The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-10
Concern Agreed to Sell Sub
salaries and Curtail
Its Output.
FEDERAL MOVE CRITICISED
wilson's "Fricndly to Big Bust
ness" Policy Looked Upon
With Doubt.

SUGAR Refining Company and the Depart
ment OF Justice for a settlement out of
. court Of the Governments antitrust suit
have been terminated and the Government
suit will go on. They were ended after
the Department of Justice had rejected
drastic plan of reorganization which the
company proposed.
The preliminary hearings before Spe-
cal Examiner Wilson Il. Price will be re-
sumed but It probably will be several
months before the dissolution suit actually
goes 10 trial. The taking of evidence has
already consumed two years, and both
the Government and the sugar interests
rave spent thousands of dollars In the
litigation.
The company offered 10 put itself on
a plane--through sweeping disposals OF
part Of its cane refinery buriness and its
beet sugar nterests-where its relative
Importance in the sugar production of the
country to-day would be reduced 20 prac-
tcally half that which it occupied In the
eountry's production In 1892, before the
concentration under the Havemeyers be-
ian.
Tie end OF the efforts for a peaceablc
solution. which have been going on for
more than two months, came as a shock
TO the financial district. II was inter-
pre,ed as practical negation of the
Government policy OF friendly settlement
~ pmding antitrust action against big
business announced three weeks ago,
when the American Telephone and Tele-
ag-aph separation from the Western Union
agreement was reached.
Blow to "FriendIy" Move.
The end OF the sugar negotiations, at
ter the proposal on the part OF the COM
pany of "a drastic plan of reshaping it.
self. WAS considered to remove the pos
s.bity Of any great advance being made
along the line of friendly settlement with
tie Government of corporation dissolu
ton.
Leaders in corporation affairs said yes
icrGay that the hope that was held out
IN the telephone settlement and in the
Pronounced statements by President VIII
son and Attorney-G.neral McR.ynolds at
the timc that "A new era of good feeling
had arrived between the Government
and big business. was borne out by the
'''"i' W NV ,i'p' -, s"' s"s"' Nohi-
pany to set its house in order, accord
ing to it's Interpretation of the demand
o' the Government
The failure was accepted as evidence
mat a more substantial OASIS TOT work
ing out the problem OF corporation-gov-
ernment relations is essential.
President Wilson summarized the Ad-
minstration view Of the Importance Of
the new relation that was considered to
have been set up between big business
and the Government as the result Of the
telephone agreement hve days after its
announcement as follows:
The day OF accommodation and Of con-
c'ssion ana or common understanding IL
Inc DAY or peace and achievement and
necessity. We have come to the beginning
OF that day.
Business Men willing.
"N.n ,ro mn ,opy.r ros;s,;,,, rho con.
cluson which the na ,ion h'. arrived n,
az 10 a.. ,.o..s,,x 30 ~aaa,,,., ,,an,. ~ ~.
business Rnsinsss men ~ .,, sorts arr
shouiny ,heir wiliiryness IN come into
,hIs arr,ngsrsrt wh;ch vent,,r. 20
rhar,c,sr,,a a. ~. contribution NJ neace /"
President Wilson had further exhibited
the Admits, "a tion attitude and heller
r.gsrding the new constitution of p.ace
when no said NJ Oh. te,enhone .vreenent
w gain the imnress,on more and more
from week 10 week that the business men
NJ tho ,o,,n,r,, .r. ,ircara,,, do,,rou, NJ
conforming with the law and n In very
gratifying indeed In have occasion. as in
this instance, 10 deal with them in COM
pleta ,ranLne.s and % he able IN .how
them that ali that We desire IA an opuor
turity 10 cooperate with them.
80 long as we are dealt with IN this
spirit We can help TO build up the bust
ness OF the country upon sound and per-
manent lines
Attorney General McReynolds had even
more explicitly enunciated the policy of
the Administration regarding the pea ce-
full settlement of suits. He said in his
letter IN ,hs ta,snbona na1emsnt.
The Administration earnestly desires
10 cooperate with and promote all busi-
hess conducted in harmony with law.
and that without abating the insistence
that the statutes must be obeyed, It will
always welcome opportunity to aid in
bringing about whatever adjustments are
necessary for the reesta blishment Of law
'ul conditions without litigation"
In the light OF these declaratio tons Of
me friendly attitude of the Government
10 settlement out of court OF the anti
trust question, the collapse of the sugar
negotiations appeared to financial men as
weak and discouraging performance.
Ihls conclusion was strengthened when
me radical nature Of the terms OF dis
ssfr lsa T"'Sh the sugar company offered