The Sentinel=record., 1917-12-23
ARMOUR COMMENTS ON INVESTIGATION
DENIES THAT ARMOUR PACKING COMPANY CONTROLS THE
 STOCK YARDS COMPANY.

Chicago, Dec. 22.-J Ogden Armour
 head of Armour and Company. com menting tonight on the iuyestieation or the packers now under way before the federal trade commission, made Inc following staI ement;
 Agents and examiners of the fed eral trade commission have been given access and have been diligently at work for the last two months go- Ing over the books and records of Armour and COmrany in accordance with which it was furnished with an swers to questions prepared by the commission setting forth in detail fun information of our corporate organi- zation and business and our interests in subsidiary and auxiliary corpora
 lions, including the Chicago Stock Yards Company. Thus the thinking public will not be misled into beliey- ing that this was anything that We have endeayored Co cover up or was information only brought Co the atten- ton of the commission at the present Washington hearing, as the press dis patches indicate.
 In 1910 Mir. r. + Prince of Bos- ion, who for many years had the con
 rolling force in the Chicago Stock Yards, visited Chicago and asked me if l would join him in a syndicate of capitalists in winch ! was to have a one fifth interest which was to ac- quire by purchase the common stock .ot the Chicago J notion Railways and niOn SHOCK Yards ] agreed to take and pay for sucl an interest and did on my own individual capital, in the same manner have taken interests in banking and investment syndi- cates during the past p years, and as any investor iE the country would do, having belief in Chicago as a live stock center and in the natural in- crement in value that would accrue with its development. I acted in con junction with no other packer and such action can never be construed in any way as anything which might or can affect the cost of Armour and Company products any more than the investments ] hold in banks. railroads .or other stock yard companies.
 This syndicate under Mr. Prince direction, subsequently, resulted in the formation of the Chicago Stock Yards Company in which l acquired .one-fifth stock interest and promptly transferred the same 10 Armour and Company No other packer ever ac- q1ired or had or now has. any stock in the Chicago Stock Yards Company. AS shou,d be judged from the rela
 tive size of that Oue-tifth in crest, Armour and Company have not. aud cannot control the company, have mad no voice in it's management nor have been consulted in directing it's policy
 It seems to me highly inconceiyabIe that any one can be led to believe seriously that my individual action as tempt 10 Gnd a way 10 cover mp pr conceal alleged ilegitima profits for Armour and Company in any wise a-- fecting the cost of our product our company annual business or over S5000HY.0oJ when careful reading of press reports of the testimony at Washington disoloses that all we have ever received from our iuvestmcn. was s8SSaU quarterly in dividends
 For tho information of the public let me add that a stock yards coni- Ipany is not engaged in the purchase ! sI . in operating pHolic market place ! where buyer and seller may meet and transact blsines- and renders a dis unct service for which a uUm.ua. i charge I4 uade'