Democratic Sentinel, Volume 16, Number 22, Rensselaer, Jasper County, 17 June 1892 — The Sugar Trust. [ARTICLE]

The Sugar Trust.

While the Ways and Means Committee are hesitating to report the free sugar bill, because they will arouse the sugar trust and put a big campaign fund into the hands of the Republicans, the trust, in the most audacious and defiant way, is putting the screws tighter on the American people by depressing the price of raw sugar and by increasing the price of refined sugar. Every sixteenth of a cent gained in either way increases the profits of this greedy trust $2,500,000. Its present rate of profits is about $25,000,000 a year, on a capital of $35,000,000. According to the sworn testimony of H. O. Havemeyer, sugar 4s refined cheaper here than In England. Why, then, should the people be taxed another moment? Is it to enable the trust to make these enormous profits and to pay eleven refineries with a capacity of 11,000 barrels a day (nearly one-third of our consumption) big dividends for remaining Idle?