New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-02
HAvEMEYER'S TALK.
=, IT MEAN A REDUCTION o. THE
c,p TRUSTS DIVIDEND?

,.,,rops SAID NOT TO BE IN SYM
oIf'N' .,r,, H1M-GRowING OPPOSITION
TIE PRESENT MANAGEMENT
=, believes that the utterances of the
VAL o. . ,be Sugar Trust foreshadowed his In
presoe" reaucing the regular quarterly dividend
ien''o" socure the help OF the other oiiicers ana
DC .~ Of the concern His tax ABOUT the eN-
directors - in the sugar trade is calculated to
trsme u,p p,, reduction. but there seems TO be an
trlns not the other directors OF the American
opinion - Company are not in sympathy
sugar he' One Of them said yesterday that the
win mn" ore almost unanimously In favor OF
directors ,hs regular rate, on the ground that the
eontihu. .orholders were entitled 10 the earn
press"' ,.r and that the regular dividend would
inss ~ 20 be taken from the surplus to SUCH an
moi nav % weaken the company with respect to
extent O. s,,ons If the president of the company
future ,uce the dividend merely upon the
n'eho' that the future business of the COM
assump.',,' No moor Re will be iniicting great
pany WI" ,he stockholders, who should receive
wrons "f for investing their money in the
proper re'"''o
company SMEAR Refining Company has a
The ",s tn nay the regular dividends for
sO'f ,ra to come, even though there shouid DE
Ions ,'m,g off in the earnings. Despite the iact
@ ', 49, Company has persistenty refused to make
p' ,,s report for last year Al is n"o"" '""' ''0
pu' q, the concern is not such as TO warrant
lection in the dividend.
ra- growing feeling among the stock
ine ,hs, the present management should be
n0"e'' with and men who are willing TO WORK
GONE ,,srests Of the shareholders put In It's
iof INV the last few days there have been
place. hat an attempt would be made to displace
ra'o'' Ever as president. and the apparent OPP
Mr.. Havem,sv;b has developed against him among
position directors in the last Few days gives
the othe, renort that an effort Will be mace 10
color 10 my ny, None OF the other oncers OF III
put mn, ~ aware that the president OF the com
.rectors msnSsd TO give the interview pupnsheu
psny li.e" go and they disclaim any knoWleose
few ia! al PROSPECTS for the sugar business az
o. me a"' Nv Mr. Havemeyer. Neither 90 tney
SCI loi 18th him in believing tnal tne iv I'm, ~
sgree WIN Re shut down 1t now seems that the
VII ndss will resume work to-morrSm; an bead
rennefies ,st awakening 10 the fact that the heau
pubic y s u Trust has been INDUCING IN taih !"
Of the ouweork the stock market. .
order " pnua delpha comes the report tna' move
FROM - hasn started TO place {. G. fdrrison ~.
ment has now held by Mr.. Havemeyer as presiutii'
the paoo omnany II is shown that many stoSknoiu,
Of lne IN favor of change. but IL j. uVup.eu
ers az ,hav hold the requisite power 10 eIeCt ~
vne'hsl arj az directors friendly TO their lhteres's
ny ha ma wi,h the Franklin Sugar Rennns Coih-
cohheo ~ philadephia. The Franklin sugar Eelln-
PAM is affiliated with the American sugar
R s ,ocs Of the American Sugar Refining Coln
lne rs again the most active on the ilst ytstei
gan' hout one-half of the entire business peii's
done In IL.