OCR Text |
Show Foreign Export Sugar Bountie's. Germany produces 1,750,000 tons of beet sugar a year. Half of this enormous production finds a foreign market, the biggest percentage of which is sold in tho United States. Germany encourages the indusiry by art export bounty. If within tho next few years the beet industry in-dustry is developed in the United State? to such an extent as to supply the domestic demand, and exclude German sugar, tho bounty policy Ahich has over-dpveloped Leet raising in Germany, wil1 be questiohed as an act of wiedoni. Deprived of the American market, hard" ly a sugar factory in Germany or even France would escape bankruptcy. Having passed the experimental stage there is noloubt that the beetugar industry in-dustry of the United States will- nipidly expand, unless retarded by the 'sugar trust, until the 2,000,000 tons of refined sugar consumed by us shall be produced at home. Therefore, 'the action of ,European countries in stimulating, by export bounties an industry th'atunuch .depends, upon the American' market, seems but to build up to tear do,wnJ with much the same attending results which come froma'eolap8ad",'boom.;r; ' dPd1ra?W-Sl |