Arizona republican., 1911-06-20
One Man Who Indignantly
Defended The Dead
HEAD OF A SUBSIDIARY
President Post of the Ma
tional Told Investigating
Committee That Sugar
TRUSTS Profits Came
With Practice of Economy

Washington. D. c. June 19-This was
a field Day in the house inquiry into
American Sugar Refining company and
other refineries. the committee deVoting
many hours to the interrogating of
witnesses as TO the formation and Op-
Grafton Of the pig combination. A
number OF new facts were brought out
bearing on the sudden creation Of
wealth by the combinations OF manu-
featuring concerns and more was
learned OF the frauds practiced on the
government in sugar weighing at the
port of New York.
The special sugar trust investiSat-
ing committee had before it James H
Post. president of the National Sugar
Refining company Of New Jersey,
whose testimony closed with a spirited
defense Of the corporation activities of
the late H. O. Havemeyer. organizer of
the American company.
The house committee on expenditures
Of the treasury department questioned
Oliver Splitter, former dock superin-
tendent of the corporation. with view
81 ulSGONtI4uE lllE lNtl4tAAN VI NAAN AiINll
higher up" in the perpetuatiOn Of the
frauds.
Post was subjected to a long and
grueIling examination as to bis and
Havemeyer's connection with the for
nation of the National company. Re
preventative Madison of the committee
explained that whenever the committee
had gotten down TO something" the
witnesses frequently threw it off onto
Havemeyer"
His memory has been traduced by
men who would not have done so had
he been alive" said Post, his eyes
flaming.
Madison referred to the testimony
given by Vice President Atkins of the
American Sugar Refining company, and
Lowell NJ Palmer, former director of
that COMPANY
He said that Palmer had testified
that Havemeyer organized the Beet
Sugar refineries and that while Palmer
was on the directorate he did not have
anything to do with it,
What idea have you Of as strong
and able a man as Palmer is, who will
say that" exclaimed Post, greatly ex-
cited, 'he is coward"
AS president of a twenty million dol
lar sugar company, for eleven years
without ever having received 4 penny
salary. was the light in which Post ap-
peared at the beginning of the after
noon session.
Representative Raker of California
expressed surprise at the luck of the
National Refining company in having
raracfdenf tr-ffh
tiOns led the witness to repeat that n.
o. Havemeyer. about 1902, gave him
100000 of common stock in the Ma
tional because 1 never received any
salary as president
Post also said that b. H Howell. Son
&c company got a commission of one
half of one per cent for handling the
business Of the National This amount
ed to about $4,000 a year. AS one of
three partners of p. II. Howell. Son &
company. Post said Le received $50, 900
To 100000 out OF this s22O.OOO Re
plying to rapid fire questions from Rep
resentative Sulzer. Post declared that
Havemeyer, although controlling the
American Sugar Refining company
through his brains and high ability and
although interested in the National
Sugar Refining company, never sup
pressed competition between them.
There never was any concert in the
management of the two companies
said Post Strange as it may seem
that is true"
Why wasn't there? asked Sulzer.
You'll have to ask the directors that
question
Sulzer then took another line of ex-
animation. You would have sold sug-
ar much cheaper If you had not wat
cred YOUR stock ?' he inquired.
Post objected to the use of the word
"watered" but to the question said:
No. Because the economies practiced
by the company have more than offset
the dividends or stock"
Mr.. Post, have YOU made an effort to
get back s1O.00O,O0O of the stock?" in
quired Representative Sulzer. referring
again to stock Havemeyer obtained by
the organization of the National Sugar
Refining company. Of which Post is
president
There was no reason why 7 ought"
reioined Post.
Mr. Baker asked the witness if he
meant to say that the corporation was
organized in behalf of the people of the
country.
4 think they shared in profit" ex-
planned Post.