Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-06-23
AvERSE TO MERGER
Havemeyer Objected to Utah.
Idaho Sugar Combination.
TESTIMONY OF 7. R. CUTLER
Developments Made Today Through
Inquiry by House Committee.
HOLDINGS BY MORMON CHURCH
Relations of Joseph F. Smith With
the Refining Company Elk
planned by Himself.
TESTIMONY OF T.R. CUTLER
HOLDINGS BY MORMON CHURCH

| Henry Q. Havemeyer during all his con-
nection with the Utah-Idaho Sugar Com
| pany. of which Joseph r. Smith head of
| the Mormon Church, is president, never
named or suggested a director or officer
of that corporation. declared Vice Presi
| dent Thomas r. Cutler OF that company
before the House sugar trust committee
of inquiry today.
Mr. Cutler testified that Mr.. Havemey-
er. who had acquired interests in several
of the original Mormon companies, at
! first objected to the consolidation into
the Utah-Idaho Company.
Mr.. Havemeyer was very much op-
posed to the proposed merger al first.
said Mr.. Cutler. He said he preferred
to have his stock In the various COM
panies remain as it was. 1t did make
considerable difference with the western
stockholders and our people, and it took
great deal of argument. stretching over
several months, to convince Mr. Have
never that the consolidation effected in
1907 was beneficial"
Provision for Directorate.
When the matter was determined upon.
Mr. Cutler said, some of the stockholders
feared that Mr. Havemyer and the
American Sugar Refining Company
sought to get control For this reason
an agreement was drawn up which Mr..
Havemeyer was asked to sign providing
that the original stockholders should
name three directors, the eastern inter
ests three directors, and these six to
name a seventh director
Mr.. Havemeyer agreed to this, said
Mr. Cutler, land he wrote letter to
Joseph F. Smith, president of the Nor
mon Church, in regard to 1t. l think that
is the only letter President Smith ever
received from Mr.. Havemeyer
Il was in New York then. and Mr..
Havemeyed told me about the letter
and said he agreed to the proposal.
like to name. He said to me: Who
OF your men out there wuold you sug
| gest?" ] AIMED several, and he ac
cepted them, so that l really named
No one of the American Sugar Rein
ing Company is on the board except
as | represent them.
Mormon President at Head.
Il asked Mr. Havemeyer next about
the seventh man or who should be
present / told him that, II agreeable
| to him. we would very much desire
that the president of the Mormon
Church be president Of the company,
| because Of his influence with the peo-
pie and his deep interest in the bust
ness enterprises OF the people.
''All right. Mr.. Cutler Mr.. Have,
meyer at once replied. THAT is all
right. just the thing President Smith
| was named president of the company,
and Mr. Havemeyer never afterward
| suggested an officer or director"
Mr.. Cutler said that only about 80
per cent of the stock of the company
is held by Mormons and some of the
directors are not Mormons
Mormon Church and the Trust.
At the session of the committee yes
terday afternoon the relations existing
between the sugar trust and the Nor
mon Chuch were for the first time made
subject of inquiry. 1t was disclosed
that the late Henry 0. Havemeyers first
dealings in the beet sugar business We're
with the Utah Sugar Company, in which
the Mormon Church was interested.
Thomas r. Cutler Of Salt Lake, vice
president and general manager of the
E1ah-Idaho Sugar Refining Company
and former bishop of the Mormon Church,
told the committee that, of the approx
imately sa.saU.Ooo paid-up stock of the
Gtahldaho company. the American
Sugar Refining Company controls $3.50.
go or $1,000 shares; Joseph r. smith,
president of the Mormon Church. as
trustee for the church. 49.sl5 shares; the
estate Of Henry O. Havemeyer. 3114
shares, and the balance is owned by
1,4a3 individual stockholders. President
Smith. who has been summoned before
the committee as witness, sent WORD
Yesterday that he was on his way to
Washington and would arrive Monday.
Earlv History Outlined