Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-01-15

Heney declared that the packers APP
portion tho business for the stock
yards on percentage basis and urged
the passage OF the kcndrick bill which
inc committee is now considering, for
the control of the stocks by the gov
eminent. lie snid that with the stock
yards under their control. the packers
exercise complete monopoly over the
packing Industry and buy and sell as
they please and at their own price.
lie related how the business men of
81. paul gave 100000 TO Armour TO
establish branch in that city AVID
Swift and exactcd from Swift Il prom
Use ia divide the control of the stock :
yards.
DON'T LET Anything:
GET AWAY FROM THEN
"rhcy don't lrt anything get away
from them" Iteney added. They con-
troll everything even down TO tho fer
tilizer and they fix the price on every
bit OF meat that goes into the consum-
crs mouths. II an independent ships
cattle to Kansas City. for instance,
that fact is Immediately telcgraphed
70 the agents of tho big packers In
Kansas City. or ic the shipment is
split and part is sent TO Chicago. that
iact is also wired. If business is done
ny shipper under an assumed name
the pig i've agents knew the pens
the cattle Gene from. and their CON
troi OF the stockyards gives them power
20 sec TO IL that when the cattle reach
Cnlcago. Tor instance, there is no buyer
on hand except those who will not
go - Owe certain price. and the ind..
pthteht loses money on the deal
Commission men who are supposed
10 represent the public are absolutely
INUNDATED and are afraid to call their
souls their own. II is a skin game
pure and simple, if you will pardon
the expression. and the five packers
went INTO i; because they were Jealous
n In "a Il. 4
another"
EXPLAINS IN DETAIL
HOW PLAN WORRIED
Heney explained in detail how T.. y
i,,rlhce. OF Boston. assisted Armour i'm
!, !, ne ne formation of the holding corpora
!, company in Chicago First,
me me national packing company was
formed RI IN New Jersey; which acquired
If stock was not sold The common
brokers Employed e dabE BY Frinap" per cent, but
said Heney, bought it at ridicuiousIv
n nw p so@a BY I'm mf,rrepresentation spend
purp9Ae. Having secured a major.
iiaSi ineS announced the formation Of a
iiboso'ng G191mim,ittee and then Informed
tion would be formed Which e0t would
give in return for each s1O0 OF stock
S2oo in bonds Of the new co:porution
Maine. W
PAY BACK FUNDS
no MAINE COMPANY
Armour aud Prince put in 81 600 ono
as the capital for the Maine corpora
tion iicncy said. hut few DAYS later
Withdrew IL. They got all but three
shares of the common stock lie CON
lihueu, ana when they got il they
stsneu an agreement which assigned
20 inc Name corpora ton all dividends
III excess OF per cent. Prince and
Armour exchanged part of the stock
d i0n bonds, getting s2.OS5.0O0 for ST.
oou.ooo or stock in the New Jersey
corporation. They sold $1,000. 900 OF
tne bonds to the junction railway run
ninS TO the stockyards for cash and
me balance of 100000 TO the New
Jersey corporation for cash
Ihat gave them more money than
they mad put INTO It," said Hcnev.. !.anI
they stu owned ali The stock. After
ln"N sold these bonds and had the
G - IN their pockets: they said. What
- me use or leaving these bonds
mere mere: SO they declared u bond divi-
Hend IN FAVOR OF the New Jersey cor
p"ration: ana as none OF the New Ter
i he:ond per cent. i; was nassad
back 10 the Maine rorporation W:ith
=, ne result that the Maine corporaiiom
had the s2,hS5. 900 in bonds hack IVA
armour aud Prince had the cash in
their pockets. 1t is the mos; bare.
raced .swindie that ever came 10 nv