The evening world., 1911-06-24
HAVEMEYER DEAL
IN COLORADO TOLD
AT SUGAR INQUIRY
Gained Control of Great West.
ern Beet Sugar Company and
Satisfied All Concerned.

WASHINGTON. June 2a.-Conhdentiai
details Of the way the American Sugar
Refining Company and tho Havemeyer
interests acquired control Of the stock
OF the Great Western Beet Sugar Com
pany In 1906. and a declaration that
Henry o. Havemeyer. late head OF tho
so-called Sugar Trust, did moro for
Colorado than any other investor In
that State. were given before the House
Sugar Investigating Committee by Pres
ident Chester Morey of the Great West
ern concern.
Mr.. Morey said Havcmeycr originally
was opposed TO the amalgamation Of
either the Utah-Idaho or Colorado
groups OF beet sugar plants. but finally
consented, saying to Mr.. Morey: 90
ahead. you fellows seem to have this
pretty well In hand"
Mr.. Morey said the present tariff was
vital to the existence OF every beet sugar
plant.
lie told how he met Mr.. ITavemeyer In
New York with written authority to sell
his c~ompany's stock at n certain price.
with an undlscloscd alternative figure.
Inc ltIt StNdtuT NoltOtt vi ,olOTduO III
troduced him to Mr.. Hnvemeycr. Mr..
Morey told Mr.. Havemeyer the price.
Ridiculous said Mr.. Havemeycr.
slamming his desk. according to Mr..
Morey. Il won't talk about It," a few
weeks later Mr.. Haveneyor sent for
Mercy again and the deal was made.
The witness said that the Great West
ern's building and operation OF It's wv
railroad secured beneficial rates.
we would have extended our CON
Meeting line into Denver" he said. IL
the railroads had not treated us fairly"
Mr.. Mercy was Intercepted as to
the details OF the organization In 1876
Of the Great Western Sugar Company.
which Is an a-maigaGnation OF the Col
orado beet sugar factories. The Amcrl-
can sugar Refining Company financed
many OF the smaller factories. and in
the organization OF the consolidated
company. now capitalized at $50, oOo. 900.
acquired n majority OF the stock,
The companies In the Great Western
group were located at Greeley. Eaton,
Longmont. Loveisnd. Windsor. Fort
Collins, sterling. Brush, Fort Morgan.
all IN Colorado, with factories At Bill
| tibNs NfNllAHE Hhh '''N' ~ VI
The last hvo OF these, the Government
claims. were erected to forestall cree
ton Of sugar plants there by Interests
Independent OF the Great Western
Sugar Company and the Havemeyers.
Tie amslgamation OF all these com
panles, Mr.. Morey testified. was pro-
posed nrst by himself aud associates n
Colorado md after directors In manS
Of the companies had approved the
plan. He went to New York and tool
up the matter with VI, q Havcmeyer.
How much Of the Great WesterT
stock does the American Company nov
own?" asked Representative Mllhy,
'~TLlrty-thrce per cent"
How much Is owned by the Have
never estltc?"
"Thlrty-hvo per cent is controlled b.
the Invemeyer estate"
''Then the representatives. OF Mr.
Haycmoyer's estate and the American
Sugar Refining Company control a raa
Jorlty OF the Western sugar stock?"
YES, that IL correct"
The uatac CT former L, s. Senate
Burket. OF Nebraska was brought iut
the sugar inquiry by Chairman Hard
wick. who asked MIR, M0rcy whether h
had heard that the establishment "
beet sugar factory at SCOTS Blur
Neb.. had Influenced Senator Burkc'
to vote in favor OF the sugar tart
schedule. Mr.. Morey said he had neve
heard such reports and knew no sue
] facts.