New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-01
MAKING A SUGAR TRUST
Simple Plan Revealed in Letter
at Government Hearing.
ALL UP TO Mr.. PARSONS
Consolidation of Big Refineries
and Cutting of Profits Are
Frankly Set Forth.

Letters showing the intention Of form
ing sugar trust were presented at the
hearing of the suit OF the government
against the American Sugar Refining
Company which II Is trying to dissolve,
yesterday morning before Special Elk
aminer Wilson g. Brice. in the Federal
Building. w. Edward Foster, controller
Of the American Sugar Refining Com
pany, was the first witness and was on
the stand all OF the morning session,
which started at II o'clock. Mr.. Foster
brought with him number OF books.
Several letters written by II. O. Have
meyer were produced by Assistant United
States Attorney Knapp.
On the stand Mr. Foster said that he
had been in the sugar business since 1898,
when he started as assistant bookkeeper
with the Havemeyers. He went from
them to the Sugar Refineries Company,
and later to the American Sugar Rehning
Company. OF which he was auditor unti
two years ago when he became controller
The witness said that in business way
he came into contact with John L. Searles
and Charles r. Heike.
Answering question as to the re-
fineries composing the so-called trust, Mr..
Foster said that the American Sugar Re-
filming Company Of New Jersey now OPP
crates two plants at Jersey City. the
Standard. at Boston; the Continental. also
at Boston; the Louisiana, at New Orleans
and the Chalmette, at Chalmette, La. The
American Sugar Refining Company OF
New York, a subsidiary company, OPP
crates the Havemeyer & Elder and the
Brooklyn refining plants, both or which
are in Brooklyn.
One OF the letters presented at the hear
ing was addressed to John X. Dos Passos.
a lawyer who represented Mr.. Havemeyer
in the final arrangements for the organi-
zation Of the American Sugar Refining
Company. under date Of April Z. 1887. 1t
read:
Dear Sir: II details are satisfactorily
arranged we will within ten days become
parties TO a consolidation TO embrace
Hayemeyer & Elder and De Castro g. Dom
ner. OF New YORK: Matthieson & wiechers,
sugar Refining Company, OF New YORK
Havemeyer Brothers, of New YORK
Brooklyn Sugar Refining Company. OF
New York: Dick Never, OF New YORK
New York Oxnard. OF New York; stand
ard Sugar Refining Company, OF Boston
Bay state Sugar REFINING Company, d
Boston. Continental Sugar Refining COM
pany. OF Boston; Nash, Spauldlng q CO., OF
Boston. Boston Sugar Refining Company
of Boston. +. G. knight. Of Philadelphia,
and their properties freed from incum-
branccs. on the basis OF a total capitaliza-
ton OF S3.5O0000. at 10 per cent per an
mum. preference to us and SIC. 900. 600 adj
ditlonal OF which we are 10 receive three
eighths the papers TO be approved by MI
Parsons The capitalization beyond the
preference may In the above proportion De
Increased in amount up 10 S50,O0O.OOV
This Is 10 be returned II the transaction
does not go through. Yours respectfully,
HAVEMEYER & ELDER.
DE CASTRO q BONNER SUGAR RE-
filming COMPANY.
Per II. o. II. Manager
Joseph F. Freeman. secretary OF the
American Sugar Refining Company, went
on the stand in the afternoon TO report
on a subpoena issued by the government
for certain correspondence between the
main Offices and the branches OF the
American company The witness produced
two large tin cases, which contained. he
said. books OF letters mailed from the
New Orleans office In the year 1902.
Mr.. Knapp said that he wanted Il un-
derstood that while he accepted the books
he wanted other correspondence.
Mr. Crawford said he had no doubt that
Mr.. Freeman could get possession Of the
books and would be pleased TO submit
them II Mr. Knapp decided he wanted
them.
The subpoena was held over for one
week and Mr.. Freeman was then excused
from the stand.