The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-02-07
osE pRoFITsIN COFFEE.
.DsrckLE SAYS ITsNDER A CENT
POU.

-r.,,fes There's No Bfit I'm the Bus
,,.ss and That Havemeyers
ne Losing Ere $500 to $1,000
yaDsv-Thinks Ifts Firm Would
c,,. In sugar Refng the sugnr
r.nst People wild Abandon
rheir New Coffee lsiness.
~. YORK Feb. ct joint committee
n,inted bv the leghture to investi-
,to trusts and monopes in this state
Sos,ned its session thinorning.
~ WAS 1870 o'clock, nen Mr.. LeXow
I'D for order. Heiirected the SER
.l,,+-at-arms to call Z name of John h.
seearlee There was nresponse. Lawyer
]1o,s arose and sa that Mr.. Searles
r,ss on his way to taxa train tor WASH
;orton when he was sved with the COM
,nittee's subpoenae Epromised that Mr.
Soorles would appeabefore the commit
40 On Monday next sd bring the required
data. -, .o,,aa 20 the
Iohn Arbuckle wa then recalieu " ',ie
"a I1a informed e committee that he
,,isbed to make a stement. He tolo tne
,n,r,ittoe that therofits from coffee In
zoe was onlv threquarters of a cent
-',y in 1875 a. lie less than 6-1O OF
cent. in 1884, clio GA cent ana III 1862 ="
i little less than 6-10f a cent.
orhere is no prof in the conee business
g., 49, nov, and Ihould say the HaXe-
,.,.ors must be l6ing from $500 to $lOOo
Sa,, in the businss," said Mr.. Arbuckle.
ma witness ais said that he believed
~ ,or,rav stopped building the
80 refinery tb Havemeyers would go
N - +1,,,. coffee usiness tomorrow.
I,r5es v Jarvi the partner OF Mr.. AT
si.I, was alserecalled. He also testl-
h ,'5tt,+ there us no profit in the colIee
ieu &c FOR IN past two years. rms
Dusii ~ "dirart contradiction of the state
n@nt If II 0. Iavemeyer, VINO lestllleu
i.nsierdav that the cottee business PIE
sented a most during nelu loI SP o,' a,S,
sen'C md gave magnificent returns 1of any
investment. 49,. ,,,ora about OOO
~ roaeting trms in the United states.
Srbe fbrep leadng firms are the Arpuchto
Company the MGl4augnllL1 80 flppoSsnv
C6icago, and tie Woolson spice COMPANY
NJ ,So,15tor Tax,w then went into an c&'
baIstive INJURY about the cottee trade
n%G NE witness explained all about the
prices .a.s +b,+ u,han the
. ,nlarican SugarRefneries Company went
ma the coffee Business through the Wool-
sSn Spice Company, the market prices
for real coffee Mas 10 cents Ihey rS SOU
Il at Is cents 10 the middlemen. Iney
now sell it at 13lg ana the "oolsoiA O0'-i
+ TIE witness, IN reply to question,
eaid he thought a difference OF Genus
n The outnut cost of the Woolson spice
Company would Justlly UiNAu " W
y Der cent -. ,,,.i7c,. e.
II DO YOU as manufacturer CONSIDER IL
. lair to amass from the consumers eur
nous profits to be distributed among the
directors aud stockholders IN the shape VI
Mr. JaTvie, took a long time to answer
his question and seemed to peat apout
4 HE bush, and the spectators stamped tneir
bet on the floor in disapproVai. he maj
said that the 80 per cent. dlVldenu only
represented a per cent. dividend on the
fresent value of the stock.
Fl Is it fact that they are putting up a
better coffee at less price than you Tor
be purpose of driving you out OF the mar
tet?' asked Chairman Lexow.
M Il think our coffee is better than theirs"
applied Mr. Jarvle. 80 .
5 Mr. Lexow announced a recess until 2
III clock, and said that in the meantime the
8HDmmittee would hold secret session.
4 ne secret session lasted about ten min
f Mes At its conclusion Chairman LexoW
announced that the committee had defer
n nd action in the Searles matter until 10
llUch MUnudS uG3l5 MIOlls ~ Ndo
Ncted he would be present.
#ld. O. HaVemeyer was on hand when
DC committee re-assembled. He was re-
% led, and in reply to a question denied
n mat there were any sugar refineries closed
al ter the consolidation in 1891.
| think my brother was in error when
N said that some of the refinerieS were
N|bsed after consolidation in 1891"
The witness said that about six refinerieS
nero closed previous to the consolidation.
F. til about q aT11nlnNrp1 i'm
Were the four Philadelphia refineries
Wquired by the trust closed after the for
M ton of the truSt2"
II No, sir, they are running now"
Is 1t true that after the organization
81 the sugar trust you discharged 1000
n n, Of whom only few were re-employ-
4 That is absolutely false; we never en-
&Eoyed 1900 men in the state of New
IN reply to a question the witness iden-
pea the copy of a deed drawn up at the
sanizatlon Of the sugar trust This was
in evidence.
4 PR, Havemeyer gave a lot of figures
wing that the price of sugar was re-
peu III cents per hundred pounds since
IA formation of the trust.
ohn Bergen, the next witness, testified
ne was employed as foreman of the
rs OF the American Sugar Refineries
Ia mpany up to 1892 when he was dis
alged. Between 500 and 600 men were
ne witness said that at the time OF the
edhlzauon of the sugar trust in 1887 a
at number OF men were discharged.
ABOUT how many?" III
About 5000 or 1000
HaNemeyer, who was sitting near
a teporters table, smiled at this state
#ht and said: THAT man is a bigger
than he looks"
ne witness said that the men were not
IA Vn aa,i,Jyd and had to scatter all over
Uan Arbuckle again took the stand. He
u,eu 20 explain that the price of coffee
IA variable, and that he believed 1t was
NUS speculative business in the world
.f nay proportion of the coffee trade
e hlted States do you control?"
Wg senator Lexow.
AL Me Qon control the trade: but we do
"A En-, {9nne-fourth of the trade, handling
ny lV0OOO bags"
4 MI 'sfp rr1e you an agreement with the other
NJ " Hs 10 Tx the price?"
WV SIT; we have no apreement. vva
TX our own prices"
IN FMi'11ess, however, admitted that the
~ fnnI41eeu by his firm was pretty gener.
+. Oac C,, sjNw.ed by the other dealers.
er 'a1isliSon!a,lly, however, their price falls
Ky piurs, explained Mr.. ArbuckIe.
ncos9s luneture Chairman LexoW an
f. eD nv, ~, mat au adjournment would he
U"'ll ~ o'clock on Monday next.
/| pOurtrY -e-lp-S---
V"iEH AND "CHAMBERLAIN.,