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Show SM TRUST IS WITHOUT A. HEM NEW YORK, Feb. L Horace Havo-moyer, Havo-moyer, son of the late Henry O. Havo-moyer, Havo-moyer, Issued a statement today In relation re-lation to th0 suit or tho American Sugar Refining company filed, at Trenton, N. J , yesterday, seeking to set asldo as illegal the transfer to Henry O. Hnvcpieyer of practically all of the $1,000,000 common stock In tho National Sugar Refining company Tho American company'said yeater-day yeater-day the suit was a final stop in an effort ef-fort to oust the llavemovors from the sugar business. Horace" Havemoyer'3 statement denies he was ousted from th0 directorate of tho American Sugar Sug-ar Refining company and says his resignation was voluntary, owing to his wish to devote himself to the affairs af-fairs of the National company "The National," he said, "was organized or-ganized eleven years ago, when It acquired ac-quired tho three refineries which it owns, for 1S2.500 shares of its stock; 82 50frprcferred and 100,000 common. All of this stock was then Issued and tho books of tho company have- always al-ways shown that fact." Thcso shares were represented bv certificates Issued In the name o'r James H. Post, because the contract by th0 National for tho purchase of the companies which It acquired was mado with Mr. Post The transfer, which he and his sisters sis-ters sought to havo mado of these shares on tho books of tho National J:5Ii35S-Sy.5. fow weeks ago would havo meant, Mr. rfaverBSyer says, "that we would vote the stock -6uriiV55 But j the moment we took this step the American company ,opposed it It M owns 51,280 shnres of tho preferred ! stock of the National, and a3 lonr as ! It can provent us from voting our stock, It owns a mnjoritv of the re-' malnlng shares of the National and has absolute control of It, which oth-M orwlso would bo the biggest indopond- ont sugar refining interest In tho I country. ' ."VT ad,x;,t8ctl b' counsel that" our I ?iClii? rnU(1,and l shall Insist that , the suit bo vigorously pushed that I ! may vote .my stock and- establish tho independence of the National." ii was announced ,at the offices of the American Sugar Refining company com-pany today that -the gr.eat corporation Is without a president. At a recent '.meeting of the directors. Wnshlngt", B. Thomas then president, -rcafencl to become chairman of the board and uo successor has been chosen An election Is expectod at the next meeting. Edward F. Atkins, o? Bos. ton, is now first vlce-wesidont, and Charles R. Allen, tho present treas- W" uror, has assumed the duty of second P vice-president. 9 'W T-K |