The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1894-05-23
THE TRUSTS 100000.
The Price II Paid for a Favorable
Schedule in the Tariff.
The Democrats are Responsible for
theIntended Robbery.

The story in the New 1 Ork Ircss the L nh-
adelphia Pres and other papers which tells
at length the inside facts concerning the sur
render of the Democratic Administration
and the Democratic Senate to the Sugar
Trust was received in Wall Street with little
surprise by those who have known OF the
intimate relations existing between the pres
ent Administration and the Sugar people.
The story shows the supremacy oflhe Sugar
Trust over the Democrats in Washington,
and it gives in full the operations of the
sugar magnates and their lobbyists from the
day of the Chicago Convention to the pres
ent time.
In Wall Street and financial circles the
the story as published is believed to be true,
and it is characterized as forming one Of the
darkest scandals that any Administration
had ever been tainted with. The story is in
substance as follows:
In the National campaign Of 1892, the
Sugar Trust gave 100000 to the Democratic
campaign fund, in return for which the par
ty leaders pledged that, whatever the Demo-
cratic policy might be in other respects, 1t
would not be Que which would cause the
Sugar Trust to regard their interests in peril.
| When the Tariff bill was being discussed In
the House, and everything was not going as
! the Sugar Trust wished, a tremendous iniiu-
ence was brought to bear upon the White
/ House. and some of the managers Of the
Trust called upon President Cleveland, Sec
retary Carlisle and Secretary Lamont, and
the assurance was given that the Admins
tration would remedy what the House had
done.
Secretary Carlisle sent to Senator VOORHEES,
| chairman ofihe Senate Finance Committee,
the draft Of an amendment TO the sugar
schedule OF the Wilson bill, fixing the rate
on all sugars not above No. l6 Dutch stand
ard at 45 per cent ad velorem.
At this time the Trusts lobbyists were
were at work, and Mr.. Hayeme eyer, the pres
ident Of the Trust, was in Washington,
where Administration Democrats were con-
s,antly in conference with him.
These conferences were held in Mr.. Have
meyers room at the Arlington Hotel, and
also in room convenient 10 that of the
Finance Committee; aa1 finally the whole
affair was settled by the Senate abdicating
and leaving to the Sugar Trust the privilege
Of preparing a sugar schedule.
At one Of these conferences it was stated
that the adoption Of proper sugar sched-
ule would be followed by a rise Of fully thir-
" points in Sugar Trust shares within thirty
days. II was then that the Sugar Trust Sc
cured complete control over the Democratic
Senators. Various Senators began 10 specu-
late, and they made quick turns" in sugar
certificates. Fortunes were made by those
on the inside, and the stock was mani
pulated to Gil the pockets Of the sugar mana
gers ami the Democratic Senators.
The sugar people have strained every
nerve to procure tie passage Of The bin as
amended, provided the sugar schedule does
not 90 into effect until January of next year
Contracts, It IS said, for vast amounts Of su-
gar in other countries have been made. This
will be brought here and put in bond.
When il is reliaed and put upon the market,
the new tariff will be added to the price, and
it is estimated that the Sugar Trust will
make a clear additional profit Of from 50,
100000 to S26 10000.
Henry o. Havemeyer, president Of the
Sugar Trust, when seen in reference TO th'
exposure Of the relations between the TGsi
and the administration, said that there va.
not a word Of truth in IT, "IL is an infamous
fabrication downright lie, he said.
In the United States Senate Thursdly, the
resolution offered by Mr. Lodge for an inyes
tigatiOn Of the recent newspaper publication:
as to the alleged attempt to bribe two Sena-
tors to vote against the Tariff bill, and as iC
the sugar provisions in that bill having been
inserted in consideration Of the gift OF half q
million dollars to the Democratic campaign
fund of 1892, was agreed to after being
amended. Il provides for committee o
i've Senator'S to investigate the charges tC
inquire whether any contributions hav'
been made by the Sugar Trust TO any politi
cal party for campaign or election purposes
or 10 secure or defeat legislation, and wheth
er any Senator has been specializing in sugar
stocks during the tendency Of the Tariff
bill The committee appointed consists oI
Messrs. Gray, Lindsay, Lodge, Davis anc
Allen.