New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-02-26

that unless 1t d4.fontinued buying foreign sugar
1t would lose the taStorshp and also the rebate;
have to give up selling foreign sugar or have Their
factorship revoked?"
do you include Mollenhauers and Howells az
being controlled by the American Sugar Refining
Company"
80 that the agreement insisted upon by one ap-
PLY :ya to "'I?'
And results in excluding foreign refined sugar
fr 9Yes the America" market"
Having refused to sign the agreement and being
consequently cut of by the Sugar Trust did YOU
succeed in getting sugar elsewhere?'
Yes had to sell foreign sugars. and also
got sugar from a small refinery in Louisiana dur
ing the grinding season These sugars are nearly
as good. and as '.e price Is low enough to cover
the extra freightage. the action OF the Trust did
not work to any disadvantage financially"
- Na a you explain how the foreign rrehner is able
freightase?" asked Senator McCarren
Yes, because he is satisfied with a lower margin
than the Trust"
rThe en- The question Of labor has nothing to do
no | have inquired into that. ana find that
the average wages paid to the European laborer is
81 and to the aborer in the South OF this country
the average is 81 "a | do not know the wages paid
Mr.. KrennLg said further that he refused to
sign the agreement because he wished 10 retain his
coinmercial ndependence and because he objected
20 being made part OF system that was promoted
But he added IF the Mckinley Administration
puts up the tariff. | shall be unable maintain
foreign supplies at the same price as now; and the
result will be that will have TO sign the Trust :
agreement or out OF business"
TIL committee. revertng again 10 coal. called
Clnton W. WiSsner treasurer OF the stevenson
this company. the witness said. sold to the
Lehigh Valley Railroad The terms Of the con-
road 20 per Of the proceeds of the sales while
the mining company took the balance of 90 per
the Arrangement Of selling the output to the rail
road company was advantageous TO the miners
btHn Al No Ie-f rfft
ton and the uncertainties Of collecting payments
How much does II cost to prodke coal at the
1T would be difficult to say. because the cost
varies from month to month should think 81 50
And what do YOU receive from the railroad COM
Two dollars and thfrty-two cents per ton"
c Soes se or at r he E d fo
that while o% PsS 500 for 'T Predicting
the coal; the carrying company gets 81 55?'
out that the miners had to pay royalties which re-
duced their profit to about y cents ton. while
the railroads had no percentages to pay out Of
CONSEQUENTLY If the price is increased the rail-
road companies get tho benefit of it,
Mr.. Wissner said that prices had increased in 1896
low. in consequence of Overproduction In that year
the Philadelphia ana Reading the largest producers
OF anthracite coal made strenuous efforts TO show
that they mined y per cent Of the whole output
OF the country. Naturally those efforts caused other
railroads to look 70 their laures resulting in large
output; overstocking the market. The price had
goh" down, ana a great deal OF money had been
lost"
Joseph b. Dickson. general sales agent Of the New
York. ontario and Western Railroad. and F. B
IIcinner general sales agent of the I.ehigh Val
ley Line. were also called. but their evidence was
mainly show that the 1896 conference was neces-
sary in order that some arrangement might be
formulated whereby the losses sustained from the
low prices I'm 1895 might be remedied
The names of Charles |. Johnson and Mr. Fiber
son. directors of the United States Rubber Company,
were then called by the sergeant-at-armS They did
not respond. and the Senator instructed the stenog
rapher TO note the fact the record
n * h. .tf1
withstanding the promises made upon the stand.
these TWO gentlemen been produced.
The inference to be drawn from their absence must
necessarily not be favorable TO the company"
Senator Lexow then formally adjourned the pro-
ceedngs sine die.