The Dawson news. (Dawson, Ga.) 1889-current, 1922-05-09
PLAN TO BOOST SUGAR
81 MILLION IS ALLEGED
NEW YORK WORLD CHARGES
PLOT OF REFINERS TO
MULCT THE PEOPLE.
WOULD FORM A POOL
Action Follows Defeat of Crop Fixa-
ton and Halt in Tariff. Scheme of
Powerful Sugar Interests Is Re-
vealed in Far-Reaching Plots.

Powerful Sugar interests is Ike
vealed in Far Reaching Plots.
The New York World prints the
following:
A gigantic price-hxing proposal, in
volving an increase in the cost of SUI
gar that would take $32,000,000 from
the pockets of American consumers
this year, has been made to II refners
of Cuban cane sugar on the basis OF
pending legislation before congress.
| Information collected reveals the de-
! tails of this amazing scheme, designed
solely for the benefit of the beet and
cane sugar interests of the United
Statess&
Each Asked for $1,000,000.
Each of the II large refners of Gu
ban sugar has been asked to sign a
| bill of exchange or promissory note
for 100000, payable in monthly in
stallments, in consideration of con-
gressional action to be taken on the
sugar tariff These payments are to be
made in II successive installments OF
$83,300 each, plus the final sum OF
$500, for value received" as the note
reads.
Having failed to coerce the Cuban
government through official govern
mental channels, and not yet having
succeeded in imposing an almost pro-
hibitive rate of cents a pound on
the raw sugar imports, the beet sugar
interests now propose to force up the
price of sugar at retail by this price
raising scheme.
The increase in price of refined Gu
ban sugar is to be related to the re-
fners of American beet sugar so that
they will receive as much as they
would have profted had the Cuban
crop been restricted and the price of
sugar gone up as a consequence OF the
resultant shortage.
Syndicate Organized.
AS unbelievable as it may seem,
there has actually been organized a
syndicate to work out the price-fxing
arrangement, apportion the assess
ments upon the refners of Cuban SUI
gar, collect the money discount bills OF
exchange, if necessary, and divide the
money among the American beet
sugar men. 1t is asserted that this
syndicate already has $3,321,2l2 avail
able for its general purposes"
The syndicate claims to be operating
under what it calls a Congressional
arrangement" which is represented tC
be able to control tariff legislation. il
is not specified how this is to be done
nor who is to do it. From financial
viewpoint, however, the syndicate will
have the prestige which almost unlim-
| tied funds can command.
Some of the largest reflners in the
country have received proposals in
writing from the syndicate, which de-
scribes itself as "the United States
and Cuban Sugar Producers Agree
ment Syndicate, Inc" OF No. II State
street, New York city, "office of Hen
ry W. Peabody & Co." The name OF
Alfred Grover is signed to the CORE
spondence as director" Of the syndi-
cate with the imposing name.
Tn letters addressed to a number OF
rehners of Cuban sugar Grover ex-
plains what he characterizes as our
beet-cane and Cuban sugar duty COM
promise" this way.
Under the terms of this congress
sional agreement the beet and cane
sugar producers of the United States
in lieu of the benefit of the additional
duty on Cuban sugar, are to receive
an amount out of the sale proceeds OF
Cuban sugar equal to one-fourth OF
the total sum received for the entire
crop of beet and cane sugar last year
Growers Estimate Moderate.
Grover. in his communication to the
refners, explained that $l4,339, 1874
will represent the 'one-fourth of the
total sum received for the entire CROP
of beet and cane sugar last year. He
outlines that this amount is to be rails
ed through the addition to the sales
prices OF four-tenths of cent pei
pound until the sum OF $l4,339, 394
/ has been gathered and the distribution
made TO the beet sugar and American
cane sugar producers.
According to men acquainted with
the sugar situation the addition Of
four-tenths of cent pound would
produce $32,000,000, or more thar
twice as much as Grover estimates
The reason for this is that the increas-
ed cost would be imposed on $780,
100000 pounds, the approximate an
nual consumption.