The sun., 1897-02-16


'"iif the profit is greater when a refinery is run
at lis full capacity. why do you make only 1oo.-
600 tons year when you can make 2bO,0OO
tons And when tho American Sugar Refining
Company. operating under the same agreement,
IN the same market. disposos OF 100000 tons
u year, and makes proht on such amounting
and accumulates besides that n big surplus 2"
II don't believe that they made any such
ssdGp,ion. sSnI on!'iS INSISTED @ Sir. Post. % "u " surplus
II don't ask you what you believe" thundered
'hs eois os @ ss Tss s.
hunter repeated his question again. and again
the answer was p'i:,sd s ~ npGn; Agsain the cues;
make any better answer than that. rhe fact Is
that the question can't be answered with yes
I'm tho judge of tho question" insisted
well. / can't answer it." insisted Mr.. Post.
:" No DO not refuse to answer it." said Mr..
Post Its a question that can't bo answered;
- III don't care how you difrorsnsists." said
answers. but want an answer TO that question.
How 10 IL that the American Sugar Refining
You market less than 100000 p"
"oh, as regards that, SAID Mr.. Post per
haps they have more ssiidui ssiesmen and more
YOU as they have for themf A.-Not brokers
o.-Thc bulk OF the business is done in tho
factor system. 10 It not2 Att Is done through
the brokers and statesmen who deal with the
This answer was. not satisfactory to tho bos.
hunter. aud ho asked that question over and
over for tho next ten minutes. AT last he got
:nsred; There: why COULDN'T you have said
that In tho FIRST plnceT"
PRICE FIXED ny THE WORLDS MARKETS.
Q.You expressed some doubt as to the
figures Of the profits OF the American Sugar
henning Company; Do you doubt because your
t they are &C correct. because know % somethns % f OF
the sugar business.
American Sugar Refining Company2 A.-some-
times our price is the same aud sometimes 1t Ia
Q.-But the fact remains that It is not differ
ent2 AL said IL varied. 1t 10 often different.
Then Mr.. Post said that his com panies carried
timss; that he had no knowledge Of the amount
carried BY the American Sugar Refining Com.
pany. His companies. he said, sometimes had q
thirty days supply on hand.
Q.-Well, between you and tho American
Sugar Refining Company you fairly az the price
Q.-You ax the price of the raw materially A.
o.%Yonr demand and tn. demand of the
American Sugar Refining Company are the only
ones, are they not3 A.-oh, no, sir; the whole
Q.-wdi, mean in America A.-No, not iu
s the ,as
whore they can got tho price. The whole world
fixes the price OF raw sugar; the law of supply
Owen, after sugar has once been on stor.
age here, then 1t depends entirely on the Amer!-
shipped elsewhere. 10 ali parts Of the world.
tween eSn Sixteenth % and an .sRsh % Of een and
they do not add greatly to the cost Of the sugar.
,,0.Do Eou mean to say that there are " nv nnctSa, t
ever warrant the shipmeht OF sugar to other
countriesy ,A.,Yes, indeed; yes. indeed.
At this point tho W hole pack OF hunters started
after tho witness. Every one Of them had ques.
tIons 10 ask. and no two questions were alike.
men 40 in the same direction. Finally. the boss
hunter got all OF tho other hunters choked off
sfp' % or M nsr,nea. baa ony xed
with the American sugar Refining Company as
TO the price OF sugar.
NOT a particle" replied Mr. Post
Q.--Do you refuse to sell TO wholesalers In less
than Twenty-Five barrel lotsr Ave do not
U.-You do sometimes sell In Ave barrel lots
A Occasionally.
The boss hunter here started of on q tangent
and ran along for ten minuter. at the end Of
which time he half got out OF his chair again.
doubled up his nst, glued his eyes ON the wilt
telling us facts?"
II an under OATH" replied Mr.. Post, coolly.
THE EQUALITY BOOK.
Then tho boss hunter started out about an
Equality Boos. He had an idea that the Equal
issued by the American Sugar Refining Com
pany to It's factors for tho purpose Of regulating
aPd eSSs1ng the PR Prcs Of sTgrss
issued by the Wholesale Grocers' Association
and not by the sugar people ut all. 1t is used by
tho sugar people to eQuHliZe freight rates. In
the factors agreement, which the sugar refining
people do send out, there is n condition which
factor shall not be sold at less than the daily
quotation made ny ths sugar refining company
Sna w, no Pes
count than are provided for in that book. Sem
ator Lexow spent more than half an hour trying
wrong. Most OF his questions contained mis-
leading inteIences. but through 1t all Mr.. Post
maintained bis eouanimity and stuck to tho
When Chairman Lexow asked him II he had
soSs ss' nGSs @s h' SAID h'' h' had
"Oh, well, III show you one" said Senator
Lexow. This one comes all the way from
Kentucky. The people uown there are very
much Interested In this investigation"
Why don't you have one from nearer home"
Wholesale grooers II you want IT, You don't
have to 60 as far as Kentucky for such things
Next the boss hunter got it into his head that
tho firm OF willett N Gray. which publishes
sugar auoiation,s was In the EMPLOY Of the
Mr.. Poat a considerable time TO disabuse his
mind Of that He distinctly shocked the Chair
lett & Gray an authority in sugar matter- at
all except In so far as imported sugar was con-
S%nsr. had S.sn BANKING from the as rss S'nss oa
everything that Willstt d Gray had said in
gious mistakes. Whereupon the boss hunter
had another attack Of the Equality Book fever.
and had il sxaminea Alter Mr.. Post had OK.
planned fo5 the forty;seyenth time tho boss
know much about your business"
:" am not q Wholesale grocer" replied Mr..
Post " am In tho sugar business
WHY NOT 90 BACK TO BARrER2