The Globe-republican. [volume] (Dodge City, Kan.) 1889-1910, 1902-05-01
POSSIBLE MILLIONS.
SUGAR TRUST HAS ANTICIPATED
TARIFF CONCESSIONS
Long Ago Havemeyer Laid His Plans
Realizing Enormous Profits Through
the Reduction Duties 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 a 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 |
nua1 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 it
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 if MIR. Have
meyers benevolent organization sue
eeeds 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 S122,-
551, Titan increase of $12,3So.19S over
the assets of the preceding year-in-
Guided the following item:
Sugar. raw unmanufactured. etc
1901 1909 Decrease.
s12,24e,6 GAO s22.4ss. 7eo s1o.s4o.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 SIC, 24O, $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
cir led
During that time the sympathy up
roar has been in full blast, and i'm
ports of Cuban raw sugar have
dwind1ed to practically nothing
Writing from Havana under date of
March IS, Mr. Charles M. Pepper, who
| represents a syndicate OF sympathetic
newspa pers, states that 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 refln-
| 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 S12,-
| PAS, GAO worth which the sugar trust
| had hand on the 31st day of De
| cember. Compared to the quantity
| hand a year ago to-day it is prob
| able that the present stock would
| show a shrinkage of fully 1000, 900
| On that sum alone the sugar trust
would make $4.00o,00 outright
through the proposed tariff reduction
| of 20 per cent When the total bulk
of unshipped Cuban sugar is reclzoned
| 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 S4 600, 900. 1t is
ccnservatively stated at SIS, 200, 600
1t was in December 1901, just prior
TO no LII Of
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
if 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 b,
the reduction or removal of tariff du
ties on Cuban raw sugar. He did no
see fit to add that the price of refined
sugar would not be reduced unless tbs
| sugar trust should at any time decid.
to repeat its tactics of last fall ant
| put in force heavy cut in price fo
the purpose of giving beet sugar pro
duction a black eye AS we have said
| three months have elapsed betwee,
the close of the sugar trusts year 100
and the publication of the sugar trust
annual report for that year 1t was
long time to hold back the report blu
it was time well spent. During that in
terval the sympathy uproar ha
reached a volume which it could no
| have reached if the real interest o
the sugar trust lad been made mani
fest at the outset