The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1912-03-20
FACTS AND FIGURES
(ConIlnuod from page 100

market I'm the world. consuming ~
per cent of the entire worlds prodlc.
ton of sugar.
The testimony discloses that the
American Sugar Refining Company is
stakeholder in certain of the beet
sugar companies, but It is a holder Of
the majority OF stock in only one
company, and that very small pro-
Queer; in fact, one of the smallest
producers i'm the United States. The
testimony previously cited of various
witnesses appearing before the com
mittee establishes that the policy of
these beet-sugar companies is con
trolled by the local management,
which in turn represents local inves.
tors.
The testimony also discloses the
fact that the American Sugar Rein
ing Company has not been able to
dominate the beet-sugar business,
and for that reason, perhaps, is grail
ually disposing of its stock in those
companies. It is natural that this
company should dispose of its stock,
and it is probably essential because
the growth of the business is so great
that the beet-sugar companies are
looming up as vital competitors,
which in the future will curtail or
dispose of the operations of the Amer
lean Sugar Refining Company as a re.
finer. Mr.. Atkins, the present vice
president of the American Sugar Re-
fining Company, testified that he was
in favor of lower duty, and was also
in favor of selling their beet-sugar
holdings The government, through
its attorney general, has already filed
petition in the United States court
for the Southern District of New
York asking for a dissolution of the
American Sugar Refining Company
and especially seeking to sever the
connection of the American Sugar Re-
fning Company from the beet-sugar
industry. If it is illegal for the Amer
lean Sugar Refining Company to hold
these stocks that fact will be ascor-
tanned in this litigation, and the final
order in the dissolution case will com
pei the complete severance of all con.
nection between the refining industry
and the domestic sugar beet industry
This litigation will also disclose
whether or not there are illegal trade
contracts existing between the Amer
lean Sugar Refining Company and
any companies in which it is inter
ested. If such contracts are found to
exist, the court will enioin the parties
from any further operations there
under
The Sherman law was designed t.
enforce competition between natpr
ally competing corporations, and th'
government has already instituted va
rious proceedings to enforce this law
including, as above stated the film,
of a petition against the American
Sugar Refining Company and others
The beet-sugar industry and the
domestic cane industry have become
formidable factors in the sugar bust
ness of the United States and the con
sumner will be better benefited ,!
keeping alive these domestic susa
industries therefrom, than by destroy
ing them and giving to a few refner
a monopoly of the manufacture an,
sale of the sugar consumed in tn,
United States.
Underhanded Warfare.
In the course of its investigation
the Hardwick committee discovers
the only source of agitation for reduc
ton in the sugar tariff or free sugar
1t appears that the sO-called commit
tee of wholesale grocers that ha
been flooding the country and Cor
gress with free-trade literature an
memorials is a purely fictitious organ
iization without any bona fide men
bers; that this committee has neve
had meeting; that it has no dues
that all the literature and memorial
it has distributed have been prepare
and distributed by Mr.. Frank
Lowry, agent of the Federal Sugs
Refining Company, and that the el