Arizona republican., 1911-06-30
HE'S HOT YET
|. At ROOSEVELT
Mr.. Earle Before Sugar
Trust Investigation
HIS CHANGED OPINION
Does Not Now Regard the
Colonel as Greatest Man
in the Universe An
other Witness Tells of
Pennsylvania Company.

Washington. d. c.. June 29-GeOrge
H. Earle. Jr.. of Philadelphia. renewed
his attack on former President ROOse-
welt before the house sugar trust inves-
tigating committee. He was especially
denunciatory of Mr.. Roosevelts al
legged failure TO institute criminal pros
ecutiOn OF the American Sugar Refin-
ing company officials after the Penn
sylvania Sugar Refinery deal was eX-
posed in 1906. Mr.. Earle spoke with
such emphasis that he offered to apollo
gize if the committee thought ROOse-
velt's inaction was not reprehensible.
Mr.. Earle said he had offered to debate
the issue with Roosevelt in New York
last fall but the latter declined the op-
pOrtunity TO "overwhelm" him. He
said he approached Mr.. Roosevelt with
the feeling that he was "the greatest
man in the universe" Now, however,
he wanted. he said. to submit his case
to the people Of Kansas, who still
thing OF the former executive as he
once did" This aroused Representative
Madison Of Kansas who said he still
believed in the integrity Of Roosevelt.
Mr.. Segal of the former Pennsylvania
company told the committee that he
needed money at the time. 1903. and
sixty days before the deal whereby he
turned over the stock of the Pennsyl-
vanit to Gustave Kissell. he had bOr-
rowed $780, 900 from Kissell in New
York Five or six days before this
money was due" said Mr. Segal,
Kissel's secretary asked me by tele-
phone from New York when I was
coming there. He told me the money
was about due. ! went to New York
and met Kissell told him that I came
to pay him and told him of my trouble
in getting money for the sugar refin-
cry
"Kissell asked me how much needed
and l said about s25O.OOO or $500. 600.
Couldn't you use more?' he asked me.
A million and quarter was then sug-
gested as a loan and he asked me who
had control of the sugar refinery.
just happened to have in IN envelope
in my pocket the controlling stock in
the company. / told him had it right
with me. He asked me how long L
wanted the money. When l said six
months he said 1 could not have the
money for so short a time but that he
would loan it for two years. We fl
nally agreed on one year.
The next morning he told me that
the refinery being a new one. the Amer
lean Sugar Refining company might
fight me if / started il and reduce the
value of the stock and he made me sign
n contract not 10 run 4 factory during
the life of the Oan, before he woud
agree to give me the money. l agreed
to that. Then my lawyer. Thos B.
Harmed, went with Kisse to his office
to sign the papers. l was told 10 await
their return. In fifteen minutes they
came back and my attorney said to
me: I want you TO know that KisselI
took me to the office of John E. Par
sons and that he is the attorney for
the American Sugar Refining company
'Kissell explained that Parsons was
interested in dozen different concerns
and assured me that the collateral I
turned over would remain in his pri-
vate safe until took it out; that no.
body else would get hold Of it. / said
that was all right and We made the
contract that was executed whereby 1
got S1,25O 600"
Kissell Immediately reorganized the
board and adopted resolutions to keep
the refinery closed. the witness said
Several times the witness said he tried
to get permission to operate the refin-
cry but Kissell refused. Kissell, he said,
received 100000 commission for the
loan and six per cent commission. To
pay the interest he borrowed money
from Frank X. Hipple of the Real Es-
on Pennsylvania Refinery bonds.
Nipples suicide in 1906 revealed the
entire deal and the litigation began
which resulted in a forced settlement.
the American Sugar Refining company
turning back all the securities and pay
ing s750.0CO in cash TO the original
refining company. The witness said he
was ruined by Kissell, exactinS on that
and other transactions s920,0O0 in all.