New-York tribune., 1891-03-01
MIR. SEARLES WILL RETURN
THE TREASURER OF THE SUGAR TRUST TO
BE EXAMINED.
CHARLES r. HEIKE AND A. J. C. ANDERSON
TESTIFY BEFORE THE SENATE COMMITTEE
THE ROCKS OF THE HAvEMEYER COM
pANY SAID TO BE MISSING.


THE BOOKS OF THE HAvEMEYER COM
pANY SAID TO BE MISSING.
The investigation into the affairs OF the ousar 10
was continued yesterday morning at the ltoVel ne"
mole by the Committee on General Laws Oh INC SOU
senate Senator Erwin, chairman OF the cohi'hl'Oe,
and his colleagues were unable to reach the city un
10 oclock owing to the delay Of trains on the New
yr, Central Railroad so that the committee did ho'
booin ,vorl, untu an hour after the time appoin'eo
The paror OF the hotel where the EXAMINATION u ,o
was well filed with visitors and Witnesses inciHs
of tho various corporations composing INC o'is'
! tr,st and the present American sugar Rehning 'on
many For the first time since the Investigation DesSn
| Theodore A. IIavemeyer and ii. o. itaVemeyef "v.o
! omonr tbe nnmber They were not called 10 ,le
| chair dnrnu the day. Their testimony VIII De heaiu
however. In all probability at the next meeuhs u ''0
| committee. p.n,
AT the close Of the session yesterday John E PARSONS
one of the counsel for the American sugar non""e ~
| Componv announced that it mistake to suppose
that John f. searles had left the city IN orueT "
examination by the committee. lie had gone " Ne"
orleans before tbe adoption of the resolution III u'o
Soratc calling for the investigation on business oo'
! nected with the new company hi'er h'''H,9
| business lie had gone 10 California IhcIo "0 w
heard for the first time Of the Intention vi ''o " 49,
mittee and had tclegraphcd Mr.. Parsons LOT
Of rs purposes Mr. searles. Mr.. Parsons saiu, WIS
! however, by the storms in the west ...,,,.
| II O. Uavemeyer said that he was ready 10 tesuS
at any time suitable 10 the committee Ile Aici''''"
| sugar Refining Company, In fact, conrted an III
lion of their reasons for organizing IN NeW'eisIs'
! Tho STATE Of New-York should be ashamed ne sd'u'
! 10 have laws which could drive DIG coIpo'""o'
outside of its jurisdiction. These laws ne hop'N'
would be revised - ,,.,..
The first witness called to the stand was Cnarles
r. IIcike the former secretary OF tle Ia" u' noo,,
SMEAR Refining Company aud supseqoe"'iy ,,as
teenor for the sugar Trust. His examination wa
conducted By sidney 5. Harris anu ie'is .na qua
counscl for the committee, with the ald Oh 'c n
tr. MIR Heze said that the books formerly kepO "
,ho uavcr,eycr sugar Refining Company had oc'"
taken possesson Of by the American sugar h''ns ,,
| Compauy after It's formation on Jahu@'S ~ A.
| vcar Those books had been placed IN Il saic "V ~
| nr,seut Offices Of the company, no ll' ~,
! tn tbc surprise Of the committee ana tlc 'o"''I ~
If,,o admitted that the books had Disappeared Ho'
! ,ht so,o within tho last week After TINS announce
mont questions were rained upon tne loi'nei 80
! tarv I'm answer to Mr. Harris's question: or i'
| s,fd tnat the books had been in the sale aU ''o ~
| session Of the committee lie hih see" '"t'i .h
| ,,i,bf, tv,, or three days They were hoI III "'
sat, At tho present time however Mr. HeAe pro-
cd cpt;re Ignorance as to their present "''c'o
| ahonts lie had 10 idea lie said, where iiey h"'
becn taken or who had removed them 1ro'h '"e Sao %
But asked the counsel, are you not az s~Y
Office every day from O'Clock III 'Hc niO"'
| . O'Clock in the afternoon" . -. Aha
"Yrsr answered Mr.. Hcike, but 20 o"V Va '"'
onico now and then to lunch, for instance
Did Won not know again asked the counsel .'h'
! ,bis committee wished 10 see those BOOKS anu H~'
asked witnesses in regard to them
"Nop came the answer, 81 did NOT Kno" '"a'.
