The morning news., 1897-02-19
-DuSrs IN SORE TROUBLE.
,,,Xo1V KEEPS UP HIs PECoidAAs
L. STYLE OF QUESTIONING.

,.,.aesSeS Almost without EX-
tim Are SinguIarIy FOrgetfui
,,,rorant of the Inside Work
. of the MOnOpOlies-Fhe Rnb-
- trust the First In the Crucibie
~. the Day-The Sugar and Wall
Trusts Again Taken Up In
Tor in the Day.
-. York. Feb. Ex-senator Lexow and
.,1lss oues of the joint legislative COM
aitree appointed 20 invesugale tne eAis'-
NJ of trusts and monopoiles IN tiliS
.,a.e met again this morning.
In anticipation of an interesting session.
.lars was a large attendance OF the out
"a. nublc. President II. Q. HaNemeyer
- the sugar refining company was not
-,-srt but he sent word that he would
Ia,ear after the recess. lie hao gone "
sLs mineral of William P. St. John.
,bar}es R Flint and the rubber trusts
..sre accordingly put in the cruclole'
r,,irman Lexow's questions were dlrect-
~ ~ drawing from Mr.. Flint some intor-
e.atior in regard to the destruction by
a+s i',''+ or employees of the rubber trust of
tacilities for the manufacture or rupper al
aiTerent points on Long Island.
Mr. Flint however, profesesd ignorance
Of anv such proceeding. There is good
Sosl of statement of fact or assertion In
MI 1.exow's method of questioning, and
Mr. Flint's replies were in contradiction,
~ lack of knowledge of the subject OF MI
roxov,,s questions. Mr.. Flint stated that
wages in the rubber factories We're the
s,me now as before the organization OF MS
,ornnanv; that the number OF employees
bad decreased and that the price OF rubber
shoes had increased, not as much, however,
as Mr. Lexow's questions alleged.
A factors agreement between the manu-
facturers and dealers, similar to the one
mentioned in the sugar and soda lnVestlga-
ZION appears to be used in the rubber trade.
Mr. Lexow's questions indicated that the
ruhber company paid Il per cent. dividends
last YEAR but Mr.. Flint said the dlYldend
was / per cent Then Chairman LeXow
endeavored to make Mr.. F'lint admit that
the stock of the rubber company was heaN-
ilv Watered-prncipaly water in tact, but
Mr. Flint held different view.
After the recess, Mr.. Hsivemeyer put in
had brought the trust deed of the Amer
lean Sugar Refining Company. lie had
not. and did not know where 1t was
Lawyer Parsons, counsel for the sugar
company, who was present, said IT had
been in his possession, but he did not
know where 1t could be found.
Mr. HaVemeyer said tnat the HSureS
showing the distribution of the preferred
stock of the company were cut out by
Mr.. Parsons, by permission of the Arnold
company. at the time of the Investigation
bv the United States Senate. Neither Mr:
IIavemeyer nor Mr.. Parsons could tell
what became of the books of the original
trust. They presumed the books had been
destroyed. Mr.. Havemeyer expressed re-
gret that the trust deed had not been
DESTROYED as in his opinion it was that
deed that had causesd all the 'persecu-
ton" of the sugar company.
Prosecution, Mr.. LeXow suggested,
but Mr. HaVemeyer adhered to his word.
The sugar people were then dismissed
with the ramark from Chairman LeXow
that the only question remaining for them
was the production of the deed of trust.
All the other information had been sup
Piled.
The wall paper trust was next put under
fire in the person of its president, Henry
Burn. His concern was stocked to the
amount of $2S 100000. 1t controlled about
60 per cent. of the business, seventeen con-
Germs being left out of the trust. Wit
ness said the combination did not restrict
the output of wall paper, although some
concerns had been closed; that in the first
year of its organization the product in
creased 25 or so per cent; that more labor
had been employed than before; that
wages had not decreased and that the ia
miar agreement with sellers was used in
this trade. Witness was directed to pro-
duce this agreement tomorrow.