Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-12-16
Cost To Beet Men

ont years the cost varies according to
the abundance of supplies. the length
of time we can run and the quality Of
the beets, but the average is little
over 81 per hundred. The average
selling cost for the past FIVE years was
given by Mr.. Hathaway Ps $4.35 hun
bred. In some cases The sugar fac
tories have been able to sell In more
advantageous markets than others,
but think an average Of $4.35 to $40
would practically represent the net
return from what we have manufac.
tured and the average that the sugar
factory has manufactured. That leaves
d margin of profit which must pay all
the interest and returns on the invest.
ment. all the depreciation In the plant,
Of 40 cents a hundred pounds. We
have a maximum protection under the
Dingley tariff Of $16Sh per hundred.
Now II you wish to encourage CAPT.
tai to remain employed In this bust.
ness. how much possible reduction on
the present Dingley tariff could be
made. unless you wished to cut the
throat of this industry. unless you
wished to drive II out Of existence? I
think 1t must be perfectly evident to
every member Of this committee and
to every man who considers for one
instant the question Of protecting and
encouraging business In this country
that we absolutely can not stand any
reduction Of the present tariff We
have already suffered from the gen.
erous way In which we have treated
Cuba. We have submitted to a 25 per
cent reduction for our friends, the
Philippines. We are asked to do more.
! am not willing to take second place
TO anyone In the recognition of the
obligation We owe to all these prov.
inces upon which we have enforced
our guardianship, but do not believe
that that all ought to be paid by any
one industry. | believe we can be
generous after being just. and be.
lieve that the possible development OF
the beet sugar industry In this country
to a point where we can furnish, to.
gether with the cane growers OF the
South. all the sugar consumed here IL
worth the serious attention and the
honest consideration of Congress al
every stage Of this investigation.
did not come Intending to give any
statistics. l think the danger gen
orally is in these Investigations that
.! tho rom ynittaa 10 h,ria,l ,,,do, ,tott,
tics and unable to get out; but I have
stated what I believe to be the real
question involved. that II We wish this
industry to continue 1t must certainly
rot receive any unfavorable consid
Grafton. in determining the tarif
schedule.
Difference in Price
]. Mr.. Underwood; What Is the DIFF
ference in the price of sugar In tn,
zone in which you operate--the pric,
at which you sell sugar and the pric,
OF Hamburg sugar with the tariff an,
the freight transportation added?
Mr.. Smith; We are obliged to sci
sugar, Mr.. Underwood, on the basis o
the New York quotations made by tn,
cane refiners, less what has come /,
be recognized as the differential be
tween cane and beet sugar-that Is Il
, cents hundred. That is the recogniz
. ed differential. 1t Is frequently less.
n Mr.. Underwood; But you can ad,
) the freight rate from New York t
your zone?
Il Mr.. Smith; True; but we shi
/. quite large portion of our produc
. to point where we have to pay a
!. much freight as or more than we I'D
!. from New York. But the differenc
Q is at present on Hamburg sugar abou
5 55 cents. think.
9 Mr. Underwood; Can you give m
5 the fgures--can you estimate II there
4 ] am asking for information. What
( the price OF Hamburg sugar In tn
:. zone In which you operate, that Is tn
Q present Hamburg price. ocean freigh
I domestic freight. and insurance added
: which OF course would be the sellin
|. price here, with the brokers' commits
4 sion added?
MI Mr.. Smith; Our friends, the refil
n ers, have been engaged In little wa
It for which the beet sugar people ar
h paying the expenses, largely, durin
II the last few days, and do not kno
:. what their price on sugar is Just now
al Mr.. Underwood; That Is the re
d son ] asked you, because | presun
g that the competition you are meetin
e is from the cane sugar interests.
n Mr. Smith: Entirely.
Ell Mr. Underwood; Who are refiniI
n raw Cuban sugar; and wanted
Al get before the committee, II | coul
n. what the competition would be fro
n Hamburg sugar with the freight rat
o. insurance, and brokers' charges adde
he II the competition did come that wa
,s which recognize 1t does.
wi Mr.. Smith; II the competition d
= not come from Cuba?
,r Mr.. Underwood; Yes: II you h,
at competition from Hamburg, say toda
ar or whatever day at his time you kno
re the price, can you give the commits
M the Hamburg Drice of sugar add n