Business & Finance: Spreckels Sugar

Spreckels Sugar

Rudolph Spreckels, onetime political reformer of San Francisco, more recently a harbinger of hope to the sagging sugar in dustry (TIME, Nov. 19), made a gesture last week. President of Federal Sugar Refining Co., he announced the formation of Spreckels Sugar Corp., capitalized at $20,000,000, to take over the business of Federal Sugar Refining.

Not unctuously, but boldly, Rudolph Spreckels explained: "The new company will be controlled by me personally, and I have permitted my name to be used as an assurance to the public that I have faith in the future...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!