The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-06-15


will not get for 1t the largest price that he can.
II means that With the hbuhdauGc OF capiiai
ready for Investment which II ALWAYS found
everywhere. the only way to prevent compcti
tlon Is TO keep prices below the competitive
"droat public improvements. factories and
other enterprises requiring large capital either
are impossible unless through til" instrun"n-
through tho action Of individuals themselves
posscssod Of unlimited capital; 1t is easy n
see what IN the latter case would happen to the
,."0n@ f2fm, in which hostile action magiissts
tse is by lgEsat215 , TEhGh Is mSndsa t9
particular States. This legislation in some
States takes the form OF bills which permit
refuse to ray for Thorn. This is premium ON
dishonesty. In other States the attempt il TO
II the producers OF such articles were to follow
the lead and to combine 5 to kcep their com,
what would resut-cither the people would be
com PEELED to go without or they would be
fo!ssd 70 pay an nWsTs d rrSe o. itself
Ia left to pursue ordinary channels A will see
TO It that b does not have any, extraordinary
feres that Il situation IL created OF which adj
vantage can DO taken against tho interest Of
the community.
"Im these days there are two forms. md only
two forms. of monopoly: One, that which re-
suits from patent ana coGytiGhti ths "tnsr.
nations Tariff for reycnue need not be con-
sidersd The expenses otthe Government must.
pose Of eapalizIng against foreign bounties
or foreign discrimInati does not need to be
giving to one industry q protection Of 100 per
cent. as against pst cent for an9theri or a ,py
Tho re az
in the interest OF some favored Ind stry. 1t
must be kept in mind that this Is a rich
in mind that the object OF every one is to make
the country stronger. weather, more impor,
which / have referred. Legislation, against
corporations. II followed to It's legitimate ro-
suits. would make the country Iess powerful
its people less prosperous. and would destroy
tho influence which comes from the richness
OF The land and IL peorIe . .,o o,,..o-tho
Industry Of others. It is they who are without
other mode OF stating the obvious proposition
that It Is those who are without means who
VIII s mr nad finished reading
his paper. Prof. jerks examined him on some
OF the points brought out ~ the r. statement N,,S
the sugar industry. The witness in substance
sad that i9resn producers And mannaGtursr5i
in the industry. Mr. llavemeyer was unable
to say in exact terms what PROPORTION OF the
entire American output the product OF hs fac 0
recent years has beer, due to the war in QUA;
on1s S6oG5So ions This advance ' was ii
the American sSuEar Refining Company. but
wholly to natural causes. Asked whether the
combine has any advantages over other sugar
thought that il did. He accounted for this by
the fact that it produced sugar in such largo
In explaining the methods employed by tho
Sugar Trust in sitting competition, Mr. Have
where Independent companies had sprung up.
In lss7 When GGHs Spreckes started 10 re,
hat NOT ant n ct rh
I'VE cared nothing about outside sugar
and did not fight until we saw ourselves in
danger Of losing at least portion OF our div
later The on S Of ss
time we began to fight them. We contnued the
light until we had gotten their rehneries."
in the sugar business; the witness said: "He
Mr.. Havemeyer said that if companies carry
Ing Ing. on the sugar business would spring up in
snsep Hmd the So AmScHn
dividends, and it had been the policy u the
company to drive out all eopEsetteors..
not in business for Its health. but to make
money. and. while it sometimes shared its
from motives OF philanthropy. The present
capacity Of the trust reilneres was 5000 bar
rels day but; giving to diffs eTI causes they
The trust had dismantled a number Of plants
Of general methods of refining had not been
lowered TO any great extent The only advan-
tage In this respect was to be had In concentra-
Mr.. Havemeyer said the railroad companies
did not give The trust more than the ordinary
carload rates. The American Sugar Rellnne
CompGny owned on e,;i Of The WestOr9
The other half The witness ' was Of opinion Mion
that II the new sugar crop OF Cuba were allowed
TO come into the United states free OF duty tho
refined product could be sold for three cents
Prof jerks asked if the company which the
coffee business. He replied: y" II IS aud it Is in
to stay When the company entered the coffee
Some d the be3St Of the reduction hal Vf BEEN
given to the public. but want 1t strictly nm
derstood that We are In tho business to make
Mr.. Hayemeyer Expressed the belief that
end eontrnl any product sold in the United
1s. svs4 S r sSno Why Thy he and rsss
Yer, were natural .S growth They. were reau-
power can alter these laws" lie said, and d' the
sooner you lind It out and cease these useless
II gather from your essay" snid one of the
Commi,sionners." that you are in favor OF
No. replied Mr. Havemeyer II am in
favor of a moderate tariff only. say 10 per
THAT will protect you. will il not 2"
Il have already told you 8 per cent. would
cover us"
Then" continued the Commissioner. all
you are after Is protection for yourselfp"
After recess Mr.. Havemeysr was questioned
as TO the labor employed by the trust He
thought the laborers were well treated. They
e de @n S as %
beer was furnished by weight and at cost.
Referring again to the question OF tariff
protection, Mr.. Havemeyer said in answer 10
questions that he thought protection had been
Endorsed by tho American guple in the cleo
tion OF Harrison and Mckinley He was and
always had been in favor Of projection. but
thought II should he limited TO 10 pcr cent
Above that the demands were inordinate. He
thought the Louisiana growers were unIustly
benefited by the bounty. which. although it
had been removed they still received in the
shape Of $40 ton tariff He wanted the tariff
on refined sugar raised from One-eighth TO
one-tOurth OF n cent per pound.
Why do you ask for this p was asked.
" For contingencies he responded, amid
laughter. He said they could not make profit
now
-" How can you conduct tho business at a
well" he replied good humoredly. ono is
business matter and tho other an executive
net"