Show BIG ALCOHOL SCHEME AMERICAN COMPANY TO CONTROL CON-TROL MARKETS OF WORLD Will Create a Increased Demand For Cornat an Advanced RateS COkJat S M Rice Tells of His Plans by Which America Can Rival European Euro-pean Producers I Chicago Feb iThe TimesHerald this morning says I the ambitious plans of S M Rice are realized the American Spirits Manufacturing company com-pany of which he is president will soon lock horns with tile alcohol producers ducers of Europe in an effort to control con-trol the alcohol markets of the world Mr Rice arrived from New York yesterday yes-terday and was in conference all day with Levy Mayer Angelo Myers of Philadelphia principal distiller for the company came on from Philadelphia to attend the conference President Rice is after the alcohol producers of Germany Hungary and Roumania For years American manufacturers man-ufacturers of spirits have been unable I to compete with them in markets consuming i con-suming more than 100000000 gallons of spirits a year owing to the technical restrictions of the United States revenue laws The mere substitution of tank cars for barrels in shipping spirits to the seaboard will enable American distillers to compete in foreign I for-eign markets and incidentally furnish an outlet for nearly 20000000 bushels of corn every year I has been estimated mated that the removal of that volume I of grain from a surplus that is steadily increasing would raise the price of corn 4 or 5 i cents a bushel I is now selling at prices ranging from S to 12 cents I a bushel on the farm hAl we ask said Colonel Rice yesterday I yes-terday is a charce to forward alcohol to the seaboard in tank cars There it will be transferred to tank steamers just as petroleum is now handled The I present revenue laws require all distillers dis-tillers to immediately put alcohol in barrels and store the product in government gov-ernment warehouses The single item of cooperage makes it impossible for American distillers to compete in the European market which at present is supplying the world The selling price of a barrel of alcohol today is about 1345 of which 51 represents the value of the alcohol and 145 the barrel I is obvious that we cannot hope to get I control of foreign markets as long as I ve are forced to pay 145 for every i package containing goods valued at 4 The pirn we are working on now I Colonel Rich continued is to have the revenue laws so modified that distillers I would be allowed to store alcohol in I huge tanks under government control I draw the spirits out into tank cars under government supervision and forward for-ward the goods in bond in these cars to the seaboard That would enable us to entirely eliminate an enormous expenditure for barrels and the freight thereon and lmmedlately put us on a basis where competition with European producers would be possible The distillers of Germany Hungary and Roumania control in addition to their own markets the other markets of Europe and those of Japan China and the African coast where vast quantities are used To open such a enormous consumption to American I producers would be of great benefit to the farming element I |