Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-12-19
MINIATURE ALMANAC.
December IL. 1912
BIG FIVE WILL QUIT
MANY TRADE LINES

CONTINUED From First PaFc)
subs diaries or tho individuals who
own and control the parent companies
and their subsidiaries 10 obtain vast
profits from the management OF the
privileges appurienan: thereto. which
profits are realized not only upon the
.yesiock purchases by the packers,
peittors, and have thus enabled them
10 enjoy and realize such prohts with
on; the same appearins or being Dis.
companies: and otherwise 10 further
the attempt OF said parent companies
Ire nSnoSs ,ad ' ns,tic fs 'nSn:rGI t
ilt!matc p".ce when tie consumer
pays for mcs, and meat products
Controlled Men, Substitutes.
Tho investignt.on demonstrated :nat
even with p-actica! monopoly OF the
supplies Of meat. in the countlry The
defendants without the control OF
substitute foods To Accomplish this
purpose. .the defendants awaited them
the automobile t-ucEs -oute cars.
branch houses and storage warehouses
owned Or controlled oy them. The
contro! Vas cXteaS.Yely ana rapidly in
crcasinr.
IN ,the. n!teen Yeas. t-om 1909 TO
l'i9' swift & Co. h-inou. & Co. VII
Ing. Company. according 20 ;heir finan,-
c:Ri reports. grew iron ne. worth
worth OF approximately st7a.o6o.o0o,
aasa dividends ,!e5,aoG,6or. 6ri% sss..
e"r."'o 81 .;heir increased worth was
.cnresented IN capital Though al
~ays asserting very low rate Of
nrol. u sale, ,hs a,s narent com.
;heir. ccmh:ncc .c: profit :or ,tia has
ssI.l!t- nearl! The amount OF their
s'Tes IN a..ecr years have increased
pr;tl :ror ~. :.scaI year 1913, they
.sached lie vast sum OF s3.2oe. 100000.
THIS was rta!izea from meats sub
herein before s., forth.
Made Other Vast Profits.
In addition 70 these profits. there
have been other vast nrofi,s, difficult
S y51l By yir,ge 81 si5hsE Their per.
ana slauchter!nc companies. Or their
interests n siocE%a.ds, terminal rail
roads; renderins eompan!es. cattle
Tine Parent corpa ales.. OF tho ,nd'-
maintain ana control 57t corporations
or concerns. including 13l trade names
Insy have a signiiieanr minority sock
!ntrEesf o: unknown extent IN an adj
cinoai nincty-threc Thus the total
asve con r. e@ or 4 aeme '9s
practically AL OF tncse companies
however. come under inc jurisdiction
the a; above nen r'ie de f ia'ns %
The principal agents in sitting
compet!tion IN the unrelated lines was.
IS h*= been stated, tho fact that the
distributing system OF the great pack !.
ers was m efficient and cheap way OF
handling: not possessed by their COM
pc;i,ors."
Necdcr Takes Different View.
Waiie NJ. Palmer views tho packers
Submission = the governments couten-
Lions ae surrender Henry Neede :.
counsel for swirl & 90. announced that
INC step was taken al the suggestion
OF thc Department OF Justice 70 avoid
any app"GrincC % diitagOnlz!nE the
government and TO remove causes OF
friction with livestock producers and
tocd distributors Emphatically Mr..
N"cde- stated that the decree was not
- bc construed az an admission tina;
sWii, x 20 had violated any law
Tfhc COMPANY feaelg tina; 'hc same
fnir.t which caused The business men
Sae:ihscs % "in the war nc said ''is
Just As essential during this period o
/ TeGons ;rlGt!on ~ then, and, there fore
! meets the request OF the governrnen,
! ii1g ne sacrifice o: its own interests.
! Inc company has consented TO the
/ upon the expressed condition that I,
snooId In TO many words rccite Tia
/ the decree does not adjudicate that the
company -hs Violated any law OF the
A'toFney-Cienera! Palmer said tia,