Pine Bluff daily graphic., 1911-07-21
PARSONS TAXES
 ALI THE BLAM[ SIMS HE ORIGINATED THE IDEA OF THE SUGAR TRUST AND HE
 IS PROUD OF TT.
NO VIOLATION OF LAW
says the Government Gan Solve the Trust Proposition By Repeal
 ing Some of It's Laws.

New York, July 20-John E. Par sons, almost as supplementary and almost as agile physically as his son, an eX-Congressman and former jead- CT of the Republican organi 5atio1 in New York county who sat by the pat eral side all through the veteran lawyers examination today by the special committee of the National House of Representative that is in. vestigating the Sugar Trust, asserted proudly that he was the father Of tina; giant industrial combine; that he had conceived it; that he had legally nur- tured it from it's inception until he had resigned as it's general counsel eighteen months ago, a short :tme before he and several other officers and directors were indicted 5y the Federal grand jury for consplring to violate the Sherman Antitrust laws that the corporation was not ill con. tempt of the Jaw; never had 'oaen and that it's operations had been for tEe public good.
 q am ready to take the entire credit Or blame for the fortune which is now the American Sugar Refining Company" he said. "At the time of it's organization it was considered creditable and good many pers DIS tried to share the credit with me. Now it seems to be considered other wise and I am left alone with the bag to hold. But I am ready to stand by it and take the whole blame"
 This was the keynote of MT. Par sons testimony. From the beginning to the close of his testimony he de fended vigorously at times vehement ly. no. only the Sugar Trust but also the principles underlying the results attending industrial capitalization.
 Representative Garrett, of Tennes- see. who did most of the questioning, asked MT. Parsons if he did not think the laws should protect "the little fish from the big fish-should the big ones be allowed to swallow the little ones"
 "The little ones are fools to be swallowed by the big ones, scoWled the doven of the school of American Trust lawyers.
 "But sometimes the little fish can't help themselves" tentatively sug- gested the Tennessean.
 "Oh yes then can if the government will let them,' returned MT. Parsons confidently.
 "Hov?' asked the Congressional investigator.
 ''The government should repeal all the silly laws now on the statute books and thus permit the little 1el- lows to combine and fight the pig ones. Then you would have healthy competition and no such thing as monoply."
 Tlroughout his testimony, which consumed five hours, MT. Parsons was so aggressive, so positive Of the correctness of his position, Of the variety of his views, that his inquisi- tors appeared timid if not dumbfound- ed In broad strides he reviewed the economic history of the world.
 He said that of the twenty-three su- gar refineries in the country at tho time of the organization of the Trust in 1887. seventeen had joined the combine.
 "At whose suggestion was it that these companies were taken into the combine?"
 C" had known something of the for nation of the Standard Oil Company but the general idea of the Sugar Trust was mine"
 "Who first conceived the idea tha the combination would be good ousi pess proposition?
 "I think that was apparent to ev eryone.. believe Theodore H've never and Perry o. Havemeyer ITS talked it over with ne a-d ten talked it over with John E. searles who represented the other interests