Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1905-03-16
COMMISSIONER. GARF.ELD's RE.
PnRT
1t Is Found to he Favorable TO tho
Great Packers.

II Ia round to he Favorable 10 tho
Great Packers.
The report of Commissioner of Cor
porations Garfield on the beef indus
try, after about eight months investi-
CATION in Chicago and elsewhere,
shows thai there has been an enormous
amount of eXagseration in the state
ments that have appeared for some
time past in regard to the beef brsi-
ness. This Investigation was set on
foot by resolution of the House OF
Representatives adopted March Z, 1904,
and the ascertaineh facts after most
rigid examination of the methods and
general conduct of the business are
contained in report covering JOS
pages. Its figures and tables conclu-
sively show that the popular belief in
enormous profits made by the large
packers. such as Armour X Co. Swift
u Co. and Nelson Norris 4 Co. and
in the exclusive control OF the busl-
ness which many think they enjoy, is
really without foundation.
The report made to President Roose-
Welt by Commissioner Garfield is real
ly the first official statement of the ac-
tual conditions OF the beef business
that has been made, and as all the con-
illusions arrived at are based as shown
by him, upon data officially obtained.
there seems to be no reason why they
should not be regarded as reliable and
in all respects trustworthy.
This report shows why the price OF
both cattle and beef advanced to the
highest level ever known after the
short corn crop of 1901. and states that
because Of the decrease in number OF
cattle and also in decreased weight.
1.-THE high prices of beef which caused
SO much complaint among consumers
at this time We're attributable wholly
to these abnormal cattle prices
All the figures of the live weight
and live cost of all dressed beef cattle
We're obtained from actual killing rec
ords and all information Of every kind
obtained by the Commissioner was
voluntarily and freely offered by the
packers. all books Of record and papers
connected with the business having
placed at his disposal.
To make certain that the results OF
the investigation should be absolutely
accurate. the Commissioner states that
double method of ascertaning profits
was adopted and. without going into
detail here. it is found that the conclu-
sion arrived at shows an average profit
of 80 cents per head. The Commits
sioner says the close parallelism in
the results of the two methods of ascer-
tanning the profits confirms completely
the correctness of the general conclu-
sions.' 1t is clearly established that
"westcrn packers do not control more
than half of the beef supply of the
United States" the conclusion of the
Commissioner being that the business
done by them amounts to about 40
per cent of the total slaughter of the
country.
The whole report is extremely inter
esting and we'll worthy of careful Pc
rusal. AS an official report it may be
regarded as worthy of confidence and
it certainly leads the reader to the
\ conclusion arrived at by the Commits
sioner when he states that the capital-
1 iZation OF none of these concerns is
| excessive as compared with it's actual
Investment and that from thorough
! and rigid examination of original en-
tries in books and papers to which he
had access there was also indirect evil
dence that the profits of the packers
/ in their beef business are less than is
frequently Supposed as shown by
1 comparison between the total profits
and the total amount of sales.