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Show SMOOT OFFERS TO SELL HIS SUGARSTOCK Offer Is Made to Senator La Follette in Answer to a Recent Attack. WASHINGTON, P. C Oct., 20. Senator Reed Smoot of XJtiih has offered of-fered to sell his stock in the Utah-Idnho Utah-Idnho Snar company to Senator Robert M. LaFollette nt a price of $3 per share. According to Senator Smoot he is now the owner of 440 shares of stock. The offer to sell his interest in the Utah sugar company came as a reply re-ply to the charges made by Senator LaFollette that the tarrif commission commis-sion had been coerced by the sugar interests in the United States to prevent pre-vent a reduction in sugar. According to Senator LaFollette a meting to which Vice Chairman Culbertson of the tariff commission had been Invited was held at Senator Sena-tor Smoot's office in Washington where the sugar situation was discussed. dis-cussed. ' At the meeting wTas present several sev-eral representatives of the American Ameri-can sugar industry who camplaincd that the commission had not used the correct figures in obtaining (lie cost of producing sugar in Cuba us compared with the United States. ''The result of the ruoetinr, o far as T was concerned," said Senator Smnut, "proved to me that the com-pliKiit com-pliKiit made by the sugar producers was a just r.ne and that before this thing is finally settled the American people will come to that conclusion. This is a fight between the sugar refineries re-fineries of America, known generally general-ly as the sugar trust and the producers produ-cers of sugar in America. Every civilized country in the world raises a good share of its revenues from duties upon sugar. America is about the lowest. Destroy the Amcr-ican Amcr-ican sugar industry and the sugar trust will tell the American people what price they shall pay for sugar as they did in 1920. "It is true that I am a stockholder stockhold-er in the Utah-Idaho Sugar company, com-pany, holding 440 shares. I have never owrned more than this amount in my life in the said company. If Mr. LaFollette wans to buy said amount, I will sell it to him for .$3 a share." |