New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-05
Clarence NJ. Fincke OF Brooklyn. the quarterback,
were the leading candidates.
SUGAR TRUST Alta CHED.
AN ATTEMPT TO PREVENT 1T FROM DO
ING BUSINESS IN THIS STATE.

ING BUSINESS IN THIS STATE.
PAPERS SERVED IN A CASE TO BE BROUGHT BE
FORE THE ATTORNEY GENERAL-THE PRO-
CEEDING INSTITUTED BY RETAIL
FIRM IN Observation-Disclosures BY
LAWYERS ON BOTH SIDES.
Papers served yesterday afternoon upon John
f. Searles treasurer of the American Sugar Re-
filming Company. at his office In Wall-st In a pro-
ceeding to be brought before the Attorney General
OF this State. The petitioners. George Hunt and
Simon Hughes. of Syracuse. ask that the Attorney
General revoke the certificate secured from the
Secretary Of State. under Section 10 of the General
Corporation Laws. authorizing the company 10 do
business, upon the ground that the American Sugar
Refining Company binds jobbers In sugars to sell
the products OF at prices TO be determined by
the company. thereby creating a trust and monop-
oily. contrary to the laws Of the State of New
York
The papers served by private detective
Mr. Searles in hts outer office took the volumnous
petition covering more than thirty closely type
written pages and then retired to his private room.
few minutes later John f. Parsons, counsel CT
the Sugar Refining Company, came in. evidently in
response to a summons from Mr.. Searles The two
remained clcseted for more than an hour.
The news that attempt being made TO
prevent the American Sugar Refining Company
from doing business IN tns STATE spread through
Wall Street very quickly. and half an hour after
the serving of the papers 1t the chief topic
among the brokers With little knowledge of the
facts In the case, the proceeding was at once de-
clared by Wall Street TO be an attempt OF the
bears TO make d raid the stock. Despite this,
however. there little trading in American Su-
gar during the afternoon, and the morning quota
tons still held goou. Later in the afternoon. as
the allegations in the petitions became known.
opinion in the Street was divided between the
theory of it being attempt to bear the stock
and the belief that IL an effort OF some OF the
smaller refiners included in the corporation, TO
open a market for themselves In New-fork by
driving the American Sugar Refining Company Out
of the State
The petition was brought this city early yes
terday morning by Thomas f. Wood, or the law
firm Of Wood & Smith. Of Syracuse. Mr.. Wood
who last evening. said in speaking OF the
case: I'VE simply attorneys of record in TINS
matter There will be other attorneys In the case,
both from Syracuse and from New-Hork. am
at liberty to say now who is in the case. These
attorneys will come in later although they are re-
tanned already. We thought it best to make the
news of this proceeding public, and are ready to
give all information that we can
Whom do you act for in this matter? Mr..
Woods was asked lie replied: I'VE are retained
by Hunt x Co., of Syracuse.
O-Are they members Of the Retailers Assoca-
Q-How long have they been working on this
case ana what are their intentions about pushing
am simply an attorney Of record in the case The
that that. 'D' "''0'''' '''O' '''' "''' 1''''' -
ra s y 5ef but Geg q be oday
Q.-Does it not strike you that this may be con
strued bear raid in the Street; that some
people may believe thai 1t simply effort to
hammer down the stock OF the company and tAat
may think there is a lack OF sincerity IN the
matter. owing to the measre dstaiI Al am
not at all coAversant with STOCK JoDDhg,, ana J.
know nothing OF what may or may not be thought.
am acting as an a1'otney ID thG Ion anS
serve it, Further than that have nothing 10 say.
The petition served upon Mr.. Searles names a
great many firms. and says that they are conspiring
unlawfully together to control and monopoze the
business Of manufacturing and selling sugar prod
ucts in the United States. The allegation is made
that in 1890 the company declared unlawful
by the Court of Appears. and thereupon reorsanized
in the State OF New-Jersey. and that upon Ger
tihcate granted by the Secretary Of State OF New
York it is doing business in this state. The CAPT
tai stock of the company. the petition AYERS, IL
81 10000 1t asserts that The company has been
able to control and con,ro.s the market price
&C sugar, and "A-s dictated 10 the several con-
stituen; corporations. n.ms and individuals ana
the trade generally. the terms and conditions upon
which such products shall be disposed Of by all
persons enga ed traffic therein" II IS also
serted that a; least - per ceAt Of all sugar pro
duced in this country IS refined ana sold by the
American Company.
me lorna. application 10 the Attorne"-Cienera!
10 enjoin and prohibit the company from doing
business In this Sta,e Will be made in Albany on
December - The counsel Tor the petitioners are
stone Cannon x Petit. well-known lawyers Of
Syracuse.
Late yesterday afternoon the following state
rnent was given out by the companys counsel. John
L. Pa.sons
Any one can serve papers upon such al appl.cA-
;ion. l have on.y glanC over the papers ana
have not read them caleluily. The petitioner, /
believe Is a man named Hunt 10 noi SNOW Mn.
ne petilSn proee st1irg iS!rnoIarv is lsrse com
b.nation, composed OF previously existing corpora
os ana saons ali qer he purpose Of esfablsh
ing the fact tnat the company Is monopoly. The
1Gt ne eo S XII preee1s are
dissolved and out OF existence Not only is thefe
qur.ae property which belonged 10 other inividuds
or companies nut the statutes Oh ms o,@le n
New-J-rsey contain express provisions that this
IN, American Sugar Refining Company has been
mos. careful tina nothing snoud De done 10 couhlt-
nance ih4 liea Of mon poly Any one can carry on
pany is concerned. 1t has never made any CONTRACTS
~ azteements t. tn contrary Any one can buy
or e1v one else and any ae can sell It any price
he likes. as far the American Company is con-
syracuse y Y. Dec. i-Hunt & Co. who sign
The ne ION be presented % ne Attorney -co< -a
~ res4Ta 10 m IN i''! ac r
RS solely: Tho re2or + current here to-nsa. mat
selves and are pu; fo-Earl IL or Ter .4t The sugar
company my nor reta.ate on the real movers IN
sugar. The firms counsel, S.3ue. Cannon & Petut |
moan % pres the matter 70 conclusion William
Cannon OF the firm is f. New-York looking after
tho case
SATIN LINED COFFIN FOE 4 DOG.
EXPENSIVE BURIAL FOR MRS IDA HoPrER's FOX