Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-03-24

NV Yeas llaseh as.-1heeaeee I,
Maveneyse - - ~ ut1ne0 - to1uw
beesse - oonan IN ce1mi1opo. oe ~
ioeanlleee sAly eene1eas Irwin - yso1R
veeo psesone 0any q ~. HayeuWoeb
Iansvero ~ - Rsanasanl1o 1oae e lianh.
~ - adopeo1 suRIsiseA ~ eomnlnsa
Aos l1111e. a. Was oshed = Glvo ! lall
| and tfank aeoounk h his oun Nv e ~
con1illens undsF which, - eo-cnllod kuse
vae termed. WItnese eaid ~ n loo1.
when NJ Bfeoklyn fac1ssy buxae1 towa,
- ID ~ think Il safs y Sse1iA y ~
country - acsennt IL poaslAle cAaneus Il
~ tax36. ARR sone considosoklen - a
feblih q cest of sevsn nillioa dollasA
I'VE dld not caYalallse ~ company 9
fuN valus. Aid ~ vtsaese, ssas tAls veah
have placed 10 a q disndvanAaes = = cou-
petesfs whs were not forced b pay oa1so
- ve vers. TAe capital va put q e6oo-.
900. AfteP ooasulnaion With NJ bso&hee
ue decided b suhmtl our Interest and Aoock
to the trustee ef The Sugar Rs0aers O.,
and We rsceivsd therefor Z certain anoun6
of Tho saear rsdusPs cessidcates IT, soock. y
6enatof veddsr-Whas I'D you recsivo
for your inssrsstss
The witness said he consiiered that q
private matter and be could nos assesf.
AT how much did yoa place the value
OF TIE plant. etc., whso yoa joiasd ~
"It ~ou.d be dificuM % say. | veald if
| could tell you what vas received 1oe Il.
The plant tepresented the experience a
generations aud the private patent process.
the value OF which Is 10 utterly vain b ~
tempt 10 estimsts."
''CAa you not place value on II, say
sls COO 600. without considsrins The sosd
w,ii?"
Witness reviewed the history Of the l,m.
His grandfAthcf and father prscsded hin
ia business. With the beneas 1t his an
cestors' experience ahd bic own discoveries
Witaess sAs enabled to msausac'use more
su.ar ia . day than his father In year.
Had reduced The cost from 81 oeaes 10 I
cents Of which the public rsosaved ths
benefit 'At this time. visasse a3dsd,
I've had fully % psr cent Of the isuea. re-
hning In this country"
Senator Irwin--"Nov. will you tell %.
Mr.. Havemeyef, what your reasons we're
for Joining al these other companlssp"
witness hssitated, finally said, !" want
to put other ofsanisalions on the same foot.
Ing With Us. We were able to rsnns sugar
ten cents per hundred cheaper than thsv
could. Wa have been repeatedly accassd
Of controlling the monopoly. These
people lAbored under the suppssitiea that
we were conducting our business illegally;
and l had to 90 to Washinston and bad
hard fight to convince them Of the true
state Of a6aiss."
The witness explained to the committss
how the Havemeyer Bros. vePs able 10
conduct business on such . paying basis.
They were not forced 70 pay vhsrfags,
brokerage. warehouse charges. coopsrags,
etc., and thus were enabled 10 ssys . large
percentage 0efor they begsa refiaine i'm
ported sugAfs. He explained that the sueaP
refining business had come to point In
this country uhers II Was necessary TO have
concentration Of energy, capital and
brains 10 make Il pay. Mr.. Havsmsysr
repeated continually that he was anxious 10
give the committee the fullest infoSmAsiois
In his power. Ths testimony given was %
near ~ senator Irwin could gst him 10
come to the reasons for Joining the trust.
He left II to be inferred that The reason
which mainly governed him was the general
welfare Of the people. He was asked
number Of questions ~ 70 the processes
and methods in use by Havemsyers which
| enabled them to renae sugar cheaply.
His chief objection 10 making these and
other ''pfivsss" matters public was bscauss
coupe'itors and the public would benefit
without any right by years Of labos, expert
ence and money expended m evolution Of
these processes. Invssdgation adjourned
until Saturday.