The Tabor independent. [volume] (Tabor, S.D.) 1913-19??, 1913-03-06
ALLEGED GLUCOSE
TRUST SUIT STARTS
Dissolution CT Corn Products
Refining Company Sought :
BY Wickersham. -

New York, March 3~.-7Dissolution of
the Corn Products Refining company,
an alleged starch, glucose and syrup
trust" Is sought by the federal gov
eminent in a civil antitrust suit filed
here today, charging the $S0,000,00o
combination with entering conspiracies
and contracts to destroy competition In
violation Of the Sherman law. 1t is
alleged they kept the cost Of corn prod
ucts unreasonably high to harrass and
discourage Independent manufacturers.
1t is alleged that by controlling Sc per
cent of the American production of
starch and glucose and so per cent Of
the interstate trade in mixed syrups,
that alleged trust is charged with fix-
ing resale prices, with manufacturing
cheap grade candy at unreasonably low
prices in retaliation against confection-
ers, who buy starch and glucose from
Independents, with practically sup
pressing I = private brands of mixed
syrups of grocers by quoting low prices
on its own syrups.v and with unlawful
threats and contracts to destroy con
petition.
Injunction Sought.
Aside from dissolution, the govern
ment asks for an injunction prohibit
ing thea alleged restraint Of trade. The
suit recalls the long drawn out fight
between the department Of agriculture
and the Corn Products Refining COM
pany over the branding Of its corn
products. ...
The following corporations, officers
and directors are named as de-
PENDANTS:
Corn Products Refining company,
New Jersey; National Starch company,
New Jersey; st. Louis Syrup & Pre-
serving company, Missouri; Novelty
Candy company, New Jersey; Penick
e. Ford. Limited. Louisiana; Edward
T. Bedford, William j. Matheson, Fred
erick T. Bedford, A. B. Boardman,
Frederick T. Fisher. G. H. Kelsey, Geo.
8. Manhana, George M. Moffett, WILL
lam p. Nichols, A, A. Smith. James
Speyer, E, Beverly Walden, c.. M. War
ner, r. S. Burns n A. M. Watkins,
all Of New York; Thomas P. Kings
ford, Oswego, N. Y; c. H. Lorenzj and
Louis Suss, st. Louis: F.. A. Lohmeyer,
c. w. Lohmeyer and Edward r. Bed
ford II. of Jersey City, N. Y; Benja-
min Schneewind, Chicago. and William
s. Penick, jr., and James P. Ford, New
Orleans.
The bill, filed by United States At
torney Henry A. Wise. is signed by At
torney General Wickersham and James
A. Fowler. Jesse c.. Adkins and will
lam H. Miller. his assistants.
Dismantled Plants.
1t is alleged that the defendant COM
bination dismantled many of the starch
and glucose factories 1t absorbed, SELL
ing the properties in most cases under
covenants that the anG conveyed
should never or not for a long term
of years, be used in connection with
the manufacture of similar products.
The alleged trust and its predecessors
are charged with having taken con-
tracts from officers n directors of
certain absorbed companies, not to en-
gage in the business for a period of
years.
" When the Royal Baking Powder COM
pany acquired control of the American
Maize Produce company, the defendant
combination. 1t Is alleged. threatened
to engage in the making of baking
powder, resulting in an agreement
whereby the maize company sold to the
defendant the surplus product not con-
sumed by the baking powder company.
To suppress competition, the combina-
ton is alleged to have employed the
firm of Stein, Hirsch & Co.., in 1908 and
1909 to sell glucose at a loss as indie
pendent manufacturers.
Grab Candy Business.
When the National Candy company
organized in 1906, the Clinton Sugar
Refining company, whose output would
come in competition with hat of the
Corn Products Manufacturing company,
the latter, the bill says, informed candy
manufacturers throughout the country
that unless they bought a c~-ficient
percentage Of the glucose they needed
from the defendant combination, II
would go into the candy manufactur-
ing business itself in competition with
them.
In consequence, 1t is alleged, the Corn
Products Refining company acquired
control of the Novelty Candy company
to retaliate against the National Candy
company and manufacturing confec-
TONERS purchasing glucose from indie
pendents.
Until prohibited by the Interstate
Commerce commission. the company Is
alleged to nave secured from railroads
an excessive share of the through rates
TrA IRAN ~ ~ NIn