New-York tribune., 1922-08-07
Senate Charge
OF Sugar Plot
Is Denied Here
Agreement Aimed Only to
Adjust and Harmonizc
Prices for Mutual Ben
eft of All Concerned
No Couging in Program
purpose Was to Take Care
of Entire Output, Thus
Protecting All Growers

II, United States and Cuban Sugar
p,oSueers' Agreement Syndicate. lac,
,h,rged BY Senator Harrison. OF Mis-
,,,,,poi. with attempting TO eurtai! The
Chan sugar crop in the interests OF
,,.,esn cane and beet sugar pro-
sas.,s was organized 70 adjust and
ss,rori4e sugar prices here, Il was
i,srned Yesterday. The scheme ~ IN
- nature Of a big sugar pool but II
=, .sserted. Is not an attempt 20 con-
80 ,be market. Under Il the Cuban
pN,.o Piean. Hawaiian. Philippine and
iouisisna crops were to be ueai' VIII,
"a satisfy all the interests concerned
vitbout necessarily advancing the
price. .,-.a -. co,..o,
ps,rison As director Of the syndicate.
/, !. was said. also the originator OF
80 idea. He has been working on ~
FOR about eight months
Compensation To BE EQualized
Growers idea. as described by a man
% whom he had explained IT. was 10
take care Of the whole sugar crop ana
work out the compensation due 70 the
various producers. renners ana Dig
ranufseturers. As part Of the scheme
Cover rad been trying 20 get the agri-
sni.pyal bloc 70 work in harmony with
Kim and In unison with the Cuban
sygsr interests 20 do away with frie-
tion between them. .,
The scheme would take care OF all
the sugar produced. Il would protect
,ss Porto Rico, Hawaii, Philippine and
Louisiana growers and az the same
tine offer logical plan for getting
fsir treatment Of the Cuban prr1ucers.
Il think the scheme IS open and
,beve board. although ! did not so very
deeply into IT," Frederic ". Lincoln, OF
Henry ". Peabody & Co., importers
and exporters, said. 1T would Hvc'd
putting on the tremendous duty pro.
rosed for Cuban sugar, which would
create more or less animosity.'
Asked If il was 20 be a sugar pool,
Mr. Lincoln said il would probably
work out that way. as the prices were
70 be adjusted with rcfners, and the
prohts derived were TO be divided
among al the interests concerned, but
no direct attempt to control the market
q, advance prices was involved. so far
q he had gone into the plan.
Growers Record Praised
Grover has an Office in Room 4O3, at
II State Street, where he has been, II
was said. about two months. he is
described as rather a brilliant man
who has a good record and who hsl
done much work al Washington IN the
interests Of various committees ard
projects, and has lived IN Washington
! good deal, il was said.
About three years ago Grover &C.
used a scheme for handling foreign
,Yehange. and put through a number
d foreign exchange transactions IN
London. He also has devised plans
similar 70 the present one TO be applied
asa relief measure 70 various indus
tres in the last three or four years, 1t
was said.
Senator Harrison's resolutions charge
that the syndicate had for its purpose
the accumulation Of fund Of approx
nately $4,000, 900 TO be contributed BY
the interests upon some arrangement
OF agreement involving the fixing OF
rate OF duty on Cuban sugar IN the
pending tariff BILL" and that certain
Senator's we're pledged TO a two-een'
tariff on sugar.
Grover could not be located yester
day, and il was not known whether M
vas in New York.