The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-02-08
AMENDED PLAN
FOR SELLING
Of STOCkYARDS

Washington. lch, .-SWIIt y oW-
pany and Armour X Company hied to-
day with the District OF columbia SUI
preme court. a new Plan for the sale
Of their ~stock-yard interests IN ocIord-
Rnce with the terms Of the consent de-
. cree agreed upon with the E"'"rn'ne"t
. more than Il year ago.
= The plan - Il substitute for the one
, recently dEaprruyed by tho court. under
which the interests would have been
acquired by +. IL rrtarc X company.
3, Boston bankers. Il c"Utcmp!AteS ap-
, pointment q sales agent to sell the
. stock under supervision Of trustees. who
4 would have control OF the stock mean
slime with authority to vote t and who
. would receive $4,000 annually each.
The sales agens would Civ" preference
- buyers IN this order: Livestock pro
Sucers: stockholders IN the yards, other
. than the defendants: common carriers
. serving in the yards. local citizens or
/. municipalities. OF local Synd'cat"S.
To Study the Plan.
The department. OF justice viii D"
given time to study the now plan ana
II objections are hled argument VIII or
heard BY the court before 4 final decision
Is rendered.
~~~The stock-yard interests which K pro-
Sposed to sell At tho price per share
(which be asked for the stock are;
The St Paul Un!On stock YARDS com
SSany, 500: Union Stock Yards company
OF Omaha, limited. $40; St. Louis
National Stock Yards. $3.50; TNe Denver
saJnion Stock Yards company. 500; IT.
aRYorth stock Yards vompary. 900; Sioux
sCfty stock Yards company, preferred.
$3.50. common. $50. and the Bourbon
sStock Yards company. $50.
- Tho time for completing the sale
would b. hxed by the court, but shou''
EHhe sales agents report Iuaollty 70 AIS
Epose of the stock within tho time limit
Eset, the court would extend IN" time
with tho provision OF tho submitted
Eplan remaining IN effect.
Details OF Plan.
The trustees proposed under tho pan
&rould be appointed by tho court would
Number three, and the defendant COM
%antex vou,d execute and deliver 10
Them powers OF attorney. irrerocao!e
EdurinK the time tho plan remained IN
La6ect. 10 vote the stock OF the deiend-
ants provided his voting power was
exercised in such a manner as NOT 10
interfere with the management ana con-
Tdct" OF the stock yards.
- The defendants. or some Or them ASKS
Tor additional time IN which I" dispose
NJ their holdings IN stock YARDS oth'T
sshan those named. Charles W. Armour
asks for a period % one year IN whiCh
20 DISPOSE Of 100 shares on ron-N"''ns
Stock in the Kansas C'ty stock yards
company. representing that o'c"uS" "i
che present financial situation ana ""Si,
ness depression h" would have I" sol.
The stock at a sacrifice. 81 forced L" sell
NOV.
: Armour & company, and Swift & r"'"-
Inany ask that they ~ given unit" June
n sell their stock IN the Jersey city
Stock Yards company.
Armour u company asks that IT Be
allowed 70 sell is holdings IN IN" Chi
s+svo STOCK Yards. representing - per
Gsgnt OF ;hs total holdings. either 70 'n'
chicago SocH Yards company OF t" r. -,
Frincs. OF RoS;"H. who. 1t says. is inca
owner q the majority interests IN S3'u
-rompanv." The company says X -
negotiating Cor the sale at this t'mc'
and asks tn, j. b" given un''l February
a 20 file q completed plan for the as
pos;,ion or his stock unless the neHo-
~tsatiops are completed h"f"r" that inc