New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-02-24
THREE TRUSTS LAID BARE.
SUGAR, MILK AND RUBBER UNDER FIRE
Mr. HAvEMEYER SUBMITS AsTArsMENT-"ohA o'
THE MILK EXCHANGE.

Mr. HAyEMEYER SUBMITS AsTATfMENi-"o w.
THE MILK EXCHANGE
Tbree trusts were examined yesterday by 1io
Senate Ivestigating Committee, Inc ous"i
6uss was by far the most Important, anu SUM-
Ancts of interest were elected Inc MILK if"''
and tho Rubber Trust were the other two exam
t,.d and information Of some consequence WAS
obtained.
Henry q. Havemeyer again called before
<he committee when the members assempieu III
.he Supreme Court Building, In the morning
lie brought with him two papers which threw
so,oe LIGHT ON the manner In which the affairs
~ the combination are conducted. One OF the
rarers WAS blank form or statement which Is
90. ont daily and sent to the secretary Of the
hoard The various corporations are arranged
according to their propOrionate interest In the COM
h;na,ion In the upper left hand corner OF the
enc produced was a large letter A when ques-
toned as TO its significance Mr.. Havemeyer al
mi,ted that il meant Havemeyer q Elder the
iaroast firm in the trust. The other paper was
q certificate Of stock and was in this form;
TEMPORARY CERTIFICATE.
(Th6 certificate 'ciu be s,ehangsS to' one e"0"'e"
THE SUGAR REFINERS' COMPANY.
SHARES. ONE HUNDRED DOLLARS EACH.
o, N0 10 SHARES.
TIE SUGAR REFINERS' COMPANY.
r,,s ,s 20 certify that H. O. HAvEMEYER is etitled
4. .,xteen shares OF THE SUGAR REFINERlEs' CUM
fANY. ara NM
This certificate is issued under and subject 70 tne pro
visions Of deed dated the sixteenth Gay OF August oo'
n .ha,as represened by certificate are ranserreu
nv the holder and his personal representatives III person "
Nv upon the the Board and not otherwise
md only upon the surrender Of this certhcste'
They entte the holder 10 the rights ana are suo!e0'
She provisions included In this deed
The interest OF holder is in the proportion OF inc
number Of represented by this certificate TO the en-
tire number OF shares outstanding Inc toIa anou"'
renreened by outstanding certificates and the terms OF 'e
DFFD NAV he changed from time time by majority In
interest as therein provided.
In witness whereof Board has caused this certhcato
70 be by President and Treaure and the sea-
che Board TO thereto this twenty seventh Gay OF
December 1887.
(seal) THEODORE A HAvEMEYER
President
JOHN E. sEARLEs JR-, Treasurer
On the reverse side Of the certificate was writ
zen the blank form Of transfer, usual to all Ger
,tfcates Colonel Bliss tried lard to get at the
deed Of trust, referred TO as being In the orlgina
agreement. but Mr.. Havemeyer said that no Ger,
tifcate-holder could inspect It, He was questioned
closely regarding the daily renorts TO the secre-
tary. but nothing new was forthcoming
d There seems to be an endemic among sugar
men," said Colonel Bliss, after he had called the
names of several men and all were reported as
Sick or gone to Florida suggested Senator
Coggeshall. and everybody h9ghneo Inc h"lnce
SicrclS. of the Moller * Serck Company anu hr'
Wiechers
INVESTIGATING TIE MILK TRUST.
After Mr. Havemeyer's examination delay OF
acme time occurred and then Pierson +. Sanford
was called. The first few questions showed that
he is a milk dealer and that the Milk Trust was 10
be investigated. Mr. Sanford is the president of
.hs Milk Exchange. limited, and he gave con-
adorable valuable testimony hearing upon the
manner in which the Exchange does bn nd
has Ss milk f faTa the farmer and IN
tnrn sells 1t to the dealer taking for its trouble
per cent of the sales The witness SAID that they
pao the farmers from t. 3l2 cents quart. ne
md not received anv paw for his services as presl-
dent The secretary. who is also treasurer is now
In Florida for his health The farmers ne ADDED
were always growing.
Senator CoggeshallWhat do you mean by gro"nngf A.
I mean that you car never please them
Q-Then you that they don't Ike the way 'he' "o
treated by the Exchanged Ayes guess thatis
THE FARMERS HAVE word.
Oscar W. Mapes, an Orange County farmer, said
hat the Exchange controlled the price of milk.
The farmers tried to ship their own mix, ana
formed stock company with capital OF SZo'Ooo'
divided among 600 members, VINO are'pro1uceIs..
Samuel W. Howard another farmer, also !estI'
sed IN the same line as Mr.. Mapes but his testl-
mony was stronger. The price even 10 the cIeeSe'
mediate neiChbOrhoOd OF the Farmers hoinoS 10
controle ed by the Exchange: r.,,o ,irootors
of the Milk Exchange ana also lHI w,
farmers association. was sworn. he also tesIIlIeu
that the pIice of the Milk Exchange governed me
price hat they paid TO the farmers. lie sald tlaI
m TO the time that the Exchange was
snrme6 there had never been any
,rosn""sibla nersons who would tell the
FARMERS lust What they could get for their milk
No one was responsible enough for the farmers -
They 4 duet from that price certain per cent 10
nav Tor getting the milk to the depot. -,
I'M. ended the nvestgaton luo the mn 4 GH-
change and the reported formation oi me lHHla
Rubber Trust was then taken up. John J, YER
meule who attended the first meeting held, bu,
withdrew after that from the combination, salu
th Z he went TO hear report OF the cohmillee 81
a.. fo,mation Of the trust The members were 10
snrrender their stock and get in return cerihcate
representing II. The committee reported INA an
proposals were rejected and the plan was aDah,
Soned This was the last Of the rubber trust ana
fhe witness was excused. The investigation Will
ne ned to-day.