The Hawaiian gazette., 1889-05-07
HI AMERICAN REFINERY.

The following from late Alta
California wiI be OF interest to our
r'euE-le=
Trr Alta reporter Mr.. Rudolph
Ez==al said yesterday, when
s-as7rr 1f the sale Of the refinery:
There Is nothing II particular to
~ ar-ar- that Messrs. Havemeyers
Il Fi5e-. who are both quite wealthy
er ssw AZ opportunity here Tor
making q profitable investment, and
nave purchased the refinery on terms
satisfactory 70 themselves and pro
t-zale 10 the company The terms
az -lse sale are private. l Will be the
--s-a- fur the firm, and We shall
e1r-=-ue the business a. heretofore F"
Does TINS change mean that a
-1--e vigorous war vii be waged on
Coast against the Spreckels"
FzEzl me reporter
We will not wage q war against
any ore but VIII Of course, compete
F- tr1-ness Oh business principles.
Tasra maybe no changes even IN
-se personnel Of the clerical force IN
-1e 055ce
4De Won intend to branch out into
IT, fee1 sugar ludustry!
There ! no such intention at
-r-a=a--- 50 Ear a. ! am aware. We
snail continue 10 get our sugar from
E Islands
i the American Sugar Refinery
member Of the trust!"
W szr. 10 more than you are a
member Of the trust 1t Is d private
-z-rure 1T Messrs- Havemeyers and
u der. and Is not In the trust"
WI there be any Immediate cut
l- -le rates.
No. 7 lLiuk not. The present
mouth w5L probably maintain a
strong market We are now in a
better position than ever for carry
5ur 81 business and have very
strong backing.
Mr. Ezsza- was q member Of the
fr-n df Delafeld. Morgan, hissel y
CO. winch has reorganized under
slle uaue0 Delaield. McGovern q
Co. rr New York and Chicago.
2 " Zeile. Of the American Su-
Gar Refinery Company, was asked
5hs- the sale. He said: We sold
ar- I'D a profit. The American Su-
cs- Refinery Company viii continue
d. corporation. though not for a
r7lile ID least actively engaging IL
-lae refining Of sugar. Some time
81 THE future We may 90 into beet
sugar iut tLere i no definite in
formation % lmpart on that topic.
Eo- may say the company does not
5isznc1rp0rate and may some time
z-ez5n - INTO q refining business"
C A Sureckels was asked if the
szu-e u ownership IN the Ameri-
can Company had any significance
So Ezr - the California Sugar Rein
er T. CONCERNED. He said all he
Anew II tie matter was obtained
from the circulars which had been
san around 10 the trade. He was
rather inclined TO the belief that the
only .clsn-e was one Of name and of
10 particular significance. He did
ua7 expect any more aggressive war
OIL lhe California Sugar Refinery
-1Eu had been the case IN the past.
II they should announce a sche
Gule q materially reduced prices,
var would meet the cut2'
We'll. 4 think" said Mr.. Spreck
els I'VE would as usual, keep up
=5th the procession.
II u the prevailing opinion among
fabbars that the change Is only a
Tsarser one. and that 50 far as the
fusinezs ron tins coast Is concerned, !
there VII be no departure from
methods now prevalent.
The fact i. said one gentleman, |
-Ehe trust back East has received a |
rarv black eve from the Courts, !
which have held that the trust is
Illegal and the companies so combin- |
NJ babe 10 forfeiture Of their cor
porte rights Fearing similar pro
sscuUon and Judgment here, the |
american Sugar Refining Company
las transferred Its property and |
bushes 10 Messrs. Havemeyers &
Eldsr. who a. private individuals |
cE1 90 into 3 combination or pool, |
zzhich move. IN view Of the ruling of |
the New York Courts, 1t would be |
izEzzrdogs Tor q joint stock company |
30 undertake. That, at least, is my |
1-5ui1r. and / think II Is correct"
Ii r7-lI be remembered that some |
months ago the local Tammany So
Es-r appointed q committee to ex-
z-u-ne INTO and report upon the |
sas1tllity Of prosecuting the mem
rs on tins coast Of the sugar trust. |
be Committee has reported IN favor
N s1ch prosecution.
The zur5nnz1l0n- vague as it Is, that
L American Sugar Refinery Co.
zv engage IN the beet sugar indus
- Increases the interest in that sub
'sc1 The Spreckels have been very
slccessful with their beet sugar pro
KS "a this State. The Watson
~ mil vii be started early and
- cuutlnue later than last year. a
rFrr large acreage VIII be put in
-rrzr beets il that region this
.ssson. For the past two months
lsre has been q steady demand for
.nrzr beet seed. The demand comes
- al sections Of the State. Some
veu hundred letters from appi-
rs for the seed have been re-
re5- Improvement societies and
-1ars clubs have been urgent IN