The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-29

try, II only It can cry quits with the
mercenary and perjured men who have
already repudiated the issues of the
last campaign, and have fixed rapa-
cious eyes upon the looting of the peo-
pie for four years, in the interest Of
corporate power and Individual greed
The absence Of a single patriotic
thought with regard to this policy is
even less notable than it's utter indif-
ference to ordinary political expedien-
cy. After us the deluge, ought to be
adopted as the Republican motto, and
stamped upon all the stationery used
at Republican headquarters hereafter.
CONSIDERABLE INDUCENENT.''
We are greatly pleased to have OBJ
tanned from the Minneapolis Tribune,
after repeated solicitation, a definite
expression Of it's opinion as to what
should be done in the way Of bounty
to encourage the production of beet su-
gar in Minnesota. We have succeeded
in making it understand that there is
already in existence a law providing
for a bounty of one cent pound. The
trouble with this, says the Tribune, is
that 1t is not enough. 1t does not be-
Heve that capital will go into sugar
making in this state without consider
able inducement" 1t fOrmulateS its idea
Of considerable inducement by saying
that 1.-The bounty ought to be, say,
With such a provision it has that beau
tiful $40 an acre net profit for the farm
er in clear sight. We are of the opinion
that a bounty of four cents a pound
might reasonably be considered con
siderable inducement," although it is
hardly out Of proportion with the de-
mands of any Of the other leeches that
have fastened themselves upon the peo
pie Of this country, under the pretepee
of drawing blood to enrich the body
IZCfrriC.- me retail price of beet sugar
produced elsewhere is fifteen pounds for
a dollar in the ST. Paul markets to-
day. What the manufacturers price is
we are not prepared to state, but it can
reasonable figure. Offering a bounty by
the state of four ifths of the total mar
ket value Of the product is not outra
geOus, as compared with the tariff du-
ties levied on many of the articles
which we import, but it must be some
thing Of a STARTER to the farmer Of
Minnesota who has his sugar to buy
We should think it very likely that a
man who had some money to invest
would find 1t considerable induce
ment" to put it into a sugar factory if
he could draw four cents a pound
cash from the state treasury for con-
senting to take profit that would Ger
tainly guarantee him more than 100 per
cent per annum on his money.
In making this statement we are not
haZarding any guesses. The business
is already we'll under way in the neigh
boring state of Wisconsin, whose con-
ditiOns are so exactly parallel With
our own that the cost and profit of su-
gar manufacture cannot differ material
ly in the two. In an editorial article
in this issue we publish an extract
from the Milwaukee Sentinel giving the
facts furnished by a gentleman per-
sonally familiar with the business Of
sugarmakiag. The Sentinel says that
the capacity Of the MenomoLee Falls
factory is 100000 pounds a year, and
that its capitalization is $4,000 1t is
not customary in aO4ory1ricac f +l,is.
sort for the capitalization to represent
investment dollar for dollar There is
generally something in it, fer the pro-
motors. But let us be liberal to
fault. Let us assume that it will re-
quire an actual outlay Of 100000 to
construct and equip a plant in Min
nesota for making beet sugar, with a ca
pacity of 100000 pounds a year. Now.
if the Tribune's suggestion is followed a.
bounty of four cents pound on this
product would entitle it to draw from
the state 100000 a year, which would
exactly repay the entire investment at
the end Of the first year The bounty
of one cent pound provided for in the
present law would give the proprietors
$4,000 a year cash income, outside Of
anything that they might make from
the business.
Of all the bounty propositions which
we have heard, none is more prepos-
ferrous, extravagant and unworthy of a
moments consideration than this sugar
bonus. 1t shows how far an unquestion-
ing allegiance to the protection idea
will carry a man when a contemporary
proposes, in the way Of a "considera-
bic inducement'' to the starting Of an
enterprise, that the state should pay
back to the projectors their whole in
vestment every year by a bounty
amounting to so per cent of the retail
price Of their product in the open mar
ket.
GOVERNMENTS AND CURRENCY.