The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-12-22
PACKERS GOBB[E
MANY MILLIONS
PAID HUGE SUMS m sfOCkYARDs
COMPANY. AND CONSUMERS
SHOULDER LOAD.

washinston. Dec. 2s. 80 Senatorial
disclosures OF high finance" between
the Chicago packers nnd the stocllyards
and terminal railroads therc-and prom
les al more. % nome--features the lively
aessieas OF tbs, federal trade commission
invcsti CATION 90 get at some OF the IN
neriuost causes &C the high cost OF liv'
sng .,..' .t.... i.fa
BACKED with an array. OF facts and
figures gathered by trained investiga-
tors working under the new S25O.Ooo
fund recently appropriated by congress
Francis J. ieney. In charge OF the In
vestiyation frr .;the committee. began
cracking Sne sensation after another.
Today's session had wholly 10 do with
a big operation In which Se.5OO clerk
wa, the medium of'forrnlng an $1,000
900 corporation which took the risk or
the Chicago stock yards and terminal
railfoads being moved farther west, ana
developci testimony to show how the
,packcrk 10 return to use the Language
OF S,is Of those participating, got their
SHIRE of 'thet"pluBderH and took their
~p,skin,a,"' y Ogden Armour. II was
sad got al the profits over nine per
cent - '-'
80 Packers Threatened.
Tile point OF the whole transaction
thar the packers were threatening TO
move away from Chicago; that cor
poration was formed 20 take over the
s,ock.as-ds properties and assume the
s-isis OF their becoming Vaiueless and as
"A result the enormous prohts OF the
Sarig ma terminal equipment were di-
xfici with the packers as an induce
mcnt To them TO continue their busi'
ness IN Chicago aro not move farther
west
tt was said the committee Is in pos
session of facts which will, broaden the
investigation to show whether there Is
not q gigantic formation in control oil
the country's food supply.
Tho inside story of how the trans
action came about was laid bare by the
Investigation as the result OF letters
passing between the organizers of the
holding corporation and the stockhold
ers OF the companies which formerly
controlled the yards and the railways.
Telitale Letters.
One letter said that the directors
fearing n court decision against the re-
organization plan, should get 1t through
before the decision came down.
Another letter. telling the results OF
ssie arst organization of the company
said
,.,,ra,,ds ba,,e hoe, erdeacorine TO i'm.
,,,,,a ,h. raclrers 70 vnove west and IL
t.s.s o,,I,- Roo, on account Of the pecun.
To-, cons,dera,jons which vo,Ir company
t,a ,;,,aa tbe naclers from time 10 time
that they have remained in Chicago.
suit has now been entered to pre-
A., adai,ior there Re a hin nendinc in
49,. IuinoIa ,esisla,i,re 10 regulate the
,.hsr,as rnaae hv your comnanv I'm.
49,. she c;rc,,matonces n was thought
-. 20 forn neu cnmnanv. which
.-a,,,d no co,trolled nv the packers.
80 - he. yyav give them a uecuniary
s..,.-as. ~ ,,onr comnapy which would
,nsLo ~ worth v,biIe for tben TO turn
~, ,eo.,s;,,,a hus;nase ovar 10 tho com.
-,
aT,erefore tho now companv. com.
...a' ~ th. nackare has agreed IL
~ s.,o.L,,o,d.rs ~ tho Chicago .Junc.
60. pa;,,ma,,s and JInion Stocl<vards
r,,,s,, ancs,,, the nronosition to euar
on,ao Linaty ner cent On stock which
a. -. rsa,,;,,g aight ner cent or to
,,,,,a conn IN Ave ner cont bopds for
oh s,,ara ~ stocll which amounts 70
sn,, ,ar cont of Tho stock"
plat to Denress Stocl,
a. ona t;,ns ranewal of tbe leases
.,.,,h tha naclrers cost tbe stocxvards
,ss 90 mn ma an bonds acordinp
-. l'sa.,,.s. Iat,ar signed hy Noseley
- ca,rran,, Tho letter said that each
tirne The contracts were renewed, it
WIZ "uoo.io'i a, VI Nv"