The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-03-08
s. CONTROL or
INDUSTRY
IS DENOUNCED
|ost People Millions,
{. d. Babst Tells Re
Filming Stockholders

Sew YoRK. March, Severe
idcmnation 81 tho government
IitrOl Of tbs sugar Industry IL
Itaincd In te ANIMAL repor, Of
|rl u. Babs, president OF the
|ierlcan sugar Refining com
ny. which was read to the
kholders " a meeting In Jer-
city tOiag.
For these experiments OF con-
!" he sail. the people OF She
ted Stats and OF the world
e paid lnndrals of millions OF
HAIRS. Tie magnificent sugar
ustry ofthe United Siat6s field,
\ udinE tho producers and fefin-
both leet and carte. whether
4 convnntal United States, the
lippinct Hawaii. Porto Rico or
tuba, lns pntd almost with It's
Unird states ii.N cstmcnts, in
handi OF hundreds Of thou
las q people. amounting to
Il raj. Alllons OF dollars, have
AID In jeopardy.
rhe fuiied States sugar indus
the greatest OF It's kind IN the
Id. rnlSing IN Importance with
/. rslroads and farm products.
deontrOlied by legislative fiat
EXECUTIVE order. without prop
eEfd to elementary economic
N IcaVy Loss Last Year.
Hhtrcpor-. shows a loa- on oper-
Hn OF t~2.17I,27G during 1921.
1s was drawn on for S6.3ll,-
q meet operating LOSSES and
Iovidc for dividends declared.
operating losss,s were attrib-
to steadily declining prices.
lt0tal tonnage OF the country
He'd shat OF the year before.
thv volume OF business
nted 60 sac. 600. 900. balance
Erplua and Reserves amount to
than S2s.O00.OO0
lie events OF 1871" the report
red. "urc merely q continu-
of those OF 1870. an incident
c disastrous ate mpt by our
nmcn, To de- control a world
fur two years held below
,rld's parity without the eau
H. accommodating E,pcks or OF
any other preparatory
re- FOR the transitgon. White
financial effect on the refiners
roeuccrs OF the United states.
Dec. and cane. has been most
rous. yet the AFFECT distress
has been the outstanding
OF the year. cuba has had
not only tho burden OF ~
- crop, but ~ IL, stimu
production.
violent was Cuhn's reaction
nnst OF its banks were car
WAY. In the stress ~ it,
lal needs n. too. undertook
X Ut sugar con'sul II should
1 down. however. to the
OF ~ cuban sugar indus,
at ,Ien n ~ great national
al distress the necessary
4 Of 20 per cent of cuban
ion WIS obtained with the
.rrat.si d%ttlculty. The Gu
gar |iuiustry. like others has
4 the peru OF government
che Industry u n -.
nov zine for the public,
uust In the end pay the bill
~ lDund 90 sugar ,Hey buy
NOS continued. TO insist
he sugar industry be given
firm any further control OF
mats ot any Kind Of any
. any device ami be- given
tstunity t. recover 10 posi-
,icr its owu dirccuon and
~LtratiOn. In any event,
undertakes 10 introduce
artificial measures In the
complica.d position Of the
vhnduztry. does - at grtsti
- under grave responsibility
lntire people Of the United
redner stands be- W.en tho
r ana tho consumer ana
bears .ho burden Of the
trs' complaints. but he will
no responsibility for the
Hoes which viii come Win
fetal curtailment or other
Ients The people of the
Estates understand tina. ths
Hem u4epped in the sugar
during the war. but Ger
hes will be- unwilling to pas
OF any further expert
In of any efforts 60 exploit
stcr Of de control TO the
Ife Of any section OF tac IN
fnw OF supply and demand
Iiable In itself, and before
lple whether government
49, wHNAH hoe NaHNat -