The Forrest City times., 1894-07-06

or any party or it's principles but it did contribute to promote the interests oS the trust That was the politics of business"
 It was after the publication of this precious testimony of the boss of the trust that the Mckinley organs re- peated the stale falsehood that the pending tariff bill favored ''the octopas sugar trust because its members are democrats who donate freely to the campaign funds of that party" The organs assume that their. readers read their editorials but do not read their news dispatches from Washington.
 After II. o. Havemeyer, Mir. Searles, another conspicuous member of the trust, appeared as witness before the committee, and in the course of his ex- animation the following colloquy shed light on an important point:
 Senator Allen-You may state brief,v wha, uiHerence In your judgment, there is between the Mckinley act and the pending act as the senate proposes to amend 1t. or has amended H. to the American Sugar Refining company: which Is the better act for you?
 MT. Searlcs-The Mckinley bill by far
 Senator Allon-How muchs
 MT. Searles-I think one-half. That is what think. The protection in the margin to the re- nner In the proposed schedule is not over one- half of what 1t is in the Mckinley bill
 How did it come to pass that the Me- klnley tariff was made better ''by far" for the sugar trust than the senate schedule is? Was it because the mem- bers of the trust are republicans .'who donate freely to the campaign funds of that party?" In illustrating the manner in which the trust practiced the pol itics of business, II. o. Havemeyer mentioned Massachusetts as a repub- lican state. Neither he nor his brother Theodore, who testified later, would give particulars, but it is an unavoida- ble inference from their general state ments that the trust contributed to re- publican campaign funds in states where the investment would be busi- nesslike, such as Ohio and Illinois And from the testimony of Mr. Searles it is to be inferred that the Mckinley congress was paying political debt when it made a sugar schedule ''by far" more favorable to the trust than the senate schedule is.
 There was nice little speculation In the Mckinley sugar tariff. The bill at first gave the trust protection to the extent of 5 per cent. April Is, 1890, this was changed to 40 cents per hundred pounds. The next day there was lively trading in the trust certif- cates, and the price continued to ad- vance for five weeks, or until the bill passed the house, with a protection of 50 and a possible so cents per hundred pounds. The stock exchange reports show that the total advance was 81 points, or S15, 800, 0O00 on the $50, 900, 900 of certificates then existing.
 These facts would seem to indicate that the republican statesmen owed a considerable political debt to the trust, or that they were extremely liberal in making payment from the pockets of consumers. The same facts suggest the possibility of successful specula- tion by representatives and senators speculation upon the certainty of their own action. with the aid ofcertain per sons who know how to make themselves useful by carrying" stocks for other people.
 And the moral of the whole story is that tariff protection is thoroughly corrupt and rotten business. Chicago Herald