The Snyder Signal. (Snyder, Tex.), Vol. THIRTY-SECOND YEAR, No. FIVE, Ed. 1 Friday, July 12, 1918 Page: 5 of 8
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THB RXTDKR BlUSAL INVDER TRXAA FRIDAY JirLT IS tl.
Are the Packers Profiteers?
Plain Facts About the Meat Business
4
i
THE FEDERAL TRACK COMMlRglON IN ITS RECENT RKPOKT ON
WAR PROFIT STATED THAT THB FIVH LAROB MEAT PACKERS
HAVE BEEN PROFITEERING AND THAT THEY HAVE A MONOPOLY
OF THE MARKET. k .ilat ISlaVl.lftt
THERE CONCLUSIONS IK FAIR AND JUST ARB MUTTERS Of SE-
RIOUS CONCERN NOT ONLY TO THOM8 BNOAOKD IN THB MEAT
PACK1NO BURINEM I1UT TO EVERT OTHER CITIZEN OK OUR
COUNTRY.
THE FI0URE8 OIVEN ON PROFITS' ARK MISLEADING AND THE
STATEMENT THAT THE PACKERS HAVE A MONOPOLY IS UNSUP-
PORTED BY PACTS.
THB PAOKKRH MENTIONED IN THE RHPORT STAND READY TO
PROVE THEIR PROFITS HRAHONAIIIJC AND NECESSARY.
THE MEAT BUSINESS IS ONE OP THB LAROKfft AMERICAN IN-
DUtfTRIBS. ANY CITIZEN WHO WOULD FAMILIARIZE HIMRKRF
WITH ITS DETAII MUST IIB PREPARED FOR LAROB TOTALS.
THE REPORT STATES THAT THE AOORBOATK PROKIT8 OF FOUR
LAROR PACKERS WERE IUMOO.000 for tU tint WW reare.
THIS SUM IS COMPARED WITH tli.000.000 A8 THB AVERAGE
ANNUAL PROFITS OF THB THREE YBAR8 BEFORE THE WAR
MAKINO IT APPEAR THAT THE WAR PROFIT WAS IUl.009.OOi
GREATER THAN TIIK PRE-WAR PROFIT.
This compares a thrbb-ybar profit with a onb-ybah
profita manifestly unfair method of comparison. it
ib not only mi0leadino but thb fhdbral tradb commis-
sion apparently has madb a mistake in thb fioiiubs
thbm8elves.
THE' AOORBOATK THRBBJYBAR PROFIT OF 1140.090.000 WAS
EARNED ON SALES OF OVER FOUR AND A HALF BILLION DOL-
LARS. IT MEANS ABOUT THREE CENTS ON EACH DOLLAR OF
SALES OR A MERE FRACTION OF A CENT PER POUND OF PRODUCT.
PACKERS' PROFITS ARE A NBOLIOHILB FACTOR IN PRICES OF
LIVE STOCK AND MEATS. NO OTHER LAROB BUSINESS IS CON-
DUCTED UPON SUCH SMALL MAIMJIN8 OF PROFIT.
FURTHERMORE AND TIMS IS VERY I M PORTA NT ONLY A
SMALL PORTION OF THIS PROFIT HAS BEEN PAID IN DIVI
DENDS TUB BALANCE HAS REKN PUT BACK INTO THB RUfll-
NBSHKS. IT HAD TO HE AS YOli REALIZE WHEN YOU CONSIDER
THE PROBLEMS THE PACKERS HAVE HAD TO SOLVEAND
SOLVE QUICKLY DURINO THESE WAR YEARS
TO CONDUCT THIS BUSINESS IN WAR TIMES WITH HRHIKR
COCT8 AND THE NECESSITY OF PAYING TWO OR THREE TIMES
THB FORMER PRICES FOR LIVK STOCK. HAS REQUIRED THE
USB OF TWO OR TIIREB TIMES THB ORDINARY AMOUNT OF
WORKINO CAPITAL. THB ADDITIONAL PROFIT MAKES ONLY A
FAIR RETURN ON THIS AMI AS HAS BEEN STATED THB LAROKR
PORTION OF II H PROFITS EARNED HAS BEEN USED TO FINANCE
HUGE STOCKS OF OOOD8 AND TO PROVTDH ADDITIONAL IM-
PROVEMENTS MADE NECESSARY BY THB ENORMOUS DEMANDS
OF OUR ARMY AND NAVY AND THB ALLIES.
IF YOU ARB A BUSINESS MAN YOU WILL APPRECIATE THE SIG-
NIFICANCE OF THESE FACTS. IF YOU ARB UNACQUAINTED WITH
BUSINESS. TALK THIS MATTER OVER WITH BOMB BUSINESS AC-
QUAINTANCE WITH YOUR BANKER 8AY AND ASK HIM TO
COMPARE PROFITS OF TUB PACKINO INDUSTRY WITH THOSE
OF ANY OTHER LABOR INDUSTRY AT THB PRESENT TIMB.
NO EVIDENCE IS OFFERED BY THE FEDERAL TRADB COMMIS-
SION IN SUPPORT OF THE STATEMENT THAT TUB LAROR PACK-
ERS HAVE A MONOPOLY. THE COMMISSION'S OWN REPORT
SHOWS THB LARGE NUMBER AND IMPORTANCE OF OTIIKIt
PACKERS.
