The times. [volume] (Richmond, Va.) 1890-1903, 1902-05-03
BUYER WOULD
Get NO Benefit
Trust Officers Testify Before
Senate Committee.
MADE mo ADVANCE OF MONEY
Sugar Company Took No interest in
Having Duty on Cuban Sugar Re-
duced-Did Not Know About
the Stockholders.
MADE mo ADVANCE. OF MONEY
(By Associated Press.}

WASHINGTON, May 2-Arthur Don
nor, treasurer of the American Sugar
Refining Company, to-day testified be-
fore the Senate Committee on Cuoitn
relations concerning American holdings
of Cuban sugar. He said that Mr.. Have
meyers statement yesterday to the eff
Get that his company mad purchased
% 900 tons of sugar since the first OF jan
uary last was correct NO Iiiote Sup:tn
sugar could have been bought, as none
could have been purchased without MS
knowledge az treasurer OF the company
Senator Piatt called atteneion to
the discrepancy between Mr. lave
meyers statement as to purchases nav
ing amounted to 5000 tons and the re-
turns made by the War Department
piacing the American company op.;c-i
al S2o5 tons up to March 18th, but Mr.
Donnor was nuable to explain 1t.
Responding to questions PIT by Sem
ator Teller, MIR. Donnor confirmed Mr..
Hdvemeyer's statement that OF tnt
trusts purchases Of Cuban sugar. 4o9tJ
tons still remain in Cuba. He said also
tlut his company dealt entirely with
bl okers. and did not knew the names of
the producers. The American company
had made no advances to the Cuhan
planters and had not advanced my
money to the Cuban banks for the plant
ers While he did not know. he SAID. he
presumed .here We're other purchasers
of Cuban sugar beside his own company
in the field. He said the trust mad no
realty holdings in Cuba.
TOOK NO INTEREST.
you has taken some interest IN Sc
curing a reduction of sugar duties y
Congress. have you not?' asked Nlr
Teller.
Il have not" was the reply.
far
know. has the American Sugar Refining
Company taken any interest whatever
in favoring or opposing the reduction OF
the duty on Cuban sugar
NO. sir. I don't think 1t has"
Senator Teller: "You speak of it as a
cCrpuration?
Yes
'.Do you know whether inc stockhoia-
ers have taken any interest us .,.cn i'll
The reduction?
.'I don't 1 know nothing about It.
Henry c. Mott. purchaser of raw sugar
for the Trust. was the next witness lie
said he had acted in that capacity for
the past five years. and that he buys all
the raw sugar for the company, except
the Louisiana sugars. He confirmed pre-
vious statements that the Trust had
bought $4,000 tons of Cuban sugar since
January list.
Mr. Mott also said that in the course
ot the year the American Company proha-
bly, purchases SO per cent. of the Cuban
sugar produced, and that he supposed the
ether so per cent. is secured by other SUI
gar refiners in the United States.
Senator Plat: Suppose there should be
a reduction OF Cuban sugar duties. would
the buyer get the full benefit of it or any
part of the benefit"
The witness: 1.-THE buyer would not
get any part of the benefit. The reduction
would not make any difference in the pur-
chase price. The benefit would accrue TO
the Cuban seller. the holder of the SUI
gar. The experience with Porto Rican
sugar, which comes in free, justifies that
conclusion
During the proceedings Senator Plat
referred to the legislation pending in the
House as intended to give reciprocity.
Senator Teller took issue with him, de-
claring that Congress is preparing the
way rather to make Il gift. Mr.. Mott had
not concluded his testimony when the
committee adjourned until Monday.