The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-19
IfIoV COMMITTEES WORK
!. Investigations Of the Trusts
" Arc Still Continued.
,rsBep, SUGAR AND WALL PAPER
...r. Produced Figures Re-
," Labor aud Taxes of the
s,xar Refining Company.

~
,,,ss were early on hand at the
investigation today and awaited
rival OF the chairman. who was
~ as usual, IN arriving.
Nv r,avemeyer was attending Mr.. St.
,sns funeral. but was expected later.
JEW %sa directors of the American Sugar
s-,,u conipany met yesterday after
N ssld Mr. Pdrson, and the re-
w. ~ the committee that they fur
~ ~ .rreemcrt is in regard 10 the pur-
Va" ~ the Philadelphia Refining cHl-
20 and certain figures regarding labor
va va amonilt OF taXNss paid py Vhe COM
o." in inc State CT New YORK MAS con-
pa4ayr,i / was autncsl2ed BY the direct
~, do now present the agreement
ps 49, 49, ro the purchase OF the Pnila-
h,isess. concerns and the information re-
a.es.,in. labor and taxes paid by the com
sSs .1SSs '"s.' ,n,,,., n the documents.
Wban Mr. Flint took the stand he was
.,rad IL he provided the dDta which he
SSH s1ln,sal at Yesterdays hearing to pro-
s"cs today. He said he had only u part
Xii Nearly all the testimony eiictcl IN
e,aminaiion was nesatiNc' ne ADMITTED
,has The United States Rubber con.pany
nwnei all the stock OF the BrouNNiNen
eornsnv but did not know whether the
smaler plant had been torn down or
els,naptled He did not know whether or
hot 80 hands hal neen tn ir.,t,, ont OF
psbher company closing The Rrookhavcn
s"nrern last summer. Witness denied
,hat the Seatuket concern, employing be-
tween W and 1000 hlnds. MAS, rendered
imperative al the Instance OF the United
s,sios Rubber company.
.Il Is a going concern and Is only shut
down al present Tor needed repairs" he
eAd,
the Emitted Stgtes Rubber company woull
Ia likely 10 advance money 70 smaller
concerns 10 refrain from controlling their
OUTPUT. lie said the l}r0okhaven concern
yas bought merely because II could b.
hoggh, CHEAP, but he dil not know what
N stoes sold for lie added that other
PURCHASES of plants wore IN contempl.-
ton Concerning the purchase of The sea
uke wtmss sad labor there WAS paid
s per cent less than in the United States
Rubber company.
Senator Leyow asked II this was the
esye why the trust had bought and closed
The Seati,ket mill The witness Ild not
,we direct answer to the question. but
entered on an explanation showing ,h1t
The United States Rubber company had
lah and was now paying higher wages
han any other concern in the rubber
Business lie sid the company bad
thought more desirable 10 develop che
concern that cost 81 301,rO than the Sea
tuiet factory, whose plant cost $4,000.
Witness said THAI the company since ~
CONSULTATION had paid Il little over l per
cent on It's common stock.
How much of the capital stock had
been Issued for propert Is now close1?'
ssk,d Chlirman LeXow.
LESS than per cent for the total CAPT
tai portion OF the United States Rubber
company"
10 pit 1t plainly. Mr.. Flint, isn't the
enile ssneral stock of the company
vatered?"
"No. Is a specific conditlo1."
Nov: does not a great deal Of your
esgs represent only water which your
eorpanys d!recs tors expect some day 10
cstso? into something which may pay
"Wshaye our trade marks and patents;
81 sts very valuable Just as valuable
q hsck and mortar"
Tat It Just this practice of issuing
30 spodnt OF stock for what Is called
" w.il that has brought these indtv!d-
vomhnal.ons into dlsrepute?"
X Flat denies that the United States
E!tef company Is In disreputo
now 20 Ipu explain that the public Is
~ elnh'ied TO share In the benefits ii
v nominal valuation is increaSed?'
nea they could not share in II until
y ~hsohiaton was made"
.. nov 90 YOU explain that your stock
tsmY" 40 Nv '"'' 'iO'' ~
! desire 70 say that the present execu-
h.
" Company hold about 5000. ea."
~, ia Wy & to say, the original Insiders
~. t,"n.Nr ana that S@RhpN has been
E sasa o. the capitalization being s59,
Aa The large original stockholders stu
- ~ ABOUT the same amount OF stock.
sa =. an ISOLATED property. If 4 had TO
49, w might not bring go per cent OF It's
a aTs eSpsanel Mr. Fl.nt.
IN. ~. y ian' vs.. CONTINUED Mr.. Flint ''that
NHNlbrS iOlAy inn't
" X, m Their basket"
s III fint .eaid the amount of common
,sssi !. ss s representing good VIII was
us Nm % $1,000. $1,000, ny way OF exp,anation
rcrs,, i, sl1le' dhat one If the objects OF
M ~ r..ih was to enable the property
lf,s,ru l on the market IN readable form
ISn : 'g S Henry o. IAvemeyer and
sspec,yo,,a, isens president and counsel
irne ,, nn OF the American Sugar Re-
W., VT seonnHany, were present.
h, ea,s ~ ~ cent taN enieyer had taken
lSos cn,, ne WIS asked a number of uucs-
bwr '''erfng ground heretofore gone
~ ~ you know whore tho orr,na, doel
~ sc emerson sugRr Refining company
M 49, ,ps@ie1 Senator LoNow.
Nj I'D a.. DO not" was the reply
afss shor,,r ~ men said that the fig
al shy nyr".hs the distribution Of the oriri.
4, DE- DE- Of the company were cuf ont liz
crr,t,ahs ny PERMISSION of tho Arnold
fthe ssr., =, the time Of the 9uyestigation
IL.
NJ 10 yol mean taat9"
hi o,,, NJ say that tho figures ve,rc
Fason bv A., Tine Of the Arnold lnvesti-
Ejthln9 - -, PARSONS without regard to
pes nai re ae'i9rs or ~nce. The figures
Who haa ~ to my knowledge"
AAsi 'ne custody of the trust
W. M. Parsons
y were @ 50 1t s6 ehat rSu and your associ-
fesf 'V"e'tous to conceal these
BE -Il's Ne people agreed to have th,,
leus Am an not responsbia. Nv ma,
ave been a. neen DESTROYED. IL shouli
1t Il w. s,,.ioyed, because IN INV iDe'.'
ss6e ami 1bs n, deed tina, caused ail the
n ption,' SN'He legislation and this
y Ne saw ssy Prosecution, don'r youq"
"a eser ihi n,s,ssec,utlon. An the fuss has
70 n Nxls,eneeaael- " tan daci Ind nor
s,s htea dsb uge he Investigators won,i
9eeh swee, W AR All this th,ne
~, ue ny The scheme
S ai d tss you meau by tha.Y.
~ ~ nngs thss you we've conversart
,s.1 BY for,noss.h nave gone before IN this
pr ~, VI have hss Investigations. mean
as ersr,une judge hns ~ ~ Nv
s,st Nat M MONOPOLY ma oto.,,n,.
il. sasp an "Seie not. The suorsr1e
s'sesers no, uhs aside by declarine
asss ~ sa not side monopoly, inIsmuch
B hcoEss'hs Warner 1',,son
nsss- so he s,,, ss.ilt q irust. Mir. Have
Esse n lysi.Ss0sed they wcat out of
Iecn,, ~ deztrovaaon
WI hhow. dcn,,
Ty.'r'7 swear they We're '"' n opoR 81
x. NJ M s r,s,'. to ANYTHING oon,,
M ,uo you &c., abont my oath"