The representative. [volume] (St. Paul, Minn.) 1893-1901, 1897-03-10
THE SUGAR TRUSTS CREED.
Three Million Dollars a Year in
Wages Cut Off.
If Its Profits of S23, ,624 COO Year Are Contin.
ued for Sixty Years the Total Will Be
More Than the Entire Amount of
Money Circulating in the
Country Last Year.

| III tel years Oh ltS existence lilc sugar
trust has taken from the people OF the
United States $o7,o4o, 600 in the shape OF
excessive profits.
Its normal profits would have been but
| ST sc, ,2oo, 900 for the ten years Instead OF
| being satisfied with such return. the
sugar trust has, during that period, di-
vided the enormous sum oi S230.24o 600
in profits alone.
II the sugar trust can keep on doing
this for sixty years. which is less than
the allotted span OF one mans liic. it
| Will have collected more toll from the
! American people than there was money
in circulation i'll the entire country last
| year.
These startling facts can be proved
| from the testimony which has been put
in before the legislative committee that
IS now investigating trusts and from tes-
timony that has mainly been given by
| the sugar magnates themselves.
| Both Henry O. Havemeyer. the presi-
dent OF the sugar trust. and John +.
| Searles. the secretary and treasurer. testi-
fed under oath that the annual output of
| refined sugar by the trust was 10000
| tons. or 24OO. 100000 pounds a year.
Henry O. Havemeyer testified that i'll
the year 1885, the year before the sugar
trust was organized the margin OF profit
to the sugar refiner was .5S OF a cent a
pound. This would make the annual
profit on an output OF 400 100000
pounds $I3O2o,o 900, or 81 &c, 100000 in the
| ten years.
Called upon by the committee to fur
nsh a statement which would show the
margin OF profit to the retlncrs (the
sugar trus) from 1887 the year OF its
| organization. to the present year Mr..
| Havemeyer gave a table which showed
that the profit margin has ranged from
673 OF a cent a pound to I..3o cents 4
pound
By striking an average on Nj. Have
meyers figures as to the margin oi profit
during the ten years, and multiplying it
by 10000 900 pounds, which both Mr..
| IIavcmeyer and Mr Scarlcs sWore was
the average output OF the trust, ii is
shown that the average profits per year
earned by the sugar trust have been S2},
o24,ooo, or $236,24o,ooo i'll the ten years
Had the sugar trust not been organized
and had the sugar rcfiners continued to
compete with each other on a margin OF
.5S OF cent profit, as they did before the
organization Of the monopoly the sugar
consumers would therefore have saved
SQ,7O 600 year, or SO1 100000 III ten
years.
Mr.. Havcmcyer has testified that the
number OF laboring men who were
thrown out OF employment bv the closing
down OF refinerics that followed the or
ganzation OF the sugar trust might have
been as high as 800. Others have testi-
fed that the number OF men deprived of
work was more than 1000.
From all the testimony it seems reason
able to figure on the basis that not less
than 5000 men who were working in
sugar refinerics that went ont OF business
when the trust organized lost their places
and have not been able 10 find employ
ment in that industry. The workingmen
in sugar rc6neres are well paid as their
labors are OF the most trying character.
The 5000 men who lost their work in
the rehncries through the organization
Of the trust, certainly averaged not less
than $500 a day each. making a total OF
$4,000 a day for them, Working 800
days year on this basis. those 5000 men
would have earned total oi $4,000 4
year in wages, or $50, 100000 ior the ten
years
Theodore Havcmeycr the vice -prcsi-
dent OF the trust. said that one OF the OBJ
jects OF its organization was to prevent
illegal combinations OF organized la
bor' There is no contention that the
5000 men who lost their places when
the trust was organized constituted IAN
illegal combination OF organized labor
They were deprived OF means OF earn
ing their livelihood because it was the
policy Of the sugar trust to shut down
refneres and swell profits by curtaling
producton.--N. y. World
A great many have wondered why
Englshmen took such an active part
in our recent goldstandard campaign.
1t has been ascertained by the New
York World that English investments
in this country amount to s., 1913, 400,-
coo. 1t was certainly a campaign Of
wealth VS.. commonwealth.
Our federal judiciary needs reform
ing about as much as our finances. OF
the SO judges it is said about one-third
have been corporate attorneys, and
have received their schooling under
the tutorage OF monopoly anarchists.
The Railway Times estimates that
, Grover Cleveland's wealth approx.
mates IS, 900, OoO, and that he realized
large amount in the gold bond trans
action, and adds: HE will shortly
become the most dcspised cx- president
not excepting Hayes-that the coun-
try has had. Appeal to Reason.