Albuquerque citizen. [volume] (Albuquerque, N.M.) 1907-1909, 1909-01-08
OFFICIALS AFTER
THE BIG PACKERS
There VIII Probably be Further In
veStigdtion Into the Methods
of Fixing Prices and
the Old Rebate
Fight.

Washington. d. c.. Jan. S.-The
United States begins the year of 1903
with 1882, $4,000 in gold and sill
yer in the treasury. OF this amount
nearly $S60,OOO 600 is in gold and over
S494, 900 coo is in silver,
There are in national bank depos-
itaries nearly $121, 1,OOO. coo of Uncle
Sans money.
The available cash balance is $685.
C0O,OOO.
So, Notwithstanding the extraordin-
airy expenses in the United States
proper. in the construction of the
Panama canal, in the Philippines, in
Porto Rico, in sending the greatest
fleet of war vessels ever assembled to-
gether, around the world. the United
states starts the year 1909 in very
strong financial condition, far ahead
of any nation in the whole world,
And now the greatest and strong
est war fleet is in position to perform
an act of mercy to a friendly nation
in it's great calamity that shall dem
cnstrate the brotherhood of nations
as well as the brotherhood of man.
Many millions have been called
from the treasury in 1908 which Will
rot be called 10 meet similar expenses
IN the year of 1909. The receipts for
the first half of the year 1909 are
about $4,000, 600 less than in the fis-
cal year of 1908 and the expenses for
the fiscal year of 1909 for the first
half has been nearly $50, 100000 more
than in 1908. This shows an appar-
ent deficit for 1909 of about 100000
900 over 1908. For the month of De-
Cember 1905 the receipts are about
what they were in 1907, and the eN-
Lenses are but a small amount more
than in 1907. Thus with the receipts
getting close to the expenses, and
with an available cash balance OF
Sl6S,OOO.OOO to draw from, it would
cause no serious disturbance of the
country's finances if a few millions
of the $121,O0O0O0 now in the ma
T., nal bank depositaries should be
distributed among the people. Con-
fdence is being restored and the coun-
Try assuming normal conditions.
After Big Packers.
Government officials are authority
for the statement that by four agen-
cies the packers have the meat pro-
Guce of the country within their con-
rroI. and they are having almost as
great control over perishable fruits.
By a clearing house" all prices are
said to be regulated. The department
sf justice IS investigating the report
that every day in violation Of the de-
clsions of the federal courts and the
int 10 m
avs. agents Of the packers get to-
gether in saloon adjoining the
stock yards. i'm Chicago, and there dis
cuss prices until the consensus OF
opinion is learned
one man is the Judge When ne is
.atished. he proceeds directly TO the
OFFICES Of brokerage firm. where he
makes bids. An understanding as to
how these bids shall alter quotations
makes it easy 10 make prices. This
plan IS said to have worked per-
fectly since 1906. Rebating is be-
lirved to have existed in new and
elusive forms. Great sums allowed
hackers annually for losses through
wrecks. delayed transmissions, track
demurrage Overcharges, and car rem
tails" are thought TO be- disguised re-
bates.
Weapons against competitors are
said Tn be refusals to supply cars on
the ground of inability, actual de-
avs in transmission, and eXtortionate
rreshipping charges for Icing" cars.
Fruit raisers i'm the southern states
nud I'm california are said 20 have
roen refused cars until in many cases
they paid prc-iciug charges as high
- S1lI 2 car Millions OF acres OF
,afTb 'IuI I'm Texas. the DakotHs and
ether western states are said 70 be
Reld i'm the name of individual mem
sers of the packing corporations.
Hhe most effective means to the prac-
seal monopoly on the food supply is
- ia TO be cold storage houses, Dur
tng the late butter famine" that
cent wholesale prices up 10 40 cents
q pound 10000 600 pounds we're in
storage.