The sun., 1891-07-02
EONTEMPToFCoURTBYMAIL.
THAT'S rHR sU0AR zRUsrs dErEvcE,
SAYS Mn. TAYLORsS LAWYER

THAT'S THR SUGAR TRUSTS dyEET0H
SAYS MR. TAYLOR's LAWYER
An Hslsnctsen 70 Restrai. The Payment ei
dividends ISSUED ss Feughksersis-ss'
| .uitsseeusly, it IL Said, Cheeks wers
seat Oas Nrosa the jersey City 0Hee.
Wall street people were apparently uncertain
yesterday whether to be amused or not at an
official announcement that Judge Barnard Of
the Supreme Court, sitting at PouRhkeepsie
had granted an Injunction restraining the pay
ment OF the semi-annuA dividend oi
the American Sugar Refining Company for
merly known as the Sugar Trust. Tho dividend
had been fxed at 3k per cent on the preferred
and DOR cent on the common stock. The In
junction was granted on the application oi
Blackwell Brothers. lawyers. acting for their
client James A. Taylor. an electrician. with
ofices at 10 Cortlandt street. The injunctioni 10
made returnable on July IL. and in the mean
time. It was announced. other proceed
ings against tho officers Of the company
will be Instituted in Brooklyn before Judge
Cullen probably on Tuesday next, all In the
interest OF Mr.. Taylor.
The Injunction and the hubbub over It had
only o temporary effect on the value OF the
company's certificates on the Now York Stock
Exchange The closing price on Tuesday even.
ing was SAY. The opening figures yesterday
morning were 83h. and when the news OF tho
granting OF the Injunction was flung into Wall
street there was break to sOH. Then came
quick recovery. and the closing figures yester-
day afternoon were S2a.
The fact that from the Sugar Trust.s incep-
d%.a Sn ffs IL % rsK sn, n haY street
people somewhat skeptical as to the. real
yp sSsS IN s1; Ehs Hs,c.
ssrsst -. 1 H. ssnisd ON % D1.sisally WIZ sSs. he Va:
added that ho had not specui.tod in Wall
street In years. and that any story tmruting
s9osp to R aasa Hhr than M Syss n
and that ho is out for blood" -
the tn Br"oflyn roc Rs,nins Gcmps%y. %. one q the
company. According to his complaint Mr..
asss III. N
which remained in the trust treasury. Tho
eent the trust ef STOCK truss il gse
81; 1929. when % g the stock @ was s to % pc dis:
over til. stosk. and received I'll the dividsnis
and voted until that date Mr.; Taylor received
sost IN
was offered him on payment Of s2s for each
trustees had heen unfaithiul. After the stock
dividend. Mr.. Taylor had 1875 shares coming to
must mum ana nay US per shsrs on M April T"4
offered $5.460 In full for his stock, but the
to h
Mr. Taylor's knowledge, transferred all its
property to the American COMPANY. for an in.
American company. whereas the property. went
Into the Trust at s4.2oO.OOO and was probably
Mr. Taylor insists that his stock in the Brook
lyn company was turned over to the American
He asked that tho injunction be granted en-.
Joining the dividend until an accounting can
30 had OF the earnings OF the brooklyn he-
Col Edward M sherard Of counsel for the
thas The injuncsion S Would amoupt to nenins.
Ths proseednHf;s f;s promised BY Mr. Taylor be,
sion to dissolve the Brooklyn Sugar Refining
Twas it was learned that Mr.. Taylor's lawyers had
been unable to serve tho Injunction papers on
my Of the officers Of the American company.
the oeials e Charged With the company. afiars
scEn ss!i sssis:i snS TSsss IL ss@essi
i Wero ali day yesterday in the Offices H Of the
0nss sers 1ss 70 hs effect thu. the, issued
on Tuesday night from this Jersey City office
As 70 a' .o1 Sys1s
that these checks were not mailed until yes
terdaX noon. and that the officials. learning Of
MI Iayiors fon@tsmp,ated @ Injunction ~ h suit
once Tor tho purpose Of sending out these
It was. said last night that the checks for the
dividend had gone through the mails during
the II day. MI: Taylors lawyer declared that II
folks in Wall street all day were inclined to
grin at the whole affair.
= WAsHINGToS. July 1.-The Commissioner Of
Internal Revenue appointed the following
sugar inspectors under the provisions Of Tho
Mckinley Tariff bill In regard to bounty on
domestic sugar: Henry L. Morton of the Dis
trict Of Columbia. Harvey n. slusser Of Ohio.
George Z. Fletcher Of New Hampshire. Everett
b. Norton of Maine. Raymond Loranz OF Iowa.
The law limits the number OF these inspec-
tors to twelve, and fxes their compensation at
IS per day and @ expenses The other seven Mil
first license to make sugar with the benefit of
the bounty under the new law was issued to-
day by Commissioner Mason to Z H. Cunning