New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-16
THE TRUST is AFTER PROFITS.
1T BOUGHT THE wOOLsON SPICE PLANT
TO MAKE MONEY.
Or RATHER MR. HAvEMEYER BOUGHT 1T FOR
THAT PURPosE-INC1DENTALLY HE THINKS
OF DIVIDING THE PROFITS WITH THE
CONSUMERS. ACCORDING TO HIS
MANAGERS STATEMENT.


Toledo Ohio Jan. 15.-Herman Sielcken the
new manager Of the Woolson Spice Company ana
Henry O. Havemeyer a large stakeholder. better
known as president of the American sugar Ke-
fning Company. arrived in the city this morn
ing. Mr. Havemeyer refused to talk, and left
Toledo about noon for New-York. Mr.. Sielcken
is on his way to Chicago but talked at some
length on the future Of the Woolson Spice Com
pany.
II want to correct an error that has been going
the rounds Of the papers," he said, and that
is In reference OF the present owners OF the WOOL
son Spice Company. 1t was not purchaseo Wy
the American Sugar Refining Company OF !"
trust for that company, but Tor the perso'ai u'o
of Mr.. Havemeyer myself ana others VIC
bought II because think that the coHee pusi-
ness is a very profitable one. fact WHICH VIC
CLEAN not only from the books OF the Woolson
Company but from the enormous captai ina.
has been made by the Arbuckles
I'VE think that can make II the largest
coffee roasting plant in the United States oihce
we purchased It, we have doubled the OUTPUT
ord wo exnect to double again There Is no
question that will have to buiid aho'her
plant. so as to provide for an increased demand
and guard against IRE, anu we win '
this improvement soon.
ness because the coffee crop Is the largest IN the
his.orv ~ tho world I'D to the time that we
entered into competition. consumers were reap
inc no benefit whatever from the low price OF
groom coffee The retailer paid the same price
ne before We think that where the raw ma
terial is cheaper. the benefit should be DIVIDED
We are working on the plan OF decreased pron's
and increased output. and we are no" uo'is aS
much business any similar concern !" '"e
country We can still decline one-haif cent anu
make a profit Instead Of losing money now as
has been claimed we are making. as much money
| as the plant ever made
"As to the future management MI. Sieiche"
do YOU care to say anything!
"J will have the active management or the
oor,r.nv hut the Board In Toledo will be prac-
] ticalv Unchanged. I will become director
in Mace of Mr. Acklin. who alone OF the OIL
rectors disrosed Of all his stock ana we nope
to have Judge Doyle consent TO go on no longer
| Of Mr.. Williams. or Ne"-loi NJ wiz ~
has any interest 49,, ,hroL,o,s buv-
| ing the WCoson? -, .n.ior
and has not for a moment been considered,
Judge Morriss court chamner was ~ ,,hn
to the doors At o'clock inns ho NORM, % hear
The Court announced that it was ready 10 ncaI
tho motion for the appointment OF reCeNe'
! for the Woolson Spice Company. Messrs. NUN
Ter Smith and Marshan were ptes % r owls
r.sc n, e. owls looked after the inter
fsts Of the Sugar Trust. MI Lewis n'e 20 W.
| first gun by asking for a continuance III .ne
| hearing until next Friday morning. Llttle pIo-
| fest was made by plalntlli dt'o'"e!' " Wv
court granted the request A., ,,o
As q motion for a dissolution of the inJunc-
| ton has filed. together win detnusfe. =
| the petitior a general disposition OF THESE ma.
| tiers will he mad when The hearing lakes p"V g.
| Mr. Lewis ma L. sone interesting remarks III
! tho course Of which he stated that the Woolson
| factory was not being run at a loss. ana 'nat
GOOD substantial profit being derived IRON
r. colo of its PRODUCTS And that. further
more the defendants are Wiling az an! UNI y
Ill.,, M the sixty-one shares Of the ArhuckeS
M their book value besides paying All uNr
dends earned
Cbicapo Ian 1J-James y. Jarvie. VINO. neN
., ,obr Arbuckle owns the largest partner
,, ,,ores. in the firm OF Arbuckle Brothers
was in Chicago yesterday. attempting to pur
TO- Tho coffee business Of w F. Mclaughlin
Ia want avav empty- handed but presumably
u.u have an interesting report to make to his
firm.
po,h couhatants in the great sugar-cohe'
- ,,,. beinr waged by II. c. Havemeyer or
o ido and John Arbuckle the other, arr
directing their energies toward swinging I'M
,,or augbIin firm and It's influence in their IA
r II Mr. NcTaughlin capitulates to eithe
r;do chirago will lose to New YORK DuslheS
established her, in 1851. ana now me secoh'
larges in its line in this country NE 's S,roa
| iatos 70 Uayemeycr the recent wall Stree
nredictions thai the great Suga~ Trust VII
soon also contro! this country's coffee pusihes
| are likely to be fulfilled. .
purnors that a sale was - he consumnla'e '
,h;s ,,oek are pronounced by Mr. Mclaughlin
os absolutely without foundation. "Ther" Is n"
q hjt of probability Of sale: ne saiu n
rrice would name would frlGh'eh po'h part
AS | do not want to sell.