The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-06-11
proposition on that branch Of the sub1ec
would De presented.

proposition on that branch of the subjec
would be presented.
Mr.. Allison, in behalf Of the commit.
tee, then moved an amendment, striking
out S75-1000, and inserting $500 as the
dutp or refined sugars.
JONES ON SUGAR
Mr.. ones (Ark.0 was recognized for
| speech on the general features OF the
sugar schedule.
The senator had before him small bot
| ties showing the various grades of sugar
| raw and refined, and with these iilustra'
| ted his argument as he proceeded. He
asserted that the new sugar proposition
would increase the prifits Of the sugar
refiners in every poirt. If that was the
! purpose Of the managers OF the bin, they
hsould .et il be known. He was in IA.
vor Of a tax on sugar, but he believed
| that it should be made as light as posi-
| bic and should give no special benefit
| to anybody.
| Early in his remarks, Mr.. Jones refer
| red 70 the unfaiTness Of Mr.. Aldrich's
| Statement on the sugar schedule in speak
! ing Of the difference between German SUI
| gar and the raw sugar coming 10 thi:
| country. The comparison was not fail
| one, Mr. Jones commended, as the German
sugars could not be compared to ths
American sugars. When figuring on the
amount that should go to the refiners. the
American article, raw and refined, mus
| be considered, rather than the German
With great emphasis. Mr.. Jones declar
| ed that he proposed to see that there wa:
| some contention before German granu
lated was taken as the basis for finding
the differentiaI due 10 the refner. Mr.
Jones insisted that the grades Of sugar
compared by Mr. Aldrich in his speech
did not compare.
| Mr.. Jones stated that the price Of re
fined sugar upon which Mr.. A.dricn bas
ed his calculations Of go cents was tor
| low Il should have been 2.66, he said
Still, taking Mr.. Aldrich's figures, Mr.
Jones calculated margin Of from .43 L
.5S cents per pound to the refiners. He
| announced regarding this schedule
| which, it was claimed. gave less profit
| than the house schedule. that he had
| looked conscientiousiy into the question
| without prejudice and he became salts
| fed that a clear differential Of ore
eighth Of cent was right. Under thaa
increased How could the other side now
justify further increase OF the differen-
tial? He should propose. he said. duty
Of one cent per pourd on sugars test
ing IS degrees, with an increase of 3-i0C
on each degree above that, and differ
entail Of Is cent on refined.
II will not propose this in any captious
spirit" said he, "but because 1 believe
that it is sufficient and that the people
are entitled TO know exactly what it is
proposed to give the refiners."
The ideal duty on sugar, he continued
| If it could be collected without under
valuation, was an ad va.orem duty.
HAWAIIAN RECIPROCITY.
Mr.. Jones read letters from sugar men
criticiZing the Hawaiian reciprocity
| treaty and declaring that its benefit:
| accrued entirely 10 the sugar interest:
| of San FRANCISCO and Hawaii, while
taking millions out of the pockets of the
people Commenting on these, Mr.
| Jones remarked that when rascals fal
out honest men get their due.
Mr.. Jones also read a statement from
| an expert accountant showing profits o.
| 80 per cent by one Of the sugar com
| panies Of the Pacific coast which Wig
orously supported the abrogation o.
Hawaiian reciprocity. It disclosed tbs
comfortable condition Of a concern
which came here and pleaded the baby
act, he said.
Mr.. Jones then explained at some
| length his Interpretation Of the sugar
schedule from q technical standpoint
reading expert opinion to substantial
| his claims.
Mr.. White ttal) asked what cours,
was to be pursued as to the Hawaiian
provision Of the paragraph under consid
Grafton.
To this Mr.. Allison replied thar the
| prOvfso was in the bill as it stood a.
present and would have to be consid
cred sooner or later. The committee
might and might not submit a new
sent 10 the committee on foreign rela-
items.
VEST FOLLOWS.
Mr.. Vest followed Mr. Jones in cr,ti.
cism Of the general features Of the su.
gar schedule. 1t had always been, he
SAID. the Cape Hatteras OF the tariff de.
bate. 1t involved the whole question OF
the existence OF the gigantic sugar trust
which had absorbed refinery after re-
finery. until it was supreme and all
powerful in the field The Lexow in
vestigation had disclosed the enormous
profits OF this trust. Il showed. ne
said, capital OF $4,000 900 common
STOCK and $4,000. 600 preferred. an aggre-
gate Of $50. 600. 600. with profits Of II per
cent on its common stock and pei
cent on the preferred stock. 1t was an
open, bold. admitted trust
At this point Mr.. Caffery Oa1 said
he desired 10 show the fluctuations O:
the stock and the sales FOR months. He
read the lowest and highest market OF
the stock and the daily sales for a long
period. showing the Furnishing conditian
of the company
Mr.. Vest cut off some cross-fring be-
tween Mr.. White and Mr.. Caffery as to