Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-01-28
4 CORNER In LARD.
Seeking Legislation to Keep Up Prices
Under an Anti Adulteratiou CLOAK,

Seeking Legislation to Keep Up Prices
Under an Anti Adulteratiou Cloak.
Philadelphia Times. Jan. Il, less.
WASHINGTON, Jan. l6.-There is much
talk in he hotels here, in the Hobbies OF
the Capitol, and, in fact, wherever men
meet, about 8 schema 10 run 3 great
corner in lard st Chicsgo IN September
snGsa ;to5er next. Oae would think that
We vi had enough OF orners the past
few Years, especially in food produc s..
The recent coffee corntr in New York is
not yet forgotten. But the speculator is
Unsuitable. He cares nothing 70. the
public distress, provided he can himself
seize upon the dollars. Only during
the past week the papers have contained
Items regarding the renewal of the litiga-
ton growing out of the celebrated Nc
Geogh lard corner in Chicago and Mil
Waukee some five years ago. It is gen.
orally understood that Mr.. John PIsnkin-
ton OF Milwaukee, attempted to "corner"
lard agsin year before last, though he
was not successful, although lard is one
OF the favorite footballs for those who
mske business of specializing in "cor-
ners."
The present packing season in Chicago
5egan November /. 1t was soon found
thSt the run Of hogs would be light and the
yield of lard small. The stock of lard on
hand at the opening of the season was
next TO nothing. The watchful specula-
tors seized their opportunity and had lit
lie difficulty in advancing the price of
lard ABOUT ] / cents per pound. As there
sre $50 pounds to S Iierce this means the
very handsome profit OF $3.50 8 package.
This csme so easy that plap was form
ed looking ahead 70 a grand "queez :"
ntNt fail The largest aud leading Ameri-
can houses in Chicago declined
to enter into the scheme. It
EQgtis1 concerns in the packing
ousiness a. the Chicsgo stock yards
ard tits understood that the CARLY Scotch
man, Old Peter McGeogh, is sgsin in the
zeal. The partnership apparently includes
stIeast one eastern house and lobbyist
mere. The name Of the LOO 1yist ia said TO
De himbsll, who halls from Boston. The
Cuty CT the Boston and Washington part
ners is to secure some legislation which
is essen'ia' TO the success Of the corner,
ard i wss the want Of this same legisla-
hon that busted" McGeogh in his form
er corner
when McGeogh was running his previ-
Gus deal ne wss swsmped by the shrewd
packers, VINO proceeded to melt hogs
whole in the lard kettle When the
corner price OF lard was - cents per |
pound, as side meat was only cents pei |
pound, the packers commenced to fry out |
81 their side meat into lard. And not |
Only this, but the head and feet and en-
1salIs were al run into the lard tank.
Ids ls history. La the lawsuits that re-
suited from the McGeogh fixture these
lac.s appeared in evidence.
Now the legislation that the good Mr..
n moall wants in Washington is 10 bene-
L. me dear public sud protect them IN
pure" lard. But the wicked say that
Iaf. himball is working for secret ring,
aua making cst's paws Of those who &C
sept MS specious explanations ss "pure"
gospel. They say thst Mr.. Kimhal's
crowd have no "purer" object in view
Iaan to benefit their own pockets and
TSouench their position in the lard corner.
10 distract public attention somebody
JUS allowed the price Of lsrd to break
1oWn again half or three qusrters OF g
.ent per pound, and it is now selling at
'oout cents. This is not cheSp, be-
.auSe lsrd ranged below 6 cents per
'ound ell through the year 1886.
Now, il MIR. kimb,l en- / his friends &c
.umplish such nice little scheme they
nlgat corner the market snd force the
zee up to u or Is cents. Suppose they
VOTE It only TO y cents, the same as NC
lsogh did before; then the profit is SIS
~ uerce. The stock In Cnicago which
ae syndicate or "trust" Or "blind pool"
sould naturally expect to own would be
ot less than loo, 900 tierces, making s
VA " profit OF 81 5000 to come out