The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-02-06
THEODORE HAvEMEYEA

cation. A letter was read from G. B.
Richards & Co, steamship agent, or
this city. calling attention TO the al
legged existence of a pool by the trans
atlantic steamship companies and re-
questing an, investigation into its meth
ods.
Theodore A. Havemeyer, vice presi-
dent of the American Sugar REFINING
company, was then sworn. Having ex-
planned that prior to 1891 he was con-
nected with the eight sugar refining
companies now operating as the Amerl-
can. Mr.. Havemeyer said he had noth-
ing to do with the commercial or hscat
side Of the business. He could not give
the Capitalization of the various COM
panies that were absorbed in 1891 with
out a reference to the books; that was
a matter upon which Mr.. Searles would
nrnhably be able IN inform the COM
mittee.
Connected with a Coffee Company.
The question was then put to the wit
ness. "Do YOU [meaning the American
Sugar Refining company transact any
business save sugar rehning
"I think not" replied Mr.. Havemeyer.
"HaVe you not TeCtuliy pNSi 49,
the manufacture of coffeeE
Yes. sir; l am connected with
coffee company in Ohio.
what was the object Of your consoi-
idation in 1872
"To refine sugar"
"Was not your company organized
Mr.. Havemeyer, to control the renning
and sale of sugar in the United States!
II think not, sir.
"Do YOU not control the sugar mar
kets of the United States?"
mo, sir"
was your company not organized
| for the purpose of preventing llegai
| combinations of laborY
mo, sir"
"uave YOU not increased the capital
stock of the company since 1877
"Yes, sir"
| ITO what extent?
IT should say s25,Ooo,oOO."
Eight independent Companies
GLOW many sugar companies outside
( of yours are there In the Ohitee
States?" MI,
"I should say about eight" Th'
uitness then enumerated the names O
the companies. ,ru
Tn reply to another question, Mr.
uavemeyer said the American Suga
Refineries company produced from 13 U
TX nor cent. of the sugar manufactures
i'm the United States. .,,
"yvhv was the stock increased?
"To purchase other companies
what are these companies
.rha FRANKLIN. the Knight, tn
|
fining companies or Phiiaoeiphia
us not 1t fact that the price Oh 81
gar increased owing to the acqu'si'io
of theseY' - .,,rar
ct think not; the price OF sugar
lower now than 1t was then.
"Who fixes the prices at the BOAR
meetings. A., ,,tnes
, Thought 1t Good Business.
po,,art;np TO the recent advent or II
: oor,nany in the coffee trade, Il
oheirman of the committee asked:
"Why did you go into the coffee ou
iness?" ooa hus
ness" ,hat .,
Are you willing to swear ina. u
oeicers of the sugar company are u
onived for the purpose Of shuttiI
o,,t competition against the Americ'
sugar Rehnsries companyT =.
"They are not, sir" the witness sa
, why do you hesitate to answer
your questions are SO long that
must take time to follow the dritt
your questions" - 49,.
witness said that part OF the 9
i about competition in the sugar MARI
was newspaper talk. but admitted
Tending suit In. Ohio brought 40.
through the activity OF compet'''
there. A.. vvoo,s
stock in Ohiof"
would Have 70 Ash othsr~
"r.u have 10 refer you to my orosne
. reulied the witness. Askso u n's w