The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-01-15
ENERGETIC DEFENSE
OF TRUSTS BY Mr..
HAVEMEYER
Head of the Sugar Monopoly
Cites Reasons for Claiming
That These Institutions
Are About the Loveliest
Things Ever.
Special to The Globe.

Special to The Globe.
NEW YORK, Jan. 14-eTrusts are a
public benefit. They mean low prices.
Low prices lead to increased consump-
ton and necessarily increased output
and increased work for the working
man.
This was theztenor Of President Hav-
emeyer's address to the American Sug-
ar Refining company, whose annual
meeting was held in Jersey City today.
President Havemeyer, in his annual
address, referred to so called anti
trust legislation. and commended the
message of Gov. Murphy to the New
Jersey legislature, in which the gov
ernor said that the nation was In mo
danger from corporations, however
powerfully organized. under and amen
able to its own laws" Mr.. Havemeyer
continued:
1T is only by keeping the price down
that competition can be met, and our
legislators should inform themselves
of the situation and learn that in our
industry there is no such thing as pre-
venting competition and the building
of new refineries. 1t is impossible 10
understand what reasonable motive
there can be for much anti trust leg
islation. 1t is a curious commentary
upon much of the proposed legislation
that while its avowed object is to re-
lieve, its effect is to put restraint upon
the trade, that being directly the re-
0f -
mercial rival, England.
1T is not my purpose to criticise or
comment upon the various plans which
are under consideration to hurt cor
porate business. What l say is intend
ed for our own stockholders. 1t is due
to them that the business of this COM
pany shall be carried on SO far as it
fairly and reasonably can be in their
interest, and this course the directors
purpose to pursue, conforming always,
of course, to whatever shall become the
law of the land.'
Bill Next Week.
WASHINGTON,( D. c., Jan. IA
Representatives Littlefeld, of Maine
Overstreet, of Indiana, and Powers, of
Massachusetts, members of the sub
committee of the house judiciary COM
mittee held a conference with the
president today, at which there was a
free expression of views on the sub
ject of the antitrust bill. 1t is said
the administration and the committee
of members are in harmony SO far as
policy is concerned, and that the only
points of difference relate to matters
of detail.
Members of the committee feel con-
f1dent, since the talk with the presi-
dent, that the bill 1t had prepared sew
eral days ago, and which will be re-
ported to the full committee Friday,
will meet the approval of the admin
istration and be generally acceptable.
The committee will meet tomorrow
afternoon when such changes in the
bill as may have been suggested as
result of the conference will be made.
1t is understood that an effort will be
made to secure the immediate adoption
of the bill by the full judiciary COM
mittee Friday in order that it may be
considered by the house early next
week.
subcommittee will adhere to that
provision of its bill which provides
for the promotion of publicity through
the interstate commerce commission
rather than to create a new commits
sion for that purpose. One member
of the subcommittee said today:
The purpose of the bill is to catch
the guilty; if there are any, and no
harm can come to the legitimate. The
bill furnishes the necessary machinery
for obtaining all essential informa-
ton