The sun., 1897-02-07
COFFEE MONSTER CAUGHT.
OPEN CONFESSION or MONEY! MAX
Iy0 TO THE TRUsr HUyrERS


100 Per Cen. Dividends on Coffee saa
Under-ei, tho Arbuckie--Can . Msrs
FIr- ne "a. Odioss In the Hunt for Proc
Its as n Real Moa.tert Fu. as III.
Lexow Inquiry - Joha 4. searies Nss
There and the Committee Meaitstt.g
what to DO TO Hin when ne Ce.ss.
Senator Lexow's crew OF monster hunters,
known as the Legislative Trust Investigating
Committee, girded on their armor yesterday
again aud went out looking for things. Their
aim. of course. was to find the things that were
labelled trusts, but they brought down an unia-
bellsd affair. This species will probably be
officially classified as the plain. ordinary, every
day business man species. It's chief character
stc was an acquisitiveEess equal In all respects
to the acquisitiveness generally attributed to
labelled trusts, and 1t possessed also OF Just
as much ability to acquire. The discovery came
quite unex xDectedly; It was thought that the
unlsbelled one was in the court room merely
for The purpose OF lespinr on the American
Sugar Refining Company and aiding the COM
mittee to show that that corporation was .
grasping monopoly and made great deal moro
money than any corporation had . right -
make.
When sergeant-at-Arms Garrett J. Benson
| opened the doors OF the Aldermen's chamber in
| the morning Lawyer Edward N. Shepard and
Mr. Parsons represented Mr.. John E. seariss-
| Mr. Arbuckls and his friends, who turned ous
| TO be the unlabelled money makers, were early
! on hand too, and they were looking for trouble.
| 1t Is not too much to say that they got It. Be-
| fore tho committee was called TO order Mr..
| Parsons had . long talk with Senator Lsxow.
| IL his face was any criterion. II was not at all
| satisfactory. Mr.. Shepard talked with Senator
LeIow. also, and no did not look any happier
han ha ~.
| 1880 the members Of tho committee sat upon
| the platform with their heads together. II was
| . quarter to twelve before Chairman Le1ow
raped for order.
| CONSIDERING WHAT TO DO WITH MR.. sEARLns.
The committee took up the case Of Mr. John
| z. Searles hrst. He had failed to obey the sub.
| pnna that was served upon him. Chairman
| Lexow said that Mr.. Searles was in contempt
| and he ordered the eSergeant-at-Arms to call his
| name. When It was called. Mr.. Parsons stepped
| up and said that he was there to explain. Mr..
| searles, he said. received his bp1na a he
| on his way to q train To keep an engagement out
| OF town. Mr.. Seares dropped into Mr.. Par
| sons's Office and left the subpoena, requesting
| Mr.. Parsons to attend to the matter Mr.. Par
sons said that he hsd himself been engaged all
day Friday In arguing o case in the Court of
| Appeals. and that IL had been impossible for
| him to make the proper explanation. Chairman
| Lexow said that the committee not d sposed
to accept the excuse. Mr.. Parson, Erinned.
| Where is he now7" demanded Chairman
Lexow.
| He Is in Washington" replied Nr. Parsons.
| - tave been keeping the telegraph wires hos
ever since midnight getting track Of hiln and
discovered him this morning. Mr.. Seares 10 not
only willing. but desirous of appearing before
this committee and purgng himself ot con-
tempt II he is in contempt He Is not only will
ing bat desirous to give to this committee all
the Information about the American Sugar
Refining Company that 1t is In his power to give.
As understand it, the committee wishes to gee
from him some statistical information. This in
formation is now being prepared AT the ofice OF
the company. and Mr.. searles could not produce
| IL at the present moment even IL he were here"
| "Wnl Mr.. Searles be here on Monday. or will
! he be In Albany, IL the committee so desirsa,'
ask ed Chairman L-xow savAgely.
| II talked with him over the telephone ~
| $40 o'clock" said Mr.. Parsons, and he as-
sured me that he would appear here or in AL
bany. wherever the committee desired. on Mon
day"
The committee will consider his case in
executive session." said Chairman Lexow. And
| then he told Mr. Parsons that be wanted to ask
lot more questions OF Mr. Henry o. Have
meyer
Mr.. Parsons said that Mr.. Havemeyer under
stood that the committee was through with him
| ard that he had not expected to be In town to-
day.
| ARBUcKLE on THE PROFITS IN COFFEE.
Chairman Lexow said crustly that Mr.. Have
meyer had agreed to oe at the service of the
committee when II desired and the COMMITTEES
wanted to talk with him. go Mr.. Parsons sent
for Mr.. Havemeyer, and then began the uncov-
| ering OF a private business that was. from .
financial standpoint. "a heap sight" better
than trust.
Mr.. ArbucKle had evidently had some sort Of
| a commu nication with the committee. He was
called to the stand, and Senator Lexow asked
| him IL he had anything additional that he
wished to state regarding the matters talked OF
on Friday. Mr. Arbuck!e replied with en-
| phasis:
Yes, sir, / want to make a statement In ref
ersnce to the statement made by Mr.. Henry u.
| Hayemeyer. Mr.. Havemeyer said that the rea-
| son he had gone into the coffee business was
that he had heard that Arbuckle Il Co. and
others in that business were making profit of
| three or four cents a pound. Now have hero
| the figures which will show the profit in the
coffee business the past few years" He then
| explained how he calculated the prodts and
said:
In the year 1896 the pro6ts. so calculated.
were a little less than three quarters OF one
cent pound. In the year 1895 they were
| little less than six tentAs OF one cent. pound.
| Why say little less is, that we cannot in
these calculations take bad debts into account.
and where the profits show an even sIT-tentha
| or three quarters the bad debts shade them
| down. In tho year 1894 the profits were six
| tenths OF a cent, and In 500 a little less than
six-tenths OF one cent uer pound for roasted
coffee. Mr.. Hsvemcyer in his statement said
| that his company was mnS lng cent pound on
coffee which doubt very much"