Show r CORN PRODUCTS r v v w v mm BV m T COMPANY SCRAP IMa Makers ers of Various Thins Things Ac Accuse e cuse cure Standard Oil of Cre Creating Creating Monopoly RECEIVER IS DEMANDED I ALLEGATIONS ALLEG CONTAINED IN COMPLAINT I Chicago May 4 The Chicago cago Real Real Estate Loan Trust company ny today filed flied a bill of or complaint in the county court asking for tor a decree d cree requiring H t reorganization of the Corn Com Products company under the tho direction of or the tho court and that a receiver be furnished 1 for tor the plants of ot the company In this state The TI e court is also asked to ta en enjoin enjoin enjoin join the Corn Products company o the Corn Products Refining company coral uny and the Glucose Sugar Refining company and the officers of these companies front from selling or conveying to the Corn Products RefinIng company any prop property property property erty now In the th name of the Glucose Sugar Refining company After reciting the history Of the for formation formation mation of the Corn Products company c it is set forth in the bill bUt that 51 net ner P cent of the stock of ot the Corn Products company is held in the name of r E T Bedford and nd his associates whom hom the bill blU declares are commonly known rs s the Standard OH Oil people Conspiracy Charged Charged Prior lo to o Jan Jau 1 1900 C it Is averred in inthe inthe inthe I the bill bUl that C II H Nor Norman Norman Norman man D Ream William W v Heaton Joy Morton J B Greenhut C CL L L Glass W WJ WJ V VJ J Calhoun W Yo T Gorman T B Wagner T B Helger Heiger H iger H B Kingsford and F C Sherwood as officers rs and di dl directors directors rectors of or the Corn combined with the Standard Oil people who were wore officers and directors of the New York Glucose company to de defraud defraud defraud fraud the complaining company of or its Us stock The methods of or conspiracy y It Is Isaid said aid in the bill Include the tho formation of or a corporation known as the Corn Com Products Refining company owned by byC byC byC C H Norman D Ream and others whose whoso names have hae not been learned As part of the conspiracy C CH CR CH H R Matthiessen and his gave E T Bedford and amI his assistants control of the Corn Products compa company ny with all its trade trado secrets and fan fac factories tories It is said that the stockholders of the he Corn Products company were discouraged discouraged aged as much as possible by such re reports reports reports ports as would induce them to sell out or transfer their stock Standard Oil Attacked The bill further declares from the beginning the company has hits been sub subjected jetted to attacks by tho tha Standard OH Oil company comp ny One method was the con construction construction of ot a factory for the New NewYork ew York Turk rk company Medford U and I his associates tee This method failed and d it was then attempted ted to buy the stock I of the Corn Com Products company by depreciating de depreciating the e stock vat values al e by the sales I of ot large quantities of Qt stock on OR different i exchanges in Immense amounts and buying it again at a lower figure The of or common stock was cut down by false sales to of Its supposed value alue while of or pre preferred preferred stock was depreciated to one quarter of t Its par value e Some Soma days nearly the th full amount of the entire stock issue were sold although aUh uh the sales s were false and fraudulent Other steps in the alleged conspiracy are declared to have been the purchase of ot the Wagner factory in Lake county Illinois and the St Louis factory The bill then declares the conspirators are arenow now planning pl to cause all all aIr pf pt the prop property property p perty erty and business of ot the Corn Products company to be transferred to tho the Corn Com Products Refining company and to per permanently permanently destroy the value vahie of of stack held by the complainants Market Shoved Down The market for glucose and starch has been allowed to fall raIl as far tar as pos possible possible sible into the hands of the factories owned by b Bedford and others rs arid and ab absolute absolute b solute monopoly has been created The Th new company Is fixing prices to suit itself and the public must pay what whatever ever ev r Bedford and his Jils Jd Standard OH friends demand It is further declared that the pay payment payment payment ment of quarterly dividends has ceased and that the stock has been fraudulently fraudulently lentI taken talen from all exchanges anges In conclusion the bill declares that the tha th Corn Products ts Refining company is isa isa a trust operating o t in opposition to the Ute laws laWR of 6 Illinois and the he court co it Is asked to take lake action In IIi the tile premises The application will not be b heard for fora forn a n week or ten days as It Is necessary for rOt the complainants to give rive fIve days notice of or tho the application for an injunction tion fiot and tha appointment ofa of r a 3 receiver unless there is Js urgent necessity for im ini immediate immediate mediate action |