The Bridgeport evening farmer., 1915-10-01
BEDFORD REFUSES TO SAY HOW BIG SALARY HE DRAWS
Won't Tell U. s. Probers If He Gets S75,00O Salary
 "A Year.


 New york Oct. 1-sIs it true that D. T Bedford, the president of the eorporation, draws $75.000 a. year sal Ary2's
 This question by Van sinderin Linds- ley, one of counsel for the United &tates government, stirred yesterday s Rearing at No. IT Battery Place in the government,s suit to. dissolve the ESQ., DOC, 900 sCorn Products Refining com pany A legal fight followed the qaes- ton
 aates that MT. Bedford's salary was fixed at s75.OoO at the time the cor poration was organized" said Mir. Lindsley to the witness: Frederick. T. Fisher, secretary and treasurer of the concern.
 T haven't the minutes with me. 2 said MT Fisher
 Well, it so appears on the minutes, doesn't it?''
 T do not reconect.''
 That has been his salary right
 T object to the question of salary Rroke in James s. sheean of counsel for the Company. We are ready to go to court on that isslie,'' he added.
 Just then MT. Bedford, who had left Nr. Lindsley said to him. with a smile:
 --I don't suppose you have any objec- sion to having on the record what your salary is?'s
 MT Bedford promptly answered.
 certainly have an objection. No- Mrs Fisher and me. The salaries of our officers are one the secrets of qur business
 ItsEhad been put into evidence that H. sMatthiessen, head of the Corn Produets company predecessor of the Corn Products Refining company, got &50, GOO a year.
 Counsel for the government got from Fisher that when the Corn Products kefin1ng company absorbed the New York Glucose company after a trade war, the glucose concern declared, int 1906 and 1907, dividends amounting to 120 per cent. which had before tie Absorption been hung Up so the Corn Froductss interests could not get at
 Was this because of the trade war petween the Corn Pfoducts and sglu- isose eoTnpanfes2 F asked Mrs Linds- We'll, it wasn't thought good busi- ness % aid -eompetitor.'7 said Fisher, adding that the glucose concern need - cd more capital He said 51 per cent. qf the stock was held by the General
 That cgxnpany was made up Of William Rockefeller D T. Bedford, Charles G Pratt and other Standard oil people, wasn't it" asked Linds-
 Some men fl, tls, ro1apArays were not affiliated with the Standard Oil, MT Fisher said Els tlfsH testffaed that When President Afaftl1iesssn Of the Cora Products Company tried to get from President E. Bedford of the New York Glucose Company a writ len explanation of the hold up of the 120 per cent dividend, he was given to understand it was to keep the glucose cbmpany in working capital 4lE. BfdfQrd was then president of the GeHenA Trading Company, and Mir. Fisher Ea vice president of it. and 7lsc was secretary of the New york Glucose. Company.
 The Corn Products Company paid $2,0o0, GOO of it's preferred and $2,000,eO of it's common stock for 4s per cent. of the stock of, the New Fork Glucose Company ?s'f asked 1.indsley.
 { have no personal knowledge of the natter said MT Fisher.
 And the Corn Products Refining Company paid s5,50. .eo0 of it's pre- ferred and S4.O00,oOO Of it's common stock to the General Trading Com pany for 5I per cent-1of the stock of ssked ndsley.
 don't know. answered MT. X Fishaa.
 Evidence was put in to show that %hen the Corn Prodrcts Refining Company absorbed it's predecessor it game into possession Of the re- naafning 49 per cent Of the glucose stock, whereupon the glucose smeIon" was cut and the, Matthies- sen minority interests got no portion
 Frank Halpfn of the Central Mo- iasses and Syrup Refinery of Phila- de1phiA, testified that the Corn Pro- duets Refining Company withheld his rebates when he dealt with a rival concern- He was to get 3 rebate of 10 cents on every 1 % pounds of g1u- cose for Iusive dealing sJohn c Daaenhower a Camden. sN l5 wi1o1esaIe grocer, said Corn Prodncts Refining Company goods spractica11v set the standard of price and quality, as he and other dealers would not;fas a rule, pay more for fbe Eoods of independents. He occa- siona11y bought from outsiders at shigher prices He promised to get ehe 9ates~
 Mir. Danenhewer said it was adyer- Using that sells the populaT brands of tcvrups, starches and other foods to Ethe American public.