The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-07-11
FEDERAL TRADE COMMISSION
QUOTES SENSATIONAL FACTS
IN REPORT TO PRESIDENT
Big Five Now Hold Control in 574 Companies
Manufacturing Producing Foods, and Pro-
duce Deal in IT'S Commodities, Chiefly
Food-Control of Foreign Companies Rapidly
Extending Packer Domination Throughout
the World.

control OF private cars. cold storage
and a net work OF branch houses has
enabled them 10 extend their sctivi-
ties on a large scale into poultry.
eggs, cheese, butter. rice. breakfast
foods, canned vegetables. soda toun
tain supplies and other lines.
individuals OF the Armour family
are owners OF grain and elevator
companies, and Ogden Armour is
"A prominent factor In the American
International Corporation with It's
shipping and ship building interests.
It's Import aud export companies In
various lines It's interest Ia COM
pany organized to develop cattle rails
ing. meat packing. quebrucho extract
aud allied businesses In Paraguay. It's
control Of large tea importing COM
pany and a sugar machinery corpora
ton and Its minority stock IN the
United Fruit company.
Some OF Swift and Company
subsidiaries are growing tropical
fruits IN Hawaii. subsidiary OF Wi.
son ana Company Inc has reached
into the salmon fisheries Of Alaska.
and Norris concern cans shrimp
taken In the waters OF the Gulf OF
Mexico.
In England. France. Italy. Holland
and other European countries larg,
meat distributing companies have
been organized by the packers to sell
the meats from their plants in the
United Stabs. Argentina. Uruguay
Paraguay. Brazi aud Australia.
The big Five" the report said.
have control OF or Interest In public
utility corporations In Sioux CITY.
kansaa city. South St Paul. Portland.
Oregon: South san Francisco. South
81. Joseph. Mo. I'm City. MINI.
Forth Worth. Texas; and Chicago.
As TO financial power, the report
says IN part;
THE packer has drawn TO a mark
ed degree upon the banks OF the
country sor liquid funds. To assure
himself loans ample 10 his purpose.
the big packer hus secured affiiiatiou
through stock ownership representa-
tion on dircCtorntes and in other
ways with numerous banks and trust
companies. Mr. Armour. Mr.. Swift,
Ar. Morris. ana Mr.. Wilson are di-
rectOrs In banks affiliated closely
with those who are strong at tho
sources OF credit In the United States.
Being thus allied with the powerful
interests al the sources OF credit, tho
packers pIwars is great, not only Tor
financing their own national and i'm
tcrnational operators but for affect
ing for good or for ill the credit Of
cattle producers and Of competitors
Of customers IN any line
After reviewing the interest Of tho
I packers IN the leather. fertilizer cot
ton seed oil. grain and breakfast food
industries. tho report stid.
The reason why the packers arc
seeking control ofthc substitutes for
meat the foods that compete with
mcnts are obvious. II the prices OF
substitutes FOR meats are once
brought under packer control, the
consumer wiz have little to gain IN
turning 10 them for relief from cN-
ccssiVc meat prices.
Judged conscrvatvels 10y truIe
estimates. the big five handle at least
half OF the poultry eggs and chscas
in the mHin channels OF Interstate
commerce
Recently the big packers began
dealing In various staple groccrioB
and vegetables. such Ak riue. puiato,B.
beans and coffee and increased their
sales az such ~ rate that In certain
lines they have become factors Of
great moment"
Referring to the packers actiyi-
ties IN South America. the report saii
that from establishment Of "a singh"
plant In Argentina in iaO5 10y Swift
ana Comnpny. the business OF the
Morris and Wilson. had developed hy
/ 1917 until for that year they export
ed h7f per cent ~ all exports 0i
/ frozen ana chilled beef quarters from
Argentina and Uruguay,