Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-10-18
PACKERS INCORPORATE
Charter Issued in New Jersey
to the United States Pack
ing Company
THOUGHT TO BE THE MERGER
Scope of the Organization Is Very
Wide Including Raising of Live
Stock, Packing, Shipping and Every
thing Connected With Live Stock,
Poultry, Butter and Eggs.

New York, Oct. 1S-A charter was
obtained in New Jersey yesterday for
the United States Packing Company
with a capital of s1,o0o,000, one-half
preferred and the other half common.
1t was believed in Wall street that this
lis the charter for the new packing
coordination which will take in Armour
& Co., Swift & Co, Nelson Morris q
Co. and Cudahy Brothers, but this was
fatty denied in Chicago.
The charter is very far-reachin2
one. 1t states that the object for
which the corporation is established
is to buy, sell, raise, breed and deal
in CATTLE sheep, poultry, game, fish and
all other kinds of live stock; to es-
tablish, erect, purchase, lease and oper-
ate slaughter houses, abattoirs, pack
ing houses. stockyards, markets and
butcher shops: to slaughter and dress
cattle, poultry, game, fish, ETC., and
to engage in and carry on a general
packing house business.
TO buy, sell, manipulate and deal In
both wholesale and retail commodities.
articles and things of the kind which
can conveniently and properly be dealt
in by the company.
To buy, sell and otherwise acquire
for the company, cattle ranches, farms
and pasture lands. To engage in gen
eral manufacturing, also in transpor-
tation of goods, merchandise or pas
sengers upon land or water. in building
houses, structures, machinery, vessels,
boats, agencies, cars, side tracks
switches and all other equipment fol-
the transportation of goods and pro-
ducts, build and carry on business IN
connection with wfarves and docks,
steamship lines vessels and other lines
of transportation.
TO acquire, utilize, develop and oper-
ate water power or steam power plants,
telegraph and telephone lines for use
in connection with the business and
the business of others.
To manufacture purchase or other
wise, goods, merchandise or personal
property of every class. TO acquire the
good WILL property rights of others
and the liability Of any personal or
firm, association or corporation and to
pay for the same in cash, stock or
bonds Of the corporation or otherwise.
To operate or raise money without linn
it and to the amount by the issuance.
of bonds, debentUres or other negotiable
or transferable Instruments. To pur-
chase, hold and issue sureties of the
corporation.
The charter permits the conpanJ
to operate in the United States and
other countries.
The corporation will issue capital
stock to the amount of s1,OOO,00O, di-
vided into 100000 common stock, and
100000 preferred stock.
Plans to Pay Six Per Cent.
The preferred stock shall be issued
as and when the board of directors
shall enable the holders thereof to ua-
ceive out of net earnings a dividend
at the rate OF per cent, payable semi
annually before any dividend shall be
set apart for the common stock, pro
vided, however, that the dividend on
the preferred stock shall be cumulative.
In the event of the liquidation or
dissolution of the corporation, or the
sale of all its property, the preferred
stock Shall not participate in distri-
button of the assets upon any other
basis than that enjoyed by the COM
mon stock.
The very broad character Of the
charter is what gave rise to the belief
that 1T was asked for in behalf of the
proposed packing combination The
charter is issued in the name of dunn
my corporations employed by the
Corporation Trust Company. and the
attorney for the corporation is John
w. DeKay, of 226 LaSalle street, Chi
cago.
The stockholders are Horace d.
Gould, Frederick K. Howard, and Ken
meth Is. McLaren, clerks in the Jersey
City Trust Company's office.