The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1902-04-25
POSSIBLE MILLIONS.
SUGAR TRUST HAS ANTICIPATED
TARIFF CONCESSIONS.
Long Ago Uavemeyer Laid His Plans for
Realizing Enormous Profits Through
the r duction Of Dulles on Cuban
Raw Sugar.

In the annual report OF the Ameri-
can Sugar Refining company for the
year ending Dec. 81, 1901, may be
found statement whose significance
should not escape general notice. 1t
is, perhaps, too much to expect of the
sympathy and reciprocity zealots that
they will direct attention to the
state of things disclosed in this an
nual report of the sugar trust. To do
so would not be likely to help the
cause of Cuban relief" 1t would be
more likely to hurt than help, for 1t
would be certain to concentrate public
thought upon the fact that the sympa-
thetic uproar is being artfully To-
mented by the sugar trust 'for bust
ness reasons" and that II Mr.. Have
meyers benevolent organization sue
ceeds in putting through its scheme
of tariff reduction on Cuban raw sugar
there's millions in it." From the
sworn annual statement of the sugar
trust it appears that on the 31st day
of last December the assets of $122,-
Sol, Titan increase of s12,3S0, 1913 over
the assets of the preceding year-in-
cluded the following item:
Sugar, raw, manufactured, etc.
1901. 1909 Decrease.
$12,24s,64O s22,4SS,79O $1O,24O,15o
Commenting upon this showing, the
New York Journal of Commerce,
hot gospeller for Cuban relief" Is
frank enough to say:
THE item of sugar, raw, unmanu-
featured, etc, is given at $12,24S,64O,
a decrease of $10,240, $50. From this it
would seem that the company has
been carrying a smaller amount OF
raw sugar than usual at this season,
a move than finds explanation in the
anticipated reduction in duties on Gu
ban sugar by congress"
Nearly three months have elapsed
since the annual report was filed.
During that time the sympathy up
roar has been in full blast, and i'm
ports of Cuban raw sugar have
dwindled to practically nothing.
Writing from Havana under date OF
March 10, Mr.. Charles M. Pepper, who
represents syndicate of sympathetic
newspapers, states that 1.-The ship
ments of sugar last week from the
port of Havana amounted to six
sacks"-that is 1920 pounds, scarcely
enough to keep the sugar trust REIN
cries busy for one minute. So it may
be safely assumed that, at this rate OF
shipment, there is precious little raw
and manufactured sugar remaining
on the 2Sth of March out of the ST.
24S,640 worth which the sugar trust
had on hand on the 31st day of De-
cember. Compared to the quantity
on hand year ago to-day it is prob
able that the present stock would
show a shrinkage of fully $4,000, 900.
On that sum alone the sugar trust
would make 100000 outright
through the proposed tariff reduction
of 20 per cent. When the total bulk
of unshipped Cuban sugar is reckoned
on the same basis it will be seen that
the sugar trusts grab out of the sym
pathy fund becomes a much bigger
thing than merely $4,000,000. 1t is
conservatively stated at $15,000,0OO
1t was in December, 1901, just prior
to the making up of its annual report,
and fully three months before the pub
LEGATION of that report, that the sugar
trusts literary bureau started the
Cuban sympathy uproar in the shape
Of the Willett & Gray circular setting
forth the enormous saving that would
be realized by the American consumer
il congress would reduce or remove
the duty on raw sugar from Cuba.
Since then Mr.. Havemeyer has public
ly stated that the price of refined sug-
ar to the American consumer would
not be in the least degree affected by
the reduction or removal of tariff du-
ties on Cuban raw sugar. He did not
see fit to add that the price of refined
sugar would not be reduced unless the
sugar trust should at any time decide
to repeat its tactics of last fall and
put in force heavy cut in price for
the purpose of giving beet sugar pro-
duction a black eye. AS we have said,
three months have elapsed between
the close of the sugar trusts year 1901
and the publication of the sugar trusts
annual report for that year. 1t was a
long time to hold back the report, but
it was time we'll spent. During that in
terval the sympathy uproar has
reached volume which 1t could not
have reached If the real interest of
the sugar trust Lad been made mani
fest at the outset.