Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-06-27
'SUGARBEET JOE FORDNEY WANTS
DOMESTIC SUGAR WELLPROTECTED

The American Economist of June 1
reprints from the Confessional Rec
ord an interesting account of the spirit
ed debate in Ccngress May % over
the amendment (finally defeated1 TO
the war revenue bill. offered by Mr..
Lenroot of Wisconsin. substituting a
consumption tax for thes10 per cent
Of increase OF. the tariff on sugar Mr..
Fordney Of Michigan. speaking to the
amendment. said in part:
IL the gentleman's amendment is
|prt into effect. he complies with. the
demsnds Of Mr.. Frank C. Lowry OF the
Federal Sugar Refining Co. Of New
York. who has spread broadcast over
this land MISREPRESENTATION and posi-
tive downright misstatements OF facts
about sugar. refer to Mr.. Lowry,
not to my good friend from Wisconsin,
who is EXCITED and misinformed that
is all. (Laughterl.
Let me fret say. gentlemen, that
Ender the Payne tariff law the duty
upon sugar coming from Cuba was
- cents pound. Cuba had then a
eferential rate, as it has now, Of 20
eaT cent below the full duty paying
sugar or the duty paid on any other
ticle OF imports. Under the Under
oad tariff law as it Is now written
1911 duty-paying sugar pays. in round
numbers, 1.26 cents a pound. There
lore the Cuba sugar Is imported at i
cent per pound. Mr. Frank G. Lowry.
secretary and sales agent of the Fed
eral Sugar Refining Co. Of New York,
has been very industriously circuIat-
ing literature among members Of Con-
gress for several years past, claiming
that duty on sugar Is highway rob.
berry.
aSince the LIST day Of January Of this
year, q time when most Of the domes
tic sugar had gone Of the market.
the margin increased until Mr.. Frank
G. LOwry's concern, the Federal Sugar
Co, since the 9Th day of April, has
been holding margin Of 2A cents a
pound between imported raw and re-
fined sugar, and the average margin
since the LIST day OF January down to
the 18th Of April has been 2.17 cents
rer pound. The refiners Of this cour-
try want to put out of business, as
my beloved friend from Wisconsin
EfMr. Lenroot) wants to put out Of
business the domestic sugar industry
Of this country.
stiiyhwsy Robbery
Prior to the war in Europe, Ger.
many made for export from million
ind half to two million tons Of sugar
and supplied England with her sugar.
England came here at that time for
d very small portion Of her sugar.
Immediately upon the declaration Of
war England could get no more sugar
from Europe. France making none for
export. and the price Of sugar went up
immediately In this country, because
the second day after the war began
Great Britain made contracts in Cuba
for q years supply Of raw sugar. Sugar
can be produced in Cuba at q cost Of
cent and half q pound. That is the
testimony before the sugar investigat.
ine committee known as the HardWiek
committee, Of which had the honor
10 be = member. Cuba is getting to-
day 81 cents a pound for her raw
sugar T. o. b. Habana. as shown here
ky Willett & Gray's Statistical Trade
Journal which receive, the most re-
liable statistical trade journal. think.
in the world; and the Federal Sugar
Refining Co, of which Mr.. Lowry.
about whom I have spoken, is secre.
tary and sales agent, holds the margin
or difference between 6H sents q pound
and sk cents q pound, or ~ cents 3
pounds highway robbery, II there
ever was such q thing.
Bio Profit Under Tariff
aMr. Lenroot The gentleman stat
ed that / desired to put these com
panies out Of business. ! would like
to ask the gentleman whether he
thinks profit Of 80 per cent on the
entire capitalization for one year. as
I read from the gentieman's own state,
looks Ike being put out Of business
under the present tariff?
'sMr.. FordneY do not know about
the correctness OF that statement.
never knew of any such profit being
made By any concern in that business
In this county. II such profits have
been made, ! never heard Of II be.
fore. ] never owned q dollars worth
Of sugar stock and never expect to.
and have no interest In any way.
shape, or manner except this: As {
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