The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1897-02-19
HAvEMEYER ON THE STAND.
The Sugar Trust King Examined by
Mr.. Lex0w.

The Sugar Trust King Examined by
Mr.. LexOW.
Interesting and Spicy Colloquy-The Wall
Paper Trust the Next Institution To Be
Hauled Over the Goals.
New York, February 18Th. O. Have
meyer appeared before the trust investi-
CATION company this afternoon. He stated
that about one-half of the producing
capacity of his company was in this
state.
chow came it then, when half your
producing capacity is in New York, that
you do not pay taxes on $50, 600, 0Oc."
" do not see any relation between
the two things"
"Do you know where the trust deed
of the American Sugar Refining COM
pany isP''
"No sir, do not. e"
Mr. Havemeyer said the figures show
ing the distribution of the preferred
stock of the company, were cut cut of the
trust decd by Mr.. Parsons by permission
of the Arnold committee at time of the
investigation by the United States SEN
ate. The figures were never replaced to
witness knowledge.
"Who had custody Of the mutilated
trust deed?'
"Mr. Parsons.
Chow was it you and your associates
were SO solicitous to conceal these
paper5P,
done. l am not responsible that the deed
should have been destroyed, because in
my Judgment 1t was that deed that
caused all the trouble and hostile lsgisla-
tion and this persecution.
You mean prosecution, don't your"
"No, say persecution. All the fuss
has been over the deed. II the deed had
not been in evidence the legislators
would have been fighting the air All
this sort of thing has teen swept aside
by the supreme court"
"What do you mean by that" asked
Senator Lexow.
"Oh thought your were conversant
with the things that had gone fefore In
this matter by former Investigations, ]"
said the witness.
II am in general way, z" replied Soma
tor Lexow; "but explain what you
mean"
81 mean that we had this. investigation
before one Judge who ruled that we are
a criminal monopoly and another judge
the ruled that we are not. The supreme
court swept all this aside by declaring
that we are not monopoly, as we did
not stffie competition.
Assent yman Warner asked what
became of the books of the original
trust.
"They went out of existence suppose
in 1891.
81 don't know
GLOW do you account for the rise in
sugar since the consolidation"
"By inordinate demand. / mean when
here 10 any rumor of an increase in the
price OF raw sugar, the holders of 1t
jump their prices and we have to get 1t
back some how"
"Are you in favor of the investiga-
tion?''
eyes sir, we court the fullest inquiry
as to the methods of the American Sugar
refining company"
"Yonr have bean subpoenaed TO pro-
duce the original deed of trust"
II don't bellows it Ia in existencs i
last saw it with Mr.. Parsons as custo-
dian.
Mr.. Parsons was sworn. He said that
he was custodian Of the deed. Not in an
official or legal way, but only as counsel.
"What became of the portion of The
deed that was extractedP'
NJ have no recollection of seeing 1t.
1t was claimed at that time, | believe
that there was no reason why the paper
should be preserved"
"Have you any knowledge of it's exist
ence or where it can he foundf"
''No sir. have no knowledge of seeing
it since 1882
The witness said the directors had not
considered. the question of producing the
minute books. Extracts from it. in rela
tiop to Information the committee de-
sired were here In sworn evidence.
Senator Lsxow said the question 81
matter Of law which would be followed
out after this. investigation.
1.-THE only question he said, "now is
In relation to the production of the origi
nal dead of trust which is alleged to have
gone out of existence. All other infor-
nation has been supplied"
Senator Lexow let the other witnesses
of the American Sugar Refining COM
pany go and this finished the probing
of that company.
Henry Burn, president of the National
Wall Paper company was then called. He
said twenty eight companies were alb
sorbed by the National Wall Paper COM
pany. About seventeen companies were
left out of the combination. The combi-
nation secured about 65 per cent of the
business judging By .he I'm. machines Oh s It
WINS STA, 600, 600, subsequently increased
to sa7, 600, 600 or s2s, 600, 600. 1t was all
comm on stock.
The witness said the DOM bination did
not restrict the output of wall paper,
although some concerns had been closed