The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-06
r,,,u.ye.s Before the LeA0~
y II.,y,.tigstors at Albany
,,r,,IosED ABOUT THEIR BUSINESS
y . r.,tncd About Threaten
.ments Made to Him
~ -, Erecting n Refinery

"a several lawyeTS' "ioso cne,"s NJ
a might be supposed, might be-
M.,.a nv the investigation. A letter was
s.,m @. b. Richards * Co.. steam
~ ...n,s Of this city. calling attentcn
: .bs alleged eNl,.edce Of Il pool by tho
~..rsa,,snt,c steamship companies and
.,gs.ting investigation Into ITS methods.
sssoaore a. Havemeyer, Vice president
], ~ American Sugar Refining company.
=. ,hsn sworn, having explained that
~, Ia 1891 he Wis connected with eight
.rar retining companies now operating
i !. ,ha American. Havcmeyer said he had
sot,ang 10 do with the commercial or iis-
/ ii ode Of the bus.negs. He could not give
~ Capitalization of the various compa-
80 absorbed IN 1871 without reference to
| n. books: that was a master upon which
sases would probably be able to inform
. he committee
-. do you tfneaning the american
eugar Refining company transact any
bsneee save sugar relinlngY'
'lthak not
= as n,anuiactute OF cofiee?"
| Yos ar. | am connected with q conee
. nnrany In Ohio"
-W6ai was the object Of your consollda-
4 In In 1872
10 refine sugar"
| aSas not your company organized. Mr..
Bsyemeyer. 10 control the refining and
~ Of sugar In the United States?"
| Il think not. sir,
| DO you not control the sugar markets
| Il the United States ~
| 40 sir"
| "Was not your company organized for
| The purpose OF preventing combinations Of
+ hbor.''
| NO sir"
! aHaye YOU not Increased the capital
sock Of the company since 1877"
| ayes sir"
10 what extent?"
fshoud say $500 .0Oo,"
eliow mary sugar companies outside or
xurs are there In the United States?"
4 should say about eirlt."
III witness then enumerated the names
| III the aQmuanAss.
Ia reply to another question, Havemeyer
au tne AmerUian sugar Refining con-
nny produced from~73 TO rs per cent OF
ee sugar manufacturer in the United
iis.
why was the stock increased?"
TO purchase other companies"
AWhat are those c1mF1n!esl'
hi he boIawefe sugar Refining compa-
les Of Philadelphia"
rs Il not fact that the price of sugar
hreased owing to the acquisition of these
bur compaD!es?"
a ,nAk not. the price Of sugar is lower
rew than II was then"
"who fixes tire price at the board meet
| hesgT
my brrther.'
Referring 10 the recant advent of the
sugar company IN the coffee traaa the
chairman Of the com.rgttee said:
nessT
Il ihcuxht 1t was pretty good bust
ness
sA,e Won Wiling 10 ewenr that TIN. off,
on IN No, orean,zed FOR the purpose of
trut,ing oif corpet5tlon agili1st the Amer
rsn Sugir ReSning company?''
''1fny are moi, Sir" the witness said
ssty DO yor hesitate 10 arswer?"
Tour questions are On long that T mus,
hn time 10 follow the drift of your
szEons'
M connesliimn tn Inc s,,cror n,ari.a,
q nsws,rao.,. I'll =" ,"s sIsai niSn NJ
sasue IN Ohio brought about through
~ ss Y. o aa 40, you purchase the Woolsen
I'll have to refer Won TO nv brother"
notei the WEES.
sNet II lis company organized in New
seeT ~ as to erale the payment of tax.
w w under the laws OF the State of New
spua haye 10 he as,, iSSoi s,o yiist ia"Ngi
hnms had advised If r'h. nrSferr,d
sok OF the company was 81. 90 900 and
Y. Common stock sStt0.e0. A dividend
pc enit was declared last yeac on the
sss,pd AMI lTner cent on the common.
1pus
Hsyemeyer said. "if did not make Ia. ID
x.nsr cent IN It,"
SSsa'or LeSow quoted some figures from
a. n y paper which showed that In
~, T. The surplus of sock incrulsed
sArs $500; ;hoIs 10 SlS,Vn,oD.
ror e s,cse heures correct?' asked Sen
Il can ant sov ,,ro,,
'.aanis e. they are correct"
pys any business not I'm The nat,,re Of
Plenty Of them '' AZ VI 10 per cent
"ccseess s one OF them
And t. ~, ,S instance"
~ >N' 'He reason you went into
reysr way OF The reasons," smiled Mr.. Have
~.
10 Az asrs you willing to swear that there Is
scur ', comnNn,, verbal or wrt,ien, between
M fxInr ~ end any other vegar ling
Il am w, II ima,sntaInlng OF pr'ces 7"
how there 'i n 70 swear that AS fur as
Henry O. Ha w SHSl agtsemeot'"
,mer.csn Sugar go, president OF the
fhe assa,t the situation Of the rust IN INA
AnsricsS 'ippA ales were purchased by inc
u he amalSameet,y company, ut the time
ssssseloss Of the ~ ff.s senat9r Lexow If tie
eop,ss,l me directors Of tbe