of a million of dollars in that one year to the farmer, because of the income, and in the entire milk producing territory to nearly $2,000,000; now under that 'increased price of forty cents. for the year I have never met a dealer or a producer that didn't claim that the easiest and pleasantest and most prosperous year of the milk business was that same year, the dealer giving as his reason that there was no competition, all paying the same price, nobody cut under him, and the producer knowing what he was going to have could arrange his dairy ahead, and that was based upon the price of forty cents, whereas to-day it amounts to only about thirty-three, and this same dealer is having that under competition coming from this one-half cent margin or one-fourth cent margin that is continually breaking the business up.

Q. Under the present prices do the consumers in New York get the milk generally any cheaper than they got it when it was selling for forty cents?

A. The average consumer of New York I don't think gets his milk one bit less than he got it when the price was forty cents.

Q. About how many millions of dollars does the difference between thirty-three and forty cents represent?

A. Nearly two millions.

Q. Connected with this question as to whether the Legislature shall take any action, it involves annually the sum of $2,000,000 to the producer?

A. Yes, sir; without any increased benefits to the consumer in New York.

The CHAIRMAN. The hearing will stand adjourned.

APPENDIX.

A. CONTRACT OF ATLANTIC MINING COMPANY, WITH THE FRENCH

SYNDICATE.

B. AVERAGE SELLING PRICE OF COPPER SINCE 1859.

C. LIST OF COPPER MINING COMPANIES IN THE UNITED STATES.

D. EXTRACT FROM REPORT OF JAMES LEWIS & SON.

E. COPY OF CIRCULAR LETTER, BY NATIONAL WHOLESALE GROCERS' ASSOCIATION.

F. COPIES OF CONTRACTS WITH COTTON BAGGING COMPANIES.

G. TABLE; PRICES OF RAW AND REFINED SUGARS SINCE 1885.

H. SECOND TABLE OF PRICES OF RAW AND REFINED SUGARS

SINCE 1885.

I. LETTER FROM JOHN E. SEARLES.

J. STATEMENT BY MR. THURBER, AND CONSTITUTION AND BY-LAWS

OF THE WHOLESALE GROCERS' ASSOCIATIONS, AND RESOLUTION.

K. PEOPLE V. NORTH RIVER SUGAR REFINING COMPANY.

A.

Contract of Atlantic Mining Company with the French Syndicate.

Agreement made this nineteenth day of April, in the year one thousand eight hundred and eighty-eight, by and between the Atlantic Mining Company of New York, a corporation organized and existing under the laws of the State of Michigan, hereinafter called the sellers, and La Société Industrielle et Commercialle des Métaux de Paris, hereinafter called the buyers;

Witnesseth: The parties hereto having in consideration of the sum of one dollar to each of them in hand paid by the other, at or before the ensealing and delivery of these presents, the receipt whereof is hereby acknowledged, and for other good and valuable considerations to them thereunto moving, mutually agree together as follows:

First. The sellers herein agree to sell and hereby do sell to the buyers the entire copper output of their mines for about three years, commencing May first, eighteen hundred and eighty-eight (May 1st, 1888), and ending December thirty-first, eighteen hundred and ninety (December 31, 1896), estimated at four million five hundred thousand (4,500,000) pounds of refined copper for each or the three years, and at all events not to exceed this amount per. year; deliveries by sellers during 1888 not to exceed two-thirds of above stipulated yearly amount.

Second. The price of such copper to be thirteen (13) cents per pound cash on delivery in New York, and in addition such sum as shall be equal to one-half (1) the net profits realized above this price on resales thereafter made of said copper as hereinafter provided.

Third. The copper is to be made by the sellers and delivered to the buyers in any shape or shapes or sizes ever made by the Detroit and . Lake Superior Copper Company, which the buyers may desire and designate according to schedules to be furnished to the sellers by the buyers through Jere Abbott & Company, of New York, provided such sizes can be made of the company's mineral by the smelting works, but in the absence of schedules the copper is to be put into ingots. [Senate, No. 64.]

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