Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-13
.TAC|T APPROVAL
| OF MEAT-PACK|NG
MERGER IS GIVEN
Government Takes No Step
to Halt Armour-Mor.
ris Deal.
WALLACE FINDS LAW
MERELY REGULATORY
Fails 10 Prohibit Consolida.
tions, but Can Punish
Any Evils Arising.
PArEns FILED WITH SENATE
Agriculture Secretary send. All
Documents In Cave to Upper
WALLACE FINDS LAW
MERELY REGULATORY
PAPERS FILED WITH SENATE
Agriculture Secretary Sends All
Documents In Cave to Upper
House.
fRy Associated Press

" '"G'i''i iO-N, Dcc. ls.-Ihc GOV
ernncns will take no action at th:.
uH'c on the proposed acquisition O.
Morris & Company's physical as.
sets by Armour & "ompanv. o.
chicago. It was formally announce,
today, by tho Secretary OF Agricul.
ture
This decision was reached by Sec.
retary Wallace after long study ot
the proposal and conference witt
President Harding and Attorney.
General DauEherty. There was nc
Indication in Washington whc,he,
Armour & Company would pro-
ceed with their negotiations for The
Morris establishments which Ia n
competitor ard one Of the big i've
packing establishments
Secs No Occasion for Action.
Secretary Wallace declared there
appeared 20 he no occasion for ac.
ton AZ this time, under IN. hackers
and stoCiyards act. which he admin
lsterH. in connection with the pro.
posal Informally laid before him nv
j. Ogden Armour. Mr.. Wallace also
transmitted this Information and ad.
ditional data on the proposal TO tho
Stnat" in response 20 a resolution %,
Senator La Follctuc, Republican,
Wisconsin.
In form,, ,,-o.
Wallace declared ,ho-a
In tho n,cknrs ,na ..o,., '"'''
which sneciacai,y n,ot,,Lt, 80
chase bv ono na.,,n .,, .n. pHI
assets OF ano,hcr A., VIZ -
Aforementioned D,u,t,o,.,
public with ,ha ,r,a,,,, ~, "I"o.
the act Is cssAnt,aiI, go. sa,u
one md that tho du.jos -. y
OF the Secretary -, ,,r,,,,,,', n"m 80
Hereunder ara 70 rcr,,,,,n ,nn a.,
dustry. ''' ~
W. ,
:" '''e Nd'tcr.
nc a'tornHE- E-"rneral declared
nc'ther 'Ae act itself nor tho rcgu-
,s'on pro''d'd 'oE therein contem-
n'".'h OF requires that th" Score
"i Agriculture snou!d advise the
'I"us'S III regard to such trans
-" as Pr?no'ed ny Mr.. Armour
- aul'hvH o' ,'S cohSun'man"n. Mr..
"N Sa'u me act vested MIR,
w" "'o"a powers o! in
"'" ~ ""S "' IN" opihion Mr..
..r,' "'""t Su'h INJURY.
"a ms p''Ncrs ana
80. So" NF' tauEh-
,c, " ..i' !" NJ" 'nat iAe
ro-,,, H"H To take any
son "a h,,in,a ., '""
I.,oa ~ .. ""n "soh '!o-
sti,u.. ,.;o,,,I con
,be me,rio ~, .,.i 80" "a" "l'".h
be somat3;nr moro .han p,n-n
statement OF wha, "a ncrsnr nv 49,
poration cou.emrla,cs.'
Quotes Supreme f.our,
Citing IL decision OF IN, Srnrcmo
Court involving the act. Mr. D,urh.
erty quoted from Chief Justjc. ,r,ft
as follows:
ITS provisions arc carcrrl,v 1raup
20 apply only to those p-uciiccs and
Instructions which in the iud,nau,
OF Congress are likely To accrt in
tcrstate commerce preiudiciaIly.'.
Briefs OF Armour & co pra-
scented tn Secretary Wallace and
transmitted to the senate cortepdcd
that the consolidation would no,
hinder. but would increase CONNIE
tition in tho packing Industry. Do.
cts!ons Interpreting the sherman and
Clayton antitrust laws. tho Federal
Trade Commission act and TIN, raci;.
ers and stockyaris act were cited TO
support tho proposed consoIldo,io,
That the government. under the
packers ana Stockyay@s- act, would
retain power to prevent any i'm
proper results OF the merger was
cont"rded by Armour & Co
Differs From Other Industry.
This industry" IN. Armou- b-,a,
said. lis In n different .ituo,inn fro,,
any other private Industry l., tho
country. because il i. ,ndor d,rno,
supervision OF q roy.rn,,.,,.,
agency. tho Secretary Of ArricrI.
ture. who Is given power tn ,ns,iya,,
and prevent in tho psck,np indns,r,.
unfair methods OF comociitior u,
reasonable restraints o. trade o..
rnonopol!es. and should i, annr.r 70
him at any time tina, any such situn-