Ke Alakai o Hawaii, Volume IX, Number 30, 30 October 1936 — HAWAIIAN SUGAR CROP WORTH $20,000,000 MORE THIS YEAR THAN UNDER HERBERT HOOVER [ARTICLE]

HAWAIIAN SUGAR CROP WORTH $20,000,000 MORE THIS YEAR THAN UNDER HERBERT HOOVER

Further evider.ce that the administration of Franklin D, "Eooseve.lt —The Wrecker", as he was so bitterly assailed several years ago by the Honolulu Star-Bulletin, acknowledged organ of the Hawaiiaki Sugar Flanters' Association, has ! *ruined" industry in Hawaii, was furnished today in a comparison of the value of th.e current sugar crop with that of the year 1932—when the United States \vas on the brink of revolution and ruin while Hapai less Herbert Hoover stood he!plessly by, wringing his hands piteous]v as the nation went to hell under the Repuhlieana. Thi>: comparison shows that in the foūr years since f, Roosevelt —The Wrecker" has been in office the value of the s'ugar crop of this Territory has increased in value by. exactly $20,595,659.50, according to the records of the Sugar Factors, Ltd., an adjunct of the HSPA whieh so bitterly is assailing the Democratic administration and begging the electorate of Hawaii to "Vote The Straight Republican Ticket."

The sugar industry, the plariters are so fond of telling us, is the backbone of Hawaii—it employs more laborers, payg more taxes, and does a Kttle bit of everything more than any other industry or individuals in the islands. Consequent!y, what President Roosevelt , s administration has done with that industry should be of vital interest to every resident of the Territory—the planters tell us tliat themselves and oft-times, According to compilations of the Sugar Factors, Ltd., ilawaiian sugar crop in 1932—under Hoover—was 91 5.493 tons. The average price for the year at New York. rhe basis on whieh Hawaiian plantations are recom-pcns«-d for their sugar, was 2.925 cents per pound, or |G8.50 a ton. Thus, the value of that year's crop was In 1936 — under the Jones-Co«tigan administration act whieh the HSPA first cursed as discriminatory and then accepted grudgingly but overwhelmingly when they stood to receive process." ig tax benefits amounting to some $25,000.000—Hawaii's quota, under this so-called "discrimination," is 1,089,000 tons, in round numbers. Under thc Jones-Costigan act provisions, the average price on Ihe New York exchange, whieh governs the Hawaiian price ? is 3.40 cents per pound, or $68.00 a ton, Thus this year—under Roosevelt—the price the Hawaiian plantation will receive for their sugar ts more than $74,052,000, as compared with a value of $53,456,340.50 in 1932—under the Helple§s Hoover. The simple subtraction of $53,456,340.50 from $74,052,000 gives an increase of $20,595,659.50. If this increase of $20,595,659.50 in the value of the crop of Hawaii's sugar in four years, admittedly brought about by the Jones-Costigan act of the Roosevelt administration, be "wrecking" or "ruining"' the industry of Hawaii, we say—!et's have plenty more of this "wrecking" and "ruining." Hard To Understand! Ahd with these facts in their possession—right under their noses, the very individuals and corporations whom President Roosevelt saved from disaster still are shouting, "Roosevelt-—The Wrcceker";~"Vx>te The Straight ī|epublican Ticket!" Even the SfBr -Bulletin. whieh printed the infamous "Roosevelt—The Wrecker" editorial and is first and foremost in disseminating the "Vote The Straight Republican Ticket" propagahda, gave Hāther grudging praise last Mo*'dry t], T•] Costigan act in its weekly review < f ( .Mui ialH . "~\l. 1936 sugar crop has been shipi eu/ ' - .i' "I'jl the island industry was interested last fei ihe raw sugar price regaining at ua-t i an >.t N m .<nt before the enu of the year." .;1 lu' pi-ier iiow quott?d is 3.40 cents per pound as T> - <■ . ems per p<'iind in 1932—under Huu\ i ) -) "The gcneral tone ol" the sugar market was improved ]ast week. ar:d V\ !e spot price has nioved up but a point oi- so. fut » 1037 closed the period 16 to 21 points abevc tlu (\t i >u lows. "Concerniiu - . tivity the United Press finaiicial sei;vice reported: "The hearty advance was attributed to prospects of a victory for President Roosevelt m November» assuring continuation of the Jf>nes-Costigan sugar control program

whieh admittedly has kept prices up." M Roosevelt—-THe Wreckerl" "Vote The Straight Republican Tieket" ? ? ? When even The-Star-Bulletin is foreed to admit a eontinuation of the sugar eane mdustry in Hawaii rests with a victorv for President. Roosevelt and the Democratic adminstration in November, ,r assuring continuation of the Jones-Costigan sugar control program whieh admittedly has kept prices up. M Sure, we".i all vote the straight Republican ticket—if w© have āll gone as nuts a« the sugar planters who oppose the policies of th? President whose policies has increased the value of thelr crop by more than $20,000,000, as eompared with 1932—under Hoover—the President vvhose policies have enabled Hawaiian cor.porations to pay jusi exactly double the-dividehds in 1936 that they paid in 1932—and the President whose policies has increased the valoe of stocks in Hawaiian corporations by many fo!d!