The sun., 1897-02-16

financial dimculties. 49,.
ference between raw and refined sugar that
year TO a considerable amount. did you not
several years. hasn't theref A. Yes. slr.
Q.-And :. "a still incI.a.inga A.-on the con-
Q.-To what extcntp Al should judge about
msses *. what
A.-From three quarters TO seven-eighths OF n
cent pound.
AVERAGE COST OF REFiSiSo SUGARS
The boss hunter then wanted 10 know about
the cost Of refining sugars, and Mr.. Searles re-
pliedi 1T depends altogether on the varying
.. En- sss OF
Q.-we!l. take eranulated. That's a type.
isn'ttS, Alt iss type Of refined sugar, bGt ,I
tha world in thu cost Of It's production: whether
II Il. made OF high grade of raw sugar or a low
ti tsoh, well. You snaw vh.. ! mean. said
sssls n: nysssaEi
the aver ss.r.ss s's cost M q r.asng sugar would D.
o:-Hrc You now speaking from your own s.-
i have no knowledge or any experience but
my own that wish to swear TO.
He said that he based his estimate on tho ex-
perienco of the past nine years since the forma;
tion Of the old Sugar Trust. That a careful
averages. @ Ineludsd ed in th. estimate Of cost. he
said. were the operating expenses Of tho REIN
cries. charse for ofiics room and d. very large s
ono that WAS not included in that estimate
TO that depreciation, the American Sugar Re-
hninR Company had spent large sums IN I'M
provemcnts to the various plants.
CONDITIONS HAVE TBE IMPERrINEScn TO
Now" said Chairman LeIow with that air
Of II have got him. sure"D. now. Mr.. Searies.
to refine and produce cheaper than any other
refinery In the United States" - a.
II have no knowledge Of what 1t costs tho
other concerns" said Mr.. SeRrles.
What 2" demanded the Chairman.
mo KNOWLEDGE Whatever" said Mr.. searles.
main object of tho consolidation OF the sugar
refining companies was to econoinlze In tho cost
Q.-Then. IL the other com panies are able to
,naa ySn tns
That would soeni to DO the case
whether he know McCnhan. Phiiadelphia re.
pulled up another book Of testimony and, turn
n Mcssh.a S % had "a: .sld a. before the Way Way: and
Means Committee OF Congress. He said" said
M the S GSs. ts. q g sSs y Ing, So
sented waste. so that the cost Of refining eIclu-
siye Of that was only "a cents hundred:
Cahan can at SO cents . hundred refine sugar
90 cents OF that SO being represented By waste.
main object Of your consolidation is a failure.
mo. lido not think that Is a true statement
ssns Sa MecSsan Said You ysI %l nd that
refinery .9nly tho very highest grades of raw
grades Of raw sugar Is nothing at all compared
to the cost OF refining the poorer grades OF raw
Q.-Do you mean to DO understood that you
can't manufacture at the same price as Nc
Q."can your A.HUnder the same conditions,
0.-well. do you mean to say that you do not
know that you can manufacture cheaper than
McCahan under the same corditions2 Al
mean to say that probably under the same con-
haps cheaper. But there can be no com parIson
between the cost of refining In those refneries
nna IN the be cs ssEn. Ssr aenn'pS All
no two are alike. The conditions are not and
never can be the same. As for the American
fining company In tho world that makes as
many grades from as many grades.
what is known TO us OF tho law as sui Oenerps."
81 accept your knowledge OF the law said
Mr.. Searles gravely, and laugh went around
The boss hunter quoted from somebody cise's
testimony before the Senate that he had made
asked Mr.. Seariss IL he believed it.
81 believe that he made the statement" said
edge whatever on which to base IT,"
DO you challsnee that statemontr, do,
manded Senator Lexow. again bringing his hst
lido" said Mr.. searies. and the boss hunter
dropped his book and took another tangent Mr..
fineries Of the American Sugar Refining Com.
pany ran last year to their fun capacity; that
that the greatest number In operation at any
one time was twelve or thirteen.
said neT eef Chairman iew iexcw NH had osen fa bling
sugar is greater at one tine Of the year than At
another time. and that when IL is greatest the
demand Is greatest Now. at this season OF the
year. or we will say January lst the consump-
tion 10 only 90 per GENT. Of tho consumption In
"oh, / know all about that" said the boss
hunter. and he went stun bling right along In
the line he had been travelling In.
DETECTED IN TRE PURSUIT or BUSINESS.
Mr.. Searles explained to him that tho number
of refincries had been reduced by the consolida-
tion of the plants; ana he explained that the
reason this consolidation had been oroug ht about
was that the output OF the two rehnsries could
be largely increased by the ono consolidated
that the American Sugar Refining Company
had recently absorbed tho United States Sugar
na ha IsSP'ny IsSs It h.a nSs cf
Don't you hold it' A.-No. sir 1t Is held
9."Hasn1 i been bought. .A.--Not a. yet.
3mWhsSs ,Si DC you mean BY .nS. u. YETI" A,
Q.-Now what IL the object Of the purchase of
the United States Sugar Refinery by the Ameri-
Ssa sS .a tninv tha. We %iphs make use OF the
property for the purpose OF refining sugar.
This answer was made In Mr.. Searless kindost
| and gentlest toncs.
"You mean" snofted Chairman Lexow. that
you want To- kin its competIticni
use y for manufacturing purposes, In fact We
think we can use IL In our business"
Now. MIR. Searles, IL there not some person
| connected with your company who IL under
RennsryS G-Thcre has been no contract
| Q.-or understanding? Ayes. l should say
| there was an understanding.
| Q.-And has the price been fixed Ayes,
| think II has been fixed.
Q.-And the payment OF tho money 10 await
| Ing whatf A.-Oh, various matters.
| Now" said Chairman Lexow, again assum-
| ing the i've got you" tone, why did you ouy
| the Baltimore reiineryf"
| I'VE purchased that q number Of years ago
| because wa needed It," said Mr.. Searles.
| did you not buy In 1896 stock iEterest2'
| demanded Chairman Lexow.
I'VE did" admitted MIR. Searles.
| And did you obt ain con troll OF the com pany ~
we already had control Of the company u
| said Mr.. Searos.
| Now. will you explain how II Ia that with q
| total producing caDacity idle OF your own Ia
| exceed the total producing capacity or all the
| so-caled competing compRniee, you still lind II