The Washington times., 1894-07-15
HEAD OF The SUGAR TRUST
Henry o. Hayemeyer, Who Has At
tained National NOtOriety.
RISE OF HIS GREAT MONOPOLY
New York City Less Than Fifty Years
Ago-How He Has Risen Through Hard
Work and sagacity.

Henry o. Havemeyer, first vice president
and general manager OF the sugar trust, is an
interesting personality just now. OF course
with capitalization of ss5, ,000, 900 is always
a more or less conspicuous figure; but Mr..
Havemeyer is peculiarly to the fore at
present as the author OF very significant re-
marks upon the conduct of political cam
paigns ON sound business principles.
The Hayemeyers are striking example OF
how things grow in this glorious climate of
! ours. Less than fifty years ago that much
abused term, "infant industry" would have
| accurately described the little sugar-baking
establishment Of the grandfather of the rich
Havemeyers of to-day on vandam street, New
York. This grandfather, Frederick c. Have
meyer, came to this country from Buchuburg,
schaumburg-Lippe, Germany, in 1902, ac-
companied by his brother. William F. Have
meyer. They had learned the sugar baking
business in Lcndon, and turned their hands
| to it in this country in very modest way. A
| hogshead of sugar represented good days
| Havemeyer business was conducted was a
| little concern only twenty-five feet wide by
forty feet in length. 1t heightens the effect OF
| the picture TO note in this connection the
great plant OF the sugar trust-which is vir-
| tuaily only another name for ''the Have
| meyers''-at Williamsburg covering acres of
| ground. and the fact that the daily output of
these works is many times greater than the
total yearly product of the little concern on
| Vandam street.
When the two original Havemeyer brothers
retired they were succeeded by their two
| sons, William F., who afterward was mayor
of New York for several terms. and Fred
erick c., the father Of both Theodore A. and
Henry o. Havemeyer. Frederick C. is
credited with having done the most in de-
veloping the family refinery toward its present
| colossal proportions. 1t was said of him that
he knew more about the refining business
than any other man il the world. Whether
he possessed the skill which his son has since
displayed in practical politics is not stated.
Although his father owned the establishment
he entered the Nandam street refinery as an
apprentice. and worked as diligently as if his
daily bread depended upon it. When he had
learned all he could there he went to Europe
and took a course OF sugar refining in the
establishments of Germany. In 1881. soon
after the two cousins, William F. and Fred
erick c., had taken charge OF the business
married Miss Susan S. Henderson, of New
York city, the mother of the present Have
meyers.
The two cousins Havemeyer continued in
business until 1912, when both retired, each
letting brother. Albert and Frederick, con-
tinue the business. For 13 years Frederick
c. Havemeyer was out of business and devoted
himself to travel and study. His favorite
study was Latin, and in this language
he was one of the learned men of New
York. He took an active interest in educa-
tional matters in general. and was for many
years president of the school board of West
chester County, New York. He died in 1891,
leaving an estate Of s3.000,000 and four sons,
Frederick c., jr.. Theodore A., Thomas ]. and
Henry o. Havemeyer. Theodore A. Have
meyer who is the president and nominal head
of the trust, is referred to as the refiner. He
is also the Austrian consul in New York City,
and gives little attention, compared with
Henry O.. TO the sugar business.
The sugar trust, whose enormous capital
ization has already been stated, was formed
in 1887 In the production OF refined sugar
it has no competitor in the United States, and.
as its manager admitted before the Senators,
has absolute control of prices so long as it
does not put them so high as TO make it
profitable to ship foreign sugars. The trust
at present consists Of II firms, including the
great Spreckels concern, which Tor a long
u
the last to come into it. These firms are the
Havemeyers Elder Company, of Brooklyn;
the Brooklyn Sugar Refining Company, of
BROOKLYN; the Decastro d Donner Company of
Brooklyn; the Havemeyer Company, of
Brooklyn; the Hayemeyer Company, OF Jer-
sey City; the F. o. Matthiessen & Wieehers
Company. of Jersey City; the Standard Com
pany. of Boston; the Boston Sugar Refining
Company, of Boston; the Continental Com
pany, of Boston; the Forest City Company, of
Portland; the st. Louis Company. Of st.
Louis; the Louisiana and Planters COM
panies, of New Orleans; the Franklin Com
pany, of Philadelphia; the E. G. knight Com
pany, of Philadelphia; the Spreckels Com
pany. of Philadelphia; the Delaware Com
pany, of Philadelphia, and the Baltimore
Company. OF Baltimore.
The total daily capacity of these companies
is about A, 800 barrels. The only other re-
fineries in the country are the Revere COM
pany, of Boston, with q daily capacity OF 900
barrels; the California company, of Claus
Spreckels, capacity 1000 barrels, and the
American refinery of Havemeyer Elder,
also Of California. with a capacity of 1900
barrels. The Revere refinery is owned by
Nash. Spaulding d Co., who are large stock
holders in the sugar trust, and who work in
harmony with the trust. A long time ago
Havemeyer & Elder and Claus Spreckels
formed an auxiliary company, to which they
also practically part of the trust. The total
capitalization of the trust, ss5.000,000 is
made up of s75. 900 900 capital stock and S10,-
000, 600 of bonds. The actual value of the
plants is estimated at about S40,000,000. The
annual profits of the trust on refining alone
are in the neighborhood of S25, ,000, 900. or
about 70 per cent. on the actual investment
and "a per cent. on the present capital, water
and all.
Notwithstanding his immense wealth,
Henry O. Hayemeyer's inherite and acquired
habits of industry still cling to him. When in
New York city he is promptly at his desk
every morning at the sugar trust headauar-
ters, III Wall street, and seldom leaves before
o'clock in the afternoon.
In. his business dealings Mr.. Havemeyer is
described as somewhat brusque and per-
emptory, but socially as very genial. He
practices liberal hospitality. His city
residence at 1 East Sixty-sixth street is
uxuriously furnished, and is the scene of
many brilliant social affairs during the
season. few years ago he built a magni1-