The Lamar register., 1903-08-05
srocxmEM TO BUILD BIG PLANTS
Meeting Held at Kansas City De-
cIdes on Organization.

$o,0O0,0OO corporation which VIII
establish independent packing hons-
es in the leading live stock centers
of the West were completed at a
meeting stockmen Of the country
held in Kansas City on Monday and
Tuesday of this week. Charles F.
Martin, secretary. of the National
Live association, and one of the pro
moters Of the company, returned from
Kansas City yesterday. He an
nounced last night that the plans for
launching the gigantic enterprise
had been outlined at the meeting
and that the project WAS an assured
success.
Another meeting is to be held in
Kansas City on September lst, when
the company will be incorporated
and the stock books opened for sub
scriptions. Already pledges have
been secured for large amount of
stock and active work on the con.
struction of one or more of elephants
will be started Immediately after the
September meeting.
Mr.. Martin probably will be one
of the officers of the new company.
The names of the other men who
will head the corporation will be
withheld until after the September
meeting.
The new enterpris, ls being form
ed for the purpose Of establishing
competitive market in the various
stock centers, and while it is not the
announced intention of the promot
ers to "buck" the packing house com
bine, the new company will natural
ly be direct competitor. The
principal object of the organizers of
the new company is to insure compe
tition for the stockmen and incident
ally te permit the stockmen who are
stockholders in the new company to
enjoy some of the large profits which
it is said are now being made in the
industry by the houses in tho com
bine.
"We have enlisted the leading
stockmen of the country in the new
venture" said Mr.. Martin, "and will
have all of the money needed to
launch the enterprise quickly and in
Il thorough capable manner. We
have several propositions from var
ious towns along the river concerning
the establishment of plants. The
best is bonus of 100000 and 900
acres of land worth $500 an acre.
Nothing will be done about the To-
cation until the September meeting,
and we may then decide to build
more than one plant. We think in
dependent packing houses will bene.
fit the stockmen throughout the en-
tire country and will make money
for the men who are interested in
them as we'll Our principal object
is to establish competitive market
and thus increase the prices which
are paid cattlemen for their stock.
"The condition as it is at present
needs remedy. The price on e1-
port steers now is about SIS. 40 per
100 where it was formerly 81 and 50.
On the other hand dressed beef sells
2 cents a pound higher than it did.
The buyers for the houses in the
combine establish the price in every
market and the stockman must &C
cspt that price or keep his stuff.
ave do not intend to try to wipe
the combine off the earth but we do
intend to force the price up by leg
itimate competition if it can be
done"
To prevent any possible merging
of the new company with the COM
bine 81 per cent of the stock will be
placed in escrow or otherwise safe
guarded so that the company must
remain independent.
One of the independent houses
probably will be located at Pueblo.
A new company known as the United
States Packing company was formed
several months ago to build plart
there and bonus was offered for
its construction by the business men
of Pueblo.
If their promises are fulfilled the
plant will be built. The stock will
be owned by men who are interest
ed IN the big corporation and will
either be held independently or
merged in with the big company