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"sugar Trust Exists No Longer."

"sugar Trust Exists No Longer." image
Parent Issue
Day
28
Month
May
Year
1897
Copyright
Public Domain
OCR Text

We are assured by The Sugar Trade Journal of May 13 - organ of the Sugar trust - that "if ever a monopoly existed in the sugar refiniiig business it exists no longer, and it is not likely that it will ever be renewed. " Tbis is deligbtful news. The Journal was discussing an ameudment to the senate bill to have refined engars pay the same duties as raw sugars in cases where the manufacture is controlled by a monopoly. If this "visionary proposal" should pass the eenate, it would jeopardize the tariff bill and the Sugar trust's tens of millions of surplus proflts, which are so near at hand that the mouths of Havemeyer and Searles are watering for them. The Sugar trust trembles at the prospect and tries to keep up its courage by having its organ inform the world that "A lot of such visionary proposals will, no doubt, be introduced while the bill is under discussion, but in the end the sound judgment men will control and a tariff bill be passed without very rnuch change f rom the senate schedule. " The trust may be right. It usually is, for it eau predict what will happen to the sugar schedule of the senate bill. It kuows what demands will be made by its agents and tools in the seƱale, and it also knows the power of those who make demands to enforce them. It puts $70,000,000 against the iuterests of 70,000,000 people, and it knows from experience which has most weight in the senate, where two or three hold the balance of power. No, there is no sugar trust and never was one. "When thedevil waa sick, the devil a saint would be. "

Article

Subjects
Ann Arbor Argus
Old News