Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-25
CHADBOURNE SUGAR
PLAN TO Be PUSHED
Chairman of StabiIizers Be.
lieveS Cuban Bill win
Be Passed Soon.

Special Dispatch to The Star.
NEW YORK, october 25.-Failure Of
the Cuban Congress yesterday to pass
the legislation framed by the Chad
bourne Committee for the Sterilization
of the World Sugar Market will In no
way interfere with the progress of the
plan, 1t was announced yesterday by
Thomas L. Chadbourne, author Of the
plan and chairman of the committee
sponsoring it. He said that so many Of
the members of the Legislature were
absent campaigning for the impending
election that no effort would be made
to pass the measures until after cleo
ton.
Mr.. Chadbourne added that there was
no doubt Of the adoption of laws that
will make the Cuban government the
purchaser Of 100000 tons of raw
sugar, to be taken in quota allowances
from the producers on the island and
which win be withdrawn from the
American market, thus reducing the
heavy surplus 10 reasonable proper
tions.
He said that he was sailing with DIR.
V1rtato Gutierrez, President Of the Gu
ban Senate, either next Wednesday or
Saturday, to accept the invitation Of
the counsel o. the Javan Sugar Trust
to take part in conferences looking to
arranging the best plans for the sta
bilization Of the market. Mr., Chad
bourne declared that he had heard of
no curtailment as yet In Java except
in isolated instances.
Optimistic on Restriction.
In regard to whether or not growers
OF sugar in United States territories
had accepted the plan Of the commit
tee which called for the restriction
OF crops next year to the same amount
produced this year, in return for an
agreement that Cuba would limit her
exports of sugar to the United States
to 100000 tons Of sugar year, Mr..
Chadbourne said:
1.-THE committee and the Cuban plant
ers have absolutely no fears that the
American planters will increase crops
vantage not to do so. Cuba Is limiting
her exports to 2,8O0.0 900 tons a year and
has removed from competition with the
American growers from 800, 900 to $780,
600 tons q year."
Mr.. Chadbourne refused to discuss
what effect he expected the plan to
have upon the price Of sugar, beyond
expressing the hope that 1t would
bring the commodity up to at least the
since September /, when it first ap-
peared that the plan might be success
full, raw sugar prices have increased
about 40 points in the New York mar
ket
He did not go into details as to what
powers the Cuban government has
granted to him and DR.. Gutierrez. but
when shown a statement touching upon
this issued by B. w. Dyer g. Co.. sugar
t.rnIa~r mUA naoxANv,nfa&e IA aatd that IL
was substantially correct.
Text Of the Dyer Statement.
The Dyer statement follows:
"Dr. Viriato Gutierrez, president OF
the Cuban Senate, who, with Thomas
L. Chadbourne, the New York attor-
ney who organized the committee bear
ing his name for the sterilization OF
the sugar industry, will sail on OCTOBER
20 from New York, with Mr.. Chad
bourne. to begin negotiations under the
wide powers conferred on them by the
Cuban government with foreign sugar
interests for the restriction Of crops
or other means of preventing an over
flooding of the world sugar market
during the coming year. according 10
advices received by B. w. Dyer & Co.,
sugar economists and brokers. It Is
expected that the first negotiations
viii be held with the Javan Sugar
Trust. which up to the present time
has produced ell Of the sugar used IN
the Far East and also considerable
portion of that which Is consumed by
suoar-buying countries in Europe,
"Mr. Chadbourne and DR.. Gutierrez
probably have received the widest pow
ers ever conferred upon any individuals
bv ary government According to ad-
vices. the two men have been given Tor
a period of six months the power to at
tend and to take part in conferences
with a view to negotiate proouctlon
agreements with foreign producers OF
sugar, principally in Germany, Czecho-
slovakia, Poland, Belgium, Java, Great
Britain, Hungary or any other pro-
ducerS.
Control of S42,O0O,0OO Output.
"The two men, with the other seven
who compose the Cuban Carryover AS
ISOLATION, have absolute control over
sac. 900 900 worth Of raw sugar, the pay
ment for which Is covered by an issue
of Cuban Government bonds which In
turn is backed by tax on all sugar pro-
duced on the island between 1881 and
1885. The price which the government
has guaranteed to pay for this sugar
amounts to approximately 1885 cents
mound. cost and freight, New York, and
the amount which must be realized from
the bonds consists of $3.50, 900, which
will be used as working capital for the
committee which will have the handling
of the sugar, end $41, 1874 900 which VIII