Show PACKERS DRAFT DRAFf LEGISLATION TO CONTROL TRADE t. t J Armour Declares Plan Will Satisfy J Both r Producer aim allu I Washington Jan 27 J. i.-J. J. J Ogden Armour Armour Ar Ar- ArI I mour mO president of ot Armour Co told tho Senate agriculture committee tonight to tonight tonight to- to night at the conclusion of ot his testimony testimony testimony mony that ho and his counsel were drafting legislation for tor tho regulation of ot tho the meat packing Industry which ho expected to submit as a substitute for Cor similar bills now be before Core Congress Before DeCoro being presented th the legislation legisla ln- ln tion will be he submitted to the other big packing Backing firms and amid the Independents for Cor their approval al Mr Ir Armour said He lIe added that he believed belle tho the plan which he had In mind would satisfy emUst producer and consumer and remove antagonism to time the packers which lie he admitted seemed general T Mr rr Armour reiterated d that his opposition opposition opposition to control b by tho the government or orthe orthe ortho the tho railroads of ot r refrigerator and live livestock livestock livestock stock cars and stock stockyards ards was predicated predl- predl crated c solely on his fear rear the they could not be operated d as efficiently as now He lie said Bald ho believed private ownership of ot branch houses absolutely necessary bu but buL declared r tc l h se tor the packers would not be bo opposed b by the tho large companies com com- v Morris Hill Bill While Mr Ir Armour was finishing his testimony before the Senate committee Edward S. S Morris of ot Chicago president o of or Morris Co appeared before tho the thoI I House Interstate commerce committee In opposition to the tIme pending legislation legislation legisla legisla- tion which ho declared would Imperil im imperil n Im- peril tho Industry and prove costly to tho the consumer Mr Morris had a prepared prepared pre pee pared statement of or pages but at atthe time the suggestion of oC tho the committee he ho read only part of ot It Tho The entire statement statement state state- ment however was admitted d to the record of or the hearing Mr Morris told the committee ho he had no objection to government ownership of oC the meat Industry provided his compan company com corn pan pany was reimbursed Immediately for Cor its property and Investments Investment lIe He said Raid he lie would object however if It payment was postponed as tho the industry would soon be in such sueh a chaotic condition that a 0 proper settlement would bo im Im- Im- Im possible b Ie hand Off ott Adf INCH Hn Unless Congress wants to havo have another an- an another an other Industry In the tho situation where tho the railroads are aro now the time witness said it should leave tho the meat Indus industry tn aldno nb Government regulation might cause the tIme ultimate ruin of tho the industry as well as resulting rebutting In great Increase in tho cost of or living Mr Ir Morris declared that there thero was no monopoly of or tho meat Industry Replying Re TIe- plying to the tho statement of at tho time federal trade commission that there was collusion collusion col col- lusion among the five big packing firms In buying and selling Belling Mr Morris said the best proof that no combination existed was wan In the tho fact tact that prices price of ot live livo stock havo have moro more than doubled In I lour tour years ears The witness charged charse that thal the thc purpose of or tho market committee of oC the tho National Nation Nation- al Live Stock association which he said Baid was behind the Investigation of ot time the federal trade commission was to obtain higher r prices for tor ll e stock which t imich would mean higher costs coats to tho the Co consumer fl SU m e r. r He lie suggested that it might be bo ad advisable ad- ad Isabl for Cor Congress to Investigate tho the uses to which the thc committee had put the fund of ot which ho lie said it received annually from tho the association He ITo asserted that ho did no not mean moan to intimate the tho fund was put to any Improper Improper improper Im proper purpose but said saM Its size would make It rather dangerous It if it should happen to get gel Into the time improper channel Profits of or Morris forris Co for COr the fiscal year ear ending Novem November cr 3 1 1018 18 were cro only 7 4 per cent on the tIme total capital invested Mr lr Morris said This profit I ho asserted was only onh a 3 little more inure than one half of ot what tho the food tion approved Questioned by br Representative Winslow Wins Wine low of or Massachusetts regarding regarding- time the relative profits of ot producers and puckers puck puck- ers ere Mr Mi 11 Morris sal said he ho believed that If IC the federa federal fed fed- the In conducted by br era eral trade commission had covered co all branches of or the meat Industry instead of or having ha been concentrated concentrate on the tIme five Ivo big packing firms It would have o revealed re revealed revealed re- re that the thc producers' producers profits w were ro much the time higher proportionately 1 Tomlinson Gives j Years Year's Expenditures I Denver Den Jan Tan 27 T. T. T W. W Tomlinson of the ttO American Live Livo Stock secretary Re and association and also secretary treasurer of ot market committee of or that association In answer er to the el charge Edward Morris tho the packer made mado b by Continued o on P tl a fi ID OMIT DRAFT LEGISlATION LEGISLATIONS S TO CONTROL TRADE Continued from front page ae 1 before a congressional committed that the association rt appropriated for Cor a propaganda against the paI packing In Industry issued tho the following statement Tho The market committee c of or the tho AmerIcan American American Amer Amer- ican Live Livo Stock association laUon was wa created at nt tl tho o El Paso cony convention In January Januar 1 1916 Ii and since that limo It has haR ha had en entire on- on tire Ure chargO of of or all the work dono done b. b by this as association and all the mone money expended n o relative o to tho In estl investigation atlon of pf the tho meat Industry by la tho the federal trade commission and tho thu le legislation now note boIng bong bo- bo Ing ng considered h by tho the Congress Cong According to vouchers on file file- the market mallot committee spent spout during the pa pat prat t three years ar tho the following During 1316 1916 16 11 1017 1117 12 1 i and during 1918 HilS a a total of ot i Hi 13 Theo expendi expenditures lures tures were wore mostly for tor printing h pam pam- am- am I and s statements ta pu outlining t II t ng 11 0 our U I position on tho the control b by the tho packers of or marketing facilities stockyards and other othel Instrumentalities otc etc for Cor attorney attorney ney fees tees expenses of ot committees clerIcal clerical clerical cler cler- ical help holp and Ud office During tho the entire three years ears of or Its ls existence the tho market committee has hu spent Jess less than third one-third of or tho the amount I rd Morris H claimed was raised and spent annually I |