The evening times., 1897-07-17
Profits to the Sugar Trust by
Sleek Manipulation.
ROCKEFELLER'S NEW DEAL
what VIII He the Astonishing Re-
suits of the Combination of i0e
STANDARD Oil and Sugar Trusts?
Mouopolies Such as These Have
Never Before Been Known.

seen, in which sugar trust stock went up
ia price from l29 to 1877 rs, and mil
lions were made and lost, not 60 mention
the huying OF national he gislators that may
mean almost billions, perhaps, 20 come out
of the people's poo kets the news Is given
out that The two greatest trusts The worlo
has ever seen have combined and now so"h
will be ron virtually with one controlling
spirit One OF these is the sugar trust lhe
otseris that even more powerfulmonopoiy'
Standard Oil. IT is even known now that
this last great sugar deal, with its eight
points rise, a million point, and its
highest price ever reached for the stock,
was thought cut and engineered and mar
vested ~ the two men who ruu those
trusts.
This little bout with the remainder Ot
the world, netting these two gentlemen
80 many millions each, was not bad test
of strength for the new combination.
his really quite a striking little affair
When sugar began TO 60 mp the Other
morning il was at 12s. Two or three
hours after that il was a. l37. The proit
for two hours Of that time to the sugar
peop,e was not less than S2,00o.0O0, or
81 900 600 an hour, two giant fortunes
This was all over a beggally rise Of
r points, however. MI. Rockefeller mas
made oil stoc + reach 300 and has often said
that it is a shame that sugar stock Is Not
nj the same figure. one of the first little
details of TIE combination viii Toe TO
attend 10 this matter. In use from
135 TO 500 in sugar stock the sugar people
would cleaI SEQ 100000 or so, or, III other
words. tax the people of the country say a
dollar a head all around.
This combination of Rockefeller and
Hsvemever suggests most forCimy Mr.
William Dean HoweIls' Traveller from Al
puria wherein nation modelled on our
plan is taken a. we are now and pictured
for a few years on lis ON wa rd march. Mr..
HowtI.s' book is picturesque working out
of the prnblem whittier our present laws
and conditions logically tend. His con
ciusions have been reached by economists
before and since his book, but ''AhruIia "
had more rea ding fol the moment than is
usuailv given works on economic problems.
is one of the great principal steps OF the
chain Of events. II Overshaeows any
other one step.
In "Altruria" the syndicates and then
the trusts slowly centraliZe the business
Of the country into fewer and fe wer hands.
The sugar finally is all manufactured 10y
one trust aud the coal all mined and the
oil. The railroads are owned 10y few
giant companies. This gradually and
then Iaridly decreasing number OF People
who run business OF their own is accom-
psuted in the book ss in reality, of course,
low the same difference in the number OF
people who have property. The capital
lists decrease IN numler and inCTea - enor-
mously in wealth.
All of This we have already had very
strikirgly in real life as well as IN Mr..
Fowells' fanciful fiction.
But il was most natural in Altruria that
as these trusts grew powerful and far
reaching in their projects and workings
their interests should more and more De
together aud side by side. It was in fact,
Impossible that an ything else should occur
In Altwria the trusts, glutted with money
they had nc use for. bought OF each others
stocks and bonds All this has happened
in America. too
But there came time In AltrIria when
one great trust combined with another
gigantic monopoly. This was Really kind
of turning point, or, not that exactly that,
but great white milestone 90 the side II
d Straight road Soon after another trust
Joined with these two. Then. after a little.
all along this straight road. fourth and
firth fF1Sf pau,p into fbp Do,tl,in a. io.,
IL was very simple matter. a logical
condition Of things very easy Of accom-
plishment 1t didn't require any financial
genius. In reality it couldn't have been
avoided In Altruria.
In Altruria, after not so long. there were
a few hundred or few thousand people
who owned the whole wealth OF the world
The remainder were paid 40 cents day
in the coal mines 1t may have been only
so 1t doesn't matter what il was 10 Mr.
Howells' story, for these bilIionaires Gf
Altruria could have made it whatever they
liked. AT any rate it was not enough to
support anything more than mere life. and
not by any means always that A good
man. died of hunger IN this book of Mr.
Howclls
In this state OF affairs. at the beginning
when the trusts began to form, a part II
tBeir power was their ability 10 huy Ieyisla-
tion. when first two trusts combined they
could buy more legislation than had ever
been secured by money before MIR RocSe-
feller and Mfr Havemeyer and their ooInbina-
ton and their deal in sugar were very
clearly foretold by Mr.. Howells
An article appearedin The Timesof June
90, first publishing the fact that the Rock -
fellers were securing sugar stock There
had lseen whispers in the circle Of the
heaviest financial people of the street 10
this effect, but the information had never
been printed before, and was given out
first In this paper. The news of the deal
IL now cotlmon property on the street IT
is discussed everywhere with comments
on the shrewdness OF Rockefeller
The story OF the combination is told in
full In the New York Journal of Thursday
scnr Paragraphs from il, the news OF this
beginning OF the syndicate Of the trusts.
are given here:
standard Oil is deep In sugar-so deem
that a few brokers, secretive ones, at that.
say in whispers that Standard OIL controls
the sugar trust. Half a dozen Others. less
secretive but just as well informed, de-
clare In frank speech that great blocks of
I'd trusts stock have been shorn off b Y the
Standard Oil buyers. while every operator
In the stock,save Henry o. Havemey ger and
job? sedrles, has been asleep.
THE last seems true The RockereIler-s.
Johr u and William: Daniel o'Day, II. NJ.
Flagler and H. II. Rogers, have been the
buyers Wall street estimates their hold
fngs at &C. 900 10 zoo, 900 shares. The en-
tire issue OF common stock is 375.SO0