Noi,hor do I understand why the committee Should
| want them" ,,r. e,,
| ,,t bc expectcd the books 10 be removed
| They were owned by the American sugar heAhll7
| COMPANY. The liayemcyer sugar kehhlhS 'oN'Pa' .
ne said Ind made profits for year OF mol' Pi'o
IN the formation Of the trust. The reason for TINS
| -, -, ,,o t,ct that the rcnnerics had been burned
so,yn The witness said that he had little Klo"leuso
| co,ccrninr the other constituent companies OF 'ho
tru.t lie had been however, in charge Oh the oaS'
hoo, and ledger for the trustees and hah been 10 V'
extent bookheepcr for the trust lie had nov ina"o
. cosrn,r.on, of the books Of the trust Win those
Of the constituent companies. That had been ooi'e
by A. J. {. Anderson. The only posSlole way -
,scert,in III, profits II the trust was by examining
i,s hooks however Tho corporation was hot ye'
fiy orclnizcd. lie engaged at present. IN lSeus
certificate, of the American sugar Rchhhs CoH'Pa'
to ,.ochholtcG. Of the old trust
4, To- tho American sugar Refining company Nir'
Irci.e said It differed in almost every way rom tne
old Trust Tho Trust he said had made no sugar
r,,t b,a becn mad, by the constituent companies
| The former constituent companies row had no sep
ar,t, existence TNcy had been merged mo TIE i'e"
| company which va, a corporation dong business lo'
! itself The present system Of booAhccphE' Hc S'''
c,in rot he the same for these reasons as tai uhu'f
fine Trust lie dd not know Why inc He" COMPANY
had been organized in Ncw Jersey
Mr. Ucii.c wa. followed by ~ J. G. Anderson, VINO
VA. the auditor O.. TIC accounts oi the Iiust ana WAS
cmuloycd in d similar capacity in the new company
Mr. Anderson said that he supposed that ne hhe" as
much about the business of the various companies
IfYa
to course Of Mr. Andegson examination did not seem
- think he disclosed that information ~ freely as he
ri.bt do Hi, answers evidently did not please
| them. , 49,
Don't DO 50 exclusive, Mr.. Anderson" said th'
Chairman
Mr. Anderson then sad that he had always examiner
te statement which the coustituent companies ndc e
made NJ f,tqu,nt Intervals 10 The Trust lie Glu no.
know however where tHoNr stattso, M 49, 49, - c, '''
I,oy nr about That time, hc had lied them up ana
taken them to the rooms OF W; Ht'.rIs, h raT ,"
th"n It W.. also pos, that they had been retvrned
t, the corp9r4io9, which had iGrnJI Then. wa.
the trust had determined 20 I ba iost divide1J
80 600 900 of undivided profits aitr the st NV
nal 1TGn pTrSS rSs tri', he said lad had working
oIit The cCcDtnI- had goe into 1t without giving
money re stronger eoHsteMj, ,c S%G needed r.
had loaucd money t. lhosc "n'Jn IA" -rro ,sni.aI
Th,.r silus however. had not been large Ihe ,spis
0I tlc pdon pdicroo said n trIne under $3OOO6Ooo Ii
included the properties oi inc various va
pOratOus, which numbered I' D%otv' % & Cu ~,
~, tnc orrani tatiou of the present company III NeM
Jersey ii might have been on account "l Hsn.or ,aN
alton lie said. might have beeil i3r 2.hct M
The Tru,l htd been attacked co.., ,anty IN NcW-lorh
Possibly the change had been made for hlt icd>o''
'r,v9,ri ,bc clo.c Of AIr Andcr,oHS examination Mr
| CoXc and senator cantor cndcdVorcd 70 get MI M
dcr,on To admit that th';r waS no c'NrIuai Irlui
, Lctwccn the former Sgs1r Trust and the prescm
American sugar Refining COMPANY. rms hp|cNGi VI
| he would not do. Under the Trust, ne sllu VIC tIi
~nnstitInut cnmparc, had been able 10 do virtually
what thew had wished They could even dStcsnra t.e M
{ tItat bplip AZ
1hry had sent account, * their profits to the Eead o't
in Wallt. Under c pre-ct orsanlatton tonc t that
oGlcc Mr. Anderson admitted. however, tAAt thr.t
was little change IN the manner Of @ 9onGnoS aamna1v '1 In
H. Stie. out.ids ~ mi, STATE but thev could be con
trolI,d more easily than I'm the days Of the Trust. a.