The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1894-03-30

v0e pOOU SOOAU t0OSt
PlsAss Give u . Mals-Cent Daty-baa't |
Let 10 ssarve
As has been already shown. the diff
ference between the prices OF raw and
refined sugars during 1898 was !. l54
cents per pound From this must be
deducted the cost Of refining. On this
poirt liberal allowance has been
made. IL was an old and long stand
ing claim that il cost five-eights OF
cent To refine each pound OF sugar.
This may have been the case twenty or
thirty years ago, but IL is an old and
exploded fallacy. The actual cost OF
refining sugar. which includes all and
every expense that manufactures es-
timates-eyen to the loss by dirt-is
nearer To one-quarter OF cent per
pound than anything else. But IL Is
! intended To deal literally with the SUI
gar reiiners far more literally than
they have dealt with the people. So q
pr ice OF three Fights of a cent has been
| taken 10 represent the cost of refining.
and this is more than the actual cost
Dcducting this cost. then. $40 of
cent for refining. from the difference
between the average net prices OF raw
and refined sugar during 1906 i-iai
cents. and the total average profit OF
80 Of cent per pound is arrived at
Applying this profit To the 4.25s. $50. $40
pounds Of sugar which the American
people consumed in 1895 and il is seen
that the total profit of the sugar re-
fining business from this source alone
aggregates the neat little sum OF $33.
OILS. 900 10
Certainly the poor starving sugar re-
finers need protection They must not
be allowed to 20 hungry
But the sugar kings are not content
with such a modest profit as So, obs.
$50 10 in single year. They can
squeeze more out of the people. and
they do it. There is a grand field FOL
footing on the Pacific coast II is
, long distance from Washington and
what is done there is likely to pass un'
. noticed Those estimablc authorities
Messrs Wille,t and Gray. friends o
the sugar trust. give the total home
, consumption of sugar at San Francisco
for 1898 as l2s. l.9 tons of 2.a40 pounds
each. or a total OF 2s7. l2o. 600 pounds
, This is the sugar imported from TIT
Hawaiian Islands and the trust buys i
cheap The trust is the only buyer o
raw sugar on the Pacific coast AM
. names its own price. The unfortunat
: Hawaiian planters have to submit :
, the extortion. They deliver their suga
!. in San Francisco. but get less than tn
New York market price for it-ons
quarter of a cent per pound less Thl
is an extra profit to the retiners. and
quarter of a cen. applied to the 2s'
;. l.0.96o pounds ef Hawaiian sugar III
: ported in 1898 adds s.17, s02. 40 to tn
!. Golfers of the sugar trust
Buyinr the raw sugar cheaper fc
u the Pacific coast markets than for tn
- eastern markets. il would naturally
8 supposed that the price Of refined 81
u rar was cheaper to the consumer OF
y west. But the trust does not do bus
r ness that way Its refined sugar sci
.. for more money in California than
- New York There was last year a al
" ference Of more than one and ANA
10 cents per pound in the two prices
a. openly quoted on net cash pasi
- That i To say. the sugar trust buys
70 raw sugar for San Francisco one-qua
n tor cent below the New York prize
ne without reckoning the freight questis
d. from Cuba. but sells its refined sug
ne all the way from one to two cents aoo
as the New York price. Taking I
en- smaller amount Of one cent diiferen
IL and applying il to 2>s.la),o5o pounds
t. sugar consumed on the Pacific Goa
In and there is still another profit OF =
ed 81. sco 90 to be added to the sug
! trusts Golfers OF a truth there
u money in sugar. hut the poor refine
rs must be protected.
nd Thus an idea of the profits OF the
W. gar re {. neries of the United states
re. ;-ained as follows
as fetal United states consumption
AZ, Of s..EsN.6i0 pounds al s'g
Wv cent profit ...-.-.+.-- ..ssho'''V'
~ awaiian crop Of :-7.i.J,soJ pounds
'eu al san Francisco. at ceat
leu rebate. ..-.-- .-..-.-..-.. ''''o'
a Pacific coast consumption OF go
hi. 1899 pounds, at | cent extra
lad --
- ~,s,a-.s nraa.s s36 60s. 10
,ile From the miscellaneous tables
IA foreign commerce. finance, etc. OF
lit United States. for the same years u
ere the sugar business has been under
md view. the figures Of the interest on
,bs national debt are procured as follow
80, Var 7ofal inseres' Per cal
~" 1891 .aE. Ia 81