Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-06-29
ACTIVITIES In THE BUSINESS WORLD

who had heavy dealings with insur
ance companies. but insurance agents
who had been thrown out of employ
mcnt by the placing OF large amounts
Of business in the hands of one man
protested. The rates are excessive
The combine has shut oil competition
That Is clearly against the statutes
and shall stop 1t If such thing Is
possible"
The Attorney General says that the
halt the insurance business in the
State outside OF Chicago. is not the
special object oil his attack.
Prominent insurance men OF this
city say that they are not alarmed by
the action OF Attorney General Ham
lin. They maintain that the rates are
not excessive, but that, on the other
hand, they are generally too low ia
afford fair profit. They declare that
II there Is n combine II does not Oper
ate in Chicago, and that there is no
organization in the city that affects
competition. They further express
their security by saying trat even II
such combination exists II is not
amenable to the laws OF the State.
Charles NJ. Cartwright, editor OF the
Western Underwater, an insurance
newspaper says: 1T has long been
understood by insurance men that the
Illinois laws against combinations do
not apply to insurance business. The
Supreme Court Of the United States
has decided that insurance Is not n
commodity and that the insurance
business is not commerce: so that An.
thrust laws which fail to provide spc
} officially for the insurance business 1t
is felt, cannot affect the business
There Is n specific provision in the
? laws OF many States, but none in tho
statutes OF Illinois"
The bill filed by Attorney General
Hamlin at Belleville makes 10 com.
panies defendants.
u,. The New York CONNER.
Cial of June g says: II
!" was admitted in sugar
) Beet Sugar. trade circles today that
Henry o. Havemcyer and his asso.
ciatcs had purchased interests in a
: large number of beet sugar factories
throughout the country. In one quar-.
ter II was said that American Sugar
interests had Invested something be-
/ tween $1,000, 900 and 1900, 900 In va,
| rlous beet sugar factories, but that
! none Of the companies had been bought
, outright. a sugar producer named
! three companies in Michigan, third
interest in each of which had been &C
. quired by Mr.. Havemeyer and his pow
I erfu friends.
. According to r. Fulton Cutting
0 American Sugar Refining interests
. have not secured control of the Amer
n lean Beet Sugar Co., which Is said tC
n produce as much sugar as all the 9th
er beet sugar factories combined.
!. so far as the American Beet Sugar
q Co. Is concerned" he said, "negotia
6 tions have not been entered into by
u the combine for its control. II Is no
/. for sale. My holdings would first hay,
O to he acquired before control of thu
O company could be secured by outside
@ interests. have heard that American
i Sugar Refining interests have beer
d purchasing stock in outside concerns
!; engaged in the manufacture of beet sll
gar, but | am not In position L
q speak on the subject, whether Mr.
/. Haycmcyer and his friends are goinl
O into the beet sugar business on an @.
q tensive scale Is question that | can
4 not answer"
: The stock purchases of American
;. Sugar Refining interests have beeI
O confined principally to the State o
I Michigan, but the combine has also &C
l. Qured considerable in Colorado an
/ in other sections of the West.
4 In Michigan the Peninsular. Alma
: Bay City and Samlac plants are place,
under the head of sugar combine &C
qusitiOns; the West Bay City, Kala
|, mazoo and German.Amcrican plant
|, as doubtful, and the Michigan, Scbo
4 WANG, Valley, Holland, Macombe, Ma
}. rinc Detroit, Saginaw and Lansing
a plants independent
= Regarding the entrance OF the Amer
| lean Sugar Refining Co. into the bee
q sugar field "A representative OF an indie
l. pendent beet sugar company said
/. "IJ Is strange that the Sugar con
s bne should go into the beet sugar bus