The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1897-06-26
WILL NOT HELP REVENUE
&C.. \. SPRECKELs SHOWS HOW THE
TRUST EVADES DUTIES.
Methods to Checkmate Such Move
Would Make an Addition to the
Revenue of About Sl6.OO0.OOO.


the Sugar Trust expects to evade for
the next six months the increased
tariff on raw sugar, and he also sug-
gests plan by which the scheme of
the trust may be defeated. In the
Washington Star he says:
"In ordinary times the Sugar Trust
carries from 10000 to 100000 tons of
raw sugar in stock to be worked up
into refined sugar. That amount of
supply on hand is amply sufficient to
meet ordinary demands. AS soon,
however, as it became apparent that
a special session of Congress would be
convened by the President for the pur-
Government by higher tariff, and as
soon as il was known that raw sugar
would be an article upon which a
higher duty would be levied, the Sugar
Trust proceeded at once to balll the
purpose of the special session, so far
as it related to itself 1t began to
y
every country in the world where that
commodity is produced. The ocean
has been almost crowded with sails
bringing cargoes of sugar to our ports
and today tire are speeding to this
country a fleet of vessels, almost with
out number, laden with raw sugar, all
l.. Al, 4 h.,
fore the new tariff bill goes into effect.
"Already, according to Willett g.
Gray's circular, the Sugar Trust has
in storage over 616,000 long tons of
raw sugar, or nearly 100000 short tons.
1t is the opinnon of experts that be-
fore the new tariff measure goes into
effect the Sugar Trust will have in
stock in its warehouses from 100000
to 100000 short tons of raw sugar.
This vast amount of sugar is over six
months supply for the United States.
BY importing it before the new tariff
bill goes into operation the Sugar
Trust saves the amount of increased
duty over the present rate. AS
stated before, the increase in the Ding
| ley bill over the present rate is about
SIG per short ton, and in the unamend-
ed Aldrich schedule it was over SIS
per short ton. Now, the Sugar Trust,
by thus anticipating the operation of
the new tariff law, expects to save in
customs duties from 100000 to S16,-
100000.
This vast sum of money will go
instead of into the treasury of the
United States.
"You ask if there is any way by
which the sugar monopoly may be
thwarted in this gigantic scheme or
conspiracy? 7 reply that 1 think there
is. That vast amount of raw sugar
has been imported to evade tax
which the country needs, and which
the people will have to pay to the
trust instead of to the Government.
The question simply is, how to com
pei the sugar monopoly to pay to the
Government the tax which it will col
lect from the people 1t is very
simple thing. Mr.. Dingley proposed
to collect this tax by providing that
all articles imported into the country
after April / should pay the increased
tariff, or rather the rates fixed by the
new tariff measure. But there il a
! simpler way to reach the Sugar Trust
than that. 1t is this: Let the tariff
measure provide that an internal reve-
nue. tax of SIG, or $1S, or $40 per ton
be levied on all sugars refined in this
country for the next six Xmonths.
The enormous stock of raw sugar
which the trust has imported will have
to be refined within that period The
deterioration, storage and insurance
and interest will forbid the holding of
it over that time. In this way the
Government will get the tax which the
Sugar Trust hopes to collect for it's
own treasury"
| Hundreds of thousands have haen