Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1894-07-23

WASHINGTON, July 2e.-The follow
Ing letter from the Chairman Of the
House Sub-comuittee on Trusts TO the
President OF the American Sugar Rein
ing Company, was mailed tonight;
II. o. HoUcmeyer, Esq, President Of the
American Sugar Refining Company
NclU York:
DEAR SIR-If you will supply me, as
Chairman Of the Subcommittee on
Trusts OF the Committee on Manufac-
lures, the Information asked for herein,
] will see that 10 is laid before the
House. A free trader myself and 0eliev-
ing that no TAX should be levied upon
sugar Cor aOything elSe) except for
revenue, nevertheless, as practically
every article OF general consumption IS
70 retain protection, j feel no prejudice
against the sugar interest a. such, and
/ think large number of the members
OF the House entertain the same view.
AS. hover, the sugar trust demands
protection, or, more properly speaking,
the taxation OF the public for its profit,
Il should put before COngresssand the
public It's real condition, so that an in
telligent opinion OF the merits OF its de-
maud may be formed. II, upon an ac-
tual aud necessary investment
OF cash capital, 10 can
not save itself from losses
without ourdenlng the taxpayers, then
IL mas as much Justification (and nOrs)
for being fed from the public resources
by taxation as many industries which
we, 10 passing the Wilson Dill allowed
70 remain upon the charity list. T.
however, its profits have been excessive,
when dgured upon an actual cash and
unws,ered capital stock, then you, as
fair minded man, will agree with me
that YOU should not have any legislative
fayors. ID such an event q tax OF one
cent per pbuld upon 100 degree sugar
for reveD only would be fair and
eQuite' Wbe. permitting reduction OF
one lndredth Of a cent for each
degreS. sweetness lacking. Such a
tas as this, while taking nothing to the
A S5ssrsS0e-FeslT- com pa ey, would polr
great mauS millions into the govern
ment Golfers. The Information asked
for is comA AEetended under four heads.
First-VNat is the present tax value
ii. e.. cost 5i replacing)of the plants
actually in operation and necessary TO
produce rquantity OF refined sugar
turned out by your company.
Second-What have been the actual
profits OF the American Sugar Refining
Company for each full fiscal year since
It's organization, and what are its
profits so far in the current year
Third-What annual salary is paid to
each OF its general managers?
Fourth-What is the actual paid-in
he r,| -
ed In at their real cash market value,
and what IS the present surplus fund Of
the company including all Individual
profits?
The Mckinley bin gives the sugar
refners an opportunity Of collecting
from the consumer a tax OF ons-half
cent per pound on all sugars all sugars
above No. is, Dutch Standard, and the
consumption OF all classes Of sugar
during the past three fiscal years az
gregated To, $50 SOC, 446 pounds, fully
nine billions OF which were above
this limit. 10 follows there
fore. that the sugar trust and
the independent refnerS 10 the United
States must have received over so, OOO,-
600 of the peoples money, while the
government got during the three years
only S470, 0,751. As your company asks
continued favors, the prOpriety OF sup
pIving the country with the Information
asked herein will not be questioned by
so reasonable a nan Of business ss your
self.
You are a Democrat ana will, trust,
ioin me TO the hope that within a few
wears the present wretched system oi
taxing the people lunder the mS.ead-
ing name OF protectiOnl for the benedt
NJ orlyate interests, will be done away
with entirely and forever.
Yours truly,
MICHAEL B. HARTER.