The people's voice. [volume] (Helena, Mont.) 1939-1969, 1948-12-17

4 oJifciiid iecNliVoJ OOiiPc u 0obNO1
Penn Mutual Life Insurance Co.
Newcomb Carlton: Director, West
ern Union Telegraph Co., Chase Ma
tional Bank of NY, Union Pacific
Railway, Metropolitan Life ms. Co.,
trustee, American Surety Company
of NY.
John Loomer Hall: Director, Mer-
chants National Bank, NY, the New
Haven and Hartford Railway, West
inghouse Electric and Manufacturing
Company, United States Machinery
Corporation.
James L. Richards: Director, New
York, New Haven and Hartford Rail-
way, Rexall Drug Company, Inc.
Theodore C. Montague: Director,
Borden Company, chairman of the
board for the Drake Bakeries, Inc
Ralph S. Stubs: Director, Frank
lin Sugar Refining Co.
Roy Everett Tomlinson: Director,
National Biscuit Co., American Can
Company and Prudential Insurance
Company.
Albert Henry Wiggin: Director,
American Express Co., American
Locomotive Co., American Wooden
Co., International Paper Co., NY,
New Haven and Hartford Railway,
Otis Elevator Company and Western
Union Telegraph.
In the case of National Sugar Re-
filming Co., the Morgan interests are
present with Horace o. Havemeyer,
Jr., and his uncle, William K. Dick,
as well as Ellsworth Bunker, who is
a director of the Morgan-controlled
Bankers Trust Co., and the General
Baking Company.
On the board of the Great West
ern Sugar Co., the key figure is Hor-
ace Havemeyer, ST., a Morgan man
and son of Henry o. Havemeyer,
founder of he Sugar Trust. An
other imr ant director is A. S.
Cobb, vice president of the Bankers
Trust Co., (Morgan) and a director
of Havemeyers & Elder, Inc, as
we'll as numerous other corporations
including the South Porto Rico Sugar
Company.
SO-OECi dtitCo Il iTSt otCp o GVauG
Monopoly Gang
The sugar beet is VIGOROUSLY
hard" on the soil. Here again the
beet farmer bumps into one of the
highest monopolies in the world
fertilizers = nitrogen, phosphates,
and potash.
Nitrate of soda, both synthetic and
is tied up in cartel with
Chile, |. G. Farben of Germany,
Standard Oil, Imperial Chemical In
lustries of Great Britain, and Nor
vegian company. The world market
vas divided among all the corpora
ions involved in order to keep down
production among all producers and
lold up prices. The farmer pays a
tremendous tribute to this cartel.
At the beginning of the year, the
Secretary of Agriculture fixed the
J. S. sugar requirements at $780,
100 tons. To lift prices the refin-
rs later got him to cut it to 7,000,-
100 tons. AS prices firmed it was
alter put up to 100000 and now
he refineries seem bent on cutting
down to 100000 for next year.
Domestic beet and cane quotas were
ct at 100000 short tons. Evil
emily the balance of 7 million short
ons will be imported.
John d. Black, Harvard economist
tated in his recent study of sugar
The small family-sized farms will
eep going only by expanding sup
lementary lines of production"
Many farmers find themselves
18th expensive machinery (that can
e used only for beet harvesting)
nd severe cut in their anticipated
lcome.
AS if all this wasn't enough for the
Iestern Farmer, he is also the vic
m of freight rate cartel.
The serious reduction in beet pay
ents will have wide ramifications
nd every small businessman, in any
eet raising territory should be thor
lghly alarmed. 1t can have a dis
;trous. effect on farm purchasing
over in farming communities.
Only through organization can the
10 Il oh