The Camden chronicle. (Camden, Tenn.) 1890-current, 1899-06-23
Head Of Sugar Trust Gives
Much information.
HOW THE BIGTRUST WORKS
Sugar King Declares The Customs Tariff
The True Communism
Of Pelf."

Mr.. Henry o. Hayemeyer, president
Of the American Sugar Refining COM
pany, was examined Wednesday by
the industrial commission in session
at Washington, in connection with in
vestigation Of trusts. His testimony
related almost wholly to the sugar in
dustry and he opened with a vigorous
attack upon the customs tariff which
he declared was the ''mother Of oil
trusts" becoming such by providing
can inordinate protection to manufac-
tured articles"
He declared that the sugar company
undoubtedly tried to do it's utmost to
enlarge its business, but did II in q
way which they consider the only
proper one, i. O., by making the price
so low as to defy competition. He
said:
It is my opinion that corporations
are under no obligations whatever to
any Of the states for their existence,
Quite the reverse: the states are under
oblie.- ions to them. IF the plant Of
these industries consolidated was ca
pable Of being put on wheels end
moved from state to state, you would
find very active bidding for them. IL
is not an unusual thing for certain
localities to guarantee free taxation
for twenty years, free water and in
some instances give the land to cor
porations to have them organize under
their statutes and locate in their states.
There is no such thing as monopoly
! in these days except that which re-
| suits from patents and copyrights. <
The true Communism of pelf" is
the customs tariff bill. It says to the
people: "Here is the law we have en-
I acted for your robbery. Do not COM
: plain of it, but do your utmost to
attack and injure the machinery en-
4 gagged in extracting from you what we
i legislate shall be taken from you.
Tariff Is Attacked.
v Continuing his statement, he assert
ed that tariff of 10 per cent was Of
II high as any tariff should be. He com
n tended that sugar is discrimip ~
It against in the tariff in the inter
" the Louisiana cane growers, the n
le sugar makers and sugar growers
the Hawaiian islands. To these inter
ests he contended the United State
contributed $4,000, 600, which wa
.s taken annually out of the pockets 0
the people. The protection on suga
amounted to only one-eighth Of ce{
IS. a pound, or about 81 per cent adval
II orem. L ought to be twice as much
IN "What the sugar refining bushes
IL has paid, or is paying represents moth
a. ing more than an adequate return O
'te the capital invested" he said.
40 "What congress should have don
ne was to have put an internal revenu
ne tax on the American production of<sS
III gar. The representations made
H. congress concerning the crust, he d
lie clared, were untrue and if it was
fact that the people suffered fro
trusts they must blame the protectiV
tariff system of which the trusts wei
les merely the machinery No advantat
had ever been taken by his compar
aw of the protective system beyond Il
Ee. one-eighth Of cent given. He
var mitted freely that the company dida
VOC possible to advance its own busine
interests. He did not think the co
81 porations were under obligations to Il
tho different states, but that the rever
~ was true.
~ He referred to the antitrust laws
some of the states as problem on d
-. honesty, specifying the Missouri la
"'e There were always two classes Of
pie in a community industl1c
o., and those who waDt to live off the
itch ''But for the clamor against trust
rate he said, sit could be sold for tn
just times its capitalization.
Yet he thought the refneries COZ
y, a be duplicated for $50, 900, 900 or 81
me. 600. 900.
\. -uYDc IN rnt TTGT0N