Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-08-08
TRUST STOCKS SAFE UNDER MKIN
LEY.

10 the Editor of the National Waterman:
Here is interesting reading for people
VINO are the helpless victims of the trusts.
of the "rgs 9nt
Boston. July T., has the following encour-
agement for those who would purchase
sugar trust stock.
AMERICAN SUGAR REFINING COM
PANY.
Attention was called to sugar last
week. ana mention made of the present
large earnings of the American Company.
There has since been n further advance
III tho price of refined sugar, and 1t is
estimated that the company Is. at the
present time earning a large surplus over
ana above IL per cent. on the common
STOCK, However, a return to the y per
cent basis is not anticipated in the imme-
looked for. 1t Is believed by some that
the average dividends which will be paid
during 1900 will amount TO the full IL per
cent, as i'll previous years.
The total amount of dividends paid by
this company since its organization TO
date date amounts to III per cent, or practically
per cent. paid so far. this year. Should &
per cent. DO the total amount declared in
Will bring tho amounts paid in dividends
up to $50 per share. and the stock will
probably be selling above. lao.
This same letter says that the proceed
ings of the Democratic Convention at
Kansas City have been of such II nature
in the Is OF
:
Consequently the purchase of trust stocks
will be safe.
Five days later we note In the daily
press the following:
SUGAR GOES UP-TRUST ADVANCES
TIE PRiCE-ANoTHER INCREAsE
is LOOKED FOR.
Chicago. July 12.-Prices of sugar have
been given another advance by the trust
to cents n pound wholesale. the highest
price In several years. Tho latest adj
vance. and the eighth since May %. was
MOndnN he hn1..
salo price was $3.50 a hundred pounds.
1t IS expected that the price ultimately
mates of local jobbcrs the advance since
May q increases the profits of the sugar
trust something like $4o.oOO,ooO When the
advance began, wholesale men say. tho
price WAS below the cost OF refining. An
advance TO cents would be cAorbitant.
however. the johbcrs say.
Thus by tho arbitrary will OF this trust
the sugar bowl OF everyday laborer must
be made to pay tribute To the trust thae
makes n clear sl.0J0.J0o = day OF the help
less consumers of this everyday article
of domestic use.
This trade letter is quite within the
stocks.
The election OF w j. Bryan means that
would cease TO pay such tribute, ard Mat
TIE Sherman antitrust law would be ca.
forced. nnd this publication G.oEe would
be sufficient To reduce tie power of This
&C numerical freebooter, the sugar trust.
Mr.. Ravcmcyer. tho president CT This
trust. tesuhes that the protective tariff Is
the mother OF trusts. and Mr.. Mckinley.
In his letter OF acceptance. has nucn 10
say about the great benefit TO tho
masses" OF the high tariff! The extra III
cents per pound OH sugar. only Il part
OF the $40, o60. 900. will make an ample CON
tribution to Mark Hannas corruption
fund in tho pending campaign. II the
trust puppet. Mckinley. expects TO fool
the people. slip Into power again. he
should advise his friends not to send out
any more trade letters until after the
election. The braZen frankncss with
which all trusts are advocating the cleo
ton of Mr.. Mckinley should cause every
man, not in trust. to vote agains. him.
No one need be deceived. William Me
l<inley Is for the trusts and the trusts
are for him. and against the masses;
William J. Bryan is for the masses and
against the trusts and the trusts are
against them. Voters, choose we, which
sc Will serve.
HELEN NJ. COUGAR.