New-York tribune., 1909-07-02

poration defendant and By wrougfuIv aad sr,s
lions from him. et5eT Bes6re oT at ii 3.p sen 99ss
or 20 surrenGer to him such power OF control over
and management Of said Pennsylvania Sugar Re-
hning Company
WISHED To RUIN COMPANY. IT SAYS
The indictment charges the defendants with
using their power Of control 70 prevent IN.
Pennsylvania company from engaging IN bust
ness thereby to bring about the ruin Of the said
Pennsylvania Sugar Refining Company through
inaction and the destruction OF its property and
facilities through decay and eliminate and en-
trely prevent the competition with said COR
pOration defendant, which would but for The
acts Of said corporation and individual defend
ants in the premises. come into existenes
through the operation Of said the Pennsylvania
Sugar Refining Company"
Ire story Of the agreement OF SegaI to pro-
duce policy OF title insurance insuring the title
to the property OF the Majestic Apartment House
Company. the bonds Of which figured as coIIat-
eral for the lOan is recited SesaI got this
policy from Frank E Nipple. president Of the
Real Estate Trust Company. OF PhiladelphiaL
who later. because OF complications in the COM
pany. committed suicide.
The foregoing are recided as overt acts. and
each step in the binding Of Segal is mentioned
as an overt act in the effort TO make the PENN
sylvania plant useless as a competitor and SezsI
harmless. As evidence Of recent activity OF thu
American company in the Pennsylvania COM
pany's affairs. letter from Mr. Parsons to Mr.
Heike regarding an advertisement Of the pro-
tective committee Of Pennsylvania company
bondholders. is quoted The letter Is dated
April 10, 1909 and says:
! will send the advertisement about the PennsyI-
vania Sugar Refining Company bonds to Mr. John
. Son he s,5 has rs I9s matters in charge With the
represent so considerable holding as to maks Il
nrobshIy hostile O'i:s 20 'n9 actloT or
required I will let you know
SPECIFIC ACTS MENTIONED
Donner. KisseI and Harmed are mentioned IN
connection with specific actions in the loan
transaction. and the six directors are brought
in in the same way. their acts consisting OF at
tendance at meetings when measures IN relation
10 the loan were taken. These are all included
in the general story Of the Gripping Of the Penn
sylvania company. In detail. the thirteen counts
after the first are simply clinchers Of the story
Of the loan transaction
When the Indictment vas handed in a wire
less message for Dir Wise was prepared and
sent soon afterward. announcing the action
The men indicted are not the whole board =,
directors Of the American company. Those roe
indicted are Horace Havemeyer Henry z Mes.
and Henry c. Mott
Mr. Thomas has been president OF the com
pany since the death OF H O. Haven7evsr IN
December. 1907. He was said to have had
charge. before that time, Of the corpany's sugar
interests in Boston. Mr.. Donner has been treas
urer Of the company since its organization and
Mr. Parsons while actively engaged IN the rrac-
tlce Of law. has been director and chief counsel
Of the company for many years
Mr. Frazier is the son Of the late " " F-a-
zier. OF the sugar house Of Harrison q Frazier.
Of Philadelphia. American company subsid-
fary, and succeeded his father as the representa-
tive Of the subsidiary on the board. He is also
connected with Brown Brothers & Co. bankers
Of Philadelphia. Mr.. Mayer and Mr. Senr have
been directors Of the American Company for
years According to the last report OF the Amer
ican Sugar Refining Company. it had surplus
Of about S25.0o000 controlled ffty-fve cane
sugar plants and twenty beet sugar factories in
ALL it is said. about 90 per cent of the refining
business in this country.
The Indictment found yesterday is a contin-
uation Of the company's court difficulties. which
began with prosecutions for rebating. It paid
about S165.0O0 in fines to settle the suits. The
suits for short weight frauds the company set
tied for more than S2,o0OO00- The policy OF
aiding the government in all its proceedings was
announced by its president. Mr.. Thomas last
spring and when the government in It's recent
investigations which led 10 the finding OF the
Indictment wanted the records in the Pennsyl-
. 1-anfa company transactions. they we're promptly
forthcoming from the American companys Of
1ces ar No III Wall street