Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-06-27

g. The American Economist of June I
reprints from the Congressional Rec
ord an interesting account Of the spirit
ed debate in Congress May % over
the amendment (finallv defeated) to
NE war revenue bill. offered by Mr..
Lenroot Of Wisconsin. substituting q
consumption tax for the 10 per cent
Of increase Of the tariff on sugar Mr..
Fordney of Michigan, speaking to the
amendment, said in part:
IF the gentleman's amendment is
put into effect, he complies with the
demands Of Mr.. Frank G. 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.. Lovrys
not to my good friend from Wisconsin,
who is excited and misinformed that
Is all. (Laughterl.
+Let me first say, gentlemen, that
under the Payne tariff law the duty
apon sugar coming from Cuba was
l.s4 cents pound. SCuba had then a
preferential rate, as 1t has now, Of 90
SCR cent below the it'll duty paying
sugar or the duty paid on any other
srticle Of imports. Under the Under.
wood tariff law as II is now written
full duty-paying sugar. pays, in round
numbers, LES cents o pound. There
fore the Cuba sugar is imported at /
cent per pound. Mr.. Frank c. Lowry,
secretary and sales agent of the Fed
efaI Sugar Refining Co. of New York,
has been very industriously circulat-
ing literature among members Of Con-
gress for several years past, claiming
that duty on sugar is highway rob,
berry. ~..~ y -.
aSince the LIST day OF january Of this
year, 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 "a 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 I'll cents
PER pound. The reffners of this coun,
tryswant to put out of business, as
my beloved friend from Wisconsin
lMr. Lenroot) wants to put out OF
business the domestic sugar industry
Of this country. -.
Highway Robbery" =
Prior to the war in Europe, Ger.
many made for export from million
and a half to two million tons of sugar
and supplied England with her sugar.
England came here at that time for
q 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 . years supply of raw sugar: Sugar
can be produced in Cuba at a cost OF
a cent and half a pound. That is the
testimony before the sugar inyestigat.
ing committee known as the Hardwick
committee, of which / had the honor
to be member. Cuba is getting to-
day 81 cents pound for her raw
sugar Z o. b. Habana, as shown here
BY WiIlett & 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 ! have spoken, is secre.
.tary and sales agent, holds the margin
or difference between 6A sents pound
and 81 cents a pound, or ~ cents :
pounds highway robbery, If there
ever was such thing. 3
BID Profit Under Tariff
"Mr. Lenroot The gentleman stat
ed that I desired to put these COM
panies out of business. would like
to ask the gentleman whether he
thinks profit of SO per cent ON the
entire capitalization for one year, az
read from the gentleman's own state,
looks like being put out of business
under the present Tariff
Mr.. Fordney. do not know about
the correctness Of that statement. j
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 it be-
fore. never owned a dollars worth
OF sugar stock and never expect to,
and have no interest In any way.
shape, or manner except this AS