Crittenden record-press., 1918-08-29
HUGE PROA7sYN
j. S. INDUSTRIES
Startling Facts Revealed by
Treasury Department.
WORST IS IN FooDsTUFFs
prohtserine by Producers Of Common
NsesssltIes, Bad Enough In 1915,
Was Enormously Increased In 1917
N Most Instances.


n Most instances.
Warrington, Aug. 17.-Amazing prof
h In almost every branch Of Ameri-
ean Industry were brought to light
when the treasury department COM
paeted Its long-awaited report on prof
lteerng.
The report covers 1880 corpora.
tions. the names Of which are with
held. II was prepared In response to
the Borah resolution, adopted by the
senate after President Wilson. In his
revenue address to congress on May
q, declared that there was abundant
fuel for the light" In the treasury de-
0artment with regard to prohteering
The treasury department takes the
position that II would be . violation
ef existing law to make public the
Games Of corporations and their earn
lnss. The senate resolution is not suf-
0cient to suspend the law; II would
sequirs q Joint resolution, the treasury
department. holds.
The most extraordinary proflteering
esvealed By the report was In food
stuns. Producers Of nearly all the
common necessities Of hfe were shown
. have made enormously increased
OsoAts In 1917 over 1915. although their
earnings In 1919 were In numerous
eRses far above the 100 per cent mark.
Meat packers profits were shown to
have increased substantially. One
Arge packer made SIC, 100000 more in
1917 than in 1915.
In the iron and steel industry sensa.
donal profits were disclosed. In coal
and oil profits mounted to unparalleled
egures. Public utilities Of virtually
every character also came In for lib
sral share Of the increased prosperity.
Large Profits Of paIrieA
Among the dairy concerns large In.
Geasss Of profits we're shown. One
company with 100000 capital made
1l6a.0Oo In 1917. against $4,000 the
tear before. The small dairymen
made the largest percentages Of In.
ereassd prontA One little concern
t1th 4 capital Of ta,40o made $ll.859,
- compared with $4,000 for 1910.
yfuit and vegetable growing indus.
NJ prodts Increased considerably
Svss tho0s for 1916, although they
WeeV fairly large for that yeAl. One
4pneesn's profits were 240 per cent
0ars fss 1S17 than for 1914 Concerns
VA small capital showed the largest
A1sassa
Wheat corn and barley growing was
~ % profitable, according to the re.
eosuA One concern with $A25,OO0 CAP.
1lal lost money.
0tock breeding showed substantially
1poeassd profit in nearly all the con.
tDns listed. The industry also showed
leres profits for the previous year
Qn> concerns profits were 255 Del
eept more In 1917 than in 1910.
4 large number Of industries listed
- miscellaneous agricultural indus
ndss showed some strikingly large
Deo6ts, beginning In 1919 and increas
hs rapidly In 1917.
Food Men Gain Rlches
OF 216 concerns listed under the cap
don Bread and other baking prod
eets," prohteering Of an amazing char.
Aeter was shown. For example, one
esmpany capitalized at $4,000 In
creased Its profits from $4,000 In l9le
b 100000 In 1917. Few Of then
sAowed increases Of less than 20 Del
esnt on their capital stock.
n the canning industry one com
peny which earned s77 per cent In
DIG earned l,o]1 per cent In 1917
Another. capitalized at 5000. mad,
t1O0o In 1917. against $4,000 II
I f0. A $4,000 concern which mad,
. 1000 In 1919 made $4,000 In 1917
TIE manufacture Of syrups, molas
- and glucose netted much Increased
Peo6t. One company with s3s0,OOt
npital earned s363, 900 In 10l7 agains
a76,000 In 1919. Ice cream was nj
especially big money maker.
OF more than 500 flour, feed nnt
01ist mills listed only few failed Z,
low largely increased profits On,
0bO0,000 concern made $4,000 II
Die and Sl.200 900 in 1917.
There was q general upward rise II
oost packing companies profits. Tn
largest concern listed had capital o
100000, 900, upon which II earned $40
100000 In 1917, against s30.O0OOOO Il
i9i8.
Startling Profits In Leather.
Leather manufacturers, including IN
oealers In hides. and makers Of boot
ond shoes and trunks and valises
snds profits In 1919 and 1917 that ar
seartling. One shoe manufacturer
esncern. with 100000 capital. mad
BIS per cent In 1919. but no excess q
lel7.
Scores Of boot and shoe manufa,
turing concerns. whose capital wn
3rom 100000 to $1,000, 900. made nj
enc way from 20 to more than 100
per cent In 1915.
The profits Of the brewers range,
from % TO 176 per cent In 1916. an,
their excess profits In 1o17 were fron
8 10 80 per cent. most Of the larg
ereweries making m average profit o