| Show H O HAVEMEVER ON SUCAR lit Declares that the Customs Tuff It the Mother of All Trust I I 141 snamar I iniorrinninissm tallintil 11rielvoll13111 be scope 1ISAP a I or 1111 Vaehlngton June IIMr Henry O lavemeyvr president of the American Similar I lletlnlng comiany waa examined by stage Industrial commlielon today In connection with Its Inveallgallon of trusts Illl testimony relatavd nlmoet wholly to tile user Industry and he opened with a vlgoroui attack Upon lh Uftloma tariff which be declared was the mother of 1 trusts IvcomlnK such by provlJInK Inordinate Proton I stuff to manufactured article Thl ottik was mad In I a written statement which he read Mr 1 Havemeyer Imported that a tariff of 10 Ir cent waG aa high 01 any tariff shoultilmo He contended that augar li I tlecrlmlnaled mutual In the tariff In he Unwanted of Unililana cane growers IK beet sugar maker and the Dollar growers of File laIn llnnd tu thoatlnlreel hv oontendld flat Unit ell Hale contributed lliawvw which was taken out of the packets ot Ihe Wile The protection on sugar agalou n led to only lie of u cent a pound or about IH per cent ail 1 valorem I ought tu Ile l twice I ai nl much Whit Ihe lunar mining business hit pa hi or ll I paling represents not mow han ndoiiuate return on tin capital In vast led1 hmild hatCongreeiahould leave done Was In lout an Internal 1SV6 nu In on the American roIulo Lit vulgar Thi rrl r ntatlollM lad In I Cong reae i oncoming she true t ho del < 14 de-l nw1 wiv unlrui and Ioi II wrrr a fact that the ptoplv enforcers from trail they must blain the protective tarlfC ayatem beyond the H of a rent Ovum l gotong r ln freoll that the Company LIPS I t ioNmin i Its own Cost allsj 1114 I hI t n lie did not think the mriperstiono tore under obllgall in 11 the dIfformat Intel but that lilt vino Mae treat apltalundlatiil I I he staged vv lh I fulJUXI themselves If let I alone Th only way to prevint compt lltlon Mr Ihivomcyer tullll waa to krep prlcen nt a mlnlmumnoi niieiiarlly In I tile InlcriMl of Uu loniuni but UK a matter mat-ter ot buliiui lie fined lo free trust law I ot aome of the Htnte aa I premium on illh nelly Itecitylite the Mleoilrl la I There were alwuya 1 twp ilanei nf people In a commonllythe industrious and thoee who Wanted to live nil them lp I inn to nueUon by Prof Jnki after no had concluded the reading of lien paper Mr 1 Iliveimiyir h lien I American conalinny wat tapltnllavd far t = i igitallZ much imp Ilion It I map ortn Tin I to i the almoner ultaln1 trusts he split I I I lIollld to I Paid for three times Its Capitol lulOI Yol he 1Ulhl the refineries could 400WL too Iuplol for 01 or 00 prMont rapu < Ity of the trust In I ho null 4JW iiarrHa 1 a day and the output WOW He thought the trim ai rcnnlnx about Ml per cent of the euiiar roflnoi I the United Pieces The witness spoke freely nf the methode of tile Company In I pnjKirvIng and extending UN home FSmgT the earlier history or the en l rprlaa ho said he did not lulu the llarrtnon I refinery at Stifled I Cents Hut wo had II to nilht ftunikcta when llfht 11 II hf learn Into the if Id ulth hli nor miu kUnt Me had to ilo that or oupated i our dM < l < nd > We Went lull tin fight And w t kept I up until we a1 lh refinery Tin hit drop In the Ih i c of > uga h1 I Utinnnif dbs I tin it lining fiuu rilmries little h1 I thrltn H J In t fall to 1 r tit of tile bllno It m I I r of our Poll 1 y In Put Carl u 1 01 I n fail let thr opp Htllon take ilia icnull nl at > < T I mny br Iv ry vale 1 mud tI the opp Itlon I I tilteeplaes 19 much of the tompauy product he Midn WI must protect our own being n no nofair llatrarmeirer then went on to ay hat what the company did 1 did not for motlra of nhllanlrophy that It Lt hllonlrohIhl had Ita own aharehoMera to protect I Anybody can buy our stock he continued and u a conee > iuenc the Ubllc owns the stack Hut I doubt nether any ono would want any of the mock of the Independent refiner leve ldpnd11 onr How many atork holder leave your Asked I For Jinka AlKiut 1100 he replied Brad added Knouch to lake CulM and they would I u If they coul I r The latter remark waa made In a light Total Ho stated aa nil opinion hat I the Cuban augur alwuld b rourlit In 1 frre of duly and that this counts would bring refined sugar down 10 three Cents a pound 144ound peaking of lh I coffee btieinna Mr tiveraeyer Aid he waa In the butl eaa and In It to mate y |
