The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1897-02-06
SEARLES IN DEMAND
Trust Investigators Want to
Get Hold of the Sugar
Company's Brains.
HIS WHEREABOUTS A MYSTERY
Committee Will Not Have Any
Goff to 0vershadow Them
This Time.

a.
NEW YORK. Feb. 6. 1ss7.-The joint
committee appointed by the Legislature
to investigate trusts and monopolies in
this State resumed its session this morn
ing. Senator Lexows arrived at n:1O
o'clock. Messrs. Parsons and Shepard.
counsel for Secretary Searles of the
American Sugar Refineries Company, who
were awaiting his arrival, held consul
: tation with him lasting about ten min
i utes. AT it's conclusion Mr.. Lexow an
nounced that he did not know when Mr..
Searles would be present. Two rumors
were in circulation this morning. One
was that Mr.. Searles was in Canton and
the other that he was In Washington. 1t
was learned that his lawyers had prom
ised that he would be on hand Monday.
The members of the committee indulged
in a protracted conference before resum-
ing the taking of testimony.
1t was n:30 o'clock when Mr. Lexow
raped for order. He directed the Ser
geant-at-Arms to call the name of John
E. Searles. There was no response. Law
yer Parsons arose and said that Mr..
Searles was on his way to take a train
when he was served with the committees
subpoena. He further stated that he had
se,sr1es .s,a thst 10 ,,.d tr;eea - raa,,
him last night hut failed He nronised
that Mr. Searles waa,,d annear before the
COMMITTEES either here or al Albany on
,6o-,,,, -.
data.
did Mr. Searles leave the city after
he was served with the subpoena?" asked
Senator Lexow stern1y.
tsHp was on oie nav n, $40 In, ,r,l,a,,
he was served, and I think that men en-
gagged in big business enternrises should
have littla tiy, ft
sar,.,-s ;, '-.A4e 0i'el eiie Suppoena was
sclseu
did he call upon you before leaving
the citv9,,
.syes .;r.
sar' ne cameo at my office and
asked me to present his excuses to the
committee"
=,
MT PARSONS, In executive session and will
determine whether We will hold Mr.
Searles in conte,,,,t - III, 80
r,,,r,ro ,.,s VI anu" nlLn TO
Pui &c ninsei1 py appearing ON Monday
peiore the committee"
Mr.. Parsons again assured the com.
mfttee tb.t mr. Ca..,, eAo eon
Io,s ~. 'ee'ies "ouio pe on nano.
sonn ArDuckie was then recalled to the
stand. He informed the committee that
he wished to ,naka sts..n,a,,+ e. .e1s
.ne eoliinlttee that the profits from coffee
IN 1886 was only %-of cent a pound. in
in 1896 were only z of a cent q. nonnd in
e IN -. = - - = e.s = poeaie' p' IA
~ peA Cent. anu III 1885 ntrte less than
6-l0 per cent.
There is no profit in the coffee business
Ior 10 a,usu us now. and I should say the Have
meyers must be losing from S. 900 to $10,-
wv a day in the business said Mr., Ar
buckle. NC,
The witness also said that he believed
that If his company stopped building the
sugar rehnery the Havemeyers would go
OUT on lhe coTee business tomorrow
James NJ Jarvis, the partner of Mr..
AafsDaachie. AT was also recalled. He also tes-
eliieu tnal tnere was no profit in the cOf-
Zee business for the past two years. This
was IN d1recI coptradict1on of the state
ment OF II; Q. Havemeyer, who testified
yesterday that the conee business pre-
sented sei most aIlur1ng held for specu-
la.ioii ana gave magnlhcent returns for
any investment:
MT. Jarvle saId there We're about LOCO
s,t,1 eoifee e. roasting frms in the United States.
dne unree ieadlng nrms are the Arbuchle
90, the Mclaughlin Co., of Chicago, and
the Woolson Spice Company.
senator LexoW then went into an ex-
haustive inquiry about the coffee trade
and the witness explained all about the
prices.
What was the purchase price when the
American Sugar Refining Company went
into the coffee business through the Wool
son Spice Coz
81 should saw the market nrice for rea1
coffee was 10 cents. We sold # at * cents ts
q Mound to the mir5diemen - - oene'
dyvhst ny;ca 40 vo,, Ssu Il 81 ro,,,o,,
.At 131L cents ;, so - ~"
49, III H. SIlsro IWo,,, c,x. l,. :,
- - % ene aas,+ noo1Son -, Spice company sell
w. 20 &c, ss.ss
or g, 81 Saa ..,
- .ners pIoilt at lnal price TO your
IN, Ne cant ngure 1t out
Ihen Wnat loss Is IT to the Woolson
co1sqmeef n bage not ea,cu,ataa mat. M