The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-02-06


to-Iss ne vas connected with eight sugar
refining companies now operating as me
American. HaEemeyer said ne had moth
ing 10 do with the commercial or tnan-
cial side Of the business. and could not
give the capitalization OF the various
compa MES absorbed IN 1881 without refer
ence TO the books. That was "a matter
upon which Mr. Searles would probably be
able 10 Inform the committee. The ques-
ton Was then pat TO the witness:
DO you CmeanIng the American Sugar
Refining Company transact any business
save sugar refining Il think not
Have you not recently been led into 70
Ohio"
What was the object OF your consoll-
dalton Ia 1917 ITO refine sugar.
Was not your company organized. Mr.;
Havemeyer TO control the refining and
sale Of sugar in the United States i
DO You not control the sugar market OF
the United Ststesg" mo. sir
Was your company not organized fo-
she purpose q Preve2ting Illegal com
Have You not increased the. capital
stock OF the company since 1877 Yes,
TO What extent9" II should say s25.-
CO.. coo"
''liow many sugar companies outside %
yours are there in the United states
Witness then enumerated the names OF
the companies. In reply 10 another ques-
ton Havemeyer said the American sugar
Refining Company produced from - TO
Is per cent. OF the sugar Manufactured
In the United States.
why was the stock incressedF ITO
purchase other companies. the franNIyn,
Knight Spreckels and Delaware sugar
Refining Companies, Philadelphia.
els IL not a fact that the price OF sugar
Increased owing 10 the Influence or your
eofnpany7'' mo. sir 7 think the price or
sugar now Is lower than u was then"
board9'' MY brother"
Rsvertlnr tc the recent advent OF the
sugar company In the coffee trade, the
chairman OF the committee asked;
why did YOU go into the coffee bust,
ness?" i Thought IL was pretty good
Are YOU willing to swear that tire ofi-
GERS - the coffee company are not or
ganlEed FOR the purpose or sa1ltlHs ooI
reHners7" They are not. sir" the W.T.
ness said slowly.
why 10 you hesitate 20 answer
your questions are 20 long that ] must
take tirle % follow the drift % your aues-
tons
witness .aia that part OF the cry about
competition 60 Tire sugar market was
newspaper talk. but admitted defending
a suit n Ohio brought about through the
activity OF the competition there.
When az you Pa 2lhase tie Wools son
- nv brother
Asked e his company organized In New
Jersey go "a To avoid TIE payment ~
taxation under the laws % the state OF
Now YORK he s1il NJ. Parsons, their
lawyer. void have % - asked about
mat Mr.. Parsons had advised g. The
ssr1s ~
90. aaa snd the common stock s., 80 On
a dividend 81 per cent was declared
on the preferred and l. per cent Ca mo
common stock In addition there may
have been accumulated surplus.
y would nor So into business Mr.
Waveuryer said. 'Gf Z AID Rot make IS
or 90 ner cent in IT.
Senator Iexor quoted some figures from
& n7aucial paper. witch showed that In
lSa&-5-e thr surplus % stock increased
from Ssoaoo 30 10 Nseooeoo.
Are those figures cor-cctr" asked Sen
Il csnnot say. n yoa got them from
Mr. Scarlos they are correct"
"ro Yen know any business not In TIE
nature Of a monopoly thar pays Is Or Is
Per cent = ''Pleuty y them .
"ren rs ere or thcm.' "CoGee. FOR in
And ,hat IS The reason you went into
fsT zone - them"
Are you willing 70 swear that the~e
Is no agreeane7t Verh1l ar written BE-
tween your company and NV Others 70
gar8irE the axing or maintaining ~
t.-i.tss p Il am Wi inE 20 sve8r that 50
fsr ss know therc Is no such aEree-
rsaut "
Haarv - Ttavensn vcr. president - TIE
American Sugar Refining O. described
ere orEa niaafion - she sugar trust - 1NS7
The axssta real ard personal. ~ the 80
teen cnCnpsoiss. were purchased oy tae
American Refinery Company az TIRE tiue
~ ire aa1aiEan' alton. Asked by SsSs ter
excw y the directors % the afteen orig
taal reHGss;es were uet the directors q