| OCR Text |
Show bur in SUGAR i-nnan Hardwick Reports pe Result of Long and patient Investigation. liST FOUND TO EXIST Remedy Suggested, That after Being Left for Branding Committee. HGTOX, Feb. 77 The IIard' ppjaitmst" investigating com-Rtrnuwy com-Rtrnuwy welts of Pen hear Hfcrs and in e"" York 11133 almost KLu irork since last Way. ro-Btotbe ro-Btotbe louse today that a sugar ItrUch is signed by all ' the committee, Eopub-is Eopub-is Democrats, males no : as to how tbo alleged responsible for it shall suesling that this iraation be handled by mittce of the house, feet of the combine on ir to the consumer, the ressea tho belief thai the prico up. but makes fix accurately tho ex-rcsfouablo ex-rcsfouablo prices under ditions are exceeded, omoters. condemns the original is sugar trust, but do-000 do-000 present! owners of American Sugar Eefin-j Eefin-j "inuocent purchasers e stock which was un-by un-by the few men -who igni trust." romeyer is given credit lation of the conibina-m conibina-m the report nay a: olosgal speculation has nth success and today tablishefl business basis auis of its architect, rath.-ol rath.-ol the restraining povr-crpressed povr-crpressed in the lav." rikingly devolopod i.n try BOveral evils," eays "aBicIo from tho prilling pri-lling competition, which careful consideration gislation by congress. Iter belongs to tho ju-grcaUiitauding ju-grcaUiitauding comriiit-, comriiit-, your special committee ilco to present a bill on to claborato the idea 3, being confident that ;ct matter will receive orapt consideration by committee having ju-report ju-report tho prosecutions uluBtry by the federal reviewed. The orgau-first orgau-first sugar combine in p. and the two actions ent aro set forth. Of the suit brought against the sugar trust in New York in November, 35)10, the report says: "It is but simple .iustico to say that this bill Eecms to be both caro-fullj caro-fullj and ably drawn, comprehensive and well adapted to the purpose at which it aims. It. is now pending in the circuit court." Tho committee charges that since the organization of tho .American Sugar Refining company in J SOI., it has repeatedly re-peatedly violated tho Sherman law. "At tho time it was chattered, the .Sherman law had been in force more than six months and both its organization organiza-tion and existence oouplied with its methods of doing business, was, as the .testimony seems to indicate to your committee, a palpablo and continuing violation of the Sherman law," the report re-port continues. "'And yet no serious atlcmpt was mado (prior to jsovombcr, 1IU0.) to invoke in-voke ttho civil remedies provided by tho nntitrust law agaiust tho corporation. It also is to bo noted that tho government govern-ment has not ovon up Lo the present time, so far as has appeared, mado any effort to enforce tho penal provisions of tho Sherman law." Twonty-ono actions in tho organization organiza-tion and operation of tho sugar trust, which tho committee gives as violations viola-tions of tbo Sherman law, arc enumerated, enumer-ated, and. after tracing tho growth of ho American Sugar Refining company and discussing its alleged overcapitalisation, overcapital-isation, and salo to Its present owners, tho report says: Power Is Ample. "These salient facts indicate with supreme emphasis the basic condition of tho problem covered by this committee. com-mittee. "Thatjwo havo in this government, amplo machinery for rigid inquisition into tho property of those 1S,000 people, peo-ple, and for suits io decompose that property into its original parts by destruction de-struction of its organization; there is no arrangement of government whereby one of these 38,000 people might havo informed himself donniiely of the hazards haz-ards into which he or sho was buying.' Tho report discusses tho doctrine of covcrumeut regulation of prices, but J discourages ltt saying "Competition and individuality are the great remedies rem-edies thai have beeu sufficient through all ages to protect us from the evils that now threaton. "Wo uro not yot rcadv to writo an epitaph over eiAher." Tho committee estimates that 62.30 per cent of tho sugar business is controlled con-trolled by the combine. It also finds j.hafc tho "trust" has a. large interest in tho beet sugar end of the business. "With its strongest competior. Arbucklo brothers, there is said to be a condition of "armed neutrality.' The reigning margin on sugar has reached a trifle over 82 coitfs a hundred hun-dred pounds, according to tho report. This was lowost during tho Arbucklo war in 1S9P 50 cents and prior to the organisation of tho "trust" in 18S7 was .1.25. Tho committee givos no crodit to tho trust for reducing tho cost of sugar, but reports thafin 1S70 sugar cost IB1 cents a pound, aud in imi .the prico of sucar 4.07 cents a pound. Tt reports that in 1910 the world's supplv of sugar was 17,000,000 tons, of which 50.5 per cent was beet sugar. Heaviest Consumers. Tho largest sugar consuming countries coun-tries of tho world were the United Kingdom (86.3 pounds per capita), and tho United States (S1.6 pounds). 1 Tbo committee followed instructions in reporting whether tho existence of a irust had any tendency to decease tho prico of sugar cane and beets to the producer. It reported that tho Xrouisi-ana Xrouisi-ana cane grower is discriminated against by an arbitrary ruling of the trust, but'that the Hawaiian planter is independent. Of tho beet sugar growers, grow-ers, tho report says: "Your committee reports that the evidence, as taken, doo3 noA disclose combinations between manufacturers in tho beet sugar industry that have caused or had a tendency to causo a decrease in tho cost of sugar beets." |
