The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-03-06
Dickering with the Sugar Trusts Presi-
dent and Specializing in Shares on
the Stock Exchange.
THE REAL REASON OF DELAY
Want All the Time Possible to
"Bull' and "Bear" the Market.
Denounced by Senator Hawley as the
Most Disgraceful Proceeding He
Has Ever Seen in Congress.
Special to the indianapolis Journal.

Special to the indianapolis Journal.
WASHINGTON, March 5.-There were
sensational rumors at the Capitol to-day
concerning the improper influences of the
Sugar Trust upon Democratic Senators.
1t was reported that a representative of
this trust had sufficiently satisfied him
self that he had fixed the Senate upon
the question of a discriminating duty in
favor of the sugar refiners as to cause him
to make a. 'bulr' movement on the mar
ket When the Senate finance committee,
or rather the Democratic members of ii,
for the Republican members of that body
are not permitted to participate in the
consideration of the Wilson tariff bill, ad-
journed on Saturday afternoon it was
stated by members of the majority that
sugar would probably be retained on the
free list, but that if for any reason a duty
should be placed upon sugar there would
be no discrimination in favor of the re-
finers-the Trust.
Yesterday afternoon Mr.. Havemyer, who
is at the head OF the Sugar Trust, ar
rived here and took suite of rooms at
the Arlington. Shortly thereafter a num-
ber of prominent Democratic Senators who
have been leading the movement for pro-
tective changes in the sugar, iron and lead
ore, coal and other schedules began TO ar
rive. They were Immediately ushered into
Mr.. Havemyers room. Among those VINO
came We're two or three members of the
finance committee There was confer
ence which led well into last night. When
the market opened up this morning in New
York the result of Mr.. Havemyers visit
here and his interview with Democratic
members of the finance committee and Dem
ocratic Senators in general was quickly
seen. Common sugar stock ;umped up
from IS to so. At II o'clock it was noised
around the Capitol that many large orders
for the purchase of Sugar stock for Demo
cratic Senators were sent out last night
and early this morning, and that the "bulr'
movement was due solely to inside informa-
ton and the interview of Mr.. Havemyer
with Democratic Senators; that the head
of the Sugar Trust had been promised that
there would be a duty PLACED upon sugar
which would be equivalent to Ia cent per
pound upon the raw and IL cent upon the
refined article.
Senator Hawley, Of Connecticut, to whom
many of the reports and much infor-
nation went directly, said this after
noon that the entire proceeding was
the most disgraceful thing he had ever
seen in all his experience in Congress; that
it all looked like the Sugar Trust proposed
to bribe it's way into legislation, and that
it would bring calumny upon every Demo-
cratic Senator who had visited Mr.. Have
myers rooms. Another New England Re
publican Senator said that the Sugar Trust
had simply "stood up the Democratic
membership of the finance committee AM
compelled it to deliver, the same as a high
wayman forces pistol into the face of a
pedestrian in a lonely spot in the dark hour
of night and compels the delivery of any val
uables upon his person; that it looked very
much as though the combine to compel a
revision of the tariff bill had behind it
speculating schemes upon the part of GER
tain Democratic Senator's; that they were
demanding speculative action upon threats
of voting against the bill.
1t is asserted that some Of the Demo-
cratic Senators who have been speculating
in sugar and whisky stock from inside in
formation had either entered the combine
or were encouraging 1t simply and solely
TO ''bulT' or bear the market. There is
no question but that the tariff bill would
have been completed by the Democratic
members of the finance committee to-day
had it not been that Democratic Senators
and their friends who are working the
market were unwilling to give up their
field just at this time. They wanted an
other day or two for operations. There is
not an intelligent man in Washington to-
night who does not believe that if there is
discriminating duty placed upon refined
sugar by the bill as it will shortly be re-
ported to the Senate, il will be the re-
suit of bribery and a desire upon the part
of Democratic Senators to work the
market. 1t has been many years since the
breath of scandal has been so strong about
the Capitol as now, and it will be a won
der if there are not some Democratic hands
burnt by it,