New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-02-22
THE SUGAR TRUST INQUIRY.
EXAMINING ITS METHODS AND PROFITS.
THE SENATE COMMITTEE HEARS THE TEST
MONY OF CHARLES DoEsCHEG. HENRY

The investigation Of the affairs Of the Sugar Trust,
which continued yesterday by senator ErW!nS
Senate Committee. attracted a Good-Sged audience 70
the large rarlor of the Hotel Mctropolc. Among those
who listened the examination OF the witnesses were
William c. Whitney, cX-sccrctary Of the Navy ana
Frank ". Sanger The examination Of several II tho'e
who were called to the chair again oonduct" with
difficulty, and senator Erwin Obliged repeatedly
quote the powers of the Committee ON Laws uhuer
the resolution OF the Senate in order t. Sc more
direct answers. Ellhu Root, counsel Tor the mem
bers Of the Trust objected several times t. Inc que
tons of the committee. The chairman, however ruc"
against Mr.. Root.
The first witness called TO the chair was ChaileS
DorScher, who, the previous day, had pro'eu "."
self the posseSsor of a remarkably poor memory MI
DOrsChcr asked 10 make few coIrcctioiN o'i"Ic f''
cccdnC with his testimony. II only after S'Ncio
cross examination Friday tina Nj. ID lS' = mimi
that the Brooklyn sugar Refining Company o' VIM. ~
was president had received 100000 III euear trust
certificates for the 100000 capital OF his cofhun?
Upon examination Of his books, after arriving al us
home last night MIR. Dorscher had found tial ''o
company had received instead of 100000, el'3ooV"
in certificates.
But said senator Erwin. "that Is large diiier-
ence.o
"well.7 replied Mr. Dorschcr, 81 could only tell
about the amount yesterday"
Another correction which Mr. Dorscher "isheu "
mako I'm his testimony was that he had receNeu
dend paid when the old trust certificates were 'H
changed few weeks ago for certificates oil tc "'''''
can sugar Refinery Company -
Henry oncrnan partner Of Mr.. Dorschcr, was then
sworn. lie had acted. he said. as treasurer -
tho HrooIyn Sugar Refinery Company for a number oi
wears. Until the formation Of the trust Tie p'''' "
that company had been kept in the Offices Of tne T.
Gncry After the establishment Of trust ho"c''''
the hooks had been removed. Mr. OGormhnn p'olc','u
10 be ignorant If the disposition of the booN' A' "
tine. ,.,,,o,
DO Won mean TO say, Mr.. OGcrmann" askHi Hln'c,
: Harris that you a, good business H'" vi" ~
know where those books went or no" HeS ~ No.
Il DO was the answer =,
After further eros, examination he admitted t''' '
supposed the books had been taken by Inc o'''' W
tlc trust who had become stockholders ~ me
Mr. Oncrmann aid that after The formation o '', .''
he lad no idea Of the amount Of the amman P''' '
lis con,pany lie could not tell what iI'y WcN " YEA.
within 100000. In answer - the surprise eN'''
lv the senator, at thi, conir--ion Mr.. "''r'''" ''
that he knew that he was iu the hands "i goa n"'9
men, Before the formation Of tie iru't HIS '"'''""'
had declared yearly dividends varying b''"e'" t|
cent and H. per cent on tnc whole al'uH, w nun
,...,.d ip tbo refinery. when Nj. lirih a''''
Mr. OGcrmann about what hal been hI- ''d'c W ca
,rust certificate received for the stock 81 t"' ",''"
49,, .,,,,r Refinery Company he said that h" ga ".'
.-. f.. answer that question. That u" ''H'''-''
~is a private matter and DO not care 70 'Ai''0 "'
,ct here ,. n. coo, /
Mr. Ofcrmann" .,id senator Erwin Inc con" /
,nittco asks You again to LAY no" mu'h You -
f- vour SHARE. i'm Your company II you 60 NOT a"
won tbo committee will take you to Albany vi
cI,tr,,r 1tcrpn,cd Mr. Root. i wish ID ~'' u "'
witness, mat he need not answer that question: a.
rrc, beyond the powers 81 III" committee.
"Wc DO not recognize the interference OF 3lr' ho''
rcjo,ncd senator Erwin, although We are $50"
have his advice. The committee has dccdcu' MI
tI,,F Il
swell" replied the witness. as 10 not care u
90 10 Albany, ! shall answer. rt''N'N
shares In the trust valued al about Sl'ooo"''' NJ
tr,n. fcrrcd first to the Central Trust company anu
finally a few week, ago, when the American Su-"
Refinery Company was formed, ! received u''Ir
certificates in exchange OF these certificates '''No
were in what is called common stock and 1000 p'r
ferrcd stock In addition to these ccit'"'1V'
received a dividend II 10000
Mr. Oncrman said that he had sold some % Ms
tr,st stock at l9I. The highest price at which
he hal purchased certificates had been IL.
lie did not believe that the tru, had divided all 81
the pror, made during il, life. II lad retained hr
had been Informed profit, In the form OF racE'
fund
Mr. Ofcrman was followed by +. .. Matth'eSscn'
If Jersey CITY, who one Of the original i'u"N'''
# the sugar Trust he proved 10 tie sirc~d witness
and made the extraction Of Information al um'' |
difficult III, testimony showed :ant he va, not d."
OLA such term, Of intimacy With John t. N'arlcr, Il'
''' a.. ... .Tt..
AID II. o. li''cmcjc' a. Wa i"flne'p '"' ,.'' ''
reason for this was hc ,l!d that tho-e "l"'ci' L''
49,, .. ,,,, hin, ,,,c.r,,iu, tll. iu,inc., oi the
, 10 b,, ,,',. ted against the ucci.-t " pltclly.
.,, Ne -.,l,- mad Iu,i.I Ippu the
Mf' lidNcIi'Nr ~ anu ~ ~ ,,ir, ,rlI. lad moi !
trust .t'u!H-P ~ j., ~ ,.ta,,f,. l.., , nuzll, !
pleased We WIZ IL l-I 90. 49, a.. ,.r...t ,ur-
10 him Why be lrn been taacn mo u" De-, 'r.
ican sugar heininf ,@nl,"S nin +, rf,[c him a. a
'ph VIZ lhdt ''S "'" '''' "''''- -
competitor ,., .,.,,t !
In lr-P'h'c To- question. uy ln, .,,''' ,d lt tn
counsel. Percy H. tpNc, Mr. Mdlihc-''l Hin u'' N'
capital 81 his company, the J. -. Nhihc9"'n ,I'9 !
N'i'hcI, sur h'',.'.t - ,i,.t ,ir com
been Tl.Gooooo. lh ftihn iI MAJ ,"pt' W. co."
Iany Fd r"'ivcI F1','"'"'o I'D "'.'. ,'I',Ii,,t
rom me iFI't IhN ''i ''''t'f' '' , t,,.,
Of 10 PEI cent on mat amount Hph me ""'l "''''
IL, continuation. III. Na'thc--cu. however va H'
.u - .irr II the trust. lie could have made 10 '-