Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-07-02
SUGAR TRUST
INDICTED IN
NEW YORK
VIOLATION OF SHERMAN
ANTITRUST ACT ALLEGED
Corporation Itself, Half Dozen
Directors and Two Lawyers
Face Trial For Conspiracy in
Restraint of Trade.
ny Morning Jop,nnl specini reased wir,i

tBy Morning journal specini iensed wirii
New York July Through twelve
men o%mIsneiled az a federal grand
| Jury, the United States government to-
| day laid the ground work for another
| gigantic antitrust suit In the indtet-
ment Of tho American sugar refining
company. AS a corporation. ak 81 us
directors. and two prominent lawyers
The defendant company and the iildl
vidlals were charged with conspiracy
in restraint Of trade under a Grimm
al clause Of the sherman antitrust
law, which provides as q penalty, upon
conviction, "a fine Of not more thar
$1,000 or imprisonment for not moro
than one year or both, in the case OF
individuals and "A fine Of not more
than $4,000 IN the case of a corpora
ton.
The individuals Indicted arc: Wash
ington y. Thomas, president Of the
American sugar Refining company
Arthur Donner and Charles II Sehff
and John r. %Pearsons, all Of New
York. John Mayor Of Morristown, n.
j.. George +. Frazier Of Philadelphia
Al are directors Of the company
The others indicted are Gustav -
kissel and Thomas u. Hnrnctt. coun-
sci for Adolph Scgul. whose plant, tho
Pennsylvania Sugar Refining company
wns shut down by the trust and whose
fight in retaliation with the testl-
mony brought out In his quit for $50
900, 900 damages, recently settled out
ne .uAt,pt fupusIN IaTniHIpn tIg hHnlM
for the government prosecution. The
defendants win answer TO the lBdict-
tnent ia the United states district
court Tuesday next The indictment
contains IA counts of alleged con-
splnlcy and restraint TO trade The
closing of the SeRal plant, the details
of the S|1.2b0.000 loan, by which this
was accomplished, and various details
Of the transaction are rccitcd
The defendant company, IL Is assert
I'd. controls 90 per cent OF the sugar
trade in the United states.
The section of the law under which
the indictments were found provides
as penalties "a fine of lot more than
$4,000 or Imprisonment for not more
than one year. or both. IN the case OF
INV illllNlilii I've NnH ~ lliif VI NV NV |
than $4,000 Iva the cases OF a corpora
ton.
A significant phrase Is contained In
the Indictments ns bearing upon the
question raised by counsel for the de-
Pendants hat the statute of limita-
lions would prevent or inyalidatc the
Indictments.
After settling forth the acts by which
the Pennsylvania Sugar Refining COM
WIS shut down In 1903. the in
dictment charges that for six years
prior 10 the finding of this indictment
and continuously since the defend
have been engaged in the re-
of trade.
The indicted men are all prominent
In financial circles.
John y. Pcarsons. counsel for the
American Sugar Refining company,
was formerly president of the Rnr as
ISOLATION OF New York city, has been
president of the GUY Club, a reform
organization. president of Cooper un-
ion and WAS q member of an intorna-
tional conference on marriage ANA IL
yorce. Mr. poarsuns has taken "a pro-
minent part in religious and philau-
throplc affairs
Gustnve KISSED rs senior member OF
tho banking firm of Kisscl, Kinneutt
d CO. a director of four trust com
panies. president of the Peoples Sym
phony Concert society, a director of
the American Geographical society
ana of the New York Institution for
the blind, ia q member Of the cham
her of commerce. ana OF many prom
inont clubs.
Washington n. Thomas has heon
president OF the American Sugar 10
lining company since the death Of
Henry q HaNcmyer about two years
ago.