New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-05-15

rr-RN FOR CCNIhlbC liON Or SooV'VV ~
-,,r PARTY OF REFORM IN THE
last CLEVELAND CAMPAIGN
IMMENSE PROFITS EN-
PECTED-H. o. HAVE
MEYERS DENIAL.
s.orz, IN THE Philadelphia Press and
M naners yesterday morning. which told at
w., the inside facts concerning the surrender
1", sS. n.mocratic Administration and the Demo-
It. senate to the Sugar Trust was received in
s..m stree, with little surprise by those who
"' tnown of the intimate relations existing
me- ..ar the present Administration and the
surar people. The story showed the supremacy
'S. sugar Trust over the Democrats in Wash
'"u,or and It gave in full the operations OF the
n's.r magnates and their lobbyists from the day
- ,hs Chicago Convention to the present time
- Wall Street and financial circles the story
,rhlished was believed to be true. and 1t
-. cbaracterized as forming one of the darkes;
.,aa,s that any Administration had ever been
.s,,,ed with. The story was in substance as fol-
lows:
AN ALLEGED CONTRIBUTION OF s'ooooo
=, the National campaign of 1892. the Sugar
,.,s, gave 100000 to the Democratic campaign
,.ua IN return for which the party leaders
',.aroa that whatever the Democratic policy
.,rs+ ho IN other respects. It would not be one
- would cause the Sugar Trust to regard
..o,r interests IN peril. When the Tariff bill
-. ha,rg discussed in the House. and every
..,.o u,as not going as the Sugar Trust wished.
..o,oo,dous influence was brought 10 bear upon
,,s White House. and some Of the managers of
Cleveland.
ra,arv Carlisle and Secretary Lamont. and the
assurance was given that the Administration
,rou,d remedy what the House had done.
Secretary Carlisle sent to Senator voorhees,
chairman Of the Senate Finance Committee, the
araf, Of an amendment to the sugar schedule Oh
the Wilson BILL fixing the rate on all sugars no'
above No 16 Dutch standard al % per cent ad
yalorem.
Al this time the Trusts lobbyists were at work.
end Mr. Havemeyer the president OF the Trust
wasin Washington. where Administration Demo
Gratis were constantly in conference with him
CONFERENCES AT WASHINGTON.
These conferences were held in Mr. Havemeyer's
rom at the Arlington Hotel, and also in a room
convenien. 10 that of the Finance Committee;
and finally the whole affair was settled by the
Senate abdcating and leaving TO the Sugar Trust
the privilege Of eparing a sugar schedule.
Al one Of these conferences 1t was stated that
the adoption Of proper sugar schedule would
be followed by rise of fully thirty points in
Sugar Trust shares within thirty days. 1t was
then that the Sugar Trust secured complete con-
troll over the Democratic Senators. Various Sana
tors began to speculate, and they made quick
turns" in sugar certificates. Fortunes were made
by those on the inside" and the stock was
manipulated to FIJI the pockets of the Sugar
managers and the Democratic Senators.
The Sugar people have strained every nerve
to procure the passage OF the bill as amended.
PROVIDED the sugar schedule does not go into
enect until January of next year Contracts, II
is saio, Tor vast amounts of sugar T.. other coun-
tries have been made This will be brought
here and put in bond. When II Is refined and
put upon the market. the tariff will be
added TO the price, and II Is estimated that the
Sugar Trust will make clear additional profit
Of from s52, 1000 TO $50 00O 900.
Henry o. Havemeyer. president of the Sugar
Trust. when seen yesterday in reference 10 the
exposure Of the relations between the Trust and
the Administration said that there was not a
word OF truth In IL. 1T is an infamous fabrica-
ton; downright lie" he said
The price Of Sugar certificates at the Stock
Exchange yesterday was apparently adversely
affected by the publication Of the story The
price fell from Saturdays closing Of 1851 TO l04a4
but recovered TO 1862.