The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-02-16
petition after the product leaves your

petition after the product leaves your
hand?"
only so far as the other refineries see
fit to adopt our prices" He admitted that
the retailers are obliged to sign the con-
tract and are allowed the 3-16 per cent. re-
bate.
Senator Lexow quickly shifted his posi-
ton and questioned Mr.. Searles as to the
whereabouts of the certificate books of the
original company. To the same question
put in various guises the reply was dis
avowal OF any knowledge of the location
of the books They have been lost sight
of said the witness. They were Obsolete
and of no use" The inquiry showed that
they alone contained the figures showing
the increase from S600O,00O 10 SAB 100000 of
capital stock. and they. together with all
the minutes and records OF the old trust,
are gone.
Senator Lexow then inquired if Mr..
Searles had with him the minute book of
the Sugar Trust.
Il have not" replied the witness. The
directors he continued. declined 10 per-
nit me TO present them here. nave no
power in the matter.
Mr. Searles stated that the book was in
n nor GfS G in his e custody but actually In
possession of one Of the clerks.
Senator Lexow asked that it be noted
that the directors. according to the test-
mony of witness. refused TO make the min
ute book aN ailable. and added that the
whole board of directors would be sub
poenaed to answer and produce the book.
Mr.. Searles volunteered the information
that the sugar product in Cuba had
dwindled from COO 900 tons two years ago
to 900 tons last year. and also that the
price of foreign sugar was controlled in the
rs the increase of large corporations a
disadvantage to the workinSmen? was
asked.
mo. sir" was the reply. IF we had less
legislation we would be far better OFF,. If
you make laws that will invite capital TO
this State instead of driving 1t away 1t
would be an advantage. But so long as IN
vestigations like this are fomented 1t
the Iofa r1ciy
it were the enemy of the worldngman.
There is law far higher than the legis-
lative. than the state OF New Sorkotne
trolls all these things which no trust, how
ever bis is able to control.
Mr. Searles thought it unfair to probe into
the minor workings of any company doing
a legitimate business and have the facts
paraded before the public. Mr.. Searles
promised 10 produce the figures of profits
for the five years preceding and succeeding
the formation of the trust AT 10 o'clock to-
morrow morning. TO which hour an ad-
journmeEt was taken.
National Bureau Of Incorporation.
/ WASHINGTON. Feb. 15.-Representative
Lowe of New York. to-day introduced
bill providing for a national bureau of in
corporation, to be attached to the Treasury
Department, with chief who shall hold
Office during the pleasure of the President
and receive salary of $4,000 per year. 1t
shall then be permissible for any corpora
ton doing business in two or more States
to surrender its acts of incorporation and
TO organize under the act. New organiza-
tons may also receive certificates of in
corporation in the same way. paidin
capital of 100000 Is requisite 10 enjoy the
benefits of the proposed act. Such organi-
cations shall be under the supervision of the
government, and allow their books to be
examined by the authorities and shall pay
certain sums not named in the bill upon or
gan;zing and yearly upon each 100000 of
% initial