The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-04-05

New York Senate investigation -
Combination with Sprockles.

New York Senate Investigation - The
Combination with sprockles.
NEW YORK, April 4.-The sugar trust COM
mittee Of the state senate met again today.
Theodore Havepeyer, OF the American Sugar
Refining Company, said he had nothing to do
with the California refneries, and there is
nothing In the report that the reiineries are
going to combine and raise prices The cost of
refining here il greater than in any other coun-
try. A letter was handed witness and he was
asked to read 1t and tell what he thought of it.
Tho letter was addressed to the chairman of the
sugar trust investigation. and stated
that last week IN agreement was entered into
between the sugar trust and al other American
rchuerics, on one part and all Of the principal
wholesale grocers Of tho United States on the
second part, and that American refneries are to
pay the grocers u per cent. per pound, together
with per cent. discount, If bills Of sugar are
paid within one week from date OF sale. In re-
turn the groce1 pledged themselves not to pur-
chase any foreign refined sugar. Haycmeyer
said the whole thing was lie.
John e. searles, treasurer of the old trust, ex-
pressed the opinion that II the manufacture of
sugar In this country was under one manage
mcnt It COLD be supplied at q cheaper rate and
with larger profit to the refiner than under
.sngle operatiods. A long discussion took place
a to the production OF the corporation books in
the cause, in which Counsel Root remarked that
examine the books, anyhow.
senator Irwin Jared up at this and told the
sugar people several thing, among others that it
Is reported that the trusts dividends are made
by operations in Wall street. NJ. P. O. Have
meyesesharply interjected that such talk Is all
rot. Senator Irwin replied: aIf had proof of
ell have heard you al ought to be In states
prison." Thereupon Mr.. T. A. Havemeyer grew
angry and objected to the chairman's action as
Judge before the cnse WA tried
Scarles went on to say that to his knowledge
there was no agreement for division of the coun-
try between 6preckels and the trust. Have
meyer, he said, had made . sort of arrangement
Of personal nature with spreckels, but that
did not affect the company.
II. O. Havemeyer was called under q sub
rsena ordering him 10 produce the books OF the
constituent companies. He said he was unable
10 do 90; that they were In New Jersey, and al
though he was president of the company he
could not have them brought here, as they were
the property OF q corporation. Adjourned.
The Sun says that the report OF an arrange
Eent between the Havemeyers and Claus
spreckles, to divide the country into selling
districts and other ways to prevent too sharp
composition, was revived in Wall street today.
Dow, Jones & Co. announced that they were
able to state that the Havemeyers and Spreckels
had formed q Western coast sugar refining CON-
pauy to refine sugar in California. The local
refineries become property OF the new company
Terms are not stated. This deal. however, does
not apply to trades in the East. spreckels
continues his opposition in the East
inst rs before. The deal has
no.hing to do with the American Sugar Refining
company. Some time ago Hayemeyer & Elder
bought outright for cash the California refinery,
which previously had gone into the trust The
trust was obliged TO sell il because of legal COM
piieations and the trust consequently figured no
longer in refining operations there. Havemeyer
a Elder carried on the business for their private
account, and have now made q deal with
spreckles on their own account. So Havemeyer
said today that he desired to take time before
speaking upon the subject