The Mena weekly star. (Mena, Ark.) 1904-1977, 1910-12-01
AFTER SUGAR TRUST
GOVERNMENT SEEKS DlssoLu
TioN OF A 90 MILLION
DOLLAR COMPANY.
IS CHARGED WITH CONSPIRACY
Company Said to Be Disobeying the
Sherman Law-Ciaim Made That
Havemeyer Received Gift of Ten
Million Dollars.

New York, Nov. 29.-One of the big.
gest jobs of trust busting ever under.
taken by the federal government was
inaugurated in a suit against the
American Sugar Refining Company
This 80 million dollar company
known as the sugar trust, is attacked
on the ground that it is a lawless
combination.
The petition was filed by Henry A.
Wise, district attorney, in the United
States circuit court for the southern
district of New York. The suit, which
is brought under the Sherman anti,
trust law, is expected to be one OF
the most important actions of the
kind ever undertaken in this country.
The governments petition Is a lengthy
one, and is sweeping arraignment OF
the defendant companies.
A Little Gift of 10 Millions.
One of the allegations is that the
late H. o. Havemeyer of New York,
for long time head of the sugar com
bine, received 10 million dollars com.
mon stock of he National Sugar Re.
fning Company o. New Jersey as a
gift at the time the corporation was
formed to take into the combine four
independent concerns-the National
Sugar Refining Company, run by Is.
II. Howells Son & Company; the New
York Sugar Refining Company OF
Long Island City. New York, operated
by Claus Bomber; the Mollenhauer
Sugar Refining Company of Brooklyn
and the w. j. McCahan Sugar Rein.
ing Company of Philadelphia
These companies UP to 1900, we're
Independent and, 1t is said, the Ameri.
can company was determined to ac.
quire them. Under plan inaugur-
ated by Mr.. Havemeyer, John e. Par.
sons and James II. Post. the. National
company was formed and took over
the four plants. Mr.. Post obtaining op-
was delivered, the petition sets forth,
Post delivered one hundred thousand
shares of common stock, the entire
issue. with par value of 10 million
dollars, to Mr.. Havemeyer.
The Stock Not Paid For.
The petition says these shares were
issued in the first instance contrary
to law, in violation of the corpora
tion's franchise, and for no considera-
ton as both said Post and Havemeyer
then well knew"
The government also alleges thar
when the American company took
over four Philadelphia companies
the Franklin Sugar Refining Company.
the Spreckels, Sugar Refining Com.
pany, the Delaware Sugar House and
the f. C. Knight Company-Mr. Have
meyer and his brother. Theodore
sul 10 luso led et luSnoq 'IsGsmsAsH
stock OF the Sprecksls company and
then sold 1t at large profit TO the
American company, of which both
were directors.
In general the petition charges that
the defendants for some time past
have been, and are now engaged In
an unlawful combination and conspir-
acy to restrain the trade and com
merce among and between the sew
eral states and territories Of the
United States and with foreign na-
tions, in raw sugar, sugar beets, re-
fined sugar, molasses, syrups and
other by-products of raw sugar and
sugar beets. and to monopolize the
same. Such unlawful combination and
conspiracy is the result and out
growth of series of wrongful acts
extending over a period of many years
and participated in by defendants, re-
spectively, in the manner and to the
extent fully set forth in petition.