The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-07-22
THE SUGAR BOUNTY
"And They All Take Sugar
in Theirn."
THE PRESS ON THE STEAL
John De WITT WARMER SHOWS
UP THE FRAUD.
SUGAR TRUST COMMON CHEAP At 1876

SUGAR TRUST COMMON CHEAP At i35
The Tariff Bill is "A Device to Make Dstribu-
lion Of National Earnings Among
Private individuals.
The crowded condition Of our columns
forbids the publication Of extracts from
more tf.n a few papers exposing the
bour.y given the sugar trust in the pres
ant tariff bill.
MR.. JOHN DE WITT WARNER,
known to be one Of the most accurate
public men in America. said on Tues
day, after reading the new sugar sched-
ule carefully:
Sugar Trust common is cheap today
At 1875. Tue so-called 'compromise' turns
out to be a surrended by the House OF
Representatives which has scarcely been
allowed to carry off its side-arms. In
considering this surrender there are three
essential points to be noted. First, the
epecif'c differential on 1O0-degree refined
sugar is made one-eighth OF cent a
pound, a. fixed by the House schedule,
instead OF three-sixteenths, as proposed
by the Senate schedule. That is what
the House gets. fs 0a~
Second, the Senate pretends to sur
rended its one-tenth OF cent reduction
Of duty on raw sugars testing below 81
degrees, say one-tenth of all imported. 1t
Gets, however, reduction OF duty on all
raw sugars by the changed rate. BY
which the duty on raw sugars Is made to
decrease an the saccharina decreases
now-now $4,000 instead Of 5-10O Of a
cent for each degree. So the sugar people
are really largely gamers, and the House
10 bunkoed. .~~~---
Early reports were to the effect that the
difierential on all refined sugars had been
left at u, as compared with raws Of
equal saccharine strength. Had that been
true, 1t would have been real victory
for the House. As might have been ex-
pected, however, that was too good to
be true, and later advices show that all
sugar, either refined or above No. 16
Dutch standard, is dutiable at the full
rate prescribed, for one-hundred-degree
refined. That is, three-Quarters Of the
otherwise competing imports of granu-
lated, beet, and soft cane sugars are shut
out by . practically prohibitive difYeren-
tial far above that on the high-grade re-
fined sugar to which alone the attention
of the public il called"
THE NOW YORK EVENING POST,
In the course OF an able and elaborate
editorial, Gays:
ut il impossible for anybody but ex-
perts to understand what this means in
the way OF protection to the sugar-re-
timing monopoly. Dingley himself does
not know, but the sugar-refners and
spectators knew perfectly well, and
when they put up the price of Sugar
stock II points in single day, it may
be assumed that they have good reasons
Tor doing so. -In~the abel Of tongues
at Washington an idea seems to prevail
that the Trust and their speculative fol-
lowing, including Senators themselves,
are trying to make it appear that they
have won a victory when they have not,
that they are Boosting ON the streets and
I'm the hotel corridors how they kept up
the fight IN the conference and finally
cot ali that they expected, with a mere
change OF words which was not a change
Of substance.
'.Undoubtedly there will be much hurl-
eng Of charges and epithets on the stump
this fall apropos OF the sugar tariff. but
all arguments will sink out of sight in
presence OF the fact that when the pre-
nj ~ cr1
American Sugar Refining common stock
stood at 40, and that when the confer
ence report was made it stood at 40.
Result: net gain Of 36 points on $37,-
OOO, 600 Of stocks, mostly water, or gain
Of $4,000, 900. 1t may be said, and it Is
doubtless true, that large part OF this
gain is due to the stock Of sugar that
these people have imported in advance.
For this also Congress is responsible.
The Mckinley bill Of 1890 set out with
the proposition Of a free breakfast table,
a free sugar-bowl, and all that The
Dingley bill has ended with a tax Of
nearly two cents per pound and bonus
to the Sugar Trust Of $13, 100000 in one
lump. That is free sugar-bowl with
vengeance The truth is that the sugar
rehners do not need one atom OF pro-
lection and onght not to have it. The
one-eighth differential that the Dingley
bill proposed was a sheer gratuity, all
the more outrageous since the Trust it.
self was a confessed monopoly. Even il
we allow Mr.. Dinley's claim that ne
has defeated the unholy conspiracy in
the Senate, ne has still to answer the
charge Of putting an unnecessary bur
den on the consumers Of sugar for the
benefit Of milionaires. The only excuse
for this act is that he was obliged to
do this in order to make the bill con-
sistent with itself. That is to say, the
bill was a device to make a distribution
of the national earnings among private
individuals, with the chance Of getting
some more revenue for the government,
perhaps, and it would not be fair to
leave out anybody who had contributed
largely to the funds of the last cam
paign." Nip u xNENNEl