New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-09-25

successful although a number of practical men
and scientists declare that it is feasible
Head and front OF the sugar industry in the
United States is the American Sugar Refining
Company which was incorporated I'm 1891 20
take over the properties Of the Sugar Refneries
Company whose object was to control ma
jority Of the sugar refining plants OF the coun-
try
Last year the American Sugar Refining Com
pany melted and treated with it's purifying proc
esses over 45 per cent OF the total amount OF
sugar used in the United States. The company
is capitalized at 10000. 600. half of which is 7
per cent cumulative preferred and half COM
mon The company owns refining properties
on both sea coasts and in Louisiana, as well as
several other concerns whose product or use Is
associated with the purposes and operations Of
the rchneries.
me American Sugar Refining Company Is in
terested largely In the handling OF beet sugar
and according 20 recent reports, owns about %
per cent OF the factories engaged in making
beet sugar In the United States All the prom
erty Of the company is located on territory O,
the United States. although formerly the COM
pany owned certain docks and warehouses in
Cuba. These. however. have been turned over
TO another company
The stock OF the company has paid as high
cent During 1908. year when business was
not good the company added TO it's surplus fund
'@o2sSS after paying per cent on $50. OOO. 900
OF stock. There are no bonds outstanding
against the company.
The total assets OF the company according 20
recent report. are $3.50. S52 100. including sur
plus fund investments OF over $4,000 900 Tho
company is a citizen OF New Jersey and the
officers are as follows: W. b. Thomas, presi-
dent; Arthur Bonner. vice president and treas
urer; c. r. Heike, secretary
Next TO the American Sugar Refining Conn
pany In size In this country is the National
Sugar Refining Company. This concern took
over the plants OF the MoTIcnhauer Sugar REIN
ing Company OF Brooklyn; the National Sugar
Refining Company Of Yonkers and the New
York Sugar Refining Company of Long Island
City. when it organized I'm 1900 under the
laws Of New Jersey The capacity OF the COM
bined plants is about 1900 barrels or SOC. 600
pounds of sugar. a day
The company is capitalized at $4,000 600. d.
vided half and half in 6 per cent cumulative
preferred stock and common. There Is no
bonded debt. Dividends on the preferred issue
have been paid regularly since the first dividend
period after incorporation The officers OF the
National Sugar Refining Company are. PresI-
dent. j. H. Post vicepresident and treasurer.
r. D. Mollenhauer and secretary c. r. Bunker
The company is an Incorporation Of New Jersey
The third great sugar company Of the United
States is the Federal Sugar Refining COMPANY
of New York This company was incorporate ed
In 1907 for the purpose Of refining sugar mo-
asses and other materials containing sugar ana
molasses. Under its charter it is allowed 20 ac-
quire and use real estate and personal property
and to do all such things as are connected with
and moasses
II Is also allowed wide latitude in the collateral
branches of the business. The company is a
successor to the Federal Sugar Refining Com
pany OF New Jersey the outstanding common
and preferred stock in which were purchased by
the New York corporation by exchange on an
equal basis The new concern also took up the
obligation of paying the arrears of Sc a share
which were due on the preferred stock OF the
New Jersey company at the time OF purchase
One of the assets OF the New Jersey company
was the entire issue of capital stock OF the Fed
eral Sugar Refining Company of Yonkers.
amounting to 100000
The capitalization of the company Is Sc. 666 200
common. and 1888. 800 is per cent cumulative
preferred. upon which regular dividends have
been paid. The common stock has paid no divI-
dends.
The sugar industry Is one OF the most i'm
pOrtant in the world. and Is growing more i'm
portant with each year. Early in the Christina
era sugar was rare luxury. and an infnitesi-
mally small amount OF ii produced for tho
pleasure OF small circle OF very wealthy con-
sumers. The sugar plant is indigenous to the
East Indies. and was transplanted to the West
Indies and tropical and subtropical America
soon after development OF this hemisphere was
commenced.
The plant flOurished on this side of the world.