The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1894-07-26
GOT FORTY MILLION
The Sugar Trust Gets in on the
Peoples Money.
so SAYS CHAIRMAN HARTER


WASHINGTON, July % The follow
ing letter from the chairman OF the
house subcommittee on trusts to the
president of the American Sugar Re-
timing Company, was mailed tonight:
IL. 0. Havemyer President American
Sugar Refining Company-Dear Sir Ii
you will supply TO me, as chairman of the
subcommittee on trusts of the committee
on manufactures information asked for
herein Will see that IL is laid before The
house. Tree trader myself and believing
that no tax should be levied on sugar, ''or
anything clse,' except Tor revenue never
theless, as practically every article OF gem
eral consumption is 10 retain protection,
feel no prejudice against The sugar
interest such, and | think large
number of members of the house entertain
the same view. AS however. the sugar
trust demands protection, or, moro properly
speaking, the taxation oil the public for its
profit, it should put before congress and the
public its real condition, so that an intelli-
gent opinion OF the merits Of Its demand
may be formed. If, on the actual and nee
essary investment vi cash CAPITA you can
not save yoirselffrom loss without burden.
ing taxpayers, then IT has much jusufica-
ton, and more. for being fed from the pub
lie resources by taxation, the same MS
many Industries which we, In passing
the Wilson bill, allowed to remain
on the charity list. II. however,
Its profits have been excessive, when figured
on the actual cash and unwatered stock,
then you. as II fair minded man, will agree
with me that you should no. havs any Leg
| islative favors. In such an event tax OF
cent per pound on 100 degree sugar Tor rev
enue only would b. a fair and equitable
one, permitting reduction Of one nun
drelh of u cent for ench degree Of sweetness
lacking. Such Il tax as this, while taking
nothing TO The treasury OF your company,
would pour great many millions into the
| government Golfers.
The Information Desired.
Inc information asked for is compre-
hended under four heads:
| First What Is the present tax value, |. e..
| the cost of replacing The plants actually in
operation and necessary TO produce the
quantity of refined sugar turned out by
your company
Seoond-What have been the actual prof
its of the American Sugar Refining Com
pany for each full fiscal year since Its or :
goniz .tion and what are lis profits so far
in the current Year,
Third-What annual salary Is paid 10
ench of It's general officers?
Fourth-Whnt is the actual paid-in cash.
including plants, turned II at their real
cash market value and what is the present
surplus fund of the company, nclu ling all
individual profits?
Trust Got SAC, 900, 900 In Three Years.
The Mckinley bill gives sugar reIiners
he opportunity of collecting from the con-
sumner tax of u cent pound on all sugars
J above No. 10, Dutch standard, and the con
sumption of all clusses of sugar during the
; past three fiscal years aggregated 1896.
S02 446 pounds, fully 1900. 600 900 OF which
. were above this limit. 1t follows, therefore
, that the sugar trusts. independent OF rein
| ers III United States, must have received owe
! $40, 900 COZ OF the peoples money. while thu
2 government got during the three year
D s470. 75l. As your company has asked 10
continu Il iavJrs. the proprety OF supply
II hlv tolLtry with information asked
C herein will not be questioned by so resona
a BILE ainan of business MS yourself
: You are democrat anu will | trust, joiI
u me in the hops that within n few years tn
G present wretched system OF taxing peopl
J. (under the misleading name OF protection
II Tor the benefit of private interests will b
:, done away with entirely and forever
II Yours truly, MICHAEL u. HARTER.