The vidette. (Iuka, Tishomingo County, Miss.) 1912-1967, 1918-02-21
ONE DOLLAR A YEAR

and the sale OF refined cane gar
should be limited to $1.30 per hunured
pounds. The pre-war differential bad
averaged about IS cents and Increased
costs were found TO have been Impos-
ed by the war lrf Increased cost of re-
hning, losses, cost of bags, labor. insur-
ance, interest and other things, rather
more than cover the difference. After
prolonged negotiations the refners
were placed under agreement estab-
fishing these limits on October 1, and
anything over this amount TO be agreed
extortionate under the law.
, I'm the course of these investiga-
tions 1t was found by canvass of the
| Cuban producers that their sugar had,
during the first nine months OF the
past year, sold for nn average of about
$424 per hundred (. o. b. Cuba. TO
which duty and freight added to the
refners cost amount to about $566
per hundred. The average sale price
of granulated by various rehneries. ac-
cordlng to our investigation. was about
$3.50 per hundred, or differential OF
$lS4.
an reducing the differcntial TO $1.30
there was n saving to the public OF "a
cents per hundred. Had such diff
! ferentlal been In use from the 1st OF
January, 1917, the public would have
saved in the first nine months OF the
year about $24, 100000"
Next Year.
With view to more efficient organ
ization OF the trade In imported sugars
next year two committees have been
formed by the food administration
/. A committee comprising repre-
sentatlves of all OF the elements OF
American cane refining groups The
principal duty of this committee is to
divide the sugar imports pro rata TO
their various capacities and see that
absolute justice is done to every re-
finer.
2. A committee comprising three rep
resentatives of the English, French
and Italian governments; two repre-
sentatives of the American refiners,
with member of the food administra-
tlon. Only two of the committee hive
arrived from Europe, but they repre-
sent the allied governments. The du-
ties of this committee are TO determine
the most economical sources from a
transport point of view of all the. al
lies TO arrange transport at uniform
rates, to distribute the foreign sugar
between the United States and allies.
subject to the approval OF the Ameri-
can, English, French and Italian gov
ernments.
This committee, while holding strong
views as to the price TO be paid for
Cuban sugar, has not had the final
voice. This voice has rested In the
governments concerned together with
the Cuban government, and | wish to
state emphatlcally that all of the gen.
tlemen concerned as good commercial
men have endeavored with the utmost
patience and skill to secure q lower
price, and their persistence has re-
duced Cuban demands by 15 cents per
hundred. The price agreed upon Is
about $3.50 per hundred pounds, I. o. b.
Cuba, or equal to about So duty paid
New York.
IT'S price 1nVutV GNCUkQGkCt
Mr.. Hoover said, "to about $3.50
per hundred for refined sugar from
the refiners at sesboard points or
should place sugar In the hands Of
the consumer at from 0Ta to Q
cents per pound, depending upon
locality and conditions Of trade, or
at from I to 2 cents below the
81 Am Ia ~ and
half to = cent per pound cheaper
than today.
"There is now an elimination Of
speculation, extortionate profits, and
In the refining alone the American
people will save over $25,000000 of
the refining charges last year. A part
Of these savings goes to the Cuban.
Hawaiian, Porto Rican and Lousianian
producer and part to the consumer.
appeals to prejudice against the
food administration have been made
because the Cuban price is "a cents
that the Cubans are at our mercy;
that we could get sugar a cent lower.
We made exhaustive study of the cost
of producing sugar In Cuba last year
through our own agents In Cuba, and
we find 1t averages $3.50, while many
producers are at a higher level. We
found that an average profit OF at
least a lit per pound was necessary
in order to maintain and stimulate
production or that minimum price of
S437 was necessary. and even this
would stine some producers.
"The price ultimately agreed was %
cents above these figures, or about one
fifth of cent per pound to the Ameri-
can consumer, and more than this
amount has been saved by our reduc-
tlon In refiners' profits. II we wish to
stifie production In Cuba we could
take that course just at the time of all
, times in our history when we want
production for ourselves and the al
/ lies. Further than that, the state de-
partment will assure you that such a
course would produce disturbances In
Cuba and destroy even our present
supplies, but beyond all these material
reasons Is one of human justice. This
great country has no right by the
might of Its position to strangle Cuba.
Therefore there is no imposition
upon the American public. Charges
. have been made before this commit
tee that Mr.. Rolph endeavored to ben
eft the California refinery of which he
a.