New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-10-27
TuEIR PLAN REJECTED.
rur ArroRNEy.GENERAL AGAINST THE
SUGAR TRUST.
GAYS THAT A REORGANIZATION Is i~'o''
s,n1E AND THAT HE WILL MOVE FOR 1hA
.rro,srMENr OF RECEIVERS FOR
,Iy. THE NOMINATIONS


,os, nlan proposed for the reoreanlI".S, ...
-. ~. Sugar Trust has been eece. .u.so,;tv
,..ornev-G General on account OF i'' - ,ast
=. was reported during the ls'tef p;.o,.d POI" all
-...L that the Attorney-Genemi h"u ,.,;ves Of
,.s schemes proposed by the ep'e - chat in
o., Trust. and that he had saio ~ 1rrs, was
III. ;udrment q reorganization o' o"o civ move
;r,nossibie. and that he wouio cons =, rcceivers
-, an early day for the apponnssaas. which are
~ the diffe cnt companies III .h'. T., tho oase as
members of the Trust. Inc '"T. T-,hnre Yesterday
obtained by reporter OF M ihe .ource are sub
from an entirely truo'"
.tsntially as follows .r;,ation of the
"ol',"' h.ve been submitted 10 'he A.vo.ASS
Sueai ta his anrroval, which " was '.o"snS t,s
Uenei"i ~ .o the conditions SET Ior'h a. VI"
hhph' 0' .ho Court Of Appeals unoer whi0n
oecision y. r;obt be effected bu' .ne nv
'eo.e Cnr.,al from the first haN iisi,'.' .I.n
"fheS tal principles governing tne pi".
D! 'Ae iun s~.,;on was that the capitahza'oh Y,
Oh f0oie" eors,ion should not eXceeo oi'e re"1
Il. ~ fse property repreSen'eu-'"' ,...,
'aiue n,o,nt of water should be lnleoueu
sooiao" o,v comnany. One Of the proposltaoiiS
ih'o "a. ~. r.nresentatives of the 1rust was
NAV. r.w company should be formed unoer ',e
Iha' ~. State Of New-York, which shouio
i'"' ,..r oil the property now controlled ny '''o
.aHe pr, when the managers and former own
ii"'.. - r.6ner;cs outside of this State reali1eu
eie V. 49,. oon;ta, of the uew company woulo ho'
'n". ,hs intrinstc value of the properties repie-
.ed tbev emphaticaily refused to co-ope,""
80 the rc6neries of this State. 1hey "ouio -
w. WOW he narties to such plan. flnaiS' ~ "a'
.,'uros,ed and the plan was suoml''eo I" "4--
,,,ernev.Crneral for his approval, that .''e TIC"
aa,nor,t;on should organize under Sne ia"'
~. state of New-Jersey, and that IL 'no.-H
,,,robase the New-York companies A''ei 49,, 49,.
Consideration of this plan the A''oi..S T.,..
,.o,.e notice last week to the attorney Vi w
1o,n F Parsons, that the plan was h'e"'
.onld not be carried QUE. among
Upare were other objections 70 tne pA"A' .,,e
-,;oh was the fact that it wouid uan'i'i
..n;,a, of the New-YOrk sugar rehhei.'
to,sign corporation and subject their .to
=. ,ho laws of another State: out peSohu ''-'s'
,t.or,ev-General decided that such
yew-York corporal on could not oe n""'
the laws of this Sta1e' .. +o con-
III the Sugar Trust had been coh."' .ho
fine its operations to the mahlPu'"u'n aye
.,rsr market" remarked the genten'an WV -
tho information as above set forlh' anu ,..onov-
,;,,a taly ACQUAINTED WlUn thC ''
c.nsraI Tabor en- the subject, :" 1t prooao'S .o
haxs CON. on for an indefinite period "lVnouO " -
imtsrference by the State. But the mansse,. W
ths Trust were not satisfied with such 'o"
and thew consequently issued large amoun' ,l;c vi
,;fca,es which they proceeded to sen |" tn' + o;lr
nS hv means of which they have been abe %as
ana .,,hpc nurse most numerically. ine "nv t,as
Sn.,pe.s has now become 30 oompn0s ar-
.ssra .nnears to be no way out OF eAnune s. -
.nrnlsmrpt. but the appointment OF receNea' ;n
w. di1crcnt New-York corporations. ~ ST. IN .nn
to devise any other plan which WIZ 10 the
Porm 70 the law and give any rssneries were
arS ioin " of the certificates IL ths ret hmt this
h1GT 10 &C. tbis State it might be dnelenof reccvers
az !. not Of the case, and the appointment u
appears inevlta ole: o,o NJ the largest refin-
Ihe ut,;de nf the State and one OF tit ~! Trrst
erieo @ ,Se Trust said yesterday that IL IL nroperty.
!oin "a. ssoivcd he IuId hold on 10 ms over
Tsa ScSYork courts. having no ~ onmrsr have
t me nroncrty i'm other States coulo U, o,"agement
lne pnOp u0 to say abuL. their future ' owr,rs
hO.hins NOV nrescnt il looked aS :: inc r+ies n He
oa, e. haze to take back their ddsnosition
Mouia ' -, loss to know however, VIM, tbcr States
was a. he made of the relneries IN G'.o nc do after
cou.I ,hc owners could be compci,eu ~ tha Trnst
OF Nv WI %od taken them back. now tnao naoentlv the
Lt"y tnIy heen declared illegal, ana ci conei ;lleSaI
!terS nau of property to it were equahS