The Barre daily times. (Barre, Vt.) 1897-1959, 1911-12-18
OF MEAT
MAY DROP
Chicago PaCkingtoWn Sees a
Quick Reduction
EMPLOYEES PREDICT DROP
As Result of British Governments Re-
fusal to Accept Bids from the
Trust-Brandeis Urges Same
Action Here.
EMPLOYEES PREDICT DROP

Chicago, Dec. ls.--A probable reduc.
ton in the retail price Of all kinds Of
flesh meat was discussed Saturday in
Packingtown as result of the action
Of the English government in barring
the men who are under indictment for
violation of the criminal section Of the
sherman antitrust act from bidding on
contracts for British army canned meat
supplies.
win this have an immediate effect
upon the price of meats in ChicagoY
This question was asked OF the Ar
mour, Swift and Morris concerns Satur-
day.
At Mr.. Armour's Office it was said he
had gone TO Lake Forest and would not
return until Monday. Edward Morris
also was absent from his office and Louis
+. Swift was at his Lake county farm.
But generally throughout the yards,
the employees Of the big packing firms
said the effect of the English govern
ment's action would be to lower the
values of cattle on the hoof and that
tbs would have its reflection in the
retail price of beef.
"The farmers will have to bear the
expense. Meats will be cheaper and the
producers naturally are the ones who
will have to suffer" said one man con-
nected with one of the large concerns.
Washington, Dec 49, Refusal by the
government to purchase supplies from
trusts under prosecution or claimed by
the department of justice to be in yio-
lation OF law was urged by Louis d,
Brandeis before the Senate interstate
commerce committee Saturday morning
The purchase Of supplies from such
trusts, the witness said, was an unwise
practice, tending to discredit the gov
eminent and raise doubt regarding
its sincerely in matters of prosecution.
The present practice of the government,
Mr. Brandeis said, ought to be prohibit
ed by an amendment in the pending
proposed legislation.
BY way OF striking contrast to the POI
sition of the United States witness EN-
phasized the fact that Great Britain
only few days ago refused to receive
bids for supplies for her army and navy
from the beef packers because another
government had proceeded against them
as Illegal.
Mr. Brandeis favored the creation Of
a commission, but was opposed to grant
ing it power to revoke license because
of the certainty Of great loss TO prop
crty if suddenly excluded from bus
mess. He favored some plan by which
corporations could be taken charge Of
their industry not interfered with and
business prosecuted in accordance with
the law, without resorting to drastic
methods amounting practically to con-
iiscation Revocation of license should
follow after careful inquiry, which could
be made only in the courts.
Finaneiers who deal in securities, he
said, would welcome anything that
looked to a limitation of capitalization,
as that would always enable them to
find a market for stocks and other Sc
curities
"'rhe people who to-day need protee
ton by Congress" said Mr.. Brandeis in
response TO a question by Mr.. Newlands,
"are the people; those who do not need
protection are the investors. The con-
test Is so unequal that all the powers
of the government ought to be exerted
in behalf Of the people"
Capitalization, Mr. Brandeis said, was
no factor at all in the "unconscionable |
extortion of the trusts"
"Take away the power to dominate
the market" continued the witness. sand |
your capitalization amounts to nothing.
IT is only when you have monopoly |
feature that capitalization becomes i'm
portant."
Mr.. Brandeis after two days and a
half of examination and expounding Of
his trust views was discharged by the |
committee at the noon recess.