The Republican. [volume] (Oakland, Md.) 1877-current, 1918-09-19
PROFITS ARE HUGE
M'ADoo's REPORT SHOWS THE
AMAZING SUMS MADE BY
U. S. CORPORATIONS.
F0ODSTUFF MEN THE WORST
Producers of Most of the Necessities
CT Life and Concerns in Nearly All
Branches of Industry Branded as
Prcsteers.

Washington, Aug. 17.-EH9rbitant
and amazing profits made in American
industry in 1916 and 1917 are shown
in the report just completed by the
treasury department on 31,5G0 cOrpo-
rations. The report was prepared in
response to Senator Borah's resolution
adopted last May. The names Of the
concerns are withheld.
The treasury department takes the
position that II would be a violation
of existing law to make public the
names of corporations and their earn
inGS. The senate resolution is not Suf-
ficient to suspend the law; 1t would
require a joint resolution, the treasury
department holds.
The most extraordinary prOfiteering
revealed by the report was in food
Stuffs. Producers of nearly all the
common necessities of life were shown
to have made enormously increased
profits in 1917 over 1916, although their
earnings in 1916 were in numerous
cases far above the 100 per cent mark.
Meat packers profits were shown to
have increased substantially. One
large nocl,er modo s1ooao 600 mara in
1911 than in 1915
!, tba iron and STOOL fn1u.trv ea,eo.
ttonal profits were disclosed. In coal
and oil profits mounted to unparalleled
t;cures pul,Ifa rtiIitins of ,.;,..u,rI,.
every character ais, ca,,a in fer - sb.
eraI share Of fine increased Drosnerity
LARGE Profits ri Da;rjos
Anoro thn d,irv concerns I.r,a in.
creosas of nrorts v.ore shawn one
co,nn,nv with 5000 Olo c,ni.,l moI,
S1GfQoO IN 1917 orainst eo1no9 tha
wear before Tn, smolI d,ir,,nau
made thc Iarga.t narcant,ges of IN.
creased profits. Ona little concern
with capital OF $500 made Sll.Go",
as compared with $4,000 for l9lj.
fruit ana Fe@Ptaole growing lHdHS-
uNS pFoHjS increased considerably
over those for 1915, although they
were fairly large for that year. One
concerns profits were 240 per cent
more for l9lI than for 1915. Concerns
with small capital showed the largest
Increases.
Wheat, corn end barley growing was
not so profitable, according to the re
turns. One concern with $42J, coo cap
itai lost money.
Stock breeding showed substantially
increased profit in nearly all the con
Germs listed. The industry also showed
large profits for the previous year.
One concerns profits We're 30 per
cent more in 1917 than in 1916.
A large number of industries listed
rs miscellaneous agricultural indus
tries" showed some Strikingly large
profits, beginning in 1916 and increas-
ing rapidly in 1917.
Eood Men Cal, Rioba,
oeo,c
.,oo ..,.oo'' aa, ' n,,' "l'uI. '''T o'l
,,o+s, anoetao"iao " ~ ,'.',,.' p .i'
9 paol't1l'ns VI "a, '' 'l ''''''-
~ ,.' n,no 0'lN
,u-''p'l,' O"p'e'.''De'' a. ' oa w,
ISL l.S i!oi,H o from 2'"'o'o III i''o
,ho,,.aI ;nonaaa.a - ,..', 49,, On ,.'',
cent on their conitaI stack
In 1hn GINNING industry ono cOrn-
n0ny which earned 377 nor cont in
1910 earned 1047 ner cent in 1917.
Another. c0nitaIIznd nj Sg3 900 modp
so47 coo in 1917 oootnst SGG coo IN
1916, A S5O0GO concern which made
s25 O0O in 1919 made $40 ono j., 1917
The manufoctura Of svruns ,noI,s-
SOS and glucose Melted much increased
profit One comnanv win $40 ool
cun;taI earned s3G3 600 in 1oI7 AGAINST
s1IG 600 in 1918 lee cream was an
esnocIoIIv big money maker
Of more Than 200 Aour food and
grist mills listed only q few failed 70
show IarraIv increosad nrofi+s One
$1,000 900 concern made SI5o eco in
'' ~ anu Y''-0'OO0 III i'i'
IL