The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1911-12-29
oieo on Trust That Had Capital Of
But $4,000 and Made s4,-
100000 In Ono
Year.
PACKERS WAxED RICH
Trial of Beef 5arons Brings Our
Some Of the Get Rich Quick
Schemes Of the
Men.

CHICAGO, Dec. 29.-After listening
for four hours to the arguments of
the attorneys over the question OF the
of evidence concerning
the activity of the packers in the
Kenwood company, a party of the al
legged beef combine, Judge Carpenter
in the federal court today ruled that
there was no question before the
court and ordered the examination of
Witness A. f. Veeder to proceed
Judge Carpenter refused to rule on
the abstract question as to the admiss-
ibility of evidence concerning the
company, an oleo concern,
under the indictment charging a
monopoly of fresh meats, but declared
he would rule upon objections to
questions as they were put to the wit
ness.
Veeder was then recalled and the
government announced that it had no
further questions to ask
! Attorney George T. Buckingham for
the packers began the cross examina-
ton of Veeder.
When the federal court con-
vened today Judge Carpenter was
still hearing arguments of AT
i torneys John s. Miller and Levy
/ Mayer for the packers, commenced
last night, that evidence regarding the
/ pool operations in the kenwood and
4 Aetna Companies was not admissible
i iheca5lse II was not covered ia the IN
i dictments. These two concerns 1T IS
charged by the government were
used as blind pigs" through which
the allied packers operated in certain
: departments of the industry while still
ostensibly on an independent basis.
The Kenwood Co., it is alleged, was
, the old "Oleo Oil Trust 1t was in
, corporated in 1900 with a capital OIL
I $4,000 1t made $4,000,000 profits in
: year and declared dividends OF
l more than 1000 percent week.
: These. of course the government
!, claims were hidden by the ingenious
h methods of it's promoters.
Z That the packers, in their frenzied
y efforts to quickly organize syndicate
in 1902 when they called upon Wal
street for help, were driven by the
fear that they would soon be forced
s. to compete with a world combine o.
Is British interests, has also been estab
j. lished, according to the government
t. contention Veeders declaration tina
e Gustayius Swift hurried home ant
-s told his colleagues of the scheme out
c. lined by Lord Panmure Gordon il
II London for packing syndicate deyel
,r oped the fact today that British
1t agents We're already here looking owe
is the ground and that the approaching
1T of Swift was feeler. Swift reailze'
Of the danger and headed off the Eng
lie lishmen 1t also developed that tn
packers quickly invaded the Britis
IL as we'll as the Canadian fields. In
t. contracts or options on nearly scor
IN of corporations of the Fowler an
Il Hammond interests brought them tn
I'd control of the Mitchell Company, limi
lie ed, and killetts Limited, both doin
lie an immense business in Great Britai
lit and ireland while the Anglo-America
n covered the Canadian field. Only tn
I'd enemity aroused among British cap
10 talists, according to the government
th prevented the Chicago beef baron
IS from gaining a beef monopoly in I'll
on British markets and supply.
le- Arguing for the packers Attorne
Lg. John Barton Payne, declared the a
mission of evidence regarding tt
Kenwood and Aetna Corporations
:. the packing combine would be pr
It's posterous as the indictments chart
RS only monopoly in the fresh me-
,e. business, whereas the Kenwood Cor
Ca pany was engaged solely in the OLE
as Oil trade.
he Attorney Miller who followed hi
les declared that if the kenwood Coz
tu- pany is permitted to figure IN toe tri
lat the packers might also be held I
Job holding conferences regarding t
wages they were willing to pay the
employees
That the question is of utmost il
e. portance in the trial is admitted.
mel the court upholds the government
to- contentious, inquiry may be made
to to every activity of the packers
or collateral industries. such as refrigel
,ut. tor transportation, oleo monopolies a
the the sale of all the numerous by-prt
ent ucts of the packing industry. In
ing of these, 1t is alleged, the defendaI
his combined to fix prices and limit $,
ply.