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Show I HAVEMEYER I EASYJONEY 1 , Spreckels Relates Inside m fiistory--Beet Industry M Needs No Tariff H Now York, July 22. How tho war H between tho Spreckels Interests and H ihc American Sugar'Reflnlng company H was settled and how. In the deal, the H Havemeycrs and John E Scarles H made an enormous profit, was told H the special congressional committee H investigating the trust today by Claus H Augustus Spreckels. The witness is H president of tho Federal Sugar Refln- H ing company of Yonkcrs and is a son H of the late Spreckels of California. H Mr. Spreckels said that in his opin- H ion the removal, or big reduction, of H the tariff on sugar Would decrease tho H price of refined sugar in this country H 2 cents a pound. H "It would also be the best thins for M Louisiana," ho said. "The planters H down thoro are antiquated, use an- clent methods and machinery and arc H not scientific farmers The reduction H in tho tariff would wake them up, and M modernize them liko it did Hawaii." H Mr. Spreckels said the refineries and H plants of both beet sugar and cane H sugar in "this country could compete H , -with tho world without a tariff Ho M ' said that without a tariff, the produc- H tion of sugar would bo so vastly in- H I creased that the Jam and Jolly indus- H ' try would he taken away from Eng-. ' and and the chocolate production ofv fl ' this country would be vastly Increased. H (Mr. Spreckels Bald: H Tho war started soon after the rortnation of the trust In 1SS7 and con- H tinned until 1891. It was very flerco." "How did tho end come?" H "I -was manager of the Spreckels H Refinery in hlladolphla In 1891, when M 'John E. Searlcs, secretary and treas- H urer of the American Sugar Refining company, came to mo In Philadelphia H and made a proposition to settle the H I "war. He said the competition had H i been ruinous. He asked it we would H sell 51 per cent of the stock of the M plant it would close Its competing H plant on the Pacific coast. H "i wirea my lamer auum auu, oiici Hlj much parleying, Scarles went out to H California to negotiate with my fa- H ther. The result was that the West- Hj em Refining company was formed, embracing the American and Spreck- H ( els interests, in a $5,000,000 corpora- H I tion The American took $2,225,000 H ' In the capital stork and Idellvered H It to H. O Havemoyer. Theodore Kavcmcyer and John E. Scarles In H Nov York They told me they were M tbc nurchasers and not the American H Thev paid me half cash and half in M i rrt time notes, which they lator j ' Sir mcaths later the Havemeyers H " r- mv father sold the total capital H t "' f the American for $10,000,000 H "e rrred stock. Of &ls my father M ' ''!- 5,000,000 and the Havemey- H t nrd Saarlcs the same for tbe.lr H -.-- fo- which they had paid my H I - '",225,000. fl Trey also, in the settlement of H ' 3r, acquired a 45 per cent ln- Hl i -f in the $5,000,000 Spreckels H 1 -I'ic'phia plant H Iy qjarrel with them started H T-l.eTt ihev wanted to limit the output H c tlip Philadelphia plant Their idea M as to reduce the amount of produc- M tion, and thus force up the prices .My M plan v.as to increase the output and M decrease the price. H oo |