Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-04-14
THE SUGAR TRUST.
pcx II pas Made Cross FRONT OF oVs'
$4,000. 900 Annually.

! terests. The Sugar trust has evaoeti sNeis
| snecies of direct and indirect lealsia.'oi
| that has been ieveletl against H. ana uui
| ing its existence it has been more a".c
| cratic and independent and held more oil,
| rect sway over the people off,he hiteu
| States than any half dozen sessions Oh eoii-
arrss nut together. Now that there IS an
| other change impending IN thesusar scheu-
uIe of the tariff, we find the trust even
more aggressive and domlneerlnS thsh
| ever. That their case Is considered an ur-
| gent one Is evident from the TACT that II mas
| drawn Mr.. Theodore Havemeyer TO wash
1 ington. and Mr. Theodore Havemeyer has
never before been known TO have taken any
| personal active part in sugar politics
1t seems hardly possible that anything
new can be written about the Sugar trust,
| its dealings or its methods, but believe
that a careful perusal of what follows will
! well repay every reader and will supply him
with information that he ought to know,
! but which he does not know. The sugar
/ news heretofore published has emanated
| mostly from the trust itself, the officials
! giving out Just what was to their interest
| and leaving the public to guess at the rest.
! There are many senators at Washington
who are now delving deeper into the sugar
| barrel with view TO learning just wtas is
at the bottom of il, and ii is this sudden
| desire for knowledge on the part of our
| lawmakers and the fact that they are reach
| ing nearly to the bottom of the sugar bar
rel which induced Mr.. Theodore Have
| never to break his customary conservative
| ness and assume the part of an active lob
| byist in person.
The total annual supply of sugar in the
| United States is approximately 100000
| tons, of which the southern cane crop is
| 100000 tons, the beet sugar crop about 90,
! 0OO tons and the Hawaiian crop 10000
tons. This leaves 1,350,0O0 tons imported
at Boston, New York and Philadelphia, but
| the entire quantity of 100000 tons is ms
nipulated and sold by the Sugar trust in
| New York. A comparison of the prices for
raw and refined sugar as ruling from Janu-
AIRY to September, 1898, showed that there
was an average difference during the nine
months of 1898 cents per pound between
the value of the raw product as imported
| ard of the refined article as sold by the
| trust.
| The cost of refining does not exceed half
| a cenG per pound, though the trust always
| has claimed it to be fivc-eighths of a cent.
| The various discounts allowed to The trade
| all of which have to be paid by the con
! sumner, reduce the difference in price be
! tween raw and refined sugar down to LIS
| cents per pound, and deducting half a cent
| Tor refining there was net profit of GAS of
a cent on every pound Of sugar sold be-
tween January and September, 1893.
As mas peeh stated, the total quantity
| Vi sugar hahdled ny the trust IS l,'oo'oVO
'oha "ih"aily' ahu proAt OF olS oil cent
upou eacii I'm" every one Oh THESE 3,4Uoooo,-
IL ..,l
| Wv louiu@ Ewes " 'o'al gross Groht 10 the
| 'rus' Oh <~@'o'-'oUo annually. inns would
stem 70 DE enough ior u concern with prop
| erty o. an ac'uai caSh VaiUe OF but $4,000
w. P'""' VI wv per CENT annually But
we Waleteu capitalization IS SS5,00O,NO,
"''Ieh h''htS 'he trusts proht over % per
| CT"' upon me ac.laI property ana ITS very
n"el%i uniHt'"i Oh water i'ut even TINS Is
no' an lhe price OF sugar IN San Francisco
| = 10y ltSul"''d ny 'he eastern price The
Ia" sugar Is mere bought from the Hawai-
| y" PAINTERS h'Io" lhe market price in New
| i"-N - quarter CT a cent ana Is sold to
Wy consumers NJ . cenI il" pound higher
~" 'he New YORK price On an average.
iH'S maize niue matter of l6,5G0O0O OK
w PfoAt on ne western trade bringing
ync gloSS prolItS OF the concern up to !2S,
oo@,uVV' or total OF ~ per cent per aLnum
VI 'i't o'i,lN@' STOCK water thrown IN.
~ h'"cI io' 'no ou!lhS ana selling ct
suI'I ny we tIuHI' Whlch Is not even con
'e i!I 70 S.op az tniS' IL NEEDLES, 1nterferes
WIN s'hu ',ecNS sne sugar producing indus
VI! v, 'ne nl,eu states congress endeaV-
ole'' ~ S'iiil ui"Ne the growth OF our own
S 5 SupPy' uut the trust prevents 1t.
20 Io"@teSS "a" me importance OF our being
independent Oh 'he fesI OF the world for this
necessary staple article OF food for which
,H1 III ~ PS"PIe "a! ou1 more money
",'"'"l's 'iI'Ii 'ney 90 Tor wheat, and con
800 - " D'"h'S q = cents per pound
a. ~, ','7"t ii''e III TINS country
~ ""''"INB u oeeV sugar factories, IT
-, 'i.,,''' Mo;'" ehnaiile ne value o.
~, 'ao' ''e . go" paying crop Tor
,,'a,,i,f,l,,.; ',.'" p.o,'lo'c \ he" ana large
s my tiu"Stf5' IL was thought
-, IL. it'e'o,Ics studded through
I,.. .Gu,''! III inherent states would
'Lrf.i mn i'I''' 'i'aihe'S WIN sugar, and
-; ',e eo''i'. in lie sugar madeat
ma So, ,.' ~ pm anu nuy II there.
49,, lii, - '."H' 'io"Snt 'his TOO The
s.' Wv ii','.r 'II.HAilg- Local beet sugar
i1;f5a.,., t".P'a ~ owns ana cities III
''' """iu interfere with the
~ nIaa1, wy tt"St' therefore they must