Sierra County advocate. [volume] (Kingston, N.M.) 1884-1960, 1894-07-13
MILLIONS IN SUGAR.

Ino sugar trust investigate
has turned the public eye in Il
direction Of trusts and the me
: who have made them, and thel
has been much comparing and col
tracing of their growth and the
methods. There are many inte
esting parallels and equally iata
esting differences between the tw
greatest trusts, the America
Sugar Refining compsny and th
Standard Oil company.
i The general plan of each {
these powerful combinations q
capital greatly resembles the othel
10 each case the lawyer who form
ulated the scheme was handsomel,
rewarded, both as to the immedi
ate dollar and subsequent ricl
counsel fees. In each case tn
lawyer was directed to formulate
plan for an unincorporated organi
cation in order to avoid the anti
trust laws. Ia each case tht
carefully gotten up scheme was in
time declared illegal by the courts
the Standard Oil in Ohio and the
Sugar trust in New York. 1t is
held by the magnates of the Stan-
dard Oil company that without
such an organization as theirs the
petroleum industry would 60 to
the dogs. The Sugar trust people
feel equally certain that they are
the salt Of the sugar business, 80
to speak. A very large number Of
persons outside the charmed cir
Gle OF stockholders TO whom fat
dividends are paid believe that
truats generally, and these two in
particular, work great injustice and
hardship to the masses.
The orojectors OF the Standard
on sompsny biazed out new
path, and Lawyer Dodd, who was
employed by them to put their
plan into legal shape, was an OBJ
scure and comparatively untried
practitioner of Pennsylvania. The
origlnators OF the Sugar trust were
initiative in their plan and selected
for their counsel John K. Parsons,
of New York. then whom no prac-
titioner in the United States had q
larger income at the time. Both
trusts, when declared illegal as
conducted under the unchartered
plan, were reorganized at once as
corporations under the auspices Of
the same lawyers who drew up the
original schemes. The Standard
Oil company was created by men
who were born poor and had won
wealth by dint Of hard struggling. |
The Sugar trlst was created by
men who inherited their wealth.
won when they were boys by their
'athers. Opulence beyond the
]reams of avarice" has been the
'eward of all parties connected
vith both organizations, but the
Oil msgnates are much
ess fspd of displaying their wealth
han the Sugar trust men. Each
organization has one member who
s conspicuous for his benevoIence,
n the STANDARD Oil this is5 john
}. Rockefeller; in the Sugar trust
is Henry o. Havemeyer. Mr..
rockefeller has shown bis OPEN
to much greater
egrse than has Mr.. Havemeyer, ,
'ut perhaps the wealth OF the for
ner Is as much greater than the
alters as his benevolence. In
9th cases the trust managers have ,
'een glad to amalgamste with such
omp ,titors IS tn = could not /,
fush, the late Charles Pratt OF
,rooklyn, being perhaps the most I
one taken in by the ,
pi, and Claus Spreckles /
be best known OF those received
nto the fold Of the Sugar trust 1
he leading spirits in both hsye {
cen brothers, and all the mag q
ates Of both trusts dislike news I
sper notoriety. For this reason i
,uch of the sossip that is printed i
,ncsrnipg them is not even
,unded on fact, for there are q
riters who, when they can't get O