The weekly Iberian. (New Iberia, La.) 1894-1946, 1915-04-17

practically prohibits expectation
on Lara Q scale
They pastsi heir fraudulent
statements. i tended solely to de-
ceive. upon the head Of every bar
rel that lefe rhp refinery and In
serted in every pound package Ut
sugar "A circula, Nas ing that II the
Duty was II III, vtd the Housewife
Gould Secure thai Same Sugar at
a Saving Of 2 Gems "A Pound.
Millions of people were deceiv-
ed a great c'amor arose through
ont the country for cheaper sugar,
and while the work OF revising the
tariff was in progress these refiD-
ers sold their output Mt loss 10
order TO further The deception.
They knew they could make up
their losses later after Congress
had been trapped.
This ia proven by the course of
this identical Federal Sugar Re
fining Go. II Lost no Much Mon
ey During its Campaign for
"Cbeap Sugar. that it was Com
PEELED to Skip the Usual Dividend
on lts Common Stock; and Oh Jan.
uary Z, 1914, Its President, CLAUS
A. Spreckels, Lowry's Employer,
issued statement IN which he
explained the suspension of the
dividend by saying:
"This is due to the fact that
during the past few months the
margin between the cost of raw
sugar and the price at which re.
fined sugar has sold has been too
small to justify dividend on the
entire capital stock.
"Tbe Company will Resume the
Payment on Dividends on it's com
mon stock az soon as The normal
difference Between the Price Of
Raw and Refined Sugars is restor-
ed, and the Directors Believe that
Such Resumption will Occur
Very Soon"
They knew precisely when this
resumption would occur, since
that event depended solely upon
the determination OF this same 10
tiniDg combine. Yet in the tissue
of falsebood issued yesterday this
statement was made:
"During the first six months of
1914 consumers in the United |
States bought their sugar lower
than ever before, the average
price of refined sugar being 3 ~
cents per pound. THIS
was a matter Of general comment,
aud was Equally Gratifying to
Manufacturers and Consumers.
The duniicity rracticcd by the
Sugar Refining Trust rs soon az
the European war broke out was
explained to this House by the
gentleman from Michigan Mr..
fOfunei lew DAYS ago.
They seized upon 1t as the op
not only TO rec0up III!
the losses that had been incurred
while campaign, y for "Cbesper
Sugar" but TO aGd millions to
their already swollen aud tainted
fortunes.
They doled ont a barrel Of sugar
to each retailer in August on the
pretext that their supplies were
limited, but IN October, when they
attempted to dragon the Loulsi.
ana farmers into accepting less
FOR their crop than it was worth,
hey brazenly exhibited ware.
houses ia all the distributing cen.
ters which were glutted with su.
gar.
One Of the Most Infamous Fea-
lures Of thu Unwarranted Rise
they Forced In the Price of Sugar
Last Summer was the Loss they
Occasi0ned the Housewives and
Farmers of this Country. They
began forcing up sugar early In
August, when the good women of
America were on the eve of can
ming and preserving fruits and
vegetables for the coming year.
As q result Of this chlcanery thou.
sands of tons Of fruit were allow.
ID to spoil, millions of dollars
we're wasted, and the very people
whom they had deceived into be.
ieving that they would furnish
cheaper sugar were made the vic.
inns of their greed.
But such practices on the part
# the Sugar Refining Trust, which ,
. now seeking TO cast doubt
1pcn my motives, are not to be
wondered at, when 1t Is remember.