Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-03-25
Seven Smaller Compaies Are
Organized Into an Alleged
Independent Concern
OWNED BY TRUST INTERESTS
Armour Swift Morris Companies Will
Control the new Concern, Altho it
is Given Out That the New Com
pany Will Compete With Them for
Western Business.

Chicago, March 25.--Official an
nouncement was made yesterday of the
organization Of the National Packing
company, a s15,o0O,0o0 concern, com
posed of the smaller rivals of the Nor
ris- Armour Swift interests, which We're
bought by the big three" last year,
when they We're planning the organ
iZation of the beef trust.
This move was construed on La Sale
street as forerunner of the bigger
merger to follow, which was abandoned
last summer owing to public criticism,
the opposition of the Federal courts,
fear of hostile legislation, and the
unfavorable condition of the money
market. Taken in connection with
the report that the Armour. Swift, and
Morris interests had renewed for two
summer. the forming of the new com
pany is taken TO indicate that the or
iginal plan to bring all the packing
interests under one head, has not yet
been abandoned
j. z. Lyman, president of the Ham
mond Packing company, gave out the
statement of the National company
yesterday afternoon. Included in the
deal are:
The Omaha Packing company
The Hutchinson Packing company.
The Anglo American Provision COM
pany.
The United States Beef company.
The Fowler Packing company
The corporation was chartered under
the laws of New Jersey few days ago.
The directors are as follows:
j. p. Lyman, j. Ogden Armour G. f.
Swift, Edward Morris. p. A. Valentine,
Arthur Meeker. L. r. Swift e. r.
Swift, Ira Morris. all of Chicago, and
James ID. Standish, and Kenneth X.
McLaren, of New Jersey. All the di-
rectors except the last two are officials
OF the Armour Swift Morris Compan-
les.
Will Be independent.
According to the statement made by
Mr.. Lyman yesterday the new concern
will be run independently OF the big
rivals in the home and for
eign markets. AS it is owned by the
Swift Morris interests it's ri
ralry must needs be of a very friendly
kind. In fact, the control of these
smaller constituent companies was alb
necessary for the maintenance
Of the price agreement. which was
known to exist between the
big three With them eliminated or
brought under one control the "big
three" will be known as the big four.
l number much more easily handled
han when they were all competing in
lependently.
When the smaller concerns We're pur-
chased last year the Armour interests
the Omaha Packing company
If Chicago and Omaha, ,the Hammond
and the Hutchinson Pack
ng company of Hutchinson, Kan.
owned by the Omaha company. The
Swift people took over the Anglo
American company of Chicago. and the
Fowler company of Kansas City. and
he Morrises bought the United States
Beef company of New York and st.
Louis. Three OF these concerns have
plants at the stock yards, the Anglo
American and the Hammond and
Omaha companies.
Injunction Causes Delay.
The combining OF the larger COM
oanies is being held back because of
he Federal injunction restraining the
packers from forming a combination
n restraint of trade. AS soon as this
obstacle has been removed, and should
10 other arise, 1t is expected that the
anger merger will follow. The name
adopted by the new company is COM
orehensive enough to take in the big
.hree," and they could be accommo
lated by increasing the capital stock of
he National Packing company to $780,
100000, which was the amount talked
II last summer.
According to Mr.. Lyman. the new
expects to do at least $780,,
100000 worth of business the first year,
which would indicate that he does not
expect to be hampered seriously by
he big three" He said the enterprise |
vas formed as an investment" and
hat the fact OF the main stockholders
being the owners of competing concerns
would not affect it's independent man
age ment
KANSAS WHEAT is GOOD.