Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-12-16
WHY BEET SUGAR GROWERS MUST HAVE
PROTECTIVE TARIFF
CONTINUED from Faye o.

on with regard to prices, you with
your 100000 of investment would
not have very much show Of driving
the American Sugar Refining Com.
pany out of business with its 800, 600.
coo of capital, would you?
Mr.. Smith: No: we would hate to
try Il unless we were sure of succeed.
ing.
Mr.. Fordney: In other words. you
can not AFFORD to get into war with
the American Sugar Refining Com
pany at any time?
Mr.. Smith; No. sir: we have a.
limited season and comparatively
small output. and most Of the time the
market Is necessarily controlled or
dominated by the refners, who take
care of so per cent of the entire con.
sumption of this country. 1t would be
an impossible competition.
Mr.. Underwood; What per cent did
YOU state was controlled?
Mr.. Smith; said about so per
cent.
Mr.. Fordney: Based on the Ding
ley rate Of duty. there Is about mil.
lion tons of sugar that comes into our
market from Porto Rico. Hawaii, and
Cuba.
Mr.. Smith; Yes.
Cuban Sugar Effect,
Mr.. Fordney: Twenty per cent Of
the sugar of Cuba comes in free. and
the rest pays the regular Dingley duty.
If the duty Is charged on imported
sugar any at ALL II II is changed down.
ward, how would you feel about your
investment? ....
Mr.. Smith: would like to dispose
of II before was subject to an assess.
ment.
Mr.. Fordney: At less than 100
cents on the dollar of what It cost
would you not?
Mr.. Smith: Certainly. should
consider that the investment would be
worth practically nothing II this tariff
| was materially reduced. II Is the best
that any average sugar company can
possibly do now to pay from to o per
''"' '"'''es' "" INC investment u
you reduce the protection and conse.
quently reduce the margin of profit
down to, say, 40 cents hundred
pounds, II would mean the operation
VI 'ne i"c'ories NJ an apso'u'e loss
ana ! shoulu want 10 get out OF the
business at once and lose II all In q
hump anu u! 10 get INTO something
eise r"'her IMAM lose II III annual III
WI ro'oi'ey ~ W" ,h'nh .ha'
,' '"' 'ap''a' 'o"'o oe 'no"ee" ~
" ~. "'. a"e"' ,"''o''e' !" 'he
,,"'' ,.,,,. = VI. ""'' VII '''po''e" S"sa'
A. Sn,I,h. w., 81.
| No., En,,,.,,,. 49,
al rot II w,r,, ro,,ai,, ,,auao
Mr. Smith. yas s,r. 40 u,o ,,,
fool any auhs,,n,io, ooredoro. ~ ,ha
good faitb nj any .nch n,adgos
| Mr. Fordnsv. That 20 oy
Mr., Crumpocker. 10 n nossih,. mr.
practicable IN nowder hoo, s,yoro
Mr., Smith. Yes. sir
Mr. Crumpacker: To mt II IN n
powdered sormo
Mr.. Smith: II can he. YES cir
Mr.. Crumpacker: Or in the form
of cubes, so as to meet the require.
ments Of the market?
Mr.. Smith; Yes, sir.
Mr.. Crumpacker: why do not the
beet sugar manufacturers put It in
these different forms so as to meet
the requirements of the trade and be
free from these disadvantages they
are under now?
Mr.. Smith: For the reason that
that class of sugar is never marketed
In carload lots. 1t is shipped In
mixed carloads. 1t requires a very
much larger and more diverse client
age to take any considerable OUTPUT
of that class of sugar than the beet
sugar people have. They market
their sugar almost entirely in cal
load lots and in the larger centers of
trade. In other words. It would in
volve very expensive selling organ
ization to take care of that variety OF