The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1894-06-14
OF BUSINESS.
That Is tie Policy of the American
Sugar Refining Company,
IT Is STRICTLY NON-PARTIsAN.

Under the Wilson Bnl MIR. Havemsyer
Estimates That sugar would Increase
One Cent Pound to the Consumer.
what tho Trust Costs the People.
WASHINGTON, June A. 4--Immedately af-
ter the senate sugar investigating com
mittee was called to order yesterday Mr.
Havemeyer, continuing his testimony Of
Tuesday, made a statement in answer to
question asked by Senator Allen demand
ing full data concerning the contributions
made by the sugar trust In 1892 and 'g9
Tor political purposes This statement is
As follows:
Mr.. Havemeyer-W l am perfectly
willing TO answer any material matters
under advice OF counsel | decline to
answer about outside matters. decline to
answer about local contributions know
of nothing given TO the national cam
paign. There exists no bargain of any
nature, and never claimed that the com
pany was entitled to anything except
what its merits required
The examination then continued:
Senator Allen-Iou may state, If You
can, the difference OF protecting your in
dustry under the Mckinley act and what
/ Il would be under the act as it is now
/ framed in the senate, under the Wilson
act, with the senate amendment that is
now being considered
Mr.. Havemeyer - Under the senate
amendment 1t is about one-Quarter what
it is under the Mckinley bill
In answer to questions by Senator Al
len MIR Havemeyer stated that the profits
Of the sugar trust during the last three
years had been three -eghths Of a cent
pound on refined sugar
Senator Lodge-What would you esti-
mate the increased price to the consumer
hnder the proposed bill'
| Mr.. Havemeyer-A cent pound from
jhe present price
Further along Senator Lindsay said, us
it not fact that, being able to fix the
price in America, it has been the policy of
the trust to fix it just low enough to keep
out refined sugar made in foreign coun.
triesn
Mr.. Havemeyer-Thatl is the business
| practically, of the American Sugar Befiu-
ing company.
Senator Lindsay-And you have so fixed
It as to practically exclude all foreign
competitions
Mr.. Havemeyer-Yes sir; as protection
to our own business every pound of for
egn sugar consumed in this country is at
the expense of the American Sugar Re
hning company, and any diminution of
the MEETINGS of the sugar refining COM
pany means an increased cost to them of
manufacture.
The price of sugar to the consumer in
lGermany, the witness said, was one cent
a pound higher than in the United States.
The cost of production was about three
quarters of a cent less, but the govern
ment added duty of two cents pound.
Mr.. Havemeyer admitted that the pur-
pose of the formation of the trust was TO
increase the cost on American consumers.
Senator Allen-And when you did form
the trust you did advance the price OF
sugar to the American consumer
Mr.. Havemeyer-We did 1t was an ad-
vance of about a quarter of cent net.
Senator Allen-And the American con.
sumner is today paying three-eighths of a
cent pound on refined sugars more than
he would be compelled to pay under q
system of separate retineriesy
Mr.. Hayemeyer-Yes sir.
Senator Allen-If the trust were wiped
out the American consumer would be beue
tted to the extent of three-eighth of a cent
pound on his sugar.
Mr.. Havemeyer-I will admit that. But
anything that will wipe out the trust viii
wipe out the industry.
Again referring to the matter Of cam
paign contributions, Senator Allen asked
you never contribute to the campaign
fund of party in the minortyY
Mr. Havemeyer-We may, | will mo-
say that we do not.
Senator Allen-Does any other corpora
tion in these same states do the samt
thing, that you know?
Mr.. Havemeyer-I understand every in
dividual, corporation and firm in exist
ence do it in their respective states Tn,
American Sugar Refining company has NJ
politics of any kind, only the politics o
business.
John A. Searles, secretary and treasure
of the American Sugar Re fining company
was the subject of the committees ques
tions from until g o'clock, His eXamina,
= tion was on the same general line as tina
Inf