Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-10-04

!, came, That would eI1ectual1y uetei
them from going hack into the bust
ness, even though the price was at
:. ltractively high In the spring. 81
Il Senator. Reed. Has not that condi
ton existed every day since they
grew a beet in this country. just as il
exists now? ST.
afr. BalIou. No. sir. The power Of
dropping IL }
{ Senator Reed. II the power exists
now to crush and destroy a great in.
dustry backed by millions Of capital
going into the refining business, by
temporarily dropping the price, why
did not the same power exist to de.
stroy the beetsngar industry by tenn.
porarily destroying the price?
/ Mr.. Ballou. They tried II, and they
icould not destroy the beet-sugar in.
dustry. They dropped the price 2
cents overnight, II my memory serves
me correctly. !. .-ssrS 3 -. = :
4 Senator Reed. And they probably
would try 1t again with equal lack OF
success. =.
Senator Nelson. VIII you permit
], me to ask a question right there?
Senator Reed. Yes.
Senator Nelson. II has been repre-
scented TO me In the past that this Re-
filming Trust were In the habit, when
/ beet sugar came on the market each
year, Of depressing the price, and
then after the beet sugar crop had
been disposed OF, would raise II again.
Mr.. Ballou. have heard DR.. Wiley
testify to that. That Is the general
course of business. Now, how much
of that Is the voluntary or deliberate
dropping
Senator Nelson. Excuse me for go
ling on. l want to bring out that
point
Mr.. Ballou. How much Of that IL
deliberate drop of the price,. for
the purpose of affecting competitor.
and how much is natural. owing to
lack of demand, i can not say. That
| Is to say, IL the refiners have no de-
mand, they will naturally put their
price so that they can get demand
that will move their sugar against the
beet sugar. So from natural causes
that depression which you have de-
scribed would take place to some ex-
tent. have no knowledge Of whether
| it goes further, and Is deliberate on
the part Of the refiners or not
Senator Reed. Have you finished
your. examination, Senator?
.enator Nelson. Yes.
Senator Reed want to come to
| the financial end of this business. You
have no statement made up?
Mr.. Ballou have no statement
made up. can make one up II /
have time
Senator Reed. Yon have brought in
here your cheek book?
Mr.. Ballou Ny personal check
book? S.
senator Reed. And see your own
personal, family expenses and every
thing are mixed up with It Z
Mr.. BaIlou.t Yes.
Senator Reed. We have no desire
| in the world, am sure, to 60 into
those matters, and 1t seems to me
that 1t would be a very tedious UNI.
Idertaking to 60 through It IN this
form.
Mr.. Ballou. Might Il suggest that
| If you could appoint q clerk or some
accountant to audit 1t would be-
Senator Reed. No; / was going to
suggest that you make your own state
ment
simplest way is to let him make up a
statement, and then have some clerk.
of this committee be with him to see
that he makes up correct statement.
Mr.. RaIlou. Ny disbursements have
only been to four different sources.
That Is the reason have kept them
without a separate account. Most Of
these have been regular monthly
payments.
The Chairman. ii see the name Of
b. H. Fowle. Who Is he?
Mr.. Ballou Unfortunately, he Is my
landlord. He. runs the Connecticut
Apartments. "
The Chairman. I notice you paid
81. 500 to the Public Service Press Co.
Mr.. Ballou. paid $4,000 month
The Chairman. About $4,000 or
SIS, 900 altogether?
Senator CHmmins. Let US have this
statement made up. and not take the
time of the committee.
Senator Reed l think that is right.
Mr.. Ballou. AS | say, can give you
the items They are so few in num-
Der that can give them to you now.
telling the persons, to whom ] have
paid money, and afterwards make up
a detailed statement.
Senator Reed. Let us have 1t in
that way. Please go little slow
in stating it, so that can get it.
Mr.. Ballou began in April, as l
have stated, April, 1912, and contrib
uted at the rate of $4,000 month to
the United States Beet Industry; that
Is, Mr.. c. c. Hamlin, of Colorado
Springs. He is a nephew of one ,of
the Wyoming Senators. He was chair
man of that or president of that as
sociation. Mr.. ]. N. Harper, of Cleve-
land, is now president Of the Beet
sugar Association. They were run
ming this educational and publicity
campaign, and at first merely con-
trtbuted to their fund.
Senator Reed. How long did you
continue to pay them $4,000 month?
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