The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1894-10-10

Americans, each family of five per
sons paid on the average a little more
than four dollars and fifty cents. Then
came the Mckinley tariff, admitting
sugar free of duty, and providing a
two cents per pound bounty on do
mestic saccharine products for the
term of fifteen years. This involved a
tax of ST., 900, 900 on consumers, which
tax was distributed among the pro-
ducers OF $4,000 tons of sugar raised
in the South in 1893, of about Il, 900
tons OF beet sugar, and of maple and
other sugars manufactured in different
States. With the advent OF the
Democratic party to supreme power
came an attempted change OF policy.
The Democratic House OF Represent
alive placed sugar on the free list and
repealed the bounty to producers. But
the Democratic Senate did not concur,
except in the repeal OF the bounty on
sugar. Its tariff and income tax bill
imposed 40 per cent. duty, adj valorem,
on all imported sugars, tank bottoms,
syrups of cane or beet juice, melada,
and molasses; also q duty upon all
sugars above No. 16 Dutch standard
in color, and upon all sugars which
have been discolored, Of ! OF cent per
pound in addition; also on all sugars,
etc, imported from any country pay
ing bounty on the export of such
sugars, a duty of lilo of j cent per
pound in addition to the foregoing
rates. This Senate bill does not affect
the provisions of the treaty of COM
mercial reciprocity between the United
States and the Hawaiian Islands,
under date of January 80, 1870.
DAMAGING ADMISSIONS.
President III. o. Havemeyer, under
examination by the Senate Commit
tee appointed to investigate current
charges against his corporation, testi-
fled June Is, 1891 that the American
Sugar Refining Company contributes
to whatever party or organization can
give IL protection, that it never con-
tributed to influence State legislation,
and that IL has only the politics OF
business" which, being translated,
means the politics of utter selfishness.
Secretary and Treasurer john h.
Searle denied that it has ever endeav-
ored to secure or defeat legislation,
refused to tell what was expended by
il for political purposes in 1892, did
not know that S500,000 were con-
tributed to the Democratic campaign
fund-as charged by the Philadelphia
Press-in return for pledges which the
Sugar Trust afterwards insistently
demanded to be redeemed" and did
not know what was to be given to the
Democratic campaign fund in New
York in the same year. The company,
he said, did not expect any return.
He had long since learned the truth
of the colored mans beatitude,
blessed am dose who expect muffin,
and dey doan't get muffin" Whether
this negative blessing will ever strike
the Sugar Trust is matter OF some
doubt, in view of Secretary S,earle's
confession that, "without any defin-
tie understanding as to any benefits to
be received thereby" it is expected to
get fair treatment "of our business
Industry" and he adds, sit needs
fair protection from either party, aside
from any contributions or anything
else"
The Sugar Trust is satisfied with an
al UdLOrens duty on raw sugar. 1t
yearns and struggles for differential
duty of ] of l cent per pound on inn
ported refined sugar, and that without
any apparent intention of conceding
differential wages ID the workmen,
many of whom have been Frustrated
by the recent intense heat, employed
in its several refineries. 1t wants the
differential as compensatory to the
Sugar Trust; il refuses the differential
asked by steaming workmen as COM
pensatory to them. III. D. Havemeyer
says that there are at least fifty articles |
indispensable to the manufacture of |
sugar from the raw material that are |
assessed from % to 10 per cent. by the |
proposed tariff bill, and that these du- |
ties increase the cost of manufacture |
by more than ! of / cent per pound. |
Perhaps-the exhibit is in order. Any |
a. Of hot ha
entail eighth is ga matter of life and |
lori death" to it. If so, it as of great |
importance. But that is not so clear. |
w. G.. Ford, Chief of the Bureau of |
Statistics, in speaking august 2d), of |
the years foreign commerce of the |
United States to a representative Of |
the United Press, said: 1.-THE imports |
[of sugar, raw and refined] in the fis- |
cal year, 1894 were unusually heavy, |
4, 81, 456, 1873 pounds, or sufficient to
meet a full years demand" If the |
differentlal duty of ! of / cent per |
pound were imposed-which it would |
net be-upon the whole of this amount |
it would yield S5,430,570. But the |
Sugar Trust paid % per cent, or $751;
500, 900, in dividends on a capital of /
So, 200, 600 in 1S93-a capital about |
five times what il would cost to re-
place it's plants. In other words, it 1
paid dividend of 10 per cent. in 1898 |
on the estimated cash cost of its prop
critics. If it should not obtain the
and it's dividends in 1895
be reduced to 1,0O0,0 900, that sum
will be IA per cent. on its capital of
SO, 600, 900, and 735 per cent. on its
actual investment of $4,000 900. If it
should obtain the / differential the
rates of dividend on capitalization
and cash value would be still higher.
But as the House conferres who so
protested that they would
never consent to- the Senate's scheme,
have not only consented, but are said
to have conceded a raise of the differ