New-York tribune., 1909-07-02
SUGAR MEN INDICTED
Continued from first page.

ing the officers. we're indicted as having at
meetings subscribed to the various transactions
they frightened the web about Adolpb Seal
who got the s1s25O.OOO loan which led to the re-
moval Of the competition OF the PHILADELPHIA
plant. Thus in the body Of the indictment the
first count is the charge that Thomas. Bonner
Senff and Mayer attended meeting on Febru-
ary 1S. 1907. well within the three years limit
under which suit may be brought by the govern
ment under the Sherman act. at which the fol-
lowing resolutions were adopted:
Resolved. That in accordance with the resolution
passed by the stockholders at their last annual
meeting the secretary, in the name OF and for the
a copy Of the resolution Of the stockhoders in ref
ffence % TO proceedings IN the Segal matter asking
proceeding and agreeing 10 him that the com
CURED in the Segal matter; and that 1t will defend.
protect and indemnify him. and. in the of suit
same or if an appeal shall be taken that ii stay
proceedings. and If and when required make pay
Res9yed That IN accordance with the resolution
meeting the secretary in the name Of and for the
company send to John E Parsons. the counsel
resolutions of the stockholders in reference TO the
Sega matter, asking him to cooperate in defending
him that the company assumes entire responsibility
of what has occurred in the Segal matter, an-
that it will defend. protect and indemnify hlnl
In a letter from Mr.. Parsons acknowledging
the receipt Of a copy Of the resolutions the
threat of suit by George H Earle. it, receiver
for the Pennsylvania company. who brought
action this spring. is alluded to- The letter ad-
dressed to Charles R Hefke the secretary OF
the American company. follows:
For some reason which is not clear to me Mr.
Earle has DELAYED proceedings. The Department Of
Justice ought to refuse. and I hope that IL will re-
fuse to aid Mr Earle's claim. Mr. Joh2son de
scrfbes the claim as "farcicaL" However this may
be. I SHALL both on the companys account sl5 aLI
on my own. cooperate in defending any proceed
ings which may be taken by Mr.. Earle
The Mr. Johnson alluded to was John G John
son. the American company's special counsel at
Philadelphia He appeared here as one OF the
counsel for the defence when the litigation was
settled before the case went TO the jury
THE TERM OF THE CONSPIRACY
The term OF the conspiracy, according 10 the
Indictment, dated from the SegaI loan. on De-
cenber go 1903 for which the note was IS
sued the following month continuously and
at all times during period of six years-to VII
from that day until and on the day Of the nnd'nS
and presentation of this Indictment Inc u7
PENDANTS the Indictment recites, TO the great
injury and detrfment. financial and moral OF
the people Of the United states. did series OF
acts which are thereafter set forth IN state
ment covering the facts of the Segal loan ana
these acts the Indictment terms uIlldll' N7---
full unlawful and corrupt
Following this the story Of the Segal transac-
ton with the agreement made with Mr.. hlssei'
Is told SegaI's negotiations with Kissel for tne
81 10000 loan are recited. and the giving OF the
note for one year from January I. 1904. with
the collateral including the majority OF the
stock Of the Pennsylvania company, or Zo'VoP
shares held by Harmed. who surrendered them
with the power Of attorney. This enabled MY
KisseI to control the board OF directors and pass
the resolutions which closed the plant The
actual lender the Indictment declares-and this
was brought out in the recent suit-was the
American Sugar Refining Company The IN
dictment continues:
Said corporation and individual defendants theu
vgsII knew that Adolph Segal would be dependent
1fDo- me dividends and profits from said PennSyi-
vania Sugar Refining Company LOT moneys WWll'
which TO paw such interest and repay such Dor
roV-sd sums and in the event Of said Pennsylvania
Sugar Refining Company'S failure to carry on us
safI business. trade and commercs and 20 pay
such dividends mis- financial aualrS Would oe put
in a rrIuOus condition. and the hold OF said cor
norstion defendant upon him would he greatly
strengthened
Jyber the power Of control over and manage
n,ert Of said PENNSYLVANIA Sugar Refining Company
Should so be acquired by said corpora lion defand-
anr for the OF one year in the manner a, ore
s4iI said corporation and individual defendants
we've To use every means in their power 70 extend
eafd term nd said power Of control particularly
hv keeping said AdOlpu Segal involved IN DEBT and
tie arTsirs I'm such condition 20 prevent his re-
Ijevf1F himself from his obligations 10 said cor