New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-02-16

but the only satisfaction he got from srr their
sssppearsnce was that they had become Snio
Then Mr. seares asked TO give ,. his value
UPON the e firms taken into the trust and the naSe
value of the certificates issued lot Unit nut in
ton 10 him on this subject but Mr. searles
asserted that the valuations put mpo for the pur-
nose of Incorporation The valuations ne ass, IRON
ala not represent the intrinsic wor,n o. reGneres
which were Valued at taken into the Hs
after its forma9 9 l.. hSd ssuf The 20 low valuation he
maintained was fixed at SO low inquire
Al this point the members Of the COMMITTEE about out
tered into whispered consultation ,o mSt !, was APP
parent that It had reference to the Iair
Of the books Addressing Mr.. searles' the ch'''-
'n "Have YOU any books here Mr.. seares IN per
formance OF the promise you made az Ppin hooks
in YOUR nop which you would produce sub
ec to the permission Of your Board Of Dmercan
sugar finve et yo" Sro aa%Pi that booky
..w ia To mot not wish to embarrass you We WISH
simply to look the minutes OF ,r the ~ the
soWpanes whose stocks were acquired have sy ' me
American Sugar Refining COMPANY 1,Yur "cTommercia
1nern,oDs but only desire investigate the gum nm
tons involved in the capitalza0Tno oI prepared to
pive us access to those minutes? ,,.oo,ors az
that question h to s thay W we're ' opposed e
c ,.u6c,on Of the minute-book for pubic eSa
nation - ,ho,oupon directed the official
stenoerapher to that the commhte on ref,sed
for the eompanys IN long number inquiries
from different members ss OF nf the usual monthly
S@ an,nss Of the American Sugar Refining nom n
pany We're held Jersey CITY, sna 5ea' wsich
bSa at No. III wals The minute S was @, ne
Jersey cy ron1HS hs RET hs senator
Warner asked whether the book had nor ovo,Sine
Jersey CITY c for 5e tS "F co@paHy to
he no court Mr. scarles denied he Se only
Testifying M nnrchase Of the different rehnere.
Included in tho Trust were contaiheu II" ''' '
"'snswrring Senator McCarren the wi, III Iendon
that the price OF ray ss interests in that centre
;nrra ara ia controlled the raw sugar sepina
over world The ,So Hmeri S Cuba he said had
been Obliged 10 draw upon ruropc ie0e''
some 10000 tons OF raw material
THE NORWEGIAN AND THE IRo'l''
son.,or wccarren. a little later, drew Mr. searles
70 speak upon the advantages derived ny ''e WIZ"
,,cman through the institution OF trusts ,..
"s - Ia 90 M tendency 70 work TO the detrnie''
=, tho workngman" contended Mr.. Searies Nal
canno, have employment ct IeO rpta are against
ana ana a. n,srnsis Of labor think every moveTm
made to destroy confidence in fa APP peo5e There
aeansI o tr !, hi STATE hundreds OF millions OF DOLLARS
driven out of it by the fact 'ha' ''f"'''
Kind Of legislation your opinion Is
rw 20 ,o improve labor conditions III ms "'"'e'
asked Senator McCarrcn ,. ,.t,,,,i,r a.. should
well think II We had less i eg,sa'Vu r seapies
ne a great deal better on, feSpohueu WI ~
amid an outburs OF iaughtet: f., ~ ,,,,u make laws
ui T-,a canital 70 the State you VIII lhcIe"sG
Very arsey its industries and It's ions ike
heee are fonented capital will he unsafe ana
certain and such PROCEDURES trnd dn 10 believe that
sn tong az these outcrics against capitai asa"
The Industries Of this State VIII nor ~ capital
''"Dnnt Won think that the aggregation Vi '"P'''
Is against the interest OF the co isu,u and demand
which no trust that was ever 0rganiafud o Ta in
VIZ, There are hundreds OF millions OF uoai nnt
ih t c,,a thai are ready and waiting 10 pe put
me Industries but corporation can maKe az
imIy great profits without eVehtuall! "a rs, Tho
u .rS,da The consumer is amply projected NY '"'
legitimate laws of supply and d enanad nv Senator
H. Sea ries was further examined ny So 90
xow rs TO the alleged benefits that me sugnp
."ner obtained from the Trust. ana lhe Joi,''
s sun d;ourned until 10 o'clock this morning ,,o
Mr. Scarles will again occupy the saau this
W, ,'.inr Of the committees investigation '''
morning