The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-03-25
BEEF COMBINE CHARTERED.
NATIONAL PACKING COMPANY
STARTED IN NEW JERSEY.
Has Capital Of aIs. 900. 900 and Includes
Principally the Hammond Concerns
The Leading Packers Are Directors
Supposed 10 he the "Beef Trust"

Tue Leading Packers Are Directors
supposed 10 he the "Beef Trust"
CHICAGO, March 24.-Onicial announce
ment was made to-day by j. p. Lyman.
president Of the @. H. Hammond Company
that his company with others, had been
Incorporated In what Ia to be known as the
National Packing Company. The capital
stock is SIS. 900 900, all Of which, It Is said,
has been paid in. The companies included
In the new combine are the Omaha Pack
ing Company, the Hammond Packing Com
pany, tho G. II. Hammond Company, the
Hutchinson Packing Company. the Anglo
American Provision Company, the United
States Beef Company and the Fowler Pack
ing Company.
The corporation was formed q few days
ago under the laws Of New Jersey. with
the following directors. j. p. Lyman.
j. Ogden Armour. q. F. Swift. Edward
Morris. p. A. Valentine, Arthur Meeker.
l.. F. Swift. E. F. Swift. Ira Morris, James
D. Standish. Kenneth X. McIaren.
This combination, with its millions OF
capital. includes only two companies in
the stockyards. the Anglo American COM
pany and the Hammond company. The
others are outside concerns.
According to Mr.. Lyman, the National
Packing Company has for its object, aside
from killing and packing cattle and hogs.
the ambition to reach the fields Of America
and Europe and compete with the Armour
Morris-Swift combine. As all the COM
panies included in the National company
are controlled by the Big Three this
proposition seems rather dubious. The
new company according to the formal state
ment, expects to do a business Of $50 00o-
600 annually.
It is declared on La Sale street that
the combining OF the independent and
smaller companies is simply the first step
on the part Of the larger packers TO get
complete control OF the meat market.
TRENTON, N. j.. March 2.-The Ma
tional Packing Company was secretly in
corporated here last Wednesday.
Accompanying the fling OF the charter.
which was first recorded in the Hudson
County Clerks Office, came a request that
the incorporation be kept q secret. and 10
carefully was this observed that when
the corporation clerk was asked for the
papers, 1t developed that he had hidden
them so securely that it entailed long
search to discover their whereabouts.
The charter itself differs little from thous-
ands Of others on file here. except for a
provision limiting the mortgaging power
10 a two-third vote OF the entire capital
stock Of the corporation, with the further
provision that In case there are two classes
OF stock thirds vote OF each class shall
be required. With this exception the
charter takes advantage Of ihs act Of 1901
providing that any action heretofore re-
quirinR O two-thirds vote Of all the stock.
OF the stock actually voting u any regular
or duly called meeting.
The board OF directors Is authorized to
appoint an executive and finance COM
mittee The registered agent OF the COM
pany is the Corporation Trust Company Of
New Jersey, OF is Exchange place. Jersey
City. The charter provides for the imme-
date issue Of only common stock, but pro-
vides that preferred stock may be created
and ice ued in such quantities as may be
determined in accordance with the laws OF
the State.
The charter sets forth that the objects
OF the company are: TO produce. manu-
facture and otherwise prepare and 10 buy
.ell. store. transport. distribute and other
Wise acquire, dispose of ana deal in any
and all animal and vegetable products and
commodities Including meats and pro-
yisions), and any and all articles and things
in which. or in the production or prepare
ton OF which. any animal or vegetable
produc, or commodity Is an ingredient or
factor. and also any materials. supplies or
products which may he used in connection
with the manufact ure. production, prepare
ton. use or snlc ~ any 81 the PRODUCTS.
commodities. articles OF things afors,sid.'
The information tina, the National Packing
{ ompany H. the much talked 81 Beef
Trust = wasreceived a. the Secretary Of
states ofices, the time ~ the incora-
tion