Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-12-21
BIG PACKERS SHARE IN PLUMBER
!NAUGURATED az NEW
CORPORATION.
THREAT TO MOVE STOCK
YARDS MERE HoLDup
Clerk on Ordinary Salary Puts Over
Deal Thru Which Terminal Railroads
Were Held UP and Swas Divided
With Packers, With Armour Getting
Liberal Profit-Cut Big Melon.

disclosures Of high finance" between
the Chicago packers and the stock
yards and terminal railroads there
and promises OF more to come-featur-
trade commissions investigation 10
get at some of the innerrnost causes Of
the high cost of living.
Backed with an array Of facts and
figures gathered by trained invest!ga-
tors working under the new s250,090
fund recently appropriated by con-
gress, Francis J. HeneS, in charge OF
the investigation for the commission,
began cracking one sensation after the
other.
Yesterdays session had wholly 10 Go
with big corporation in which 81
SEQ clerk was the medium OF forming
an IS, Go0, 690 corporation which tooA
the risk of the Chicago stockyards and
terminal railways being moved farther
west and developed testimony 10 show
how the packers in return, TO use the
language Of one of the participants got
their share OF the plumber" and took
their "pickinss."
Armour Got Big Share.
J. ogden Armour. II was said, got Al!
the profits over 3 per cent.
The point OF the whole transaction
as brought out by yesterdays tosti-
-rony, was tina, the packers were
threatening 10 move away from Chi
caEo; that a corporation was formed
TO take over the stockya-ds properties
and assume the rikS OF their becoming
valueiess and that as result the eno--
nous profits Of the Yards and terminal
equipment was divided with the pack
e-s SIS an !nducement TO them 10 con-
tiaue their business n Chicago and not
move farther west
While The testimony deal; only with
that phase OF the packing Industry Il
YES said the com mission IS in posses
son Of facts which will broaden the
Investigation 20 show whether there IS
10. 9 gigantic organization n practical
control o. the country's food supply.
Get Inside Of Story.
The inside story Of how the Big tran
sartiou came about was laid bare by
the introduction as evidence Of letters
passing between the organizers Of the
boiling corporation and the stock
holders Q, chs companies which Tor
merry controlled the yards and the
railways.
yors letter SAID the directors fearing
z court decision against the reo-Ean-
sza.lou plan were anxious to get IL thru
before the 6sciSon came down
LAno.he- telling the reasons for the
organization % the new company, saic:
For a long time some OF the western
railways have been sccsayoEng 10 IN
Suce the packers 10 move west, anc Il
mas only l.esa On account o. pecuntaly
considerations which your company
mas given tas packers from time 10
time that they have remained IN Snl-
csso. Suit taas rox been entered 70
proven. further JtayDsnts Of this sort
an6 Ii ADDITION there IS bill pen
IN the Illinois Legislature - regulate
tie charges made ~ yo1- company.
Cav. Packers Control.
-C,ier -1ess circumstances y |ss
.rocgr. Dese 10 form nev company
whna would sos controlled BY the PACE
ere and z thai Hag glse them pc
cun-a-y tl.syeg :. yozr Company
Il which would make u worth while fo'
them u tur, ali possible business over
% me gynlpzly. Therefore, ire -
COMPANY. conroseS Of the packers
nave agreed e sas stoeanolders Of he
Chicago Junction railways and Union
STOCK Yards Cou11uy arcso. tne
proposition. 70 guarantee . Per cent Oh
the Eoock which e now paying . oe'
cent " 70 give s2@g Il s,s- cslt oo1ds
tor sacaa Enace IT s.o.ck- which z-npHnl u
10 10 csr cea- ot -bs s.ock
InLgres. 81 the pzcks-s =. the coun-
+ry's etoc. yardS s1Lso6s also 70 Kan
sa-s Clty. according 10 z. =. P Tssrsr
president II the C.zss Ea-toaz1 Bs2k