Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-05-16

pose" he said, Il will go as far as my
directors will allow meas long as
there is any money in our treasury.
Further explaining his position, he
said that the beet sugar producers had
entered into a contract with dealers
giving them the exclusive market and
to this he had objected, because after
the beet sugar men had sold their en-.
tire crop the brands of the trust would
be comparatively unknown and would
be at a disadvantage.
They took my customers" he said,
"by unfair terms, agreeing to beat any
price that ! would make, and that Is
what ! objected to-"
Control Of Raw Sugar.
Asked as TO the control the sugar
trust exercises over the price of raw
sugars, witness said: 1T goes without
saying that company which pro
duces IS per cent OF the refined sugar
renders II impossible for any competi
tor to secure a higher price for its
product than II gets"
The examination drifting to the as
sertion OF Havemeyer that Cuban SUI
gar could find a market in England,
Teller asked:
III England Is a good market for Gu.
ban sugar why has not the Cuban
product sought that market in the
past?"
Because" was the reply, the beet
sugar product can be secured from
Germany at much less freight rates.
is II not a fact that the United
States affords the only market that
Cuba has ever had?"
NO; the United States is not tho
only market for Cuban sugar. but, ow'
ing TO its geographical position, this
country ia the particular market Tor
it; but years ago Cuba made large ex'
portations TO England, Now the
freight rate is in favor of the United
! States and against England"
At this point Hayemeyer was eXcus
ed until Monday
( For independent Refners.
Washington, May Manuel Rion
da, a sugar broker, testified before
the Senate Committee on Relations
with Cuba today. He said he bought
more sugar for the independent re
finers than for the trust. He said Ger
! HN'l Dll'N VI ohSuAs III i''
ruary and March there was reduction
on Cuban sugars below the Hamburs
price because the supply Is greater
than the demand. The Cuban sCllGI
would receive all the benefit of a re
duction OF ~uty by the United States
he said. Ii no reduction was made
there might be panic in Cuba, al
those who might have made advances
on sugar would call in their loans.
George L. Bryson, Commissioner o
Deeds OF Havana, testified that man.
large and small plantations in Cub
are owned by Americans. AS a rul
the Spaniards control the sugar pro
duction by holding mortgages on plan
tatiOns.
Oscar w. Bonner, advertising agen
for the American Coffee Company
was questioned by Senator Teller cor
corning a pamphlet entitled Fact
About Cuba" which the witness sal
he had compiled. The reading matte
was composed OF extracts from
number OF newspapers advocating
reduction of the duty on sugar. Their
had been, he said, about 100000 q
these pamphlets printed. at a cost G
$llOO. He mad consulted Mr.. Have
meyer about getting it up, The objeC
being to cOunteraCt the effect {
charges against the sugar trust. II
said that he had had many of thes
articles reprinted in patent inside
9 papers, paying for their insertion, bl
; that he had never had them printed /
other papers.
IaVemeyer's View on Sugar Tart
Washington, Nav 5.-President Ha
emeyer OF the sugar refining compan
, today continued his testimony bcrol
the Committee on Relations wit
= Cuba, He was questioned by Senate
I Teller regarding toe reduction in II
i price Of sugar al Missouri river point
, He said That beet sugar generally sol
ten points below cane sugar at Ii
; points affected. He did not object