Arizona republican., 1911-06-22
BEET SUGAR
 OWNERSHIP Refining Company Interest ed in Michigan Enterprises FIVE YEAR OLD COMBINE
The Testimony Yesterday of an Official of Michigan Companies Contr adicts Statements Made by Rep resentatives of Company.

Washington. June 2l.-That the American Sugar Refining company owns 37 per cent of the common stock and 5 per cent of the preferred stock of the Michigan Sugar Refining com pany, beet sugar corporation con- trolling six refineries in Michigan. was declared today by C. B. Warren, pres ident and general counsel for the beet sugar concern, in his testimony be- fore the house sugar trust committee
 The Michiban company was or ganized in 1906, according to Warren. Six independent companies have been amalgamated with a capitalization of about s9,000,0 900, instead of an authorized capital of ST., 2,000. .00O Henry O. Havemeyer was interested in acquiring large blocks of stock in the independent companies before the formation of the company, he said. but the controlling interest always has remained with the Michigan in vestors, who still hold 53 per cent
 Did you represent the American Sugar Refining company or Henry O. Havemeyer in seeking to bring about d consolidation of the independent beet sugar companies of Michigan in 1906?" ask cd Chairman Hardwick
 All of these companies sought to have outside capital brought into Michigan for their benefit" said War ren. They approached Havemeyer or his representatives in every instance except one. and those interests paid par for all the stock purchased"
 Did you advise Havemeyer in the negotiations"
 Yes. I advised him as to the con dition of the companies and matters of that kind"
 Did you ever advise him as to whether the efforts of the American Sugar Refining company in that mat ter might be involved as violations of the sherman antitrust law"
 No. l never did anything for the American Sugar Refining company outside the state of Michigan and had nothing to do except as described. I held stock in some Of these com panies for Havemeyer and his assO- ciates."
 The admission by officers of the Michigan company that the sugar trust controlled 57 per cent of their stock, it was pointed out today by members of the committee, is in con- tradictiOn to statements by represen- tatives of that company before the ways and means committee of the house two years ago. It was then maintained that the American cOm- pany had no interest in the Michi- gan beet sugar corporation.
 Warren admitted that in the early years of the Michigan sugar concerns Havemeyer, president of the American Sugar Refining company, occasionally wrote letters to express whether he thought the price of sugar was going up or down. Warren submitted fig ures to show an increase in the business of the Michigan companies since the formation of the corporation. In 1906. the first year of the new company. six plants used 305.020 tons of beets and manufactured 72.245.160 pounds Of sugar. Tn 1910 they used 511,261 tons of beets and manufac- tured 124,544,545 pounds of sugar, nearly doubling the output without materially increasing the original capacity Of the plants. The ability to get more beets and machinery were given as factors in the big business increase
 Earlier in the day Horace Have meyer, son of the late sugar king. closed his testimony before the com mittee. continuing his descriputn of the National Sugar Refining com pany.
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