The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1897-05-28

fornia and one in Utah, the sugar in
dustry of the United States is prac-
tically controlled by the Sugar Trust
and l have never known il to be re-
corded where any industry was at the
mercy Of a trust that il ever received
cent benefit from increased prices.
I Resides this. I have the very best au-
I thority for the statement that one
/ sugar beet factory in California, run
ming IA DAYS last year, paid 20 per
I cent dividends upon its capitalization.
The highest price paid TO the beet
I raiser for his beets is 81 per ton, and
until the manufacture Of sugar from
the beets is handled by the grower
they win never be allowed more than
"A living profit upon their toll. The re-
ports of over 80 large and small fac
tories in Germany show that 10 manu-
facture a pound Of sugar from beets
which are bought at a price Of s. per
ton (which is 81 per ton more than
our factories payl, and including all
interest on working capital and an an
nual sinking fund for repairs and rem
ovatiOns. costs 21s cents. Let me as
sumo that We are able in California TO
extract from the beets the same per-
centage in sugar as is done annually
by the German manufacturers. viz.
12lZ per cent. not taking into consid-
Grafton that our beets are richer. 4
factory for the manufacture of dry
white granulated and cube sugar ready
TO be sold to the consumer without un-
dergoing a process Of refining. with a
capacity of 500 tons Of beets daily:
Costs approximately ......... Sl5O.OOO
Incidentals Observation-Disclosures. $4,000
Together -...........-..-..S S25O,OOO
such a factory viii in the 100 days
Of its run consume AZ least 10000 tons
Of beets. which yield 12l5 per cent or
$50 tons of white sugar. which I viii
value at 4 cents a pound (la n cent less
than the very lowest quotation in this
at any period). This is $50 per |
ton for the whole $3.50 tons-S3O0 000 |
The cost of production. according TO |
German reports. is 2ls cents. to which |
I viii add the cost Of the entire labor, |
viz, 100 men for 100 days at 81 per /
day. $4,000. and the cost of fuel. viz, I
8 600 tons of coal at S6. $4,000, giving
a total cost Of production of S225.5OO, |
which. deducted from the $500, 900 val
lation of the sugar produced, leaves as
a profit S74.5O0. or almost 80 per cent
on the invested capital. which certain
" proves the possibility of overcoming
the high prices for labor and fuel.
While these figures show the aspect of
the question from the standpoint of
the manufacturer. they plainly prove |
how it is possible that many German |
factories have paid a profit annually |
Of so or more per cent of the invested 4
capital for many years in succession.
4 was informed by japanese of in |
fuence that they saw in the abrogation |
Of the treaty chance to acquire that |
which they have waited long and pa
uently for. viz. the ownership of the /
They told me the planta-
tions could not be cultivated at a |
profit except by their people. and that |
they will do ii only for their people; |
in other words, they are willing to
purchase them at what they are worth /
today. However. they viii demand |
that a long lease be given to their Gov
ernment Of Pearl Harbor. 1t needs no
words TO paint a mental picture of
what will become of these Islands !
when once the japanese become the |
employers Of help, the moneyed power /
and the labor itself As a business |
proposition the planters would nat Z
uraIIy dispose Of their possessions and |
leave the field to the undisputed infu- /
enCe Of the subjects of the Nikado, /
who would be monarch of all they I
and instead Of the heritage /
Of the Islands going 10 the American |
people they would 90 to the japanese, /
forming a greater Japan.
e. [. FITZGERALD,
Labor Commissioner"