The Hawaiian gazette., 1894-10-12
OTHER REFINERIES.

OTHER REFINERIEs.
As yet the American Sugar-Refin-
| ing Company is not the only one in
! the United States. The Yonkers Su-
CARL Refining Company, a sugar refin-
ing company in Chicago, and that of
Nash, Spaulding & Co., Boston, and
possibly Others, hinder it from COM
pletely monopolizing its special busi-
ness in this country. And wisely too,
so far as they are concerned. One
member of the Boston firm stated that
its plant was worth $250,000 in 1886.
On October Z, 1889, the same gentle
man said that his firm had netted
S500,000 profit in 1888; that it paid
them to be independent of the Sugar
Trust; that the combination might
make the prices and his firm would
have the profits; and that said firm
was making ten per cent. per annum
on a possible capitalization of $5,000,-
600 of its $250,000 property. Part of
his own share of the avails was inves-
ted at the time in certificates of the
Sugar Tsust.
The GrOsSherzOge of the American
Sugar Company are multi
millionaires, but do not object to indefi-
mite increase of the number Of millions
that each possesses. To promote the
growth of enormous fortunes they sow
literally beside all waters-Democra
tic or Republican, local, State or ma
tional-and also reap literally. In
contributions to political parties their
politics-themselves being authorities
are unchangeably those of the Su-
gar Trust. e., such as will foster the
growth, wealth, power, and profits of
the American Sugar-Refining Com
pany. Their business, judiciousIy
managed, has always been lucrative,
and, judging from the Opulence of
leading exponents, exceedingly so.
Under the old graduated tariff, up to
1SS9-90, they waxed fat and flourish
ing. OF the nearly $4,000, 900 import
duty on sugar then paid by 65,000,000
Americans, each family of five per
sons paid on the average little more
than four dollars and fifty cents. Then
came the Mckinley tariff, admitting
sugar free of duty, and providing a
two cents per pound bounty on do
mestic saccharine products for the
term of fifteen years. This involved
tax of S12, 100000 on consumers, which
tax was distributed among the pro-
ducers of $4,000 tons Of sugar raised
in the South in 1898, Of about u, 900
tons of beet sugar, and of maple and
other sugars manufactured in different
States. With the advent of the
Democratic party to supreme power
came an attempted change of policy.
The Democratic House of Represent
ative placed sugar on the free list and
repealed the bounty to producers. But
the Democratic Senate did not concur,
except in the repeal of the bounty on
sugar. Its tariff and income tax bill
imposed 40 per cent. duty, ad valorem,
on all imported sugars, tank bottoms,
syrups of cane or beet juice, melada,
and molasses; also a duty upon all
sugars above No. is Dutch standard
in color, and upon all sugars which
have been discolored, of Of cent per
pound in addition; also on all sugars,
etc., imported from any country pay
ing a bounty on the export of such
sugars, a duty of lilo of ] cent per
pound iu addition to the foregoing
rates. This Senate bill does not affect
the provisions of the treaty of COM
mercial reciprocity between the United
States and the Hawaiian Islands,
under date of January 80, 1875.
DAMAGING ADMISSIONS.
President H. o. Havemeyer, under
examination by the Senate Commit
tee appointed To investigate current
charges against his corporation, testi-
fled (Juue l3 1891 that the American