THE PACKERS MENTIONED IN THB BTATHMBNT STAND RBADY
TO PROVE TO ANY FAIR MINDED PERSON THAT THBY ARB IN
KEEN COMPETITION WITH EACH OTHER. AND THAT THKY HAVE
NO POWER TO MANIPULATE PHICR8.
IF THIS WERE NOT TRUE THEY WOULD NOT DARB TO MAKE
THIS POSITIVE BTATHMBNT.
FURTHERMORE. GOVERNMENT FIOURES SHOW THAT THB FIVE
LAROB PACKERS MENTIONED IN THB REPORT ACCOUNT FOR
ONLY ABOUT ONE-THIRD OF THB MEAT BUSINESS OF THE
COUNTRY.
THBY WISH IT WERE POSSIBLE TO INTEREST YOU IN THE DE-
TAILS OF THEIR BIISINEHS OF HOW. FOR INSTANCE. THEY CAN
SELL DRESSED BEEF FOR LESS. THAN THB COST OF THE LIVK
ANTKAL OWINO TO IITIU1JIATION OF BY-PRODUCTS AND OF
THB WONDERFUL STORY OF TUB MBT1IOD8 OF DISTRIBUTION
THROUGHOUT Till BROAD LAND AS WELL AS IN OTHER COUNTRIES.
THE FIVE PACKERS MENTIONED FKKL JUSTIFIED IN CO-OPHR-AT1NG
WITH BACH OTHER TO THE EXTENT OF TOGETHER PRE-
BENTINO THIS PUBLIC STATEMENT.
THBY HAVE REKN ABLE TO DO A BIO JOB FOR YOUR GOVERN-
MENT IN ITS TIME OF NEED; THKY HAVE MET ALL WAR TIME
DEMANDS PROMPTLY AND COMPLETELY AND THEY ARE WIU.-
INO TO TRUST THEIR CARE TO THB FAIRMINDEDSEflfl OF TUP.
AMERICAN PEOPLE WITH THE FACTS BEFORE THEM.
Armour and Company
Cudahy Packing Co.
Morris & Company
Swift & Company
Wilson & Company
rat Baptbt Church. .
There will be no Bulletin im
wMk but It will appear '
ub All oar aerrlce. will DO at
At tha evening hour at too city
tabiVnaele w shall continue the dl-
ninlon of the treat Wkt of Arma-
geddon. The foundation waa laid last
the reanlar hourt but theae .poem "nr " '
.ublU ae announced for Sundar lnt.re.tl thlnB will be brou.ht out
At t". mornlns hour the n.e.o "it Sundar Hat. The thin that
-111 be on "Life'. Burden.. What are to com. to pau before the Arm.-
Shall W. do with Them!" In thl. day ddoB will b. mentioned .pl.llr.
r.t " think of what w. ou.bt to do area war to the AnHta 'H
.. y..n F.err ChrUtlan wpwlal- dUcuweil. If tlm. will permit. Let
thl. IXV for tb. word. -l '" nd brn
atrla. a p1 ' k0w . h..
ana uniiB - " -
mMa(re wit 10 wen mnn n ni.
brethren ud lter.
other with you.
ft-
i
so many are dlscaiAtnf It this week.
There will be tome difference of
opinion of coarse but the study of
the question together will be worth
while. Come for none tv excluded
hence but those who do themselves
mclude. Welcome the learned mH
elite the Ignorant and the rude
W. H. Slme Pastor.
What an eiemplar! oC sons to sunn tor a man wno iut.uuku ...
What mother would want hr .on!"nM Feruoon baa .lnned-wh and wm le town for u abort while
to come to her cruabed and ruined I haa betrayed (be people who truated Wdnendar
and aay "I hav paid my debt with mm nouaioo rmi.
public money I have used public " ' " ""
mniiMv la vlnlallon of law I havf W. II . Morrow
Mr. and Mn. John T. Bowen were
who la In the' up from Pyron this week Ttaltlnf Mr.
.fi..u .nA ki i medical aervlce In Kaneaa la on a und Mr Will Thomptfon.
have uaed It to purchaae things for! . -
personal use I have bcrrowed from I
sources 1 would not dare eren for my ! enw A IT IT
not h p tn bnnw. I have (ribbed es- ! A -
crow money left In trust In my hank
Notice
All roads across the Grimes ranch
unless- public roads are closed. Ue and used It as my own. but wM j
stock round In these pastures will b. should they pursue me when I havoj
taken up by us end owners prom- but followed the example or the Gov-1
cuted. 8 lernor of T-'xm?" 1
Dallas Trust and Savints Hunk ' "You rnnldn't expert tlie motlierl
ANITARY
ATISFYING
NYDER LAUNDRY.
IllPalii Cafe Cream Parlor e?ery hmimy
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The Snyder Signal. (Snyder, Tex.), Vol. THIRTY-SECOND YEAR, No. FIVE, Ed. 1 Friday, July 12, 1918, newspaper, July 12, 1918; Snyder, Texas. (https://texashistory.unt.edu/ark:/67531/metapth288219/m1/5/: accessed June 20, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; .