Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-02-06

morrow. Henry 0. Havemeyer, president
of the American Sugar Refinery. was
sworn and described the organization of
the Sugar Trust in 1857. The assets. real
and personal property of fifteen campa-
MES. were purchased by the American
Refneries Company at the time of the
amalgamaton.
The American Sugar Refining Co. OF
New Jersey Mr.. Havemeyer said. took
the place in 1891 Of the former so-called
trust. 1t was done through purchase.
The new company acquired all the prop
erty before held by the trust and no
more. and was capitalized first a $4,000,
OO0. afterward increased to S75 00,OOO The
greater part Of the S25.0O0,O0O increase
went in purchase Of the Philadelphia
property Mr.. Havemeyer denied that
this stock was put in at 30 cents on the
dollar on a valuation of the Philadelphia
property made by himself and associates.
| saying it was put in at par. In answer to
direct questions. Mr.. Havemeyer denied
categorically that his company controlled
the sugar market in the United States,
fixed the price Of refined sugars. con-
trolled the production of sugar or that it
Iau an agreement WIN llt hulltlliduti
concern. the National. or the St. Louis.
You really do control the product and
price of refined sugar in the United
States, do you not?' asked the Senator.
I'VE undoubtedly do replied Mr..
Havemeyer emphatically. we turn
out between - and SO per cent of the
I whole output of the country"
And | want to say" Mr. Havemeyer
went on. raising his voice. that when
we controlled % per cent. of the output
! the Supreme Court said it was perfectly
legal to do So
Senator Lexow wanted to know about
Arbuckle Bros relations with the Amer
lean Sugar Refining Co.. and spoke Of
the firm competing with the sugar COM
pany.
They never competed with us" said
| Mr.. Havemeyer. They are wholesale
grocers and handled our products
Why did you organize a coffee COM
pany within day or two? Do you think
the coffee business as alluring as the
sugar business"
Yes, I propose TO carry on the coffee
| business just as we have the sugar busi-
ness. and that isl state il here in open
court without fear of contradiction-to
/ the advantage of the consumer. My go
ing into the coffee business has nothing
to DO with Arbuckle taking his trade
| from us. That's pure nonsense
Mr.. Havemeyer denied most emphatic
I ally that the reason the company was
going into the manufacture of coffee was
| the Arbuckles' entering into competition
with it in the sugar business.
"Arbuckle has never competed with
| us" he said. He proposes to do so and
is welcome. We are going into the cof-
! fee business because there is field for
legitimate business there"
Senator Lexow then aroused interest
and surprise by calling John Arbuckle TO
the stand. Mr.. Arbuckle testified that
after he had determined TO build n sugar
refinery director Of the American Sugar
Refining Co, in speaking to him about it.
said:
How would you Ike US TO so into the
coffee business?"
u felt" said Mr.. Arbuckle, that it was
an implied threat"
James y. Jarvis was called He said:
Lowell NJ. Palmer, of the American
Sugar Refineries Co. came to me and
said: If you start rsining sugar we will
20 into the coffee business. and the Have
meyers have more millions than the Ar
buckles "
! The committee adjourned until eleven
! o'clock tomorrow morning.