The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1911-08-02
HIS SUGAR TARIFF
Continued from page nine.)

| NOUuJluueu lIOLu page uluGsJ
"My father" he said, established a
beet sugar refinery at jacksonville
Cal, soon after he became interested
in that branch of the industry. 1t
paid ~ per cent the first year. Its
! profits the second year were so per
cent. He was then paying "a a ton
for beets Then he went in with the
Havemeyers and the trust The plant
soon afterward was dis hantled
I'm order to make a profit for them
/ selves, the farmers wanted a little
more than "a ton. Havemeyer
would not pay them any more. The
result was that they converted their
best fields into orchards which pay
them better and there were no beets
TO be had in that part of California
after that"
"Why have you, as we understand,
spent $4,000 in promoting the free
trade campaign for sugar that has
been going on for the last year?" in
quired Representative Madison, as if
to say, now I've got you"
Primarily because l want to en-
large the market for American sugar."
promptly responded Spreckels.
Through suspicious relations with
the railroads the sugar trust is max
ing it very hard for the Federal COM
pany in this country. We find it i'm
possible to get west Of the Missouri
or south of Georgia.
I'VE are met at Missouri river
points by the beet sugar trust, which
J feel confident is under the control
of the biggest trust, known as the
American Sugar Refining Company
and not far below the north line Of
Georgia we are met by the big trust'a
subsidiary at New Orleans or its re.
fineries in this territory.
Would Take Chances.
Il am certain that if you will force
the sugar trust to show all of it's
books and records you will discover
that it receives monthly financial and
operating reports from the beet sugar
refineries in Michigan and throughout
the West, wherever they are. This
ought to convince you of the close re.
latlons between the beet sugar inter
ests and the trust. Under free trade |
would be only too glad to take my
chances Of getting into the world S
markets and holding my own. Free
trade would not appreciably increase
imports. 1t would double the con-
sumption of sugar in this country by
making it cheap enough to encourage
the building up of a great industry in
the canning of fruits, the manufacture
of jellies, jams, marmalades and so
forth.
Millions of dollars worth of fruit
goes to waste every year in the
United States because the things /
have mentioned are manufactured
cheaper in England, for the reason
that over there sugar prices are
lower"
He told how, after his father had
permitted the trust to get control OF
the Spreckels refinery interests on
the Pacific Coast, he had purchased a
sugar plantation in Hawaii, owned by
a corporation He paid ten cents a
share for the stock. Within four
years he sold more than half of this
stock for $40 a share and the re.
mainder he sold for $50 a share.
Then Took a Rest.
81 made about $2,OOO,OOO out of this
deal" Spreckels said nonchalantly and
as if he were bored, "and then l went
to Europe for a rest. When l got
enough rest l came back here and or
gained the Federal Refining Com
pany. We started with a capitalize
ton of $1O,OOO,OOO Maybe you want
to call our common stock water. But
it is now worth par and I would not
sell the plant for $4,000 900"
He also described how the sugar