Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-08-01

man from Michigan Is minutes more
Mr.. Fer6neyI thank the gentle
man. in the State Of Michigan we
4 have 16 factories. Fifteen OF then
will run this coming year. Some are
more fayorably located than others
In other words. in some localities
they have a larger yield of beets Eel
acre and a larger percentage of sugar
in the beets than in other localities
II may be true that some of these fac
! tories that have gone out of commits
sion are least tayorablys situated in
that respect. 1t Is not so IN tine State
Of Michigan.
Mr. Adair-In Michigan?
! Mr. Fordney-ln Michigan; yes
Now. further. it is possible that the
Michigan Sugar Co. may have made a
profit. They have the most modern
method of caring for their by-products
Whether they have made a profit has
not been shown yet. That may be
shown by this investigation that is
going on now. l have tried to get the
result of that investigation, bu: have
not succeeded. But there are IL fac
| tories that have gone out of business.
Before you is an enlarged photograph,
which is scample of the factories
| that have gone out of business since
| the first of the year; IL out of "A,
or 16 per cent of all the beet-sugar
factories in this country Do you be-
lieve that, with an average of $1,000
900 invested in each one of these fac
tories, the stockholders would let
them go out of business if they could
make money? If so, get into the bus
mess and try it and you will find out.
Mr.. Adair-Will the gentleman yield
just there?
Mr.. Fordney-I will; yes.
Mr.. Adair--It was stated by the rep
resentatives of the sugar factories
when this matter was btfore this
House that even at reduction to 81
per hundred they could continue IL
the business and make money at it.
Mr.. Fordney-Fhey thought they
could Now. if the gentleman Will
get me more time. should like to
argue this out with him. -.
Mr.. Adair-One of your own fac
tories, in your own State, made as
high as go per cent profit
Mr.. Fordney-Oh, my dear friend,
there is no such statement on record
that have ever heard of, except from
your lips
Mr. Adair- have heard of it. -.
Mr. Fordney-And sat five months
taking testimony on a special commit
tee investigating sugar, and nothing,
of the kind was ever shown. "A
Mr. Adair-I have the statement
from a gentleman in the business who
is stakeholder in the concern.
Mr.. Fordney-Point him out to me,
and ! will show you white black
bird or a man trying to create psyche
logical prosperity, one of the two. The
beet-sugar manufacturers have not
made any money of late. Some have
made money in sugar beets, but not
under existing conditions. ii
Mr., Adair-That was an unusual
year. and nothing was set aside for
depreciation.
Mr.. Fordney-That might be true
in some particular year, as to some
particular factory, when the crop was
an extraordinary one and the percent
age of sugar in the beets very high. 1t
does not cost any more TO extract II
or IL per cent of sugar from the beets
than 1t does to extract IL per cent,
but 1t makes a very great differenc e
10 the manufacturer what amount eff
sugar is in those beets. Now, let me
call your attention to this: Mr.. Will
son said in his campaign that he
would injure no legitimate industry.
Mr.. Ansberry-Will the gentleman
yield for one question? :..@
Mr.. Fordney-Let me finish this
statement.
The president stated that he would
injure no legitimate industry. judge
that he meant by his remarks that
through his political action he would
injure no legitimate industry. / want
to ask the question: Does he con-
slider this a legitimate industry al
though it is dollhouse industry? IL
so, then the IL factories that have
been closed by his signing OF the I'm
derwood tariff law, II factories repre-
senting an Investment of about $12,
100000 which have been closed GER
tainly is an injury to legitimate in
dustry. ~. .....
There is, a sample, gentlemen The
factory alone is not the only benefit
that comes to the masses of the peo.
pie from the sugar produced in our
factories. The land on which beets
are raised produces more abundantly
Of other succeeding crops. 49,.
Mr., Ansberry-Will the gentleman
yield? ..... &c.,. 49,. g. :.~-.
Mr.. Fordney-I will yield to thel
gentleman for question.
Mr.. Ansberry-7Is the gentleman
familiar. with the fact that a geet-
sugar factory has been promoted and
built and is now running in Toledo,
Ohio, with a capital of $4,000, 900, all
of which was supposed to be invested
in ii, and that the factory was started
after the Underwood bill had been In
troduced into this House? #.s
Mr.. Fordney-I believe that is true;
but the factory had gone so far be-
fore the enactment of the Underwood
tariff bill that ii could not stop.
L.