The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1893-10-24
GIGANTIC SUGAR PROFITS.
WHY SpreckeIs is Against An
nexaffoH.

WAsHISGToy, Sept. 2S. - The
sugar trust will make from
100000 to $12,00O,OOO addi-
tional profit in the early days of
the new Democratic tariff. The
schedules are not vet made up, but
all the members Of the committee
believe that q tax of at least one
cent q pound Will be levied on
sugar and the present bounty cut
off. This Will be necessary to in
crease the revenue. 1t is proposed
to put wool, lumber, hemp flax, BIZ
luminous coal, coke, iron and cop
per ore on the free list. This viii
not only deprive all those indus
tries of protection, but it will di-
minish the revenue of the govern
ment about 81 100000 as well. a
tax Of one cent a pound on sugar
will bring in about $4,000, GOO.
The consumers will pay every
penny of this and much more. The
promoters of the new tariff propose
to give the business interests
ample time to adjust themselves to
the changes" Six months notice
is the shortest time that has been
spoken of.
A PROFIT OF 81, 100000 a MONTH.
1t is interesting to calculate what
this will mean in profits to the
enormously wealthy sugar trust.
Treasurer Searles has stated Off
cially that the trust refineries have
a capacity of 10000 barrels Of re-
fined sugar a day. For actual COLI
sumption the production sometimes
runs as low as $4,000 barrels a day.
This means that the trust can pro-
duce a surplus of $4,000 barrels a
day if pushed. With six months
notice of the operation of the new
tariff the trust will refine in 156
working days a surplus of 3,90O,O0
barrels of sugar. They will import
all their sugar free, and sell with
the tariff of one cent a pound add
ed, making a sugar plum of about
$4,000, 900 for the trust in addi-
ton to its usual profits, which are
already enormous.
The customary profit Of refining
sugar in the East is one cent a
pound. On the Pacific coast it is
two and a quarter cents a pound.
The difference is due to a private
arrangement between Claus Spreck-
els and the sugar trust. The prof
fits of this Ubiquitous arrangement
reaches $6,OOO,O00. Incidentally, it
may be added that if Hawaii were
annexed and its sugars let in free
this profit would vanish and every
consumer on the Pacific coast |
would be benefited. That is why
Claus Spreckels is against annex
alton. That is why the people are |
for it.
AMERICAN INDUSTRIES KILLED
TRUSTS HELPED.
The Democratic tariff bill will |
also cut off the bounty paid on |
raised sugar beet and |
cane. This will repress q growing
at the south and west,
and still further increase the pro-
fits Of the gigantic sugar mono
poly of New York and Brooklyn,
which is already making $13, $780,
900 year in profits out Of refine
ries and real estate worth $20,0O0,-
900, but capitalized at $S5,O0O,O00.
1t will not be wondered at, in view
of these figures, that the Messrs.
Havemeyer, the absolute masters
of the trust, were the largest con-
tributors to the Democratic cam
paign fund last fall. Their profits
in proportion to their investment
are so large that Mr.. Van Aliens
$4,000 investment in the Italian
Mission looks poor by comparison.
N. Y. Press.