Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1909-07-01

membered all the time controlled
this 1000 barrel refinery - have
funds for his side-line hotel. He
urged Segal to make the hotel as fine
as money could make II. Segal, be-
! ing a dreamer as well as a Napoleon
and not in the habit of refusing
leans, accepted all these huge sums,
pushed ON the building of his hotel,
and just as the sugar refinery was
! about ready to start its machinery,
the final papers occurring the swollen
loan on the hotel were ready for sig
nature
oddly enough. Mr.. Kisscl asked
for a huge block of sugar refinery
stocks and bonds as additional Sc
curity on the hotel loan.
CONTINUOUSLY enough. he asked. too.
for the right to name a majority Of
the Sugar Refinery board of direct
crs.
Weakly enough. Mr.. Segal-who.
after all, was in pretty deeply and
couldn't well refuse Kissel anything
by this time. consented, and the re-
finery control passed to Mr. Kissel
under the loan he had so kindly urg-
ed on Scgal.
| "Queerly enough, when II Is con-
sidered that Kissel was not a sugar
man. Mr.. Parsons of the the Sugar
{ Trust drew the papers securing Kis-
: grip on the refinery: and sinis-
itariy enough. Segal didn't know of
Prisons in the background. though
Parsons afterward admitted acting
Tor Mr.. Havemeyer of the Trust.
THE moral to this phase OF the
story Is: Be careful of whom you
borrow money when the COLLINS are
after you.
THE plot now thickens. The Kis-
l-Parsons-H avemeyer directors of
the refinery voted not to operate the
plant. The Real Estate Trust Com
pany turned out to have been em-
barrassed by its advances to Segal
on the refinery. Mr.. Nipple. its
managing officer, having done irreg-
ular things. among others letting
Segal and Kissel have refinery bonds
which he had no right to part with,
gave Kissel check for 100000 in
addition, blew out his brains, and
! the trust company closed its doors.
1T was sad, sad, tragic business.
And all the time the rennery sluud
still. Segal offered back all the
money he owed on the loan and
something like 100000 besides. II
they would let loose and allow him
to operate It, but no. The directors
| preferred Tor some reason not to refine
1000 tons of sugar per day. Mr..
Parsons of the Sugar Trust, be It re-
membeEed, had drawn the papers I'M
beknown to the man who signed
them.
THE facts are as stated by Geo. H.,
Earle. Jr., receiver of poor Nipples
trust company. He told them to At
torney General Moody, who thought
that even II true they did not show
the Sugar Trust guilty of violation
of the Sherman. antitrust law. He
told them to Attorney General Bona
Iparte, who agreed with Moody. He
put them into complaint, and the
United States Court said they did
amount to such violation of law, II
true. Whether or not they are true
is the matter on trial In New York.
The refinery is still idle"
Then La Follette's" proceeds to
state that the Sugar Trust still con-
tinues to monopolize the sugar bust
ness. Here 1t goes astray from the
truth so far that the force OF its
previous arguments is very much in
jured, II not utterly lost.
There is probably no "Trust" IN
the whole list at the present time
that Is less of monopoly than the
Sugar Trust. What the exact num-
Der of independent refinerles may be
at this time this paper is not able to
state. but he is misiudging the sit
uatiOn or not in touch with the facts
who believes that there Is any love
, lost between the Federal refinery
people, the Arbuckles and the Trust
, or even our own little Hawaiian re-
tlnery at Crockett.
The Trust may have wrecked the
= Pennsylvania movement TO start an
independent refinery, but it is moi
today n monopoly by any means
/ What the Trust did to seeal reads
q something like the unwritten story
: of what the Trust attempted to dc
to Claus Spreckels when he went