OCR Text |
Show In its three yenrs delayed report on tho beet sugnr industry the federal trade commission estimates es-timates that the average profits of beet sugar companies for tho five years prior to 1013-M were 11 per cent. The report states that In 101314 the average return was only 3 per cent, while mnny companies operated at a loss. It will bo remembered thnt thnt wan the year the lect sugar industry wns staggering under the blows of the democratic party. Curiously enough the 11 per cent profit mentioned by the report Is precisely tho percentage agreed upon in the or tiers for taxing profits ndopted by Great Britain early this year ns the rate which might reason ably be expected from a sugar company the board of referees deciding that cnrnlngs of 11 per cent on tho capital stock invested should be exempt from taxntion in tho case of corporations and 12 per cent in tho case of individuals en gaged in sugnr production. In Grcnt Ihltain, nt least, our producers of beet sugar would not be looked upon as pirates, although so denounced by the democrats when the present tariff Inw was in process of formation. |