Evening journal., 1893-03-23
A LEGACY OF ROBBERY.


Under law partner Miller, of Indian
apolis, the last administration was
unable to draw an Indictment that
would bring the Sugar Trust or sny
other Trust into court IL would be
base TO suspect that the Harrison admin
istration was In collusion with those
McKinleyed industries; it would be
almost as bad TO suspect that its great
legal luminary, chosen by Mr.. Harrison
himself, without any interference or aid
from anybody, w. H. II. Miller, was
incompetent
This is dilemma. Of which we have
definite private opinion, but, either
horn Of which the Republicans are free
TO choose for themselves as their taste
dictates. They had their own law
against trusts, their own courts, mar
shals, jurles and judges TO administer it
aud their own Miller to draw the indict.
ments; but not a single Trust has been
brought to the bar of justice
The Mckinley bill made many trusts,
It stimulated ALL Now. whether the
party which enacted the Mckinley bill,
the President who signed the act which
Mr.. Blaine said was an Infamous meas
ure, were in collusion with the million.
airs of the trusts and the subscribers to
the campaign fund, or simply incompe-
tent we do not know. We do know,
however, that the trusts exist, aud
flourish more than ever before. The
Sugar Trust is a sample. The New y orlx
Commercial Bulletin says
The Sugar Refining Company has just
made statement. in connection with its
declaration OF dividend Of 3 per cent.
quarterly and 10 per cent. extra, which
is worth the attention of the people. This
dividend on about $40, 900, 900 Of stock
amounts to 80, $50, 600. and in addition a
dividend of about SL750, 900, was paid in
January, and now it is officially stated
that there is further surplus of $4,000
600 on hand. Within something less
than one year the profits appear TO have
been more than $l6O00,0 600 a year, If
these statements are correct. and men OF
high character and excellent facilities
for knowing assert positively that the
sums divided have been actually earned.
The Mckinley bill was designed. so its
advocates alleged, to be beneficial TO the
American workingman" and the "Amer
can farmer" Have the wages ofthe work
ingman, or the profits of the farmer
American or otherwise, been increased
to anything commensurate with 10 pei
cent. quarterly2
But that is not the whole story. Th'
capitalization Of the Sugar Trust OF
/ which this 13 per cent. quarterly-sa,
equal 90 per cent. per year-has been de
5 clared is S75. 100000. The valuation o
the sugar re6neries having been put a
, $25 O00. 600 at liberal estimate, th
a trust represents one-third property an
!. two thirds water Thus one quarter
a profits of this Mckinley bill cormorant-
. this baueful institution protected benin
!. the policy Of the Republican party an
A existing in spite of the anti trust la
! enacted but not executed by the sam
party-bleeds the people to the extent {
= one-half Of its actual value every thrs
! months Il sells itself twice every yes
4 to the people and keeps its property.
furnishes the world with a refutation O
. be axiom that "a boy cannot eat h
! cake and keep it. too
Is not our experience with the q
plate slump. and the Sugar Trust ro
/. berry sufficient condemnation Of Il
d infamy Of the Mckinley bill, and a oo
j firmation Of Mr.. Blalne's prophecy thu
e IL would not sell another pound Of fol-
l. OF another barrel Of pork2
0 What is true Of sugar and tin Is trr
4 also Of every other item in ths MeKinls