OCR Text |
Show SAFEGUARD AMERICAN INDUSTRY. Farmers in every state of the Union will be benefitted as a result re-sult of the meeting of representatives of domestic sugar interests in Chicago recently. With the admission of the Associated Corn Products Manufacturers Manufac-turers to membership in the Domestic Sugar Producers Association the sugar organization now represents every form of sugar produced in the United States, Hawaii and Porto Rico. The raw products used in the manufacture of sugar, it was set forth, constitute one of the most importcint elements in agriculture, yielding a return of hundreds of millions of dollars a year to the American farmer. The Associated Corn Products Manufacturers, according to Jay Chaplin, its executive secretary, uf.es 80,000,000 bushels of corn or one-third of the 240,000,0G0 bushels marketed by the American farmer annually. Investment in the beet, cane and corn sugar producing industry indus-try is more than $1,000,000,000. Half a billion do liars is invested in lands, mills and other property in the beet sugar industry alone. "The purpose of the Domestic Sugar Producers Association," ' says Royal D Mead, of Washington, D. C, vice-president of the Hawaiian Sugar Planters'. Associati'ion, "is to encourage and stimulate stimu-late the production of domestic sugar and safeguard the domestic .industry against the enchroachruents of foreign countries where the standard of living and the wag.es ar e far below that of this country. An important part of the wo rk of the Association is to reduce the cost of manufacturing in all its phase and to establish closer cooperation coopera-tion between manufacturers nd farmers who grow sugar beets, cane and corn. The Domestic sugr industry today is seriously threatened threaten-ed with heavy losses because of flooding the American market by foreign sugars." |