Col. Edward N. Johnston and Robert C. Cutting, consulting engineers, last week brought suit for $500,000 against Refined Syrups, Inc., of which tall young Charles Shipman Payson, son-in-law of the late Payne Whitney, is a big stockholder. They told this story:
For many years Refined Syrups lost money. Its chief problem lay in the heavy duty of $40 a ton on the sugar-syrup which it imported from Cuba. Consultants Johnston and Cutting were called in. They found that if the solution were 48% sugar instead of 68% the duty would be 83^ a ton....
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