Sugar Trust Profits Cinched
The trusts have a cinch on Dingley bill proflts. Of course they will inake many times more if the bill becomes law in anything like its present shape, but they are already engaged in taking part of their profits. Sugar bas risen considerably in anticipation of greatly increased duties, and merchauts all over the country are laying in stores because still higher prices are expected. The Sugar trust is consequently busy and rolling up profits. In April it imported 757,799,527 pounds of raw sugar, valuedat$14,?47, 139. An extra profit of one-half cent per pound on this amount - which is already realized or guaranteed - means nearly $4,000,000 to the trust. If the bill is two months longer in its passage, the trust will surely pocket $10,000,000 extra proflts before the bill becomes law. Who says protection is not a good thing? And why shouldn't Senator Aldrich push it along and in turn get his street railway syndicates pushed along by the Sugar trust? Isn't this reciprocity? Wouldu't Aldrich be an ingrate if he should desert his friends and backers when he has an opportunity to help them?
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Ann Arbor Argus
Old News