The Birmingham age-herald., 1912-03-28
PARSONS IS AGAIN ON WITNESS STAND Testifies With Surprising
 Life and VigOr Nt
 HE WARNED KISSEL Told Him He Must N t Refuse to Accept Payment of Loan, Par sons Maintains-Hayemeyer
 Letter Figures

New York, March 27-With self pos session and a vigor which excited the wonder of spectators crowded in the court room Octogenarian John E. Par sons testified today in defense of the governments charges that he and oth- CTS connected with the American Sugar Refining company, acted criminally in restraint of trade by closing up Adolph Segafs Pennsylvania refinery nve years ago.
 Delaney Nicoll. counsel for Che de- fendants. through MT. Parsons, sought to show that the trust" had made every effort to get MT. Segals 10 pay the s1,250,00O loan which he had ob- tained from it through Gustave E. Kis- sel and which the government alleges the trust" refused to accept and there- by throttled the Pennsylvania sugar en- terprlse.
 Parsons Warned kissel
 MT. Parsons asserted that he had positively warned I<issell that under no circumstances must he refuse re- payment of the loan." The witness said that at that time he was making a. particular study of the sherman anti trust law, as he was acting as counsel in the Knight case, when the govern ment sued the sugar trust" for ac- ouiring four refineries in Philadelphia and lost its case.
 q took a considerable part in pre- pairing the brief before the supreme court at that time" said MT. Parsons.
 ha estion of whether this loan transaction was breach of the law" asked MT. NicoH.
 An objection by District Attorney Wise was Sustained.
 Mir Nicoll asked MT. Parsons what he meant by swing in his letter to h. C. HaStmeyer in May, 1904, that the thing to do was TO nurse 1t along.
 'I had told MT. Kissel." the witness replied, that Segal had obtained S1,250'oo0 of the sugar company's money, and l said that he had no right 60 use that money in a way that was harmful to the company. Although this was before the Standard oil and Tobacco cases, it seemed to me most reasonable that the sugar company's own money should not be re- ceived by Segal and then used in a way detrimental to the company. The tenor of this correspondence was to keep that going according to contract which provided that the money should not be paid until October"
 Refers to Correspondence
 The witness referred to correspondence the following spring with purpose to1 show how Segal failed to keep prom ises for arranging repayment of the loan and told how finally the company be- came exasperated. The executive commit tee finally put the matter all in Parsons hands and Segal was advised that if pay ment was not made by June 2S the com pany would sell the collateral.
 A letter from Segai to Parsons just be- fore his collateral was sold said Segal was trying to take up the loan. adding
 .'I did not know that H. o. Havemeyer was furnishing the money or I never would have taken 1t. You have ample security for my loan and there Is no reason to sell'
 MT. Parsons said he rejected the propo- sition of Segal to operate the refinery on one-third of it's capacity because he did not think the plant could be run at a profit on this basis, and it would only tend to impair the collateral
 "I told him, however, said the wit ness, that I did not care what they did with the refinery as long as it did not hurt the collateral put up for the $l, ,250, 900