History of the Panama Canal; Its Construction and Builders

History of the Panama Canal; Its Construction and Builders

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ...per ton; four made an average profit of $12.36 per ton; and three made respectively $15.01, $15.29 and $17.56 per ton. Under normal conditions the price of sugar in the United States is the world's price, plus the duty. In other words, the price of Hawaiian sugar in 1913 was approximately $27.00 a ton higher than it would have been if sugar had been duty free. The present tariff law puts sugar on the free list in 1916. If sugar had been on the free list in 1913, every sugar plantation in Hawaii would have lost money. The proof of this statement is that the above figures show that not a single plantation made as much as $27.00 per ton. The plantation making the best showing would have lost $944 per ton, and, as its crop was 50,310 tons, its loss for the year would have been $474,926.00. The one making the poorest showing would have lost $41.44 per ton. It may be claimed that in 1913 the price of sugar was low. It was. It averaged 3.506 cents per pound. The three previous years averaged higher than for any one of the past twelve years, viz.: the average price of ninety-six degrees raw sugar was 4.188 cents per pound for 1909, 4.453 cents for 1911, and 4.162 cents for 1912. Manifestly the result of a series of years is the only fair criterion of whether the Hawaiian sugar industry can survive free sugar. The crops and profits of each of twentytwo listed sugar plantations for the eight years 1906-13 are published in the 1914 annual report of the Honolulu stock exchange. These figures demonstrate that even though three high-priced years are included, there is only one of these plantations which would have paid expenses during the past eight years if sugar had been on the free list, while most of them would have been put entirely out of business. The...
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Product details

  • Paperback | 376 pages
  • 189 x 246 x 20mm | 671g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236513045
  • 9781236513045