Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-02-28
MUST DISPOSE OF
OUTSIDE HOLDINGS
Forced to Sell Stockyards, Cold
Storage Plants and Barred
From "Unulated Lines"
BARRED FROM RETAIL TRADE
Decree Involves Complete Re
organization of Industry With
Assets of More Than Billion.
BARRED FROM RETAIL TRADE.
tBy Associated Press.1


WASHINGTON. Feb. 81. Divorce
mcnt of the packers from all business
not directly related to the packing OF
meat was made mandatory today
through signature by Chief Justice Nc
Coy, in the District Of Columbia Su-
prcmc Court, of decree filed by Al
to.ney-Gencral Palmer with the con-
currcnce of the packers.
The decree, which must be carried
out within two years. affects eighty
seven corporations and :o-ty-rioe in
dividuals. OF which Swift 6 Co., Armour
II Co.. Morris e Co.. Wilson & Co. ana
the Cudahy Co. are the major members.
Attorney-Gcneral Palmer. in fling
the decree, explained to the court the
terms under which the agreement be-
RS was reached. When he concluded, Il
Joint statement for all the defendants
Coy signed the decree. saving that ns
the parties were in agreement there
was no question to determine.
WIZ DencHt the Public.
= In his statement to the court, Mr.
Palmer said the decree was "sweepinw
il pubIis ToulS a If g. hjsGIS. iS. 6eneheia 10 the
The decree. which the Department
OF Justice has brought about by urgent
insistence." he added, "is designed TO
crease the opportunities for individnal
Initiative in business which must In
time bear good fruit for public well
W mrhoSe tn, ,sg great asgregations of capital
MWhlch nave come to be known as tho
SO many lines OF trade that their con-
,,nusd and unrcstrained growth consti-.
iuSSd s5S real menace not only to Amer
sumfng public as we'll. f--' - -
Sweeping Effects OF Decree. illy,4.s
-, ~ ndeE the decree entered today the
sldiaries and principal stockhoiders san, ass
compelled to sell preferably TO live.
stock producers and the public:
MI their holdings in public etock-
Al their interests in stockyard rail-
roituS and terminals.
All their interest in market news
papers news
:, "a. nAlI l. their ,s interes. in public cold
IS necessary for their own meat prod
ucts a. ~
re,aii rihiey n.at are barred forever from the
They arc barred forever fron, ,,eo,-
i1s In lines which include
dried, dr. or salted ,dsh; fresh. f dried ahea or
cannea epns%od ,sslse, Vegetables: fresh, canned.
%Gnsi. %Wmtsr fountain supplies. molasseas. sas
Spices. spices saaees mms 5fiii.ies and preserves,
chocolate. cocoa. nuts, flour. snpor ~, i.
iinl, ana cereals twith certain limited eSe
crp cit 80 :" III iespect TO cerealS), bread
ma.GEaroni, cigars, china, furniturei fiieett,' ctt.
evcr rheS sSo arc re- required to abandon for for
route cars and auto trucks, comnp;sins.
.hSlr distribution system. for any ofhn,.
Inan nn. their own meats and dairy prod.
Food Monopoly Cited.
Ihcy are required TO suhmit nar
biSdings q Il 10 In inc courts injunction for
or ina al, an the defendants from directly
"a mi inf
.ion or conspiracy with thcmseives a..
amy aiiy other person or persons, or monon-,
any an food product in the Gnited S9itSs Statss
oractina aise IN any unfair or unlawful
Moreover, the decree provide. ,h,.
IInnaisdiction IIn is perpetually retained hW
smcb ue cHurt fnr,n ior the purpose of taking
nucessary in the circumstances 70 csrrv nc
out or enforce the decree. '@''S
mennce mn priei. re The me decree removes the
tries Tries by the big i've and iea contins. ,ndns
ness Of nctixitrfs dint IN future to the bus
prouiucts under AN injunction which rs
iS nractiSe.sn.ei .nein from unfair and uniawful
zh,inSn Inc decree. which involves reorEani-
na'i0n q 10 or q great industry, with nSsais
affeeis M lore than si,ooo,ooo,006. and Whieh
fortynne ndSidaalse eGTpe1asi9ns resn,as 9ns, and
nsrteeinent n5rts between the larger meat
nnnouncsd Gners and ,n. The Department Of Justice
agreement was reached af, -. rms
Winl!eh'i Wilsoslh iad az the direction o psesiden.
cago. faSherS IN Chi
AsrSement for the filing OF tha do
II 81 NE. palmer said in announcing ~
s3tmniishing t9ror,, the principle thai nd OK
sroup OF men. no matter how poWery"T no
~, /, 80 1ttethpt TO control the foo1
'Ho!e OF the American peoDie ar .n az, 'oou
OF OF it the necessities or any psris Has
statement for Packers.
A. w. Borders, attorno,, 60
* 20. made the following statar,nns rs
fSe1i,I fendan,eot o. counsel for all of the osn IN
These defendants have conssn,o,
hmsi uecree, and to give up ccrIsin
,hn, hs,hGisses, i, not because OF cuilt ~.
thai the se mot, not violated any law, but
sureu that there is not The ,.m pv ns
nncInrs'S OF food monopoly by fbs
and dNarJi ar;i,,ia that the constant Criticism
unStry. which is seriously In;ur;nrt.i IN; m
only II. but the people Eencraiivs ma.
reane' r;,' that Il better understanding AMI
.nubiins ,nar ns.ween this Industry and Tho
conaitlons in. this uncertain and dan.
Sorous period OF reconstruction MAY
tcn hc d;l stnbiliZea and the eniciency and
ing as II does in n prime neccssitV ~,
ne. highly perishable product may
be preserved. ''"'
, ,d That the hacking ipdutry is eaicient
gin OF profit of-any. large basic Industry
IN the country. the. defendants stand
ready and willing to demonstrates at
"lf this statement lis true as to,
pronts. which we most solemnly assert.
then II Is In the interest of every man.
woman ,S'1r and child in this nation That