Review of reviews and world's work . two Houses ofCongress, he would be prepared, if neces-sary, to appeal to the great body of Republi-cans in the Mississippi Valley to supportprogressive policies, whether inherited fromthe Roosevelt administration or initiated asa part of the original program of the presentadministration. Mr. MacVeagh expresseshimself with felicity and with statesmanlikebreadth of view. u „ T ^ fc; The troubles of the American More Trouble r, r • r^ for the bugar Kenning Company, popu-ugar rus. ^^ known as the Sug?r Trust, have continued in the reverse sus-tained in the
Review of reviews and world's work . two Houses ofCongress, he would be prepared, if neces-sary, to appeal to the great body of Republi-cans in the Mississippi Valley to supportprogressive policies, whether inherited fromthe Roosevelt administration or initiated asa part of the original program of the presentadministration. Mr. MacVeagh expresseshimself with felicity and with statesmanlikebreadth of view. u „ T ^ fc; The troubles of the American More Trouble r, r • r^ for the bugar Kenning Company, popu-ugar rus. ^^ known as the Sug?r Trust, have continued in the reverse sus-tained in the important suit brought by thePennsylvania Sugar Refining Company. Thelatter concern has sued the Trust, under theSherman law, for damages and penaltiesamounting to $30,000,000. It seems thatin 1903 Adolph Segal, a wealthy real estateoperator of Philadelphia, built a large andexcellently equipped sugar refinery for thepurpose, according to his friends, of compet-ing with the Trust. The friends of Mr, THE PROGRFSS OF THE WORLD. 11. Copyriulit. 19U9. by Ihe Moifcn Studios. Chicatio. HON. FRANKUN MACVEAGH. SECRETARY OF THE TREASURY. 4 Haveme\er, the late head of the American tliis loan was made by the Sugar Trust, Sugar Refining Company, assert that though it is denied by Mr. Segals advocates Pennsylvania Refinery was a strike,—that that he knew at the time where the money is, it was a concern projected, to sell out to came from. A condition of the loan was the Trust. At any rate Mr. Segal, the pro- that the lender should control the directorate moter of the new enterprise, became, just of the new refinery, and this directorate, rep- about the time of the completion of his re- resenting, of course, President Havemeyers finery, very much overextended financially interests, kept the factory^ closed; and as a and was forced to borrow heavily on the se- matter of fact it has never refined any sugar, curities of the Pennsylvania concern. He Naturally, the securities of a refi
Size: 1338px × 1868px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1800, bookdecade1890, bookidreviewofrevi, bookyear1890
