Show FIfTY iI1U8All iI1U8AllUI t OUT OF ViORK The Sugar Trust Closes Down Its Largest Refineries Re-fineries THE TARIFF BILL IS RESPONSIBLE SO SAYS PRESIDENT IIAVE1IEYER OF THE BIG COailUXE In au Interview He States That thc Trust Has Lost Money For Months stnd They Couldnt Stand thc j Drain Any Longer The Tariff Bill and the Election Demoralize Trade The Outlook Not nllrlgrlit One I I New York Nov 28 Orders were issued is-sued today from the headquarters of the American Sugar Refinery in Wall street to shut down completely all the j tefineries of the company in Boston New York and Philadelphia Fifty thousand operatives will be affected by I tie casing of the sugar works 4Saexplanation President H O Have caeyer of the American Sugar Refining Refin-ing company said today The sugar business has been bad for some months past We have been hoping against hope all along and I tried to weather through the period of I I depression trusting business might improve and that we would soon be I made t run our works to their fullest capacity but everything was against I I usThe The reaction that followed the racton folowed passing pass-ing of the tariff bill brought about a dull season and the war among the I wholesale grocers in several sections of the country still further tended to demoralize de-moralize trade When to this was added ad-ded the excitement of an election can yass and the general report that Congress Con-gress would pass a free sugar bill making all sugars free you can readily read-ily see there was enough cause to compel com-pel us to shut down completely But we ran our works up to the present time with a reduced force in the hope Micawberlike that something some-thing would turn up Our faith in the future has failed us and beginning to rtarrow we shall shut down all our 1t1s in Boston New York Philadel Ia and Baltimore p ld Balimore Jvve cannot do anything else We are sorry for our men and have been tryjiig to ward it off all along But the trtiSh is we have been running our works at a loss for several months i past But it is time to call a halt now The last Congress is responsible for the present situation and if they pass the fne sugar bill at Washington as it is reported they will they wU kill the sugar industry completely Things cannot be much worse than they are now There is very little difference between be-tween the prices of raw and refined sugar and there is no reason or justice loss in continuing a business at a heavy lossWe We must either have enough profit to cover the bald expenses of carrying on sugar refining or else go out of the business completely We cannot compete com-pete with the wages paid in Europe and our men could not begin to support sup-port themselves and their families at such figures Yet we are asked to run our establishment with only the marin mar-in in refining that is to be found be wen the cost of riser and refined sugars su-gars which is now a trifle loss than a alf a cent a pound I No the only thing for us to do is to Jal t hut down completely until there is a lrket for our goods and until we can see our way to expenses And I can see nothing cheering or reassuring in the outlook at the present moment The Treasurer Isnt Posted New York Nov SJohn Searles treasurer of the Anerican Refining company was seen this evening He was asked closed if long the refineries would remain Well I dont think they will reopen this week he replied but we will resume re-sume business next week So fa a Ian I-an aware there is no intention of permanently manently closing the refineries t Victims of legislation Stamford Conn Nov 28H O Hsvemtyer president of the Sugar lie Suing company was seen at his country home near here tonight and questioned concerning developments 1 a the sugar question There is nothing new to be said he remarked The refineries will remain closed until the market and demand warrant war-rant resumption of business This is one of the industries suffering from the blight of free trade We are the victims of important legislation industries that is ruinous to some |