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Show IS DEFENDER Son of the Dead Man Aims to Make - a Career For Himself V 1 Washington, Juno 20. With all thot frankness of youth, Horace HavcmoyA er, the twenty-five year old son of tha late sugar king, H. O. HavemejjofT todaj told the House "sugar tfusi" Investigating committee of his plans to lead the combination his father built up Tho boy defended every action ac-tion of his father and scored thosd today who would condemn him. In brief, the plan of Mr, Hnvomoy-er Hnvomoy-er is to procure from the courts tho right to vote tho $10,000,000 worth Jpf common stock In the National SMgr Refining company now In the namefc; Jus' H. Post, buy enough of the pfci! ferrcd stock to make a majority ftj. terest and then manage the compauy in opposition to the American Suglr Refining company 5 I want to make a career for myself," my-self," declared tho young millionaire. I have no interest In tho American Sugar Refining company and no synV; pathy with those who are running t now " Mr Havomoyor declared It his belief be-lief that his father acted from philanthropic phil-anthropic motives In organizing the first sugar combination in 1887 "He told my aunt," he sold, "that the companies com-panies would olthcr go 'busted' or be taken Into a combine" The reason his father sold his holdings hold-ings in the American Sugar Refining company when he was president, tho son said, was because he did not want any ono to say he was managing the American for his personal benefit. Young Havemcyer said his mother told him this was his father's Idea. "About tho only person father talked talk-ed affairs with was my mother or my aunt Once a man I think his name was White said father was managing tho company for his personal interest! It made him so sick he decided to get rid of his stock. He had been getting $100,000 salary as president, but was the only man who succeeded In running run-ning tho American and they havo had no one like him since." That the late- Henryv Q. Havemeyor dominated1 and' controlled tho Amorl-s ; crTrrStrga-RoJl nlhrompnTTyrcuen bo owned on insignificant amount of Its stock was acknowledged by Horace Hor-ace Havemcyer Continuing, Mr. Havemoyer admitted admit-ted that, while tho Havemoyer for-tuno for-tuno was estimated at $15,000,000, moro'than two-thirds of it now was In-c8ted In-c8ted in the beet sugar Industry. Tho witness sold ho had been engaged In tho sugar business for a number of years, having for two vears worked for his father's company without salary sal-ary In declaring that H O. Have-n.eyer Have-n.eyer held very little stock In tho American Sugar company at the tlmo ho controlled It, tho witness said his father's holdings wore only S21 G10 shares of preferred stock, and 13G shares of the common. Ho estimated tho par value of the stock In the boot sugar Industry hold by tho family at 10.G04.000. "Has tho holding 'been reduced materially ma-terially slnco your father's death?" asked Chlarman Hardwlck "No, not mator!all it has been decreasod about a million dollars." |