The evening times., 1897-07-17

Seariee and his associates in the directory.
He s now in Europe, at the most critical
poiu- ia tariff legislation at Washington.
Opposed TO this opinion is Mr.. Have
meyers statement OF several months ago,
that he had been born and reared in the
sugar business, and would die init.
"In the man, Wall street rejects the sup
position that Mr.. Havemeyer win retire
from the presidency or the trust. Those
who believe that he is now a minority
StocEhol1er, expect him to continue in
command, with the support OF the new
STANDARD OH element freely accorded to
him. This is held to be the result of a
compro.nise made while the Standard Oil
Clique was still buy ying stock. Nobod y pro-
fesses TO know the details OF the compro-
mise, ,althourhitisg generally believed to have
been made.
Certain IL is that the Standard Oil Com
pany 5 not now The commercial antagonist
OF the sugar trust that ii was when IL
announced it, affjliation withthe Arbucktes
in competitive refining enterprise and the
sugar trust retaliated by bu yiIig the Wool
son Spice Conpany's plant. The twonighty
trusts then appeared to be at swords
points. 1t has only recently been discov-
cred that the aim OF the Standard Oil pee
pie n that move was to force sugar trust
stocks down for the purpose of buying,
rather than to enter seriously into the busi-
ness of sugar refining.
The heavy acquisition Of sugar tr;st
stock by tine Standard Oil people is CON
sidered 10 imply Jnat, whatever may be
done now, the Oil monopoly VIII eventu-
ally own and control the entire stock and
properties OF the sugar trust
''As long as Havemcyeri is valuable 20 the
business, which will be as long as he re-
mains ia At, his interests viii not clash
with the STANDARD Oil people, and there
win be comparatively slight changes In
the management. Upon his retirement or
death the Standard Oil crowd will ac-
quire the bulk OF his remaining holdings
and complete the work of making sugar
trust stock, like Standard Oil stock, a
permanent non-speculative investment Sc
curity.
1t is known that John ID and William
Rockefeller Lave long considered the bnsi-
ness Of the American Sugar Refining Com
paRy the best in the country, save only
Roc efeller is declared to have said that
if the Havemeyers would stop manipula-
ton OF this stock IL would be wor5h 300,
more than double its present market value.
The Standard oil people are cred it ed with
the wish tc gather in at the present quo
tai.Uns. and hold it in their vaults until
il JuStifies the oil kings declaration
The secrecy of the Standard OILS cliquels
deals in sugar breaks all the records OF
their subtle ulter1or work on the Stock Ex.
Change 1t is said that some of the firms
buying stock for them do not know who
they have been buying for, having received
their orders from brokers closer 10 the
throne"
The STANDARD Oil Company is sca pitalze1
at 500 ,0oo 900. Its capital stock Is
worth S31S, 900, 900. 1t owns subsidiary
concerns, mostly in the oil industries. cap-
talized at $500 ,O00, 900 more. The ag
gregate market value of these subsidiary
interests is fully 81 900 100000. The ST..
600 100000 of capital stock which they
control Is more than the amount invested
in half a dozen OF the largest American
railroads One of their subsidiary compa-
nies the National Transit Company-pays
1000 per cent annually on the money in.
vested in il.
by deal with the Russian trust in pc
trOleum, the Standard Oil trust has ac-
quired the monopoly OF more than half the
world in the oil trade. 1t supplies 80 per
cent of the oil CONSUME in North Central
and South America, Australia. Africa and
the poPiilous Countries of Western Europe
Ii sells l,alf the oil used in India
For years the power of the Standard Oil
trust has teen well-Iigh absolute in Amer
ican coniaerce. IL controls railroads,
ndres, financial institutions and business
CorceTns which have no close relation to
the oil business. 1t has more money than
it can employ in the oil business.
The sugar Trusts it's next natural prey.
Under the control Of the Havemeyers. the
American Sugar Refining Company has
grown to he the only American property to
be compared with the oil trust in earning
possibilities. Its capital is $50 ,0o0 900
II has a surplus of Sl3 900, 900. and pays
! 2 per cent dividends on its common stock
This stock has now reached 1877. AMI tie
Standard Oil people, it is said, hope TO
force X to 300.
VERY valuable properties OF the sugar
trust are scattered over the country Its
refneries are in Boston, Philadelphia,
Brooklyn, jersey City, New Orleans, San
Francisco. More than so per cent of the
business Of the country in sugar is monopo-
lizec 10y it.
"During rhe past six weeks the sugar
trust has earned an unusual profit OF
$4,000. 900 iu trade. In the same period,
by anticipating the Dingley tariff. in i'm
pc-tatons. IL has saved another special
profit of S12.00o,000. Since the DISPOSE
ton OF Congress toward the trust has been
known its stock has advanced twenty
points, providing another profit of ST.
300 600"