The sun. [volume] (New York [N.Y.]) 1833-1916, 1912-07-21
BEEF TRUST O|SSOlWS,
ITS ASSETS DIVIDED
National Packing Go. Gives
Statement Of DisintegratiOn
to L. s. Attorney.
HE SAYS IT MUST BE REAL
District Attorney Insists Gov.
ernment Will Accept No
Paper Dissolution.

CHICAGO. July 20.--The National Pack
ing Company has been dissolved. A
formal statement showing the method
Of distribution Of the company's assets
was presented 10 James H. Wilkerson.
United States District Attorney. at q
conference to-day. The dissolution 10
subject to the approval Of the Federal
officials.
Counsel for the packers assured the
Government prosecutor that the dis
Indignation OF the officials OF the National
Packing Company already has taken
place and that complete details will be
presented within the next few days.
Assets Of the central organization Of
the packers have been distributed 10
the following manner:
Tho q. II. Hammond Company is taken
over by the Swift interests.
The Omaha Packing Companys plant At
Chicago. the st. Louis Dressed Beef and
Provision Company and the United Dressed
Beef Company Of New York are also &C.
auired BY those in control Of Swift 4 Co.
J. Ogden Armour takes over the following
subsidiaries Of the National Company:
The Fowler Packing Company:
Anglo American Provision Company and
the New York Butchers Dressed Beef Provis.
ion Com pany Of New York.
The Omaha Packing Company plant at
South Omaha is taken over by Morris / Co.
"There has beeu Q similar division Of
branch houses and selling agencies
throughout the United StAtes." according
to the statement issued by Mr.. Wilkerson.
based ON the packers report Of dissolu.
ton.
"There will be no mere paper disso-
luton Of the National Packing Company.
sAid Mr.. Wilkerson
The plan that the packers have pre-
sentsd must contain an absolute provi-
sion for tho dissolution Of al the assets
Of the National Packing Company. In
other words. the disintegration OF thd
assets Of the holding company must be
Q real matter and no provisions that would
sfterward develop into . paper disso-
luton will be sanctioned until there haa
been an outright division Of the property
Of the company and there ID 40 Joint
ownership ON the part Of the interests
which formerly controlled it or any oi
its property"
The property Of the National Packing
Company has been distributed among
its stockholders In proportion to the
amount Of stock held by each Of them
1t il represented in the statement sub.
mitted to Mr.. Wilkerson that a to abso.
htely none Of these 10 there any joint
interest a. Characterised the National
Packing Company and its subsidiaries.
In other words the National Packing
Company he's wound up its busines,
and its assets have been Distributed
among its stockholdsrs. It u expected
that the complete details - TO the die
position OF this property will be ready fol
submission within . few days.
The National Car Line Company. oper
ating the refrigerator car syatem Of tn
packers. likewise has been dissolved b
accordance with the scheme provided.
Announcement Of the dissolution fol
loweda . conference to-day held at the ofiac
of Mr.. Wilkerson with Attorneys Alfred r
triton. Ralph Crews. NJ. ". Border
and Henry veeder. representing tn
packers.
Whether the plan OF distribution o
dissolution will meet With the approve
Of the Government il not yet known
Tho matter will be formally presente'
to Attorney General Wickersham an
he will act ON the proposition.