New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-07-25
SUGAR GAMBLERS ALARMED
WILL THERE BE A SEPARATE ATTACK
ON THE TRUST?


SYNDICATE - HOW THE PRESIDENT
WANTS TO PAY POLITICAL
DEBTS COMMENTS on SENATOR
GoRMAN's Philippe
The gamble in American Sugar Refining STOCK al
the Stock Exchange continues 10 be the overshadow-
ing feature Of Wall Street markets But there may
have been significance In the fact that yesterday 'he
transactions were only half Of the enormous reooiu
OF Monday and the price received smart se''Oach'
The stock advanced per cent from the opening 10
,o,s I'M, Il closed AZ 1857. a ne; loss from Monday
OF II. per cent The appetite Of daring SPECTATORS
who apparently no: afraid of touching dynamite
risk money on this volatile and treacherous stock'
was whetted in the morning by word from WASH
ing on that the Havemeyer Trust held unoroKe' us
control Of the United States Senate. But there was
a steady oupourlng Of stock. which finally forced
the price downward. and heavy saies were maze oy
a prominent house with Intimate Washington con-
nectlons.
II was subject OF eager discussion. the question
whether the inside" manipua;ors who had bought
heavily around par were through with the ueai
for the time being and unloading 10 take
profits. Sugar is msrcurial that sudden uo""-
ward rush is as possible at any momen; as a SKY
rockeilng BOOM" The current tax has beeh 'ha'
the Trust manipuators determined 10 advance
the price to 10 or ll5 But Washington has been
thrown into such turmoil by Presiden; Cieveands
attack on his parys Senators and the scathing reply
from Senator German that the plans OF the specu-
lative clique are Liable TO unexpected changes
suggestion foated the wires yesterday from
the National capita. which sent A cod chill down
the backs Of the handful Of lAen who masters
Of the sugar Industry. Ii was the effect tina, an
Independent attack the Sugar Trust might soon
be made in the House Of Representatives. At pres
ent the outlook dark for any compromise between
the two houses Of Congress. The character OF MI
Cleveands remarkable letter 70 the Democratic
Free-Trade leader in the House. and Of Mr.. Cor
mans assault upon the Presidents position and
conduct, seem to end hopes Of an agreement II
seems impossible that either SIDE should confess de-
feat by an ignomlnous retreat and hence there IL
promise that. owing a Democratic failure 10 agree
upon "spos," the country may be relieved Of the
menace Of either the Wilson the German BIZ"
II 1t proves be impossible for the Senate 10 brow
beat the House into accepting the outrageous bar
gain with the sugar monopoly. a new programme Is
said 10 be contemplated by the Presidents followers
in Congress. 1t Is 10 attack the Sugar Trust with
special bill in the House of Representatives. stripping
Il of the protection It once secured under false pre-
fences and shearng 1t of power 10 muict the people
OF millions of dollars annually. II is proposed 10
rush the bill through the lower house and have the
Administration Senators bring It before the Senate
soon as possible
THE EYES OF THE COUNTRY WOULD BE on
THEM
Here would be sad predcament for the men
some tariff measure, have been faithfully serving
the Havemeyers in the National Legislature. There
would be chance 10 make this plea when the
Conference Committee had separated In discord
Here would be independent piece Of legislation
standing on its merits. The Sugar Trust would
call for the execution Of the contract made by Sena-
torial SPECTATORS. Only united front on the part
OF the Democratic Senators could defeat SUCH
House bill. The eyes Of the country would be upon
the Senatorial conspira;ors. and every man who
.cfor Of al or
political corruption would be forced to take issue
with the monstrous monopoly that pays enormous
profits on a capital boated with millions Of water.
A storm of public Indignation. II is declared, would
beat about the heads Of those wearers OF the toga
who dared 10 fight in the open for the biggest
monopoly that has ever bed the American public.
The contemplation of such scheme as Is here out
lined and its possibilities of success caused an III
disguised the operators who have
been gambling upon the success of the Sugar Trusts
infamous bargain with the Democratic leaders in the
Senate.
Interest in the crisis Of the Sugar combines at
tempt 10 buy legislation at Warrington was whetted
yesterday by rumors that from the capital
respecting the result OF the renewed investigation
OF the scandal by Senator Grays committee No
official statement regards the testimony
cured from Wall Street brokers came to hand. but
gossip plentiful over the wires 1t was reported
that evidence had been secured duplicating at least
two Senators In speculatons pending the discussion
finally secures the right ccws Wall Street IS pre-
pared for sensational and disgraceful disclosures.
Belief IS universal that corruption has attended the
Trusts dictaton of In the Gorman-Brice
sugar tariff schedule and downtown the question
OF exposure is considered be simply Of suf-
fcient diligence ard thoroughness the part OF
the Gray Committee. Here Is q possibility. to Wall
Streets thinking, Of tremendous explosion at
Washington which may also put an entirely new
phase upon the legislative situation and mperil the
Sugar Trusts control of the Senate. Men shudder
at the possibilities of shame and corruption that
may be opened up in the few days but there
universal feeling that It is the duty OF the SEN
ate Committee TO probe mercilessly the bottom
the filthy scandal that is believed to lie the bot
tom OF the miserable display Of Democratic lncom-
potency involved in the Congress deadlock the
German Tariff bill.
MR.. CLEVELAND BROUGHT 1T ON HIMSELF.
1t is confessed with reluctance IN financial circles
that the Chief Executive Is suffering through
the uproar produced by his extraordinary nterfer-
ence in the process Of legislation by his letter
Congressman Wilson. But It is recognized that in
his bitter attack upon the Democrats OF the Senate
the President has brought the consequences upon
his own head. Without dispute Wall Street
conceded the strength Of Senator Germans relent-
less exposure OF Mr. Cleveland and attack upon his
attitude Thick and-thin adherents OF the President
MARYLAND Senator as to the connection OF the Adj
ministration with the progress OF the emasculaton
% tHt NiSOu rlet- iubc tHc ''c VI
the Senate The only answer they could give 10
the accusations of disngenuousness n no. duplicty
hurled by MIR German at the head Of his party was
that a misunderstanding must have existed some
where. one Democratic partisan said gloomy:
II think the Presidents letter was bad politics but
Senator Germans speech was worse politics. IL Is
feared that the controversy and recriminaton now
going at Washington will further disgust the
public, already dsmayed and depressed by the Ia
mentable spectacle presented by the ruling party
OF the Nation
MILLIONS FOR THE PRESIDENTS FRIENDS.
Next to the sugar scandal Wall Street men
show the interest in the subject of the in
huences that have led the President 10 take up
vigorously the battle for free coal and free iron