Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1911-12-29
Albert H, Veeder Attorney For
Swift, Witness in Government
Suit, Gives Details of Its Or
ganizatiO1 March IS, 1903,
BEGAN WITH CAPITAL
OF FIFTEEN MILLION
Giant Merger of Beef Cor
porations Originated in Fer
Tile Brain of Lord Pennure
Gordon English Promoter

IBy Morning journal Special feased Wirel
Chicago Dec. 2S-Albert H. Veed-
er. who today continued his testimony
in the trial of the ten Chicago pack
ers before Judge Carpenter in the
United States district court gave de-
tails of the organization of the Ma
tonal Packing company which was
formed March is, 1908. and which
the government contends was the in
strument used by the indicted packers
to fix the price of meat,
The witness said that this corpora
tiop. which was capitalized at S15,-
00dO00, was formed by the merging
of thirteen companies and their sub
salaries and that the properties We're
paid for in stock Of the National
Packing company. \ list of the COM
panies ana the amounts paid for them
by the National Packing company was
given by the witness as follows
stock Yards Warehouse company,
$3.50, 600
Anglo American Provision and Re
frigcrator Car company $360,000
Kansas city Refrigerator Car com-
pany, $l300 600.
FoVlers Canadian company limit
ed, $4,000.
Friedman Manufacturing company
100000,
G. II. Hammond and company, So
SEQ, 600.
st. Louis dressed Beef company,
$2,10O,oOO
Hammond Packing company ST.
600 0O0.
omaha Packing company $1,000
GOO
Hutchinson Packing company,
100000
Anglo-Amcrican Provision COM
pany 100000
Fowler Packing company $780,
600.
United Dressed Beef company ST.
1000.
Mr.. Veeder said these companies
we're all purchased by Armour, Swift
ana Morris before Michael CudahN
was taken into the combination. lie
said all the men who sold their plants
agreed not to engage in the packing
business again for fifteen years.
Have you any more contracts or
agreements used in the organization
of the National Packing company
asked Special Counsel Butler.
About three bushels, but nothing
you would want" replied Needer'
Lord Penmure Gordon, an English
promoter. first suggested the merger
of the packing corporations with q
Capitalization of S923,000,O00, accord
ng to Mr. Veeder.
THE English promoter visited the
United states early in 1902, called on
G. +. Swift, and suggested eonsol'-
dalion of the packing companies
Mr.. Swift rejected the proposition
urt several months later conference
of Chicago packers was held at Which
the preliminary plans for the merger
We're agreed upon and steps iater taN-
en- to finance 1t.
This preliminary meeting was at
tended by G. r. Swift J. ogden Ar
mour. Edward Morris and others.
1t was the third day for Mr. Neeo-
err, attorney for Swift ana company
ON the stand.
Objections made by counsel for the
defense TO evidence which the gov
ernmcnt seeks to introduce regarding
the operations Of the KenWood com
PAN, ana the Aetna Trading company
halted the packers trial late this al
ternoon and caused Judge Carpenter
to excuse the jury, pending leSa'
arguments.
The government contends that li'e
kenwood company which was organ
ized hy the packers in 1900 ana con-
tnued in business until 1905, was one
of the alleged pools used to market
thu packers by-products. 1t is aIleg-
ed the Kenwood company dealt I'D
oleo ana the Aetna Trading company
in the same period dealt in castings
The government expects to sho"
that the Kcnwood company protlls
were $t,000,000 in one year despite
tho fact that it vas only incorpor-
atcd tor $4,000. The profits OF tho
Aetna Trading company are all'Seu
to have been proportonately large.
Hy making an inadequate allowance
for these by-products in figuring the
test cost of animals slaughtered, the
packers were enabled to keep the
profits Of the parent concerns WITHIN
reasonable limits, according to the