The People And The Sugar Trust

The sugar trust is "protected:" (a) By daty of % cent per pound od refined 6ugar. (b) By natural advantage or protectioD of y of a cent per pound. Present price of raw sugar, 96 degs. centrifugal, Zya cents per pound. Present price of refined sugar, granulated, i% cents per pound. Difference between above pnces, 1J cents per pound. Cost of refining, not over % cents pei pound. Net profit on refined sugar, % cents per pound. Net profit per barrel, $2.0Si. Net profit on 12,600,000 barrels, 01 minimum yearly production, $25,598,000. Actual valué of sugar trust properties, about $35,000,000. Bate of profit or actual valuation, 73.08 per cent. Sugai trust capitalizaron. 7 per cent. preferred stock, $37,500,000; common stock, $37,500,000; 6 per cent. bonds, $10,000,000. After paying 7 per cent. on pieferred stock and 6 per cent. interest on bonds. the above rate of profit would yield 59.65 per cent. on the common stock. ¦W1TH FREE REFINED SUQAR. The natural advantage or protection to sugar trust is % cent per pound. Price of raw sugar, 96 degs. centrifugal, 3} cents per pound. Price of refined sugar, granulated A, 4 cents per pound. Difference between above prices, J8 cents per pound. Cost of refining, not over % cents pei pound. Net profit on refined sugar, JL cení per pound. Net profit per barrel, 81 } cents. Net profit on 12,600,000 barrels, 01 minimum yearly production, $10,237,500 per year. Af ter paying 7 per cent. on preferred stock and 6 per cent. on bonds, the above rate of profit would yield 18.7 peí cent. on the common stock. In the compilation of these figurea we have treated the trust very liberally. Present rate of extortion from the people by means of the tariff, threeeighths cents per pound, or $15,356,000 per annmn. Proposed rate of saving to the people by means of free Sugar, $15,856,000 peí annum. Is it not time that the wholesale extortion now practiced by the trust be stopped? Let us have free sngar in reality and not merely in name.