St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-04-17
CRIPPLED, BUT sQUIRMING.
Members of the Sugar Trust Are
in Trouble.

Members of the Sugar Trust Are
in Trouble.
New YORK, April 16.-The Herald
says: The sugar trust has gone to
smash. But its sonl is still on earth
tiOn is given upon the authority of
gentleman who knows exactly what he
is talking about, but whose name is
withheld from publication at his partic-
ular request. On Feb. 16, 1888, by reso-
luton of the state senate, the senate
committee on general laws began an
investigation relative to trusts, and
Gen. Roger A. Pryor was appointed
counsel to this committee, more
generally known as the lives COM
mittee." Long and tedious eXami-
ationS and investigation followed, and
suit was brought at the instance of the
committee against the North River Su
gar Refining company. corporation
forming part of the sugar trust, Oh the
ground that the company referred to
had violated and therefore forfeited its
charter by joining the trust. Judge
Barrett, after careful consideration of
Gen. PryOr's arguments, decided that
the North River Sugar Refining COM
pany had violated its charter by joining
the trust, and a receiver for the COM
pany was appointed. This victory
caused the trust to tremble and look for
some means of lodging the law, for it
was apparent that similar action could
be successfully taken against the
other corporations forming the
Sugar Refining company (as the
Suit was recently brought against the
American Sugar Refining company at
San Francisco in the name of the peo-
pie and upon the same allegations that
were used by Gen. Pryor in the action
against the North River Sugar Refining
company, and then it was discovered
that the American Sugar Refining COM
pany had assigned to Theodore Have
meyer, Henry o. Havemeyer and
Charles H. Sneff. Under these circum-
stances, of course, the case of the peo-
pie in San Francisco must fall through,
for having no property by reason of the
assignment. receiver cannot be ap-
pointed, and the company will possibly
be run quietly by the two Have
meyers and Mr.. Sneff. The peo-
| pie of this state have an action
| pending against the Havemeyer IL
| Elder company, and the case was to
have been tried in May, but in despair
at the fate of the North River Sugar
| Refining company, and in view Of the
fact that the American Sugar Refining
company has assigned for obvious rea-
sons. practically to the Havemeyers per-
| sonally, the assertion that all the cOrpor-
| atiOnS in the trust have also assigned,
| possibly to the same people as the
| American Sugar Refining company,
and thus hope to escape prosecution,
seems to be founded on fact. The sue
| cess of the action against the North
River Sugar Refining company was
based on the fact that the action was
brought against that concern as cor
poration, but the result might not be
the same if action were brought against
Messrs. Theodore A. Havemeyey,
Henry o. Havemeyer and Charles
| B. Sneff, for instance, as individuals.
Naturally, the gentlemen representing
trust interests had nothing to Say''
when questioned yesterday as to the
truth or untruth contained in the state
ments made about the sugar trust, but
| it was admitted that great change had
taken place among the corporations
forming the sugar refining company.
At the headquarters of the trust, No.
112 Wall street, a very lively days busi-
ness was done. Throughout the after
noon, clerks and others were rushing in
and out, exchanging old certificates foT
new ones; but the amiable treasurer,
| John E. SearleS, would not even make
any comment upon the curious disclos-
ureS made in San Francisco at the trial
of the suit against the American Sugar
Refining company.