South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-23
DIG INTO SIDE LINE
OF BIC PACKERS
CottonSeed Oil Plants, Cattle
Trade Papers and Real ES-
tate Are Some.
Associated press Service

Associated Press Service
WASHINGTON. Dec. Cotton
seed oil plants. Chicago real estate
and cattle trade papers appeared to-
day in the records OF the federal
trade commissions inquiry into the
packing industry as side lines into
which the control of the big pack
ers has extended When the in
quiry was adjourned over the hou-
days. Francis j. Heney. special
counsel. announced that subsequent
hearing probably in New York or
Boston, would deal with the pack
ers alleged control o. grain. fer
tilizers, dairying. dairy feed. butter.
substitutes. leather, hides poultry
and canned vegetables. none OF
which was touched on in the first
three days testimony.
H~vinE introduced evidence de-
signed TO establish the control OF the
Chicago stock yards and terminal
railways 10y the Chicago stock
Yards Co. OF Maine. promoted and
owned in large part by J. Ogden
Armour Of Chicago. and Frederick
II. Prince of Boston. Mr.. Henery de-
veloped today that Armour q co.
are interested also in II other stock
yards. II had been testified pre-
yiously that the Norris group OF
packers owned most OF the Kansas
City yards and that Swift was inter-
ested in the 81. Paul yard.
Charges Meat supply Controlled.
Mr. Heney charged that by con-
trolling the principal cattle markets
of the country. the packers are IN
a position 10 manipulate the nations
meat supply as well as dictate prices
TO both producer and consumer He
said that the large profits of the
stock yards and railway companies
came chiefly from the producers.
who pay storage, feed and haulage
charges. which constitute the bulk
Of the company's income
Records were introduced today To
show that other packers besides
Armour are interested In the Chi
caSo stock yards. Persons connect
ed with the Swift and Morris inter
ests appeared on the lists OF direc-
tors of the Chicago Junction Rail-
ways Co. and the Chicago Union
Stock Yards & Transit Co. operat-
ing the terminal railways and the
stock yards These companies are
owned by the Chicago Junction
Railways and Union stock Yards
Co. OF New Jersey. which in turn is
controlled by the Maine corporation
formed by Armour & Prince. Fred
erick W. Groll. treasurer of Armour
& Co. said he could not explain
why the other packers should have
representation on these concerns.
Admits oil Plant Interests
Croll admitted that Armour & co.
had large interests in cottonseed oil
plants in Texas. Arkansas and Ten
nessee and that Armour and Swift
were interested in cattle trade pa
pers in Forth Worth and Denver.
Millions OF dollars Of Chicago real
estate, known as the Central Man
ufacturing district. appeared in
list Of assets Of the Chicago juno
ton Railways & Union Stock Yards
Co. Mr.. Heney called particular att
tention to the assets OF this COM
pany because of representations
made TO small stockholders when
Armour & Prince gained control ~
the company that the company
property was in danger OF material
depreciation in order 10 get the
small investors 10 surrender their
stock and accept a guaranteed uine
percent dividend