The Hartford republican. (Hartford, Ky.) 18??-1926, 1904-08-05

Patrich II. McCsrren' Let the record
tell the story:
Cord Meyer was one of the orig inal
stockholders In the first organization
OF the Sugar Trusts in 1897. Sixteen
fining companies entered the COM
bitation. with total value OF SO 500,
600. The second company to enter
was the Dick K Meyer Company, in
which Cord Meyer was interested.
This company was put In at 5000
600, and to It was issued total Of
several millions In trust certificates.
| That was the usual trust method Of
procedure. a. shown in the Ship
building Trust exposure. Have
meyer testifying before trust inves
tigation, which was conducted by a
i)int committee of the two houses of
the New York Legislature in 1907,
said with his usual frank ness, that
tiC sugar iIuSt NdS iOi hhSh W ~"
troll the price and the production OF
sugar Ia the United States. Evidence
ua' presented at the same investiga
ton that the Trust controlled the SUI
gar business. even down TO the re-
taller, by system of factors agree
ments and that groceIs who wouId
not sign these factors agreements to
sell sugar AZ the price dictated By the
Trust had their supply shut OF. Ii
was shown that even with the tTe-
mendous capitalization the Trust
paid dividends of IL per cent. 1t was
also shown that seven or eight large
cefiueries were shut down, and that
between { 600 and g 900 men were
thrown out of employment perman-
entity.
In their report the investig ating
comm ittee, which had gone into the
Tobacco, Rubber and wall paper
trusts, as we'll as the sugar trust, de.
claTed that every such combination
was accompanied by enormous CAPT
talization, and was generally follow
ed by successful effort to distribute
IT'S stock to the public through the
channels of speculation. Every such
com bination was followed by the
closing and dismsntling of factories,
the discharge OF labor and the con-
centration OF the business OF many
separate organizations into few OF
the many factories controlled by tn.
combination"
To this report all the members OF
the committee, save one affixed his
signature. The dissenting member
was Patrick n. McCarren, who made
minority report defending the
trusts. AID especially the sugar
trust, as the bene6cient institu-
lions
Wss 1t by mere accident that these
two trust beut ticarits and defenders
were put In charge OF the Democratic
campaign In New York? Meyer, in
addition to having been a stockhold-
er In the Sugar trust, is director in
a halt dozen or more other trusts
He Is a millionaire and is personally
acquainted with the magn ates OF
Wall street. NJ sooner wa the New
York delegation secured tor Parker
than Meyer began to "Ia' the hat"
In Wall street tor funds to promote
the Parker candidacy, saying that
Belmont ha borne all the expense to
cate. and that others should help In
order to get Parker nominated. His
junction Is to collect the u,oney from
the truss, while McCsIren is to
spend 1t where 1t will do the most
good" McCarren was known for
years as the worst man" In the New
York Legislature. and money placed
In hts hands wi be used on other
than Sunday school principles.
One other point remains to be taken
from the record. At the Democratic
State convention. which chose the
Parker deleR alton, four Presidentia
electors.at large f,r the State wei
selected. One of these was J,nes T
Woodws President of the Hanover
National Bank of New Yo'k, another
was Henry Payne Whitney. son of
the late William c Whitney, and
third was a1or Str,u>. Thes.
withdrew several we. ks later under a
loud outcry from the Democratic
press, led by the New York World.
bet a use one as President of a Nation.
a Bank and the others as directors In