Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-06-25
The Court of Appeals Decides Again
the North River Comnanv

The Court of Appeals Decides Against
the North River Company.
SARATOGA IN. W, June 24th.-The Court OF
Appeals this morning handed down q decision
in the case of the North River Refining Com
pany (the sugar.trust easel, dismissing with
costs an appeal from the order of the special
Term denying In part defendants motion for
stay OF proceedings; The decision is strongly
Courts In dissolving thetrusts are fully affirmed
Ihls tact was not apparent in the first decision
handed down at 10 o'clock, the decision being
tent was not apparent At II o'clock, however;
the Clerk announced that there had been mis-
take in preparing the decision His deputy
cIerk had left out the most important feature of
af1lrmed In toto the decision of the lower Courts
WHAT WAS DECIDED.
NEW YORK, June 24th.-To-day's decision on
the sugar trust matter is side issue OF the main
question as to the legality of the trust 1t is on
an appeal from an order refusing stay to pre-.
vent the receiver from taking possession and
disposing of the property of the North River
sugar Refinery Company and dismisses the STAY
The receiver may now dispose OF the company s
properly. The decision as to the legality of the
trust may De handed down this week, but prob
ably Will be withheld until October
WHAT Mr. HAvEMEyER SAYS.
NEW YORK, June 24th.-A later dispatch from
saratoga says the decision in the Court OF Ap-
peals has settled the main question at issue in
the sugar trust. General Pryor who represents
the Attorney General in the cases brought
against the trust says the effect of the decision
IS to destroy one member of the trust the North
River Sugar Refining Company, and now
nothing remains but to sue each member of the
trust. The proposed transfer by the sugar trust
OF the properties to a corporation under the laws
OF Connecticut and New Jersey may not be
easily ACCOMPLISHED. The Court has already
granted an injunction against the trust proyid-
ing against just such q move The next step
will be taken by the Attorney General. The
action of the Court of San Francisco in the case
OF the American Sugar Refinery will give the
sugar trust people there some comfort, for il
may be precedent in the present cases. The
price of sugar certificates was well maintained
after the publication of the final decision. They
were held firmly between seventy-one and
seventy-two. Theodore Havemeyer, of Have
meyer Elder, said: "The trust will not dis
band. 1t will be SO altered as to bring the or
ganization within the letter and spirit of the
law. There is nothing about the opinion. SO
far as know, preventing the consolidation of
refineries"
Supreme Court Justice Barrett referring to
the decision, said: This is matter in which
have taken greater interest, think, than any
other which has come before me. This aues-
tlon OF trusts is, l think, almost of as much
consequence as slavery"
On the street the sugar people and those in
terested in the trust appeared to be more
amused than disconnected by the decision of
the Court. They say the trust has not received
its death blow, but will still continue. Only
the method OF doing business will be affected