The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-07-23
QUESTIONS ron rHE SUGAR TRUST.



20 Democratic Leader Haxemeyer.
W@HIe9TaN CEFx. July e2-The fol-
lowing letter from the chairman of the
house subcommittee on trusts to the
president of the American Sugar Refining
Company was mailed today:
"H, os uaxemeyer. President Sugar Re-
inning Company. New York@naan Sir. If
you Will supply Iae, as chairman on sub
committees con trusts and manufactures
the infornati0n asked for herein | wall
see that Il is laid before the public A free
trader myself, and believing that no tax
should be levied on sugar. or anything
else oK sept for revenue. nevertheless, as
practically every article of general con-
sumption1sts retain protection. l feel no
prejudice against the sugar interest as
sueh. and think a large number of men,
bers OF the hoase entertain the same view.
As. however, the sugar trust demands pro-
lection, or, more properly speaking, the
taxation OF the public for its pro-
INT, lt should put before congress
and the public ha real condition, so that
an Intelligent opiEfion of the merits of its
demand may be formed. III, upon an
actual and necessary Investment of the
cash capital, you cannot save yourself
from loss without hurdenfng the taxpay-
ers, then IL has ss much Justification and
tnore-t0r beng fed from the public re-
sources by taxation as many industries
which We aid i'm passing the Wilson bill,
and allowed 10 femaan on the charity list
III, however its prohts have been excessive,
when figured upon an actual cash and un-
watered capital stock, then you, as fair
minded man. will agree withOme that You
should not have any legislative favors In
such an event tax of / cent per pound
apon i00Ldegree sugar for revenue only
would be a fair aud equitable one per-
mltung red actlen oof l-luo of a cent Tor
each degree OF sweetness lacking. Such a
tax as this, while taxing nothing TO tho
treasury Of your company, would pour A
great many millions EntO the government
Golfers 11ie tnkornation asked for is
eomprehended nnder four heads.
"Ftfst-Nhal Is the present TAX value
T. e cost od repIasing=-of its plants artu-
ally in operations and necessary to produce
the qusnutgof refined sugar turned out
by your company
'ssecend--Whnt have beena the actual
profits OF the American Sugar Refining
Company Tor eAch fatt fiscal year since its
organ natfon, and what are its profits 80
far in the enrfeFfk scar
"Third-Nhst annual salary Is paid TO
each OF its EeneraF afiicers2
i'Fousth-=N has Is the actual paid-in
cash capital, inctating the plants turned
in at their reaL cash market value, and
what is tie present ss1rDbaso@f the som-
panv, ineluai@sg all iadiyidual profits?
the Mckinley bi@ gives the sugar re-
bnsrs an opportanltyot collecting from
the consumer q ta& OF cent per pound
Hpou al sugars abawe No. tG Dutch stand
ard. The consumption of ali classes Of
sugar dnffng t@le past three fiscal years
aggregated * aSs Sl2 40 pounds, fully
800. .e1e. .egJ puuAas OF which were above
this limit. IL follows. therefore, that the
sugar trsst and the independent refiners
in the United States must have received
over SO N0)sa0 OF tsFe peoples money,
while tue governments got diIring the three
years $3.50. f3E oAs yo9r company has
asked certain iaFora, Ias propricty Of sup
plying tle country eth the information
asked hefein will not be questioned by so
reasonable = man of hnslnessas yourself
"Nou are y Dentqcrat and will, trust,
i1in me IN the hope that Within few
years the present @Eetehed system of tax
sag the peopls, asder Eile misleading name
OF protection. for tlie beneh6of private i'm
terests viii se tsreo away With entirely
aud forever. Years truly
f'MTcukEL u. HARrEk."