Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-19
SUGAR TRUST SHOWING
Official Statement Gives List of Beet
Sugar Factories In Which 1t
Has an Interest.

Copies of the annual report made to
the stockholders of the American
Sugar Refining Co, generally known
as the Sugar Trust" have been re-
ceived in Salt Lake and they contain
some interesting reading For tho
first time in the history of the COM
pany, the meeting of the stockholders,
which was held in Jersey City on Jan.
u, was thrown open to the public. and
the reporters were furnished with cop
les of the detailed reports read at the
meeting. This Is in strong contrast
to the course which has prevailed for
many years past.
The report discusses with much
franknesS all the recent difficulties
through which the company has passed
and the indictment of some of it's en-
ployes for underwelghing, and says:
Your board has endeavored in every
way to facilitate the Investigations OF
the government Without the formal
ity of q subpoena, the officers of this
company, with the knowledge and ap-
proval of the board. have put In the
possession of the special counsel for
the government all books. documents.
letters and minutes Of whatever kind,
that such special counsel desired. and
have given them the freest and fullest
access to the offices of your company
and the freest and fullest opportunity
to interrogate any and all employees.
No attempt whatever has been made
to shield anyone, and your board has
no reason to believe and does not be-
lieve that any executive officer or di-
rector of this company had any knowl-
edge OF or participation in this fraud
ulent underweighing."
The report also says; "At a
time when the cost of nearly
all the necessities of life is
presistently increasing 1t Is with much
satisfaction that the board calls at
tention to the price of granulated
sugar. which has remained very nearly
stationary during the past ten years.
the average price for granulated sugar
for the five years from 1900 to 1904
In New York having been $4,S47 per
hundred, and for the five years, 1905
to 1909. s4.S2S."
The report calls attention to the
fact that its number of stockholders
is 1S,4S4, and that far from the stock
being in the hands of few people
the average holding of stock by any
one individual Is less than SO shares
Another point made is that the COM
pany is interested In only about half
of the beet sugar factories of the
United States. the total number OF
such factories being Ga. the number
in which the American Sugar Co, is
interested is 3S. and 1t has no interest
in 81 The sugar factories In which
1t is interested are listed as follows:
Alameda Sugar Co.. California;:
Spreckels Sugar Co. California; Utah
Idaho Sugar Co. Utah; Amalgamated
Sugar Co. Utah: Lewiston Sugar Co.
Utah: Great Western Sugar Co.
Colorado; Michigan Sugar Co. Mlchi-
gan, Iowa Sugar Co. Iowa; Carver
County Sugar Co. Minnesota;
River Sugar Co. Michi-
gan: Continental Sugar Co. Ohio.
The report also states emphatIcally
that the company has no interests
whatever directly or indirectly in
Cuba. Porto Rico, Hawaii. the Phil
lippine Islands or any foreign coun-
try.
The board also expresses its salts
faction that the operations of cane
sugar factories and the beet sugar
are showing better results |
than at any time in the history of !
the company.