Hearings Held Before the Special Committee on the Investigation of the American Sugar Refining Co. ...

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U.S. Government Printing Office, 1911
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Page 2079 - It is quite clear that the effect of the defendant's action was to divest itself of the essential and vital elements of its franchise by placing them in trust; to accept from the state the gift of corporate life only to disregard the conditions upon which it was given; to receive its powers and privileges merely to put them in pawn; and to give away to an irresponsible board its entire independence and self-control.
Page 2079 - ... the control which the charter gave them and the State required them to exercise. It has a board of directors nominally and formally in office, but qualified by shares which they do not own, and owing their official life to the board which can end their power at any moment of disobedience. It can make no dividends whatever may be its net earnings, and must encumber its property at the command of its master, and for purposes wholly foreign to its own corporate interests and duties. At the command...
Page 2004 - ... days; the advance to be without recourse to, or reclamation upon us, and to be due in any event. 2. The sugar when sold is to be billed in your name, although in fact as factor for us, and you shall without reclamation upon us, at your own cost, pay all expenses, and assume all risks of the property, and of payment of collection.
Page 1864 - Acarus sacchari is a formidably organized, exceedingly lively, and decidedly ugly, little animal. From its oval.shaped body, stretches forth a proboscis terminating in a kind of scissors, with which it seizes upon its food. Its organs of locomotion consist of eight legs, each jointed and furnished at its extremity with a hook. In the sugar its movements from one place to another are necessarily very slow, but when placed on a perfectly clean and dry surface it moves along with great rapidity. It...
Page 2079 - Its stockholders, retaining their beneficial interest, have separated from it their voting power, and so parted with the control which the charter gave them and the state required them to exercise. It has a board of directors nominally and formally in office, but qualified by shares which they do not own, and owing their official life to the board which can end their power at any moment of disobedience. It can make no dividends, whatever may be its net earnings, and must...
Page 2106 - Combinations and monopolies, therefore, although they may unlawfully control production and prices of articles in general use, can not be reached under this law merely because they are combinations and monopolies, nor because they may engage in interstate commerce as one of the incidents of their business.
Page 2077 - Without either approval or disapproval of the views expressed upon that branch of the case by the courts below, we are enabled to decide that in this State there can be no partnerships of separate and independent corporations, whether directly or indirectly through the medium of a trust ; no substantial consolidations which avoid and disregard the statutory permissions and restraints; but that manufacturing corporations must be and remain...
Page 1865 - Hospital, assures me that persons suffering from ' grocer's itch ' are always to be found amongst the extern patients treated at that institution. The number of Acari found in raw sugar is sometimes exceedingly great, and in no instance is the article quite free from either the insects or their ova (eggs). Dr. Hassall (who was the first to notice their general occurrence in the raw sugar sold in London,) found them in a living state in no fewer than 69 out of 72 samples. He did not detect them in...
Page 2369 - ... DAY. Who does? Mr. HITCHINS. I do not know. Mr. DAY. You quote no rate? Mr. HITCHINS. The through rate may be quoted by the lineman, the steamship man, or it may be quoted by anybody interested in the traffic. Mr. DAY. But the Chicago Great Western makes no through rate across the water? Mr. HITCHINS. I do not know whether they do or not; I do not. Mr. DAY. Have you any reason to believe that it has been done by the Chicago Great Western in the past year t Mr.
Page 2079 - ... given, that it had received its powers and privileges merely to put them in pawn, that it had given away to an irresponsible board its entire independence and self-control.

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