Not Produce Prospsrliy.

AFttHtNNt AAAfmmlhtton tn Favored AuMuN~
tries Does Not Produce Property.
The Chicago Inter Ocean makes pc
culiar argument In favor OF the Mckinley
bill, ia an article on beet sugar pro spects
It says that Ia California one man can
raise twenty acres OF sugar beets aud
realize a net pr II OF $50 an acre, Then
1t comments as follows:
This is better than raising cheap
corn for the negroes, who work for
cheap wages on the plantations o South
ern free traders IL is even better than
80 cent wheat, part Of which Is sent to
feed the cheap labor Of free-trade Eng
/ land. One California farm of 200 acres
Is planted ia beets exclusively another
OF 2 400 acres that has been reclaimed
from the virgin soil since 1887 IL Ia beets
5000 cattle are fed from the tops Of the
beets grown, and from the residnm al
neighboring sugar factory This Is bring.
ing new form OF agricultural industry
into notice with considerable emphasis
IL may be remarked that the sugar
bounty clause Of the Infamous Mckinley
bill has had some effect in encouraging
these new enterprises.
What effect has the Justly Infamous
Mckinley bill had upon the production
OF sugar beets2 II offers no bounty upon
beets. but Il gives bounty OF 2 cents a
pound upon sugar made from them. This,
OF course, renders 1t possible for the
sugar manufacturer to pay lnore for the
beets he uses than he would otherwise be
able to do; bat, equally Of course, be
will not pay more for them than be Il
obliged to pay While the industry Ia
new and the supply OF beets compare
lively small the sugar maker may be
obliged to share thu bounty with the
grower OF the beets, for IL he does not get
au adequate supply Of beets he cannot
earn the bounty In Germany. however,
where the sugar bounty was carried TO
an extreme, it was found that IL did not
permanently keep up the price Of beeis.
The Inter Ocean goes on TO say that To
Nebraska there Is good profit In growing
heeis for the 0xnard's factory even II the
value OF the land were estimated at 81 600
an acre In another locality land has ad-
vanced 3i5 or SEQ per acre above what it
was worth Eve months ago All this the
Inter Ocean attributes to the Mckinley
bill
It requires no great sagaclty to com
prehend the proposition that the Govern
ment may make any business profitable
w paying bounty to 1t out of the earn
ings Of other people 1t may seem to the
Iuter Ocean proper thing to sneer at the
growers 81 cheap corn, cheap wheat,
and cheap cotton. too. for that matter,
because they enjoy none of the pros.
rerlty" caused by the Mckinley bill
but the producers Of those cheap
articles will hardly appreciate the taunt.
They get no bounty on their products,
but they furnish their share Of the
money to pay the beet sugar producers
$40 for every ton Of sugar they produce
Some Of these sugar factories were run.
ming before the bounty WI s offered, pre-
sumabiy at a profit. The $40 per ton
additional profit ought TO m AXE the Nc.
Kinley bill extremely agreeable to them,
indeed Ii Is to be expected that the,
( viii sing It's praises But how about the
producers Of cheap wheat, cheaj corr
I and cheap cotton, who furnish the $4l
I per ton out Of their seant earnings2 Are
7 they, too, expected to join in the anthem
What is it to them that lands in few
, favored localities are earning dividend.
Q on valuation of $1,000, when theli
0 lands cannot earn the interest on a valna
ton OF $40 or 800 an acrel Even u this
increase Of price Of land near the
q beet sugar factories should be permanent
0 it would be a gross injustice to the peo-
pie who supply the money TO create this
artificial prosperity for few.
II is well in this connection to take
glance at the operation Of sugar bounties
IN GermRny. Under this stimulani
sugar production increased rapidly. and
the taxes on production brought mil
lions into the treasury. But the bountieE
paid on exports absorbed nearly ell tbs
3 revenue In 1886 2, the year before tn,
bouEties were reduced, two-thirds OF the
sugar produced was exported; and, whils
! the domestic tax yielded thirty-ona
D millions Of dollars the bounties absorbed
0 twenty-seven millions. This was not
very favorable to the treasury
but ib was beautiful iog
J the mauufacl urers. Their dividends
ranged from 80. 10 aud 80 to l25 pei
/ cent They made this at the expense 81
the people Of Germany, for in many casei
! they sold their sugar abroad at less thar
the cost Of production, their whole prof
I coming from the bounty Germany, find
} ing that she was taxing her elf to giv'
her neighbors cheap sugar, last year re.
duced the bounties, and made arrange
ments for their gradual extinction
} With the abandonment Of oounties tn
large production OF sugar which tn
& bounties stimulated can not be main
: tanned.
3 1t is foolish TO boast OF building ri
new industries by bounties What d
we want with new industries that ar
q not prottablel An industry that Il
! profitable requires no bounty, aud TIL
! artificial stimulation thus given can onll
be maintained while the bounty is con
tinued Louisville Courier-J onrnal
Hrne~s..a =. - - !. 49,