Hearings Held Before the Special Committee on the Investigation of the American Sugar Refining Co; And Others on June 12 [-August 11] 1911 Volume 1

Hearings Held Before the Special Committee on the Investigation of the American Sugar Refining Co; And Others on June 12 [-August 11] 1911 Volume 1

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 edition. Excerpt: ...on it at all, had it? Mr. Posr. No, sir; I did not know of it at all--the forming of that trust to hold the stock. Mr. RAKER. VVhat is that? Mr. Posr. I did not know anything about the holding of the stock in trust that way until I saw it printed there, except in 1901 or 1902, as far as my 5,000 is concerned. Mr. RAKER. VVell, that has been 10 years ago. Mr. Posr. Yes. Mr. RAKER. But you took no action to change it or to rectify it? Mr. Post'. There was no reason why I should. Mr. RAKER. And you continued to handle stock just the same? Mr. Posr. Yes. Mr. BAKER. And to control the company that you were president of just the same? Mr. Posr. Yes. Mr. R.-xknn. And that took in these other five companies, where you have taken part of the shares of stock? Mr. Posr. Twenty-five er cent; yes. Mr. Raxsn. And Mr. avemeyer was in the dark controlling it while he was gresident of the American Sugar Refining Co.? Mr. Posr. 0t in the dark. It was public knowledge that he was active in the matter. Mr. RAKER. The public and these other men did not know anything about this condition, did they? Mr. Posr. His directors must have known. Mr. RAKER. Do you know whether they did or not? Mr. Posr. I do not know, except that they will robabl bring that out in their evidence when the time comes. I t ink w atever Mr. Havemeyer did in connection with it he did with the approval of his directors. ' Mr. RAKER. Then you controlled that company--the company that you formed--and handled it? Mr. Posr. Yes. Mr. RAKER. And Mr. Havemeyer worked in it so as not to come in conflict with his company and yours, did he not? Mr. Posr. For some reason or other, Mr. Havemeyer's policy was to allow eve refiner to compete for the business, even though actually owne by the...show more

Product details

  • Paperback | 540 pages
  • 189 x 246 x 28mm | 953g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236751655
  • 9781236751652