The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1908-02-25
SUGAR TRUST DENIES
$4,000, 900 CLAIM


...... .
Mh" i'''' '.'.'
TRENTON IUH. Transactions
NN which Che American sugar bolu.ns
Company loaned $I-.0U0H .a hdoNl
-.eaI owner ul thg majority stock 'l
Che Pennsylvania sugar behn.Hs come
panN. were Drought .' .-'' .'.'.
fore Vice Chancellor Ma.h.. 'N ",..
mH of evidence in IAo s''' ..'.'.a ''
George d. Earle. receiver ol me i'A"-
s.INauia Company .' A.. from l''
American Company nroh.s o. HI'.''.-
900 alleged to NN. been made '| Ih,
Amers-n Company when 'ao .a.lD.
organization sn. hold %. -"."'' 7haI's
of the 10000 stock %. lA' f'"'7y ''"-
mia Company ANA 's alleged To- nave
closed up the company lA oI4e' 'o cur
tail oh. ".'NH. 'I sugar.
John .. Parsons. Cd. New York. couu-
80. Jon .Hu American Company went
.u OBJ. stand. and boz response To- t0un-
..or LInaanWE. OF gouh7e. Tor lHs
. American company 7'la inc Joan ol
. aI-'NvO0 ON "hlDh lAe ooA1oI ol 90
0'0 stock o- lhe fehnsl wanna CON pau.
la claimed as Earle was Il"ue l' nus
.aNus Nisae'r oil Pmlaa,.phI", as
agent or broker FOR Ado-pn Ssa"I, 'Ae
man who brought the fe"AsS ''al'I"
/ company INTO existence.
SegaI, he said, first called ON Sep
| tom her 1901 SAVING IHaI AII. have
meyer had promised q loan Oh Sl'-55o'-
! 600 ON the sugar plant. Inc next uay
Segal and klssel called ana proposed
. that the loan should be secured by 81
/ 100000 of the Majestic Apartment
. House stock, S5,OOOOuO OF the DOnd5
Of the Pennsylvania Sugar Refining
Company and 10000 shares OF the
pennsylvania sugar helhlhs OolI
pany. Mr.. Harmed, their counsel call
ed with them the next day ana ihe
I two said there was Young trust Oh
the stock OF the sugar company ana
there was an agreement JAaI the rem
/ cry would not run during the Ire vi
the Hayemeyer loan
The particulars of the voting trust
agreement Mr.. Segal would not allow
being put in black and white and
counsel would not agree to anything
unless it was put in writing. Segal
said stock in the Pennsylvania Com
panv would be given for the bonds
securing the Havemeyer loan and ne
| gotiations were resumed.
Mr. Tjndaburv read an agreement il
which Mr. Kisseu declared he held 2G,
600 of the 10000 shares of the Penn
- lBvIyania Company subject to the vot
= ing trust committee yet to be appoint
ed, and Kissell agreed not to be boun
by the expressed agreement becaus
Mr.. Segal had certified to him that h
would not keep his part Of the agree
| ment.
II Mr. Parsons denied that Mr. Kis
| sell was a stool pigeon" for the Am
| erican company. and his narration O
| interviews was to substantiate thu
! contention. He said that Segal lol
III him, when the loan was pending, una
| he CSegaD controlled the board OF al
rectors Of the Pennsylvania Compan
and the ollcers' ana IHe' "o"lu u
just what they were IoIu' MI a. 9 oI,l
testified thaJ ne informed NlSSe,' 'm 10
this would not do' InaI ne "o"lu ~
sanction loan Oh d 'l'i''lo" CIV nv,
quarter dollars OF lne AIlloll','L In. I'm
panys money 10 d COMPANY Jan, ,, L o,,
by SegaI. lie lhSlS'ou 'l"C '"1 'o''
OIL u'''l'o' > -, 9-,o"'' .oiJ tl,il v,o,I5 Il
pa"S' anu i>''91,' 80 5,n, I,afo,
uo"G' IT. "a7 ca,
0ne 'o'H "'7 ''''' ..., ala.
Mr.. PARSONS lu' l''e' ',S.'''1y'' NV. ..,
the line Oh lne usieIS,' ,.'|t ' -, Co'
pany was "lOnouI Iunu2 III 10 -, to-,
ana was not Gonlp'1'e W W. De',,, ~,
lnaO 2esa ga, ' cau IN, ',''' .,,,4 tho :or