The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-01-07

ted 10 see only the outs de. over $4,000
was advanced for his machinery. Mrs.
Freund, Mr.. and Mrs. Howard and two
relatives, whose names are unknown, locked
themselves MP in the laboratory. Some
%. 900 pounds Of raw sugar were introduced
into the secret room. Ten minutes after
ward the pounding of machinery was heard,
and refined sugar began to pour through
chutes two floors below. The sugar was
pronounced by sugar experts the
finest ever produced. 1t was as white
as driven snow, and formed into beauti-
fully variegated crystals varying from the
size of pin head to that OF a beachnut.
Seventy barrels were produced in two hours
and forty minutes. All present pronounced
the test complete success. 1t was thought
that every sugar-refning place In the cOun-
try would be rendered valueles. The
Freunds claimed that their process would
reduce the cost of refining ton from $40
to 20 cents. Mr.. Robertson ordered his
English agents TO buy all the stock possible
in the English market at any price. All
that could be procured were some sixty
shares for S35, 600.
Matters came to crisis last week. Mr..
Cotterill, the president Of the company,
went to Milan, Mich, last Saturday, where
Mrs. Freund is living with Mr.. and Mrs.
Howard. He had receipt IN his pocket
for $40, 900 deposited in New York trust
CJuibdl LAO ilcb -hi9. i'OAAAA NAttA hoL
relatives in the Office Of her lawyer at
Milan. Mrs Freund claimed that the pro-
cess was not quite yet completed, and
wanted more money advanced. Mr.. Cot
terill offered the 900 as an earnest, if
Mrs. Freund would reveal the sacret pro-
cess there according to the contract she had
entered into. His lawyer, he said, was
really to apply Immediately for patent in
Washington. Mrs Freund refused all over
lures.
Mr. Cotterill returned 20 New York and
explained the situation to his fellow officers
1t was at first thought that DIR. Freund
mad been tempered with by the sugar re-
fiQin2 trust, which at one time vainlY en-
deayOred to buy a controlling interest in
the company. To set still graver suspi-
cions ct res it vas determined TO break
into the secret room at the factory. This
was done w edne5lay NOR ing The Off
GERS and stockholders Of the company were
astonished at the sight. Wonderful cleo
tr.cal machines there were mono. Empty
barrels stood about the 70 IN, and the huge
cases marked Machinery we're empty. In
the middle of the room were some
ordinary crushing machines. The
$4,000 pounds of raw sugar, which
they had fancied three weeks before
to be pouring down the chutes in a marvel
DUSTY transformed shape, stood III the room
untouched. The mystery was explained.
The huge cases had contained, not machin-
cry, but barrels Of refined sugar The
crushing machines had smashed the cubei
form sugar into the crystal or snowflake
sugar. Only one consolation remained.
The refined sugar which had been surrepti-
tiously introduced in the cases had received
some treatment probably chemical, which
made it of purer quality and wilderness
thru any refinery had ever produced. The
possession of this secret alone might be val
liable, and might save the company from
irretrievable wreck.
Messrs. Cotterill and Robertson in strict
honesty, however, Immediately csbled TO
London that certain developments during
the day had caused them to believe that tn,
process was II failure, without awaiting
themselves Of the opportunity to dispose Of
the 1000 shares which they had N the
treasury of the company. Tho shares fell
from g. to II on the London exchange owing
to this cable. The report OF this slump
Thursday created a stir in sugar circles, and
prolific were the reasons offered for this
enormous decline
Mr.. Cottreil took the train for Milan,
Mich, Thursday night, with blood in his
eye. He will eudeavor to compel Mrs
Freund to make clean breast of the mat
ter. He hoped that the possession of the
process which had produced such a marvel
Gus crystalline change in the refined sugar
would at least prove Of value. lf entreaty
Is not available legal proceedings NAV be
resorted to.
Mr.. Robertson said Yesterday: AZ am
preparing a statement. which / will make
public in a few DAYS. We have been grossly
deceived either bv Freund prete idiag to
have a secret process which did not exist or
by the Withholding Of the benefits OF the
working Of that process. The loss will fall
almost entirely, If there IS any, upon the
officers OF the company and nv English
friends. Over $500, 900 has already been
expended for plant and machinery ami
in advances to the Freupds for use
in perfecting the process We end favored
| to recsify the deception under which we
and the public have labored the moment
the deceit was discovered. [ have in my
dssk here script for 500 shares, for which /
have refused enormous prices. Such was
my confidence II the process that [ en-
deavoreI IN the last lev months to buv all
tho stock could obtain il the mark I. Oae
thing which is a mystery 20 us is the fact
that the Freunds hold $500 shares, and
have steadily refused all offers to sell. Whv
they should hold on to their stock if there
is nothing in the process is inexplicable to
me, and have been unable to find a single
share that they havs sold.r
The losses enta!lod bv the pricking of this
INDUSTRIOUS bubble are difficult to estimate.
The 5000 shares IN l. gland were sold
listed on the London Exsaa' ca at 5S5 onIv
".1.- ~ "a 200 nv, = . o'''4 i-1-Ao q VS. 700