The news & observer., 1897-03-12
Profit of $4,ooo,ooo Assured
by the New farm
RATE JUST TO IT'S LIKING
WAYS AND MEANS CoMMITFEE
PLACES DUTY AT 19s CENTS
sEARLEs's PART IN THs ScHEmE
Traaeurer and Presidenu HaVemeYer
Devoted Their Attention to Sena-
tors Who Have influence
In the House.
In the House.
(New York Journai.)

Washington, March 9.-nhe sugar
Trnst is again victorious, the sugar scneo-
ula of the new tariff as fixed by the ways
ana Means committee to-day carrying
ono and hve-eighths cents per pouhd Oh
all raw sugar, which means clear prolt
of one-eighth of a cent on each pouho
for the trust.
A reciprocity para graph permits OF cer
tain reductions running down TO one ana
one-half cents with countries making sat
isfactory reciprocal conventions. A an
forantiaI of one-ei ghth cent per pound
is added on refined sugar. The present
rate Is forty per cent ad valorem. Inc
committee expects that the new tax Wll
raise over S20,000,000 of revenue. 1t
his not estimated the profit of the trust
TRIrsT WORKED QUIETLY.
Tho trust worked it's scheme very
smoothly. Its representatives reInalneu
away from the committee. None OF them
annaarad before it or asked for thing.
They said they would be thankful for any
small fsyors The whole matter was left
entirely with the committee, and 0he
committee seems to have appreciated
This modesty. But while the agents OF
the great trust did not appear before the
committee they hovered about the city
They spend their time where they uhought
IL would be the most profitable.
Their being rewarded has been brought
around in the most indirect way posslole'
Chairman Dingley is opposed to trusts.
He was confronted, though, with the pro-
blem of raising sufficient revenue to meet
the demands of most extraYagant Con
gress. A duty on sugar is one OF une
snrest and quickest ways of doing II. lie
believed in high duty. With chair
man believing this way it was not 50
hard a matter to get the figures as they
were wanted. 1t all came at first III the
shape of a compromise. The bounty
and anti-bounty men split the difference.
LIKE FINDING MONEY.
President Hayemeyer and Secretary
Searles, of the trust, worked the scheme
through from the Senate end. They work
ed in the Senate, and the Senate worked
for them Secretary Searles was part1c-
ularly active, and always met the men
who were known to be friendly to him
and his confreres These Senators have
influence in the House. 1t was in this
indirect way that the trust succeeded
IN its plans.
The result. then, after weeks dis
cussiOn. is that the rate stands at one
and five-eighths cents. 1t will enable the
trust to make a $4,000,000 bonus. 1t Is
just so much money found.
The Mckinley bin put sugar on the
free list. It might be supposed that the
President would be of the same opinion
concerning sugar that he was seven years
ago, but he has learned lesson since
them That bill sent him into private
life, and again made him President. In
the latter affair the Sugar Trust had a
hand 1t showed its interest TO the ex-
tent of about $500, 900, so it Is claimed
The duty viii not please the Louisiana
members of Congress as much as it
might They wanted bounty first, and
then two cents a pound duty, but will
not get either. One and fiye-eighths els
better than nothing, though, and may
bring them into line.