The Sentinel=record., 1911-06-22
HEARING OF
 SUGAR TRUST
PRESIDENT OF MICHIGAN CON- cERN GIVES SOME INTER-
 EsTING TESTIMONY
Says Havemeyer Sometimes Made inquiries as to the Fluctuation of Prices of Beet
 Sugar.

Washington, June 21.-That tho American Sugar Refining Company owns 37 per cent of the comon stock and 55 per cent Of the preferred stock of the Michigan Sugar Refining Com pany, beet sugar corporation, con trolling six refineries in Michigan was declared today by c. B. Warren president and general consul of the beet sugar concern, in testimony be- fore the house sugar trust" com mittee of inquiry.
 The Michigan company was organ izen in 1906, according to MT. War Ten. six independent companies hay ing been amalgamated with capitali- zation of about s9,00o, ,000 issued and an authorized capital of $12,000,0e0. Henry o. Hayemeyer was inter- ested in acquiring large blocks of shares of stock in the independent companies before the formation of the company, he said. but the controlling interest always has remained with the Michigan investors, who still hold sixty-three per cent of the stock. Did you represent the American Refining Company or MT. Havemeyer in seeking to bring about a consoli- dation of the beet sugar companies of Michigan?' asked Chairman Hard wick.
 All of these companies sought to have outside capital brought to Mich igan for their benefIt.p said Mir. Warren.
 They approached Mir. Havemeyer or his representatives in every in- stance except enc and those inter- ests paid par for all the stock pur- chased. /"
 Did you advise Mir. Hayemeyer in the negotiations?'
 Yes. advised him as to the con- dition of the companies and matters of that kind"
 "Did you ever advise him as to whether or no. the efforts of the American Sugar Refining Company in that matter might be involved as violations of the Sherman antitrust law2n
 No"
 The admission by officers of the Michigan company that the sugar trust" controlled g per cent of their stock, it was pointed out today by members of the committee, is in contradiction to statments made by representatives of that company be- fore the ways and means committed of the house two years ago. 1t was then maintained that the American Sugar Refining Company had nc interest in the Michigan Beet Sugal Corporation.
 Other officials of the Michigan company are to follow MT. WarreI on the stand.
 MT. Warran also testified that AT thur Donner and Char.es iR. Seike formerly of the American Sugar Re lining Company. accumulated as pa ss,noo shares of stock in the Michlga Beet Sugar Company which was merg ed into the Michigan Sugar Refinin Company.
 Do you receive any suggestion from the American Sugar Refinin Company. as to what your bushes policy should be?' chairman Hard wick inquired.
 We have never received any sue gestion whatever from the America Sugar Refining Company since Nil Thomas has been in charge repls Mir. Warren.
 Did you receive suggestions b' iore tnaty"
 When MT. Havemeyer was pres uent of the American he occassio ally wrote letters to express wheth ne thought the price of sugar W going up or down."
 President Warren submitted figur 70 show the increase in the busine T The Michigan companies since [ '0fmation of the corporation. In ls me first year of the new compaI 'ae six plants used 305 .02o tons
 see's and manufactured 72,295,l
 pounds of sugar. In 1910 they us
 'ihzsl tons of beets and manuia