The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1898-10-14


islature.
@. Are there any public. stock yards
IN the State to which this law applies?
A. Yes, the one at Kansas City
u. What reduction did the law make
In yardage charges?
A. 1t reduced the charges for cattle
from % to Is cents head, calves from
10 to 8 cents per head, hogs from to
cents per head and sheep from to
4 cents per head.
@. What reductionsdid it make in feed
charges?
A 1t eliminated the charge of 81 per
bushel for corn and 81 per hundred for
hay and provided that the company
should not charge to exceed 100 per cent.
above the market price.
@. Did the Kansas City stock yards
company comply with the provision Of
the law?
A. II did not, but went to the Federal
courts and secured temporary injunc-
ton against Attorney General Boyle en-
Joining him from prosecuting it for it's
refnsa! to obey the law.
Q. What reason did it assign for not
complying with the law?
A. It. alleged that the rates were not
compensatory. and that it would ruin it's
business.
Q. What did Judge Foster do in the
matter?
A. He appointed Judge Geo. W.. Clark
rs special master to take testimony as
to the cost and value of the Kansas City
stock yards, and as to the reasonable
ness of the rates fixed by law.
@. What did the special master do?
2 A. He proceeded to take testimony for
twenty-five days and made report
which was accepted and adopted by the
court
@. What does this special masters re-
port show?
A. First, that the Kansas City stock
yards company started out in 1871 with
q capital stock of $4,000 paid in cash;
second. that up to February 1, 1897, it
had expended upon the plant cash to the
amount of $2,484 800; third, that dur
ing this time it had drawn out cash to
the amount of $4,660,976; fourth, that it
had watered it's stock from time to time
until ii had outstanding stock to the
amount of 81, 1868 $50; fifth, that it's pres
ent value is SIS, 1856, 003.25.
Q. Does the report ofsthe master show
that from an Investment of only $96, 900
the company. out Of the earnings of the
q plant has expended 81, 484, 500, divided
! IN cash nearly two millions and han
and still has = propsrtz Worth sSyse S6SS;
lfisers % pay revenue!
A. It certainly doss.
@. Whose money built up this tremen-
6ous business?
A. The money of the men who ship to
the Kansas City stock yards.
Q. What does the masters report
show in regard to the profits Of the bust
ness for 1861 rl-r- n n ,.t +! - ,s
A. First, that the total receipts were
e1,012. 271.22: second, that the total dis
bursements7 were $365,71 leaving q
net income for the year of $646, 668.73.
Q. What per cent. Of profit would this
BE on the capital stock?
A. The masters report finds that It
would be 1886 per cent, but as nearly
100000 OF this stock represents moth
ing but water, the actual return is about
20 per cent.
Q. What does the master find that the
In the year 1896 had the legislative rates
been IL force?
A $345, 906. So. A rate per cent. of &. SO.
Q. How much OF saving would this
be for the year?
A. $300,651.77.
@. To whom would this saving be
made?
A. To the stock raisers who ship to
the Kansas City stock yards.
@. How would the business for 1897
compare with that of 1896?
A. The twenty-seventh annual report
Of the company, for the year ending De-
cember 81, 1897, shows that more cat
tie, more hogs, more calves and more
sheep were handled in the yards in 1897
than ever before, and that the business
Of the yards is growing. So that thds
one saving made by the Legislature will
annually exceed $500, 900.
z. What per cent Of the stock hap-
Aled in the Kansas City stock yar6s
comes from Kansas?
A. About 60 per cent.
q. What has been the result Of the lit
1gatton so far?
A. Judge Foster sustained the law In
every particular. The company then
carried the 'natter before Judge Thayer.
who also sustained the law in every par
ticular. and it has now taken an APP
Peal to the Supreme Court of the United
States whore it will probably b. heard
next january
=. What provision has been made to
protect the interests Of the shipper In
the meantime?
A The count, at the request Of Attor-
1ey General Boyle. has required the
stock yards company to enter into bonds
to return to every shipper the excess
charges over and above the law that he
may be required to pay during the pend
aAcy Of the suit, provided, Of course. the
law lie upheld by the Supreme court Of
the United States.
Q. What does this mean to che ship
per?
A. 1t means that the company will be
required to refund upwards of $500, 700
excess charges taken during the years
1897 and 1898 from the shippers, and
that nearly 100000 of this will come
20 the shippers of Kansas.
@. What are some of the results that
have already accrued to the shippers?
A. The company has made a partial
compliance with the law by making a
reduction on feed charges and on some
yardage charges.
Q. What else hss this litigation donef