| Show PRODUCERS URGE 1 I GOVERNMENTAL PACKERS PACKERS' RULE I I C Cattlemen See U. U S. S Control Contro of f Meat l Industry r rT t x Satisfying b Way ray I 4 4 I I Washington ton Feb A A government Jo regulated monopoly of ot the meat Industry Indus Irid I try was advocated d by b live lI stock producers pro pro- i ers due toda today before th the c Senate a agriculture agri agriculture rl-I rl culture com committee and the House interstate inter I state comme commerce ce committee as the only oni 1 means of oC saUs satisfying both the pro I and the consumer consumer and preventing the thic the cattle business from being destroyed George o Armstrong cattleman ol oC Fort Worth Texa Texas recommended tc to the tho Senate committee that be b enacted enact eel which would give thc tho government o cont control ol of oC the Industry Industry In In- In- In Justn and it to fix Ix the thc prices of or live Jive stock meat and labor lie Tie salt said both producers ers and consumers hat had just ag against the present and system d that only onh government ro in intervention In- In would p prevent vent continued on l Thard C. C Lasater member of ot the thi executive committee of or Ihie jO LI Sto Stow Stock t association arid and former forme 11 1 L. L tI o l V and and- rk s a J the he House Bouie c tte t 1 t f cn Ti n. industry be d det d IJ lic ho go er government 1 di dla- dla flOt pot ot tak l toward assuring tIle hIrd a Just profit lIe IIo declare that tha more cattlemen were ere facing bankruptcy bank bankruptcy today than titan at any an other tim Ume I in tho the history of or the Industry and that thai government go ownership was v the oil oll solution of oC tho problem Food Chiefs Blamed d dr r Mr Lasater charged that tho foot rood I administration was responsible for foi large largo losses suffered by live stock producers pro pro- lie said suld tho the packers were asSured assured assured as as- as- as I a a. good profit on everything e they handled but when the producers asked for Cor tho the same privilege Food lood Administrator Hoover told them It could not be done and that they the should be willing to make some sacrifices to tc aid th the tho countr country to win the war sar The witness said that the result was wa that the credit of or the tho producers was destroyed and that the they lost so much mono money that the they no now were forced to sell almost all their calves with the tho consequent threat to the thc future futuro meat supply Mr Ir Hoover Hoo seemed to have everyone's everyone's every ones one's interests at nt heart except tho the producers producers pro pro- he ho stated lie He treated them unfairly from rom the start He lie even en went so far as to tell the allies allies' tho the meat supply of oC the country was much I greater r than titan it was as and invited them to order as heavily as ns they desired Ho no so 80 manipulated the situation tha that En England land shows an Increase In her cattie cat cattie cattIe tie during tho the war Avar while ours i Is greatly decreased I Pur hn e c Explained t While Mr dr Ir Armstrong was ins before the Senate committee he lie wa was asked concerning letters bearing othIs 01 ot on his rel relation to lo the five fI bl big packers One of ot these dealt Wi with 1 his purchase I of ot stock in tho the Fort Worth Record The witness explained that ho lie hat hai helped to purchase a controlling hi In Interest Interest In- In terest In this paper advancing ad 10 borrowed on notes endorsed b by Armour and company com pan a and d Swift am ann and company compan but denied that his purl ot was as to give gi the packers control of or tin the paper r Mr fr Armstrong Armstrong- said his purpose wa wat watto was viewpoint to change chane the socialistic i of or the editor Clarence Ousley now as as- sl lant to Secretary Houston Mr Armstrong Armstron said he lie later Inter disposed ed o of his newspaper stock and was wasi i convinced now that Mr Ir Ousley's ideas ns right that than of government Jo were nearer were his own at that time L Letter Identified The witness identified a letter which ho Ito write to 1 F. F W. W Croll of or Armour and company compan seeking extension of or the notes in which he lie said I too took It this stock originally original In the hope I might be of ot somo some assistance to tc Mr Ir Armour and anti Mr Ir Swift Ho lie suggested suggested sug sug- Jetted that the tho packers ers would find the arrangement had been profitable if it the they had noticed the tho editorial policy before and after taking Mr Armstrong said ald ho know nothing nothIng nothing noth noth- ing about another arran arrangement ement referred referred re referred re- re to In iii letters read by ty Panels J. J J Ilene Heney In which the tho packers obtained stock In 1 tho the Fort Worth orth Star Tele gram as s security for tor a loan to to the pa paper per Henr Henry ceder counsel for Swift and company followed Mr Ir Armstrong He lie Het testified t concerning his connection with tho the pools conducted b by the big packers puckers for ten I years cars down to anti and after several clashes clashe with Mr Mi liOnel Heney protested that he lie was not permitted per nor to answer questions properly H non for lor the thc big packers pack pack- Formation of ot pools b by ers cis was to prevent le an nit oversupplied o Continued on page IJa C 2 I FAVOR OF PACKERS PACKERS' CONTROL Continued from Page 1 1 1 market and to keep prices stable Mr Veeder testified One Ono pool was broken broleen up till by Sch and an independent company flooding loo hl the tho market he declared But could the small packers break breakup lk up combinations of the big packers today asked Mr Ir Ilene The They could If IC tho they lucy had enough capital to stick it out Mr Veeder re re- re plied The They would have to have ha more I mone money than thai England Engla ld commented Mr Ir I lIen I C U 03 Widely rJ published oCh of oC Where here h rc tho ho Swift Swift- dollar goes oes were criticised b by members of or the committee commit commit- t tee e during time Uio te testimony of L. L I D. D II II Weld eld manager r of or Swift and company's research department who was the time first witness lolla today before tho the Senate committee Senators Norris and Gronna said Raid tho thoa a advertising eltI Was sas misleading ln and would give Si readers of oL country countr papers the impression the packing concerns was wan making a profit of oC 2 per cent Instead of ot 12 Mr Ir Weld eld said ald the advertisement advertise advertise- mont ment pointed out that Ol out of oC each one hundred cents of sales sale went ent for profit S 8 Si cents for livestock H and tho thoI Ito remaInder for expenses o I |
