American Sugar Refining Company

Not bad! An increase of more than one thousand seven hundred percent.

American Sugar Refining Company averaged two million dollars a year for the three years before the war.

In 1916 a profit of six million dollars was recorded.

Listen to Senate document number 259, the 65th Congress, reporting on corporate earnings and government revenues.

Proceedings were instituted against the American Tobacco Company and the Standard Oil Company as monopolies in violation of the Sherman Antitrust Law.

The Sugar Trust was found guilty of cheating the New York Customs House and some of the minor officers were sent to prison.

Frauds in the Post Office Department were uncovered and the offenders brought to book.

In fact, hardly a week passed without stirring news of wrongdoers and malefactors hailed into federal courts.

Frauds in the Collection of Customs.

I regret to refer to the fact of the discovery of extensive frauds in the collections of the customs revenue at New York City, in which a number of the subordinate employees in the weighing and other departments were directly concerned, and in which the beneficiaries were the American Sugar Refining Company and others.

The frauds consisted in the payment of duty on underweights of sugar.

The Government has recovered from the American Sugar Refining Company all that it is shown to have been defrauded of.

The sum was received in full of the amount due which might have been recovered by civil suit against the beneficiary of the fraud, but there was an express reservation in the contract of settlement by which the settlement should not interfere with or prevent the criminal prosecution of every one who is found to be subject to the same.

Criminal prosecutions are now proceeding against a number of the Government officers.

Proceedings were instituted against the American Tobacco Company and the Standard Oil Company as monopolies in violation of the Sherman Antitrust Law.

The Sugar Trust was found guilty of cheating the New York Customs House, and some of the minor officers were sent to prison.

Frauds in the Post Office Department were uncovered, and the offenders brought to book.

In fact, hardly a week passed without stirring news of wrongdoers and malefactors hailed into federal courts.

This dependence, both of corporations and of investors upon the banker, has grown in recent years, since women and others who do not participate in the management have become the owners of so large a part of the stocks and bonds of our great corporations.

Over half of the stockholders of the American Sugar Refining Company and nearly half of the stockholders of the Pennsylvania Railroad and of the New York, New Haven, and Hartford Railroad are women.

Goodwill.

The possession by a dealer of numerous and valuable regular customers is always an important element in merchandising.

Proceedings were instituted against the American Tobacco Company and the Standard Oil Company as monopolies in violation of the Sherman Antitrust Law.

The Sugar Trust was found guilty of cheating the New York Customs House, and some of the minor officers were sent to prison.

Frauds in the Post Office Department were uncovered, and the offenders brought to book.

In fact, hardly a week passed without stirring news of wrongdoers and malefactors hailed into federal courts.

Proceedings were instituted against the American Tobacco Company and the Standard Oil Company as monopolies in violation of the Sherman Antitrust Law.

The Sugar Trust was found guilty of cheating the New York Customs House, and some of the minor officers were sent to prison.

Frauds in the Post Office Department were uncovered, and the offenders brought to book.

In fact, hardly a week passed without stirring news of wrongdoers and malefactors hailed into federal courts.

Proceedings were instituted against the American Tobacco Company and the Standard Oil Company as monopolies in violation of the Sherman Antitrust Law.

The Sugar Trust was found guilty of cheating the New York Customs House, and some of the minor officers were sent to prison.

Frauds in the Post Office Department were uncovered, and the offenders brought to book.

In fact, hardly a week passed without stirring news of wrongdoers and malefactors hailed into federal courts.