New Ulm review., 1920-09-08
CAPITAL STOCK is INCREASED
FROM TWENTY TO FOUR
MILLION DOLLARS.
ASSETS LAST NOVEMBER ARE
GIVEN AT FIVE HUNDRED
MILLION DOLLARS.

enormously during war time. AS
the article appeared in one Of the
leading trade journals i'll has with
out doubt good foundation. AS
to the profits made by the packers
the readers can easily judge for them
selves.
The article reads as follows:
We are going to make this record
of loot and plunder snappy.
In the year 1916 Armour & Company
was capitalized at 20 million dollars.
In the year 1916 Armour & Com
pany cut melon of 80 million dollars,
400 per cent dividend on the
capital.
The capital stock was there and then
increased to one hundred million and
the stock sold to the Armour family.
Note that the Armour family took
out $S0,0O0,000 in dividends with one
hand and paid for the $S0,000,00O OF
new stock with the other hand.
And They Doubled Again.
That melon was cut in October, 1916.
Now behold WI at happens. In August,
1918, two years later, the capital stock
Of Armour & Company was advanced
to 210 million dollars.
Think of that plunder! In 22 months
Armour cleans up $110,000,000. Ex-
actly five million month.
Not dollar of new money is brought
in. Not share of stock has issued to
the public. The Armour family gets
this fabulous loot. 1t is greater than
Germany took from Belgium. 1t is
One Hundred and Ninety Million of
profits stained with the blood and tears
of an embattled world. It is enough
to ransom 100 kings at a million
dollars each. And it belongs to the
Armour family.
Look Upon Loot Again.
That hundred and ten million dol
lar melon was cut for and gobbled
up by the Armour tribe twenty days
before Pershing fattened out the St.
Mehiel salient, two months before the
Armistice.
Behold the primal cause of high
prices since war ceased. From August
1918, to November, 1919, is exactly
| fifteen months.
What loot has Armour gathered in
that short space of time? Here is
what Armour says about it,. He says
"THE TOTAL ASSETS AS OF NO
VEMBER list, 1919 (the close of the
Company's fiscal Year, were $490,S09,.
643.34."
That is not the wild ranting oi
Bob Duncan" 1t is the statement Of
J. Ogden Armour, the most remorse-
less pirate that ever raked the high
seas of commerce.
That is what Armour says the as
sets were the first of November, 1919
That shows that Armour & Company
looted 280 million dollars in Is months.
That is over 18 million dollars per
month. 1t is over Six Hundred Thou
sand Dollars day. 1t is rs thousand
dollars an hour. 1t is $416 a minute.
And it is Sc every second in the day and
night for the Armour family.
What Is The Loot Now?
We have Armour's wcrd for it.
The I rm ,ur plumber increased from
20 millicn to 490 million in three years.
We know what the spoils were Novem-
Der 1st, 1919.
The question is: What is the worth
OF Armour's pile of plunder today?
Is it less than bi l:on? I don't
know what it is and dare not venture
guess because my mathematical edu-
cation is limited to Calculus and that
high branch reveals no figure of enum-
Grafton that reaches my conceptions of
Ogden Armour's lies and loot.
Armour Straddles the Blind.
Whatever Armour's plunder istworth
now, that celebrated road agent has
raised the ante again and straddled
the Plunderbund blind"
Behold! On July 7th of this year,
1920, Armour raises the capital stock
of his family Company to 400 million
dollars.
Now watch this marauder, thi free
booter, this high handed looter Of peo-
pies and.nations, cut another melon and
pay 400 per cent on the 400 million.
He quadrupled his hoard in 1916.
He doubled it.again and added 10 mil
lion in 1918. He piled up 280 million
in Is months Of 1918-19. He is in
the act Of straddling the "blind in the
biggest jackpot ever won by a. crooked
gambler with a "cold deck in all the
tides Of time.
How's That?
Is that snappy enough? Is this
paper performing a patriotic service
in detecting this william? Is there an