The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1911-06-22

ms,,as o'ssoiss'isa q cea't'aa'''n
MastlhFtou. yaar ~ r Wbf"
lsmes II Poet president q ihe Ma
ilanal sugar Aranlns eonpaaI "
N.M Jersey. seat un ths piinesS
ssaa II tn fagaf hearing. be maae
N effort 10 c0HeeAi ibe taea inst iA"fe
IL slo ooQ eoa u wafer Is me esp''
tAasai0n "a hls cosaFan2
ges patsf is there ~ said, be-
saasc Henu O iiaYsmtgsf Demand
"a sal aHouaS b. . Bonus Tor his paF'
IL pfoinaluK the Organization q ne
ersapsnF Post also admitted maj
ne funds a lhe Amef!crn sugar RE-
ra3ns company we're used b he deal
ttfaagh A. Intermediary bot mat
nesmliheianaIng thiA fact ihe tia,-
oo8 Dslo ~ common stock IL COW lD ihe
poekssrien - the iiayemeyef estate
TIE hearing furnished the best mus
tfsiioe thus far Afforded u The man
n.g IN which HsYemeyef bought up
tit competitors u ihe sugar trust
ara al the same time made au enor'
Nous pfont on no side
My Post said ne sss formerly In
ttges,ea 10 the y. u Howell Sons d
% which owBed the Delaware sugar
house This house post said was
sald 10 the trust for $500 600 the
holders of the Delaware sugar house
aack. he asld got about tao for one
TIT their stock
ST. t,ost said the National Sugar
Refnlne company was organized y
1900 under the laws ~ NeS Jersey for
lle purpose OF taking over The Nation
Al sugar company u New York me
Mailenhauer Sugar company aud the
New York Sugar Refining company
Later the company purchased a ~
percent interest In the MeCaban con-,
pany iof 81 go 600. which was near.
Is three for one The National and
TIE Mullenhauer we're 90 friendly
terms. the witness said bat the New
York Sugar Refining company Was "a
active independent IN competition
pith the two companies
Mr. Post said the National sugar
Refining company was organized I'M
der the laws Of New Jersey 20 avoid
taxation and other laws OF New York
The organization Of this company
was made Tor The purpose 81 stopping
competition, was Il NOT asked
Chairman Hurdwiok
II had that effect answered the
witness
Adrian " Larkin counsel for Mr.,
Post. objected 10 having the commit
tee question the wimess about the
$40 000 600 Of common stock Of the
National sugar Refining company Of
New York which Is nov a matter 81
litigation IN the New York courts.
on The ground that Post would have
ia testify before the New YORK courts
Ia the tall
in ruling ont the objection, Chair
man Hardwick said that the Nation
al Sugar Refining company OF New
Jersey, has capitalization Of $50,
GOO 900 on properties valued al 81
GOO 900 or " 600 0o0 He said the
committee was determined to lind out
sbont ibe watering OF stock and Il
would not waive rs rights In order
10 lei any witness reserve his testi-
mony for courts
The $40 900 0O0 Of common stock
Post said, was Issued to him and was
delivered to II o Hayemeyer ten
days later II Is nov In the Have
meyer estate The stock SIN stands
in the name Of Post and he has been
voting on u for ton years Two years
later. he said. Hayemeyer told him
he had pnt aside $500 GOO Of the COM
mon stock as recognition for hts ser-
vices. 10 be delivered 20 Post al the
end OF fiyc year,
Although Post has received fl25 0aH
Ia dividends The stock was never
delivered 10 Post and The HayemcyeT
family now claims Il Iayemeyer,
he said. got dividends aggregatina
s. beV 900 On the common stock ex-
elusive 81 dividends, from the shares
promised 20 Post By Hayemeyer