Daily press. [volume] (Newport News, Va.) 1896-current, 1909-01-10

hounds Therefore the duty on
bag at FIVE cents pound. would
average $3.50, and the total duty on
the HOO. 900 bags would be about
$77.2O0.0O0.
or the coffee in the warehouses In
this country and afioat consigned to
America, 100000 bags belong to the
Brazilian Government, but are heid
by the spectators As collateral TOT
the loans growing out of the valori-
cation plan OF Soa Paulo now guar
anteed by Brazil. OF the 100000
bags of coffee stored abroad in the
warehouses at Havre Bremen Ham
burg and elsewhere practically al
Is "valorization" stock held by the
specuhtors who are guaranteed five
trer cent interest on their risk. A
considerable portion Of the conee
stored in Brazil Is also "valorize1.
Could Be Rushed Here.
All Of this immense stock of cof-
fee could be shipped to the United
States and put in the warehouses
here on thirty days notice of I'VE
cent tariff impost. That i: would he
shipped is the positive state
ment OF leading coffee brokers here
VIII unite in saying that in TINS
quick ana easy way supply Of Bra
ZiIion coffee sufficient 10 last 'he
American consumers nearly Two
wears would be rushel here on III"
very eve Of the imposition of the tax.
The coffee consumption in the Il INTEL
, States in the year ending Jun" ~
1908. was ..U43 900 bags.
The result would be that the ln'fd
States would lose at least $I'."oe.""J
in coffee duties. Nor is there 1T!
doubt. according to leading coffee G''N
| ers, that coffee would advance i've
cents a pound as soon as the five
cent duty was imposed thereon. Thn:
the American consumers would pu'
up the $4,000. 900 which the Ani"~i
can government was losing-into the
hands Of the coffee sEeculatcTs.
TIE fac; that the "valOrizeJ' cot
fee is hell as collateral for money
advanced 10 the Brazilian Go"erE
quick shipmerA here. 1t is pointed out,
inasmuch as quick sales at an ad
yanced price are the very things 'at
| yalorizers are after by that method
only could the whole gigantic deal be
! rapidly Hauijaied.
what the valorizers want ss'1
big coffee broker. is good caS'
price for their product and an Amen
can import duty to boost IN" price,
Is the very thing they want. ihs
, Braziiians are not worrying as
whether Uncle Sam gets the tarin ~
thinks he Is going TO get. In mos
cases Uncle Sam collects his iat'h
. from the consumers. This time hs
! will not get II from anybody
Mr. c. Arndi. Of No. - wa
, s,reet vac unable 10 say yesterd .,
what the penalty would b" or no "
lie DIAL could be stopped II inc NJ"
, crs # tine coffee as collateral were
; 70 siupiy ship II. the Brazilian Gov
e;ameat acauiesciug. he ajm'ue'
that the terms OF the alleged contTac,
under witch The bonds were ISSUE
would no. be violently restrictive.
. J a.. Lloyd. Of Artucs'e 4 Co
said that he did not see how any
one could stop IN" shipment OF ,n'
g, fec 10 this country. Other Gomez
men took the same view.
Those who arr urging tie duty o.
! coffee say france imposes duty o.
II rs cents per pound: Italy IL -
certs. spain. ~ - cents: Austris
Uurrsgy. 6 - cents. Norway tnon-re
'ciprocai,. si-is CENTS: and rec'prra'
ass cents: Greece. si-a cents: Ger
NAV Si.s ccnfs: Great Britain,
eer,s: Swecicn. I IL cents. In be'
GUM aud the Netherlands coffee en-
trrs duty free.
Scnor Tulio Lasrinasa, kcsiocn