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Sugar Trust Profits Cinched

Sugar Trust Profits Cinched image
Parent Issue
Day
24
Month
June
Year
1897
Copyright
Public Domain
OCR Text

The trusts have a clnch on Dins;l?y blll profils. Of course they will make many times more iL the bill becomas law in anything like its present shape, but they are already engaged in taking part of their profits. Sugar has risen eonsiderab'.y in anticipation of greatly mcreased dutles, and merchants all over the country are laying in stores because still higher prices are expected. The sugar truet is consequently busy and rolling; ip profits. In April it imported 757,799,527 pounds of raw sugar, valned at $14,747,139. An extra proflt of one-hilf cent per pound on this amount - whih is already realized or guaranteed - means nearly $4,000.000 to the trust. If the bill is two months longer In j its passage, the trust will surely pocket i $10,000,000 extra profits before the bill becomes law. Who says protection is nat a good thing? And why shouldn't Senator Aldrich push it alorg, and in turn get his street railway syndicates pushed along by the sugar trust? In't this reciprocity? Wouldn't Aldricb lie an ingrate if he should desert hia friends and backers when he has an opportunity to help them?

Article

Subjects
Old News
Ann Arbor Register