The Hawaiian gazette., 1889-04-02
HE DOCUMENTS II The CASE.

HE DOCUMENTS II The CASE.
The following are the papers re
lstlng 70 the organization of the
company commonly known as the
sugar trust" to which we made
b1ef reference a few days since. j
careful study of these, together with
Prof Dwight's argument Tor, and
Judge BaTrett's decision against the
legal standing Of the trust ar
rsngement. viii enable those fami-
Lar with business affairs and com
ns-oisl organization. to obtain a
more Intelligent understanding Of
me merits OF the questions now at
issue in the New York and Cali
5orlia courts, than could be got
rom any amount Of generahzed
trust spologeues on the one hand. or
@: antitrust invective on the other.
DEED.
-HE SUGAR REFNERIEs COMPANY.
Inc undersigned, namely:
Havemevers K Elder. The DeCastro
AID Donner Sugar Refining Company,
T. .. Mat,hiessen K Weichers' Sugar
Refining Company, Havemeyer Sugar
Refining Company, Brooklyn Sugar Re
Eu5nc COMPANY, the firm OF Dick &
Never, the firm OF Moller, Sierck & Com
pzny. North River Sugar Refining Com
pzuv. the 7rm Of Oxuard Brothers, the
Standard Sugar Refinery, the Bay State
Sugar Refinery, the Boston Sugar Rein
Inc Company. the Continental Sugar Re
zne-y and the Revere Sugar Refinery.
51- the purpose ci forming the board
hereinafter provided for and for other
Purposes hereinafter set forth, enter into
Ile following agreement:
SANE.
The board herein provided ior shall be
designated by the name O. The Sugar
asl1eries Company.
OBJECTS.
The objects Of this agreement are
= To promote economy OF admins
--z-5o1 and 20 reduce the cost OF refining.
-hCs enabling the price Of sugar 10 be
EsV- g low - : consistent with q rea-
s1nsrle profit.
. To give 70 each refinery the benefit
e al appliances and processes known or
-sei by the others, and useful 70 i'm
p-0ve the quality and diminish the cost
q refined sugar.
g. To furnish protection against unlaw- !
n combinations OF labor.
:. To protect against inducements 70 /
lover the standard oi refined sugars.
<. Generally 70 promote the interests 4
q the parties hereto in all lawful and 1
t-l-zhle ways
BOARD.
Inc parties hereto who are not corpor- /
z-o1s shall become such before this /
deed takes effect.
zach corporation subscribing hereto /
z-rees I'D the parties hereto who are
10. corheratols agree as TO the corpora
-5ous which they are 10 iorul, that all the
shares q the capital stock OF all such !
corporations shall be transferred 20
olz-5 consisting Of eleven persons, which
nav he increased 10 thirteen by vote OF
The majority Of the members OF the entire
board. the two additional members 10
belong respectively 70 the first and
second classes hereinafter provided for.
ANY member Of the board may be re-
moved by vote OF two-thirds Of the men,
zz-s O. he entire board. in case OF inca
1zC5ty OF neglect, Or refusal 70 serve.
ANY member may resign by filing
; rz--e1 notice OF his resignation with the
secretary q said board.
a..
-embzrs shall be filed by appointment. !
5E vote Of the majority OF the members
Z the entire board
L member appointed 10 I'll Z vacancy /
hail hold Office until the expiration Of
le term Ot the member il whose place
be 5s appointed. which new appointee
Lzl s-cceei 70 I'll the rights, duties and
ID cations OF ms predecessor under this
ICED.
Vacancies by expiration Of Office shall
la filed u the annual meeting OF the
-ol5ers q certificates herein provided
O. OF Il such other times IS shall be
r-ascr5bei by the board.
such annual meetings shall be held IN
-e civ q New York in the month Of /
---e. and notice shall be given 10 each
z--iEczte holder OF record. Of every
-ee-in- q certificate holders. bv mailing
o him AZ least seven days before said
meeting. ! notice Cf the time, place and
5iects q such meeting. Holders Of
=--l-icz-eS shall vote according TO the {
-nher ot shares Tor which they hold
s--z--icztes. They may vote bv proxy.
The board may make bylaws. All
-znEsmelts FOR meetNgs. elections,
I'd II details not herein specifically
rcv55e3 for. shall be made by the board.
member OF the board may act by proxy
-- any other member with like effect as
he Eere present and acting.
= majority OF the members o. the
.-zr5 shall constitute . quorum Tor the
-z-sac1cn OF business. The action Of ,
.1zr5 meeting. by q majority vote OF
-cl meeting. shall have the same effect :
: -le unanimous action OF the board,
xcsr- - herein otherwise provided, and
nat 10 authorize the appropriation Of
money. bonds or shares, shall require ,
le assent either written OF expressed by
-u-e. & . board meeting, Of At least :
majority q the members Of the entire
lozr5-
No member Of the board shall, during
he tine thar he holds Office, buy or sell
.-EaT, OF be interested directly or indi-