New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-03-22
RECAMIER CREA


reorsanl1iion the american sugar REFINING n Com ON
an lndebtcdnc>, Of SlO,O000o0. That Indebtedness
Rad been reality the Indebtedness Of the constituent
companies. The accountant had made notch
potch~ Of his report Mr. IIayemcycr did not sue
coed in explaining th, fact 10 the satisfaction Of the
,ii6.r.,, ~ 80 ur,n,ro IN rennrt had had
access 10 the books Of The companies and had been
IL the employ of lie trust and Of livemeyer Elder
lie denied also that the trust had taken part in
fixing the valuation of t" property of the constituent
companies, Iut he admitted that the appraiScmcnt
had been made by a committee under the authority
f,sh his memory regarding the item of 4IO.0OOOOO
and said that he would tlrn tell AT another session
exactly how it had been contributed He objected to
Nr l!arri,s questions and declared that he had been
obi ccd 10 hear the same question five times.
Iou have some one now he added. who knows
something about TIL, business. Give me the proper
questions. l wish also to be understood and explain
her Of wnesSc, at disadvantagr by asking other men
ia explain their testimony / should not like to be
compelled to correct all mistakes that have been made
Tie Of the trust in Mr.. Havemeyer's opinion.
had ln easy life far their dutieS were con.
ocrncd. Al that they had done had been TO meet
several times year and declare dividends. No books
had kept for the officers OF the trust The witness
believed. however, that Mr. >eares was In possession
~ The minutes u the meetings when the dividends were
declared statements had been sent to the trustees
regarding the profits OF the constituent companies.
Thr statement, had been returned to the officers Ci
The witnc.,, could not remember the amount Of the
annual profit, Of any Of the firms. lie had not made
at any, timc a p.rson2I examination Of the books.
Tie varlln- comp.nc+, he added, lad been OBLIGED.
furnished bv outsiders or by other companies
Mr. unvencycr pr,fesed to be entirely ignorant Of
the Identity Of Mr.. Car~rron, in whose name the
notorious suit brought against the trust lie had
n,vrr seen the gentleman. lie had heard with
wink at the members OF the commltteel that he was
lie is A striker" added Mr. IIavcmeycr lie is
q myth. lie made andavits without number They
wcr. all false We squeezed him hard and he decided
t. witldrlw the suit
Mr Havrmcvcr opened his hcpst to the committee in
giving the reasons for IcorganIzng TIE trust In New
ono 81 the reasons had been to escape the heavy and
unjust taxation e. which New fork state SubIcc'tu
taG t The Anc,r 9do 1 ~ go Hg" ~ New ry
Nehher did that state fc, empowered 10 tax the
property of the company held ~ other state h sew
in" c rb,rtot ar tb@ river Sow YORK he believed,
should remedy that provision OF its Laws a., ,os.ior
The only other witness examined AT ING
Yesterday wa, William Dick OF the firm Of Dick q
Never, Of Eroo'Nn. and one OF The incorporates u
In reply to the question to the Liabilities Of
DICK Never at the tine ht company IA" rIr 9f
matter. H. admitted that the liabilities amounted 10
Mr. ' Dck affirmed that his company had lent about
81 100000 To the trust It was. IN his opinion =
part of the 10000 600 referred to in In" account OF
rnvci by the Trust from the constituent companies
The money had been used working capital by the
As To the profits Of the Dick & Meyer
Company before it had become a member o. the trI,
Mr. Dicks memory wa blank. lir declapd that
hr wa, unable to tell the amount within T5OO,OOo "
II 100000 He admitted. upon further examination
that the profit, had been greater before the in ad
become a member Of the trust than during the HE Oh
that OrganiLatou.' -. ,
Are Won sorry that YOU Joined the trusti' asked
Mr. Harris. u.
YES came the unexpected answer. 81 am. We
have kicked abOt from one place to another ever
Since then That Il hard on man OF my age"
That ended the DAYS work of the committee, whlcn
adjourned To- meet tomorrow AT 10 o'clock
II /, uncertain whether IL. o. HaVemeyer VIII pc
called to thr stand again Ia mOrtOw senator Erwln IN
cNcu,ing him Yesterday. said that he WAS of opinion
that ne would not be- questioned again until the Senate
hal decided upon the necessity Of answering the qucS-
tons proposcd by the committee. The session, how
ever. will be a lively one In all probability.