The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-09-05
THE SUGAR TRUST.
j. L. Keene Said to be Operating Largely for
Havermeyer in Wall Street.

J. Z. Keene Said to be Operating Largely for
Havermeyer in Wall Street.
Especial to THE HERALD-Examiner Dispatoh.l
New YORK, Sept. 4.-There was story
in Wall street yesterday that J. R. Keene
was operating very largely and chiefly in
the interest of Havermeyer and the people
identified with the Sugar trust The story
was that Keene had met Bonner through
their mutual interest in horse racing; and
the result was that Keene had been engaged
to engineer various deals on the street af-
fecting Sugar trust certificates. Bonner
holds some prominent position in connection
with the Sugar trust people, but exactly
what it is, is about as much of a mystery as
everything else concerning that unique or
ganiZation, but is extremely interesting
from the fact that the salary attached to it
is said to be 100000 year. Before the
trust was formed, Bonner was head and
front of the Bonner Il Dreastro Refining
company, whose factory is located in
Brooklyn, just above Havermeyer's place.
One result of the organization was the
closing up of the immense factory, and of
course Donner' s immense salary is probably
received in part as compensation for this.
Nearly everybody in Wall street is talk
ing very bullish about Sugar trust certi-
ficates and an extra dividend of % per
cent. is announced for speedy payment,
but the people who declare their infOrma-
ton to be good say Keene is leading a
movement in Sugar trust certificates SINH
lar to the one engineered by him some time
ago with respect to Lead trust certificates
when he first hoisted quotations and then
lowered them and made money both ways.
Keene owes &, 00O, 900 on the street and
making money are circulated his creditors
become Immediately and very eagerly in
terested. Those who claim to know of Mr..
Keene's connection with the speculation in
Sugar trust declare that of all the bull talk
this is nonsense, and that it is the purpose
of insiders to drop it within few days
and shake out anumber of weak holders.
Pennsylvania Democratic Convention.
HARRIsBURG, Pa, Sept 4.-The Demo
cratic state convention met this morning.
The Hon. Samuel w Wherry, of Cumber
land, was chosen temporary chairman. In
his speech of acceptance he eulogized ex-
President Cleveland, the mention of whose
name was received with great applause.
Congressman j. b. Riley was made per
manent chairman. The platform applauds
the action of President Cleveland looking
toward tariff reform, and reaffirms the de
claratiOns of principles made by the demo
crazy at st. Louis in 1888, especially that
demanding a revision and reduction of
tariff taxes. 1t favors the admission free
of duty of all raw material where it will
enlarge our product and increase the de-
mand for labor: denOunces trusts; accepts
the decision of the people of Pennsylvania
on the prohibition amendment as declara-
tien in favor of reasonable, just and effect
! i've regulation of the traffic in ardent
spirits; fayors the Australian ballot
system; favors a liberal pension law for
honorably discharged soldiers, but the
giving of pensions to other persons is de-
nounced as an injustice to those deserving
recognition Edward A. Bigler, of Clear
field county, was nominated for state trea-
eurer. Adjourned.