Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1905-04-06

Co.. when the combine is said to have
organized, was s20o,000.0Oo, and the
value OF Its capital stock was &c
capted at s75,000,0O0. II has branch
houses all over the east and west, and In
Europe. II has packing houses In st.
Paul, Kansas City, st. Joseph. st. Louis
and other cities. The death Of Gustavus
Swift and Philip d. Armour did not take
place until both men had seen the re-
suits OF their achievements In mammoth
packing plants, and ledger figures OF
millions. The control of the business is
virtually now In the hands Of ]. Ogden
Armour, who began work for his father
at SO week as clerk, and who now Is
the dominant factor In meats, grains,
fruits and dairy products In the United
States.
What the profits of the beef trust are
cannot be estimated, although Commits
sionsr Of Commerce Garfield, in his re-
port to congress. after investigation OF
the beef trust, gave them at 80 cents q
head for every creature killed. This did
not take into consideration the rebates
paid to the railroad, which rebates are
still matters for proof. Even J. Ogden
Armour declared he did not know how
much they were, and his statement is
not questioned.
Present Leaders Of the Beef Trust.
Whatever may be said in denunciation
Of the system Of the beef trust, no
charges are made Of lack of integrity, or
truthfulness, or Of immortality against
]. Ogden Armour. The operations Of the
trusts have impoverished farmers and
stockmen, have broken banks, have pre-
cipitated strikes, and have caused sui
cides, have ruined towns and cities, but
the personality Of ]. Ogden Armour is
that Of an interesting, manly and fine
type of American manhood. At his sug-
gestion railroads may dismiss the gen.
eral manager, and commission mer-
chants may be blacklisted and ruined,
for the beef trust is Unsuitable and re-
morseless, but ]. Ogden Armour Is re-
spected and cordially liked by the en-
ployes who know him, and although he
is hated in Wall street, among his
friends and business associations, and
fellow members of his clubs, he is popu-
lar and companion eagerly sought for.
Less is known of the head OF the Swift
& Co. corporation than Of the Armours.
because Louis F. Swift's home has al
ways been in Boston. He is more reti-
cent and exclusive than ]. Ogden Ar
mour.
Value Of the Plants in Combine.
The following are the figures at which
the various packing plants were valued
In the consolidation which Is called the
beef trust:
SWIFT G. co.
Cdpltal Zo,UUU,UUO
Annual business ........... 200,000,000
Stock value in merger ...... 75,000,000
ARMOUR & co.
Capltal .................. ZU,VUV,VVV
Annual business ........... 20O,000,000
Stock value in merger ...... 100000
NELSON MORRIS & co.
Capital ....................$ 5000 900
Annual business ........... $4,000, 900
Stock value in merger ...... 100000
CUDAHY & co.
Capital ....................$ 10000
Annual business ........... 15,OOO,O 900
Stock value in merger ...... 100000
Stocks and securities repre-
senting purchase from
Hammond & Co. and Oma-
ha Packing company by
Armour & Co. ............ 100000
Value in merger ........... 21.OOO,OOO
Stocks and securities repre-
senting purchase from
Fowler & Son Packing Co.,
the Anglo-American Pro- .,..
vision company, by Swift
& Co. ................... 5000, 1000
Value in merger ........... $4,000, 900
Total capitalization of beef
trust .................... POI, OOO, 900
Remarkable Display Of Genius.
The story Of how the present gigantic
power Of the beef trust was born and
nurtured has It's beginning In the char