The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1919-01-10

Holding Hear'Hgs on Sims
e'' es,rticipation of Finaneiefs'
n'nipd. Now Fully Proved
be own Wilson & Co. Direct
|'p1 .ss. Proof of Buying and Sell
NV Wv - Organized Consumers
|'lop Tpr.nst-La Toilette Fights for
EpI an Taxation-Flays Reac~
|' ,,,'iss Of Both PARTIES
|. ,incton, D. ca month OF
'' p hearings upon the Sims bill
I u .,noent ownership or regula-
4bo stockyards and the live
W ..o+ing facilities Of the coun-
. nrospect. The federal trade
.;an has Just issued the second
/ |1 , It's report on the Big Five
and the members of the
|'a .ommittee on interstate com
' 'ra reading with bullying eyes
/. s, ~ told in the BLACK :, Book" Of
. .',rst conferences Of the sup
wv, ~ ,ompeting meat kings, and OF
~ ,5;,b.banded robbery of one of
r soyaI families of beef and pork
/ lcsnJIzbergers-by a gang of New
|. 5,,kers in league with the
l. armour crowd. This report
II add to the interest of the
:, as the committee members
sor begin to ask intelligent
Eagressman Dewalt of Pennsyl-
i hos been the first member OF
.mmittee to indicate anxiety
/ u hackers be done a wrong. lie
II, +be hackers to get a chance to
soir side Of the story. Chairman
assured Dewalt that the Swifts
,rnours and Morrises and Cuda-
]. ,nd Veeders would be welcome.
l. viii have to answer a few CUES
l. Of course, and it is not to be
Tsted that they will escape with
/ challenge to show up the letters
/, ho federal trade commission was
I4Hen by the federal courts to
] ave from the Veeder vaults. If tie
Isy are ready to tell what they
/ N about some Of those letters, the
|rr will get some startling in
|naaon concerning the political
Igs Of the Big Five.
FNANCIERS ON INSIDE
n this second section Of the report
/ the packers, the federal trade
mission finds that "The acquisi-
!. Of control Of Sulzberger & Scrs
by powerful American bankers
II its transformation into Wilson 4
], Inc, is Of Importance in its bear
/ upon the history Of the packer
combination and the tendency
gd further monopolization Of The
/ b industries of the United States
other surplus food-producine
#ntieS."
traces the development of tn
4 Big packing family fortunes
nor, Swift, Morris, Cudahy anc
@lgger-until the financial diff
les Ct the Sulzbergers in 1911
b an opportunity for the banker
aia control of the firm. In JUNE
lat year contracts were signet
the banks by the Sulzberger
gave the bankers control of tn
2gment and also the privileg
Il aEng one-fOurth of the stock .,
ats on the dollar. In March
the bankers squeezed their vic
further, so that new contract
1 given, giving so per cent of tn
to the Wall street crowd a
~ this price, and changing til
F Of the concern to Wilson & Ci
Salz6ergers remained merely m
~ stockholders.
lae i've New York banks thu
alned with the packing combine
through this control of one c
operations in the combination
aphn, Loeb & Co.
J. ssaarant5 Trust Company.
sase National bank.
Villain Solomon & Co.
|. 5algarten & Co.
ne history Of the Wilson dea
'hginal documents published
T.. l'oloEing pages is significant
i Shows that the monopoIist
i, ! Of the packing combination
@ped by the entrance into it of
aol banking group"
a. Monopoly Proved
n ~Fger part Of this section
ueat report is given over
H.. snlary proof Of the deve1o
4 aao present existence of t
w pool, and evidence of it's {
- usSs IN dividing up the busine
H. Vie Big Five packers, and
II Oh agreements in other hr
h,a ness. After some rs pae
iice as to the livestock pc