Omaha daily bee., 1912-07-21
HOW PROPERTY IS DIVIDED
Omaha Plant at Omaha Goes to the
Nelson Morris Interests.
ARMOUR GETS THREE PLANTS
Fowler, Anglo-American and Butch.
ers' Dressed Beef Company.
STATEMENT FOR THE PACKERS
Branch Houses, Selling Agencies
and National Car Line Companies
Cars Are Divided on
Pro Rata Basis.

CHICAGO, July 20.--A formal statemen,
showing the method of distribution OF
the assets Of the National Packing com
pany with a declaration that the com
pany has been dissolved was presented tc
United States District Attorney James
H. Wilkerson today.
Counsel for the packers assured the
federal official that the distribution OF
the assets had already taken place and
told him that complete details would be
presented soon.
The plan Of distribution adopted by the
owners Of the National Packing company,
which was regarded by the government
as an instrument used to control the
meat industry will be carefully scruti-
nized by federal officials and If 1t meets
the approval of the attorney general, will
be allowed to stand. Should it be OBJ
jected to changes may be made or court
duce compliance with its desires.
Distribution of Assets.
According to the plan set forth by
counsel the assets of the National Pack
ing company have been distributed in the
following manner:
The G. H. Hammond company is taken
over by the Swift interests.
The Omaha Packing company plant at
Chicago, the St. Louis Dressed Beef and
Provision company and the United
Dressed Beef company of New York are
also acquired by those in control Of Swift
& Co.
J. Ogden Armour takes over the fol-
lowing SllE Sidia riaS Tho uI Iar Do Iii,
company, the Anglo-American Provision
company and the New York Butchers
Dressed Beef and Provision company of
New York. -..,.-- ..-.-...-. -.-.-. .-. -.-...- r..
The Omaha Packing company plant at
South Omaha is taken over by Morris &
Go;
There has been a similar division of
the branch houses and selling agencies
through the United States, according to
statement issued, by Mr.. Wilkerson,
based on the packers report of dissolu-
tion.
The statement further declares:
1.-THE attorneys for the different stock
holders of the National Packing company
state that the division Of the property of
that company, in accordance with their
plan to wind up business, has been prac-
tically completed. There has been an
outright division of the property of the
company, and there is no joint ownership
on the part Of the interest that formerly
controlled it. The property has been dis
tributed among its stockholders in pro-
portion to the amount of stock held by
them.
''It is represented that as to absolutely
none of these is there any joint interest
such as characterized the National Pack
ing company and its subsidiaries. In
other words. the National Packing COM
pany has wound up it's business and its
assets have been distributed among its
stockholders"
Details Ready Soon.
Mr.. Wilkerson said that complete de-
tails Fof the distribution of the property
would be ready in few days. In addi-
ton to the dissolution of the National
Packing company the National Car Line
company, operating the refrigerator car
system Of the packers, has also been
dissolved and the cars apportioned to
each Of the stockholders, the district at
torney was informed. The announcement
of the dissolution was made after a con-
ference between Mr.. Wilkerson and At
torneys A. r. Urion, Ralph Crows, M. w.
Borders and Henry Veeder, representing
the packers.
Mr.. Wikerson declined to express an
opinion whether the plans Of dissolution
would be approved by the government.
"All we ask" said Mr.. Wilkerson, "is
that the packers dissolve, and dissolve
in reality and not on a paper basis. |
Whether the present plan will be ap-
proved by the government cannot be de-
termined just now