Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1897-06-20
SECRETS OF ruE rnusrs LAID
BARE.

The sugar trust was organized in
1891 CONSPICUOUS members and adj
visors are: II. o. ilavemeyer. j. f.
Sear;es, F o Mathiesen. William
Dick. ". b. Thomas, j. f. Parsons.
IIavemeycr is the president Of the
company. His salary aggregates
100000 per year Ills estimated
wealth is from 100000 900 to sS0,o0o.-
900.
Searles is the trust treasurer. His
salary is 5000 per year. His wealth
is estimated at FROM S25,C0r,uO0 to
$4,000, 900.
1t produces over two and quarter
billion pounds OF sugar every year.
BY I'm increase OF u tritle over halta
cent in the pound il can increase Its
yearly profits by over slG,CN,ooo a
year.
BY filling half u sheet Of notepaPer
with figures it can force from every
man, woman and child in the
country contributions amounting to a
total OF over sl0,U0n,CO0 i'll twelve
months.
Its presiden: receives n salary rs
large again us that Of the president OF
the United States, and his influence
on legislation may be greater than
that OF the president OF the United
States.
The salary OF its treasurer is haltas
much ugaIn as that OF tue president
OF the United States.
The trust has $1,000 employees, rel
resentIng u city Of owe 10000 sonls.
The average wages it pays to these
employees is only sl2 per week.
Its average profits are ~Sl2,COO,OOO
per year.
lis speculative profits have amount
ed to over 5S.OOO.O00 per year.
Total profit for eleven years $780,
6G3,9G9.
In his analysis of the trusts profits
Henry d.. Lloyd writes that every
half cent up or down in the price Of
sugar makes Il gain to the combina-
ton at the rate of S20.001,000 II
year
When it is remembered that every
Eoint up in the price Of trust stocks
means moro millions, it no longer
seems strange that the trust should
contribute money by the hundred
Thousand IN bu. ing tie rascalsOf both
parties. Nor is it singular that it
should promise the United States
senators investing ION the ground
floor i'll its stock IA raise OF 80 points,
as i; is said 10 have done in ease of
~strHto-s Who specialized through
ChUl man or oilers of its agents.
It's attitude towards labor is not
.,.S ,irIous.
This : iIlustratcd by Its semi-an-
Hual shut downs. Whenever there
is more sugar on the market than II
likes it shuts down ~retineries enough
TO check supply, regardless OF the ct-
feet on its badly paid labor. The
regular s"emi-annuRl shutdown at the
Iiavem"yer refinery took place this
morning. wrote All investigator OF
trusts methods. AS 4 result 1000
men are ont Of wo:k, and as they
make only Il little over 60 a week,
many Of them have absolutely no
means Of supporting their families.
Another investigator WHO visited
the refinery wrote:
these men work hard i'll rooms the
temperature at which is sometimes
nearly 200 degrees, and they are paid
but eight and one-third cents for an
hours work. They therefore have to
work L. hours a day i'll a heated room
to earn 81, and ms the sugar r%etiner-
les are operated on Sundays the same
ms any other day. many OF the labor
ers work every day III the week that
they may earn 81. Those Of the la
borcrs who are married are compelled
to look to their wives to help support
the family. which the women do in
some cases 10y taking in washing.--
n. Y. World.