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Show SPRECKELS TELLS OF THE COMBINATION Eastern and Western Con- cerns Enter Agreement !' to End Competition. W.8HIX0TO!f. June ".Detsile'of a great sugar war n the early "wOs bo-tween bo-tween Clais Spreekels a the west aad Henry O. Havemever in the east, resulting re-sulting in an alliance between them, were "elated to the sugar trust investigating investi-gating committee of the house by John E Spreckele. son of the Paein coast sugar magnate, and president of the Western Sugar Kenning company of San Krancisco. . "When Claus Sprockets met Henry O. Havemever in that old sugar war, asked Representative Madison, it was a contest of Greek against Greek, waa it nott" a .L ,, "It certainly waa a fight. Mr. Spreekels then described how, during the sugar war, his father l vadedfthe eastern territory and a great cane auger refinery i Fhila delphia. Tl brmtght sheet She war-mination war-mination of the fight. "Who waa the first of those two masters mas-ters to throw up bis handsf" Mr. Mad-isoa Mad-isoa asked. Both WUllng to Qnrt. "T think it was Havemeyer." said Mr. flpreckels. "Whe we entered the east ib the fight, of eourse both my father and Mr. JIavemeyer realised they were losing monev. They came to their eeaaes, and in short earn together and . concluded that such a fight waa of bo use. It resulted ia a eonsolida-tion eonsolida-tion of tha plaata ia the east and the formation of the Western Sugar Refining Re-fining company in California which took over the Americas Sugar Refining Refin-ing company -plant and our plant there "The American plant in the west waa closed down. Each side took a half interest ia the new company. In the east the entire Philadelphia Bpreek-els Bpreek-els plant waa eventually sold to the Americas Sugar Refining company. That waa, I think, ia 1898. "After that thera never was any competition between Spreekels and Havemeyer, was there" Mr. Madison inquired. Plenty of Other Competition. "No. bat thera has since been plenty of other competition." -llr. Spreekels alee described bow Mr. Havemeyer became associated with them In 189T ia the Spreekels Beet Su- (rar company ia the erection of the argent beet augar plant ia tha world. The witness declared that ia his opinion opin-ion free trsfis in sugar would rule the beet sugar business and, ha prophesied, prophe-sied, that with the tariff on sugar let aloae. California alone could furnish enough augar from beets to supply ths entire United States, and to warrant the tari protection of the indnetry. In answer to queetioae by rtepreaen- tative Hinds, Mr. 8preekels aaid the American Sugar Refining company did not have a monopoly of the sugar business busi-ness of the country- "If their motive in coming to California Cali-fornia was to monopolize the augar bnsineaa, they did not succeed," Mr. Spreekels declared. "Well, tke American Sugar Refining eompaay having half of your etoek, are you eooaeioua of competition with them la Miaamri r- territory tl! asked Mr. HiBds. "Oh, yss." was the reply. "We compete with their New Orleaas and New York output in that territory." "Well, does not the American Sugar Refining company, owning half the stock of the Western Sugar Refining eompaay. have a veto power in that eompanyf" "No. My brother, my son, our attorney at-torney aad myself are ob the board of directors and dominate the affairs of tha company. They ean't veto us or put aa out.'' |