The Bridgeport evening farmer., 1911-12-27
MANY MILLIONS
 TO CAPITALIZE
 PACKERS TRUST
VEEDER, FATHER OF THE BEEF BARONS, ARMED WITH CON- TRACTS AND RECORDS,
 TAKES WITNESS STAND.
AFTER HARRIMAN'S REFUSAL, KUHN, LOEB & co. TOOK UP FINANCING SCHEME OF
 MEAT MAGNATES.
Especial from United Press )

Chicago, Dec. 27-Albert H. Veeder, father of the packers trust,'' resum- ed the witness stand, today, in the trial of the beef barons, armed with new bundles of contracts and records which the government attorneys will place before a jury.
 The chief of these are the contracts leading up to the formation of the Kenwood and Aetna companies, known as the blind pigs" of the early pack CTS pool. It was through these cor porations that the packers were en- abled, the government alleges. to con trol the price of all dressed meats. Retaining control of their own plants and acting independently, according to the government attorneys, under cover of these companies they dom mated the industry prior to the for nation of the National Packing Co.
 Federal District Attorney Wilker> son stated at the opening of court that he would spend week, if nec- essary, in introducing evidence of a historical nature regarding the con- nection of the packers with each oth- e.
 Veeder's testimony and the records he produced show that for four years prior to the final combination of in- terests, the packers sought a consoi1- 0dtiOl WlliCu lliSy were utldDi0 u per feet because Of the enormous load of watered stock they intended to car- ry. In 1902 they were forced to aban- don their plans, after each had pledg- ed $1,000,000 in securities for the com bine, because B. H. Hartman and other capitalists refused to contribute 9O.OOO.O00 to a scheme capitalized at $750. 0.0O0. 900 and which carried less than $20O, 900, GOO of actual values.
 Harriman's refusal and shaky finan- cial conditions forced the packers to continue with their Kenwood and Aetna companies until the time was ripe for the National Packing Com- pany, a corporation described as a combination of odds and ends,'' and into which were merged all the sub- sidiary selling companies of the trust magnates.
 Under examination by Attorney Pierce Butler, for the government Veeder produced the records leading up to the formation of the National Packing Company which showed that, after Hartman had refused to advance so, COG, 600 for a beef combine in June. 1902. the packers took the question of financing up with Kuhn. Loeb & Company, Jacob H. Schiff, and the Stillman Standard Oil inter- ests and, in Dec. 1902, these interests advanced sufficient funds to enable the packers to take up their options of all the properties they had se- cured. Six months later, the National Packing Company was launched.
 Attorney Butler brought out that Kuhn. Loeb & Company and the Still man interests advanced $15, COG, 900 for the formation of the combine The packers contributed $8,0O0oO0 to the combination but they were forced by the eastern financiers to pledge all of the properties they sought to merge, capitalized at over $500 GOO O(lO with Kuhn, Loeb & Company as security for the loan. The $15,000,0OO was re- paid within three years Accordine to District Attorney Wilkerson. the government will show that the loan was repaid out of hidden profits