The sun., 1888-12-14
LAST HACK AT THE TRUSTS.
ELBThToR MEN DoDGBD THE M,EToT
BILL vERY NEATLY.

Got Pecl OF live Houses and Dead Houses
Same no tho Sugar Men-only Six Trust
Rehneries Running-Frofts OF the Year.
The Sugar Trust was first and last to have
the attention OF the Senate trust Investigators
In the Court House yesterday. man who
looks wonderfully like Jay Gould was one OF
the listeners.
Henry s. Henry, q commission merchant OF
this city, said that tho market for raw sugar
had been demoralized since the formation OF
the trust The trust had become the only pur-
chasers. save for scattering, small orders from
Boston and Philadelphia. The result Is that
consignments OF raw sugar to the New York
market have vastly diminished. and as there is
no competition the holders have 10 accept the
trusts offers. This makes no appreclable differ
ence to the consumer, but It is rough on the
commission men.
A. T. Gray. who controls an extensive grain
lighterage business. testified that the McEvoy
bill. reducing and fixing elevator charges was,
In his opinion, unconstitutional. So, as friend
OF human liberty. he sought to test it. He ar
ranged that Francis L. Pinto should charge
him the old price for unloading. Mr. Gray paid
the bill and had Mr.. Pinto arrested in criminal
suit. Mr. Pintos defence was the uDconsti-
tutionajity OF the law. and, Mr.. Gray's suit
rested without ~ argument nm on the admitted facts. cts
sate hs he SGGded
won through all the courts SO far. and now we
are waiting for the decision in the Court OF
Several grain mon from Buffalo testified that
the law was a dead letter. One OF them was
George Sandrock. grain commission merchant;
The elevator men said that the charges , liked .t
tho LegisatGre would nave @ drlyen % tnem IN roI o%s
the law. The law was evaded by charging ior
stSrage for every ten days or fraction thereof
even free ten minutes storage. Thus the ele-
yator men get exactly the same rates as before.
Agreement Of the Elevator Association. There
are forty concerns In it. twenty-seven OF which
nSdsa ns S Ta enPFs Of % 9s The
aside, to be divided according to their respec-
tive shares in the association among the uctive
among ali the members. :. dead houses in
cluded. Mr.. Sherman said that there was
evator, becoming q member OF the association.
and drawing his share OF the earnings without
once starting his mnehnGrS cry Ine SehaI4rs nnIa
"iea AIeaandeP and Orr resident Of no Produce Ex
Sesn eebspd tn sra as The
State would be safer, he said IL those CONNER
chants. The laws cnnnot be modified quickly
to meet changed conditions.
r4Ss Sss sssrss ast
recalled: He said that no re6neries ~ S had Ioined
shutting up OF the reflneries was done by ad-
vice of the Executive Committee OF the trust.
By Col. Biss-The North River Company is perma-
nently out OF business Is It not A-So.
Q-Has not the North River Company sought to be re.
lieved OF the corporate tax the ground that IL was
out Dusiness A.-No, 1t has paid taxes its real
estate sought for relief from corporate tax on the
ground had other than its real estate.
which had iresdy been taxed.
Q-Whnt dividends has the trust pads A.-On April
J. ~ per cent: July ]. III per cent; Oct J. per
cent per the first OF its organization
Q-Ths Is computed. OF course on the amount OF out
standing trust cerhcatos Now is IL not fact that
valuation Of their plants recall for % instance that
the North River Company valued at s3soUn IL repre-
sented in the trust certificates at S3s5ooo Aud tho
Havenieyer Elder Company
Mr.. Parsons-There is no such testimony Itwas ruled
out as privileged.
Mr.. Searles denied that the figures we're cor
rect He said that there has been no scarcity
Of sugar since the trust was organized. and
that more has been made than before. the
margin Of profit as advanced by the trust Is
not excessive, as compared with the profits for
ten years back.
The committee then adjourned sine die. AS
they were leaving. Col. Bliss said:
Parsons. you nre discharged. cured"
"All right, Bliss" returned Mr.. Parsons.
don't you fret about me. I'm well. If you
were as well as am you'd be happy.
IT don't wondern retorted the Colonel.
with ali those certificates Of yours"