The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-02-06

were purchased by the American renner-
les company at The time OF the amalga-
nation.
The American Sugar Refining Com-
Dlny, uf Now Jersey, Mr., Hnvemeyer
said, took place In 1891, OF the former so
called trust. j, was done through pul-
chase, The new company acquired all
tho property before held by the trust,
and no more, and was capitalized flrst at
$50 OOO, 900, afterwnrd increased ut $I6,-
OOO, 900. The greater part OF the $g6, OOO0 GOO
increase went In purchase OF the Phila-
delphla property. Mr., Havemeyer de-
MED that this stock was put In at htty
cents on the dollar on valuation Of the
Philadelphia properly made by hlniaeR.
aud associates, saying Il was put in At
par.
DsniAI and Admission.
In answer to direct questions, Mr..
Havemeyer, denied catagorlcally that
his company controlled the sugar mar
set in the United States; fixed the price
of refined sugars, controlled the product
of sugar or that It had an agreement
With the Muilenhauer concern, the Ma
tlonal. or the St Louis.
"You really do control the product and
price OF refined sugar in the United
sthtes, do you note" asked tho senator.
1--WE undoubtedly do" replied MIR.
Havemeyer emphaucally. eve turn out
between rs and so per cent OF the whole
output OF the country. And want 10
say. MIR. Havemeyer went ON. raising
his Voice. "that when we controlled 81
per cent OF the output the supreme court
said II was perfectly leEul 10 do So
Senator LeXow wanted TO know about
Nrbuckle Bros, relations with the Ameri-
can sugar Refining Company, and spoke
OF the firm competing with the sugar
company.
"They never competed with US" said
Mr., HaYemeyer. "They are wholesale
grocers and handled cur products"
"Why did you organize a co1ee COM
pany within a day or two. Dn you
think the coffee business as allurlng as
the sugar business"
ayes, I propose to carry on the couee
business Just as we have the sugar busi-
ness and that ISL state st here In open
court without fear OF contradictiOn--to
tho advantage OF the consumer. My go
ing into the cOfIee business has nothing
to do with ArbuCkle taking his sugar
trade from us That's pure nonsense.
MIR. HaVemeyer denied most emphad-
cally that the reason the company was
going Into the manufacture Of coffee was
the Arbuckles entering into competition
with II In the sugar business
''Arbuclile has never competed with
us." he said. He proposed TO do so,
and Il welcome. We are going Into the
coffee business because there is field for
Legitimate enterprise there"
ArbucEIe's Turn to be Fanny.
Senator Lexow then aroused interest
and surprise by calling John Arbuckle
to the stand. Mr.. Arbuckle testified that
after he had determined to build a SUI
gar refinery director OF the American
Sugar Refining Company, IN speaking
to him about II, said:
"How would you like us to so into the
coffee buslncss2"
II felt" said Mr. Arbuckle, That II
was an implied threat"
James n. Jarvis was called. He said:
Lowell NJ Palmer. Of the American
SuCRr Reilneries Company, came to me
and said: III you start refining sugar we
WIN 20 Into the coffee business, and the
Havemeyers have more millions than
the Arbuclles.
The committee adjourned until IL
O'Clock Tomorrow morning.