The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-01-04
Arbuckles, 1t Is Said, VIII Let Sugar
Alone, and Havcmeyer Will Go
Out of Conec Business.
FIGHT HAS COST $25,OoO,Oo
DETAILS OF THE ALLEGED DEAL
BETWEEN TWO BIG CONCERNS.
Capital Of S65 5,OOO,OOO, About
to He Launched.

CHICAGO, Jan. 3.-The Tribune will print
the following story tomorrow: Private
advices have reached Chicago that the war
between the great sugar and coffee trusts
a battle which has been stubbornly fought
for more than three years between Henry
o. Havemeyer, on the one side, and John
Arbuckle, on the other, and which has
cost these trade rivals approximately $25.-
oo0,0oo-is to be brought to close. Nego-
tiations have been closed in New York and
Chicago whereby the Arbuckles will
nominally give up sugar refining and be-
come dictators in the coffe trade; Henry o.
Havemeyer and the sugar trust will prac-
tically give up the coffee roasting plants
with which an effort was made to crush
out John Arbuckle, and handle only the
sugar business. Each will, however, con-
tinue in the business of his rival in a small
way, compared to their holdings of the last
three years.
ITO this end the big coffee roasting estab-
lishment OF w. +. Mclaughlin & Co., of
this city-the one important independent
house in the coffee world is to pass into
the control OF the Arbuckles through the
hands of the Havemeyers. Plans for this
transfer have been most secretly carried
on, but those on the inside declare that
negotiations were fully completed last Mon
day morning. The money for the purchase
Is now in Chicago banks, and the transfer
papers have been drafted.
"The Arbuckles also are to get the
woolson Spice Company. with its mills at
Toledo. This company has been the coffee
branch Of the American Sugar Refining
Company. In exchange the Arbuckie
Brothers Sugar Refinery passes to the
Havemeyers. The National Sugar Refining
Company is held to be now practically con-
trolled by the American Sugar Refining
Company. and therefore with the acauisi-
tion of the Arbuckle plant, the trust viii
have stamped out all competitors. The Ar
buckles. it is asserted. insisted that a
similar post in the coffee market should be
provided them before they would consent
to the ending of hostilities With the big
Mclaughlin plant in the field as an indie
pendent competitor IL was argued that the
coffee trust would not have affairs its own
way.
Herman SleicSen. head OF the Have
meyer coffee interests. reached Chicago last
Sunday. He held long conference with
w. +. Mclaughlin. head OF the independent
company and on Monday morning left for
New York. Three weeks before Mr.. Ne
Laughlin had made a trip to the East and
conferred with both Mr.. ArbuckIe and Mr..
Havemeyer. Yesterday came the word
that the purchase money for the McI.augh-
lin plant has been deposited in Chicago
banks. Mr.. Mclaughlin denied that any
transfer had been made. though he
smilingly declined TO deny that negotia-
tions were under way. Il believe
though he admitted. that the war be-
tween the Arbuciles and the Havemeyer
company Will soon be brought To a close.
have argued with John ArbuckIe and Mr..
Havemeyer again and again that the bat
CONTINUED ON PAGE 2. COL. 40