Show ISSUED i iI iy I I y HOOVER O tJ- tJ i iI I PACKERS I 1 in Com Corn I js j's lions lion's ons on's Report Erroneously I Founded E By Sy Associated Press Prell i O. O Cal S Sept pt 26 Her 1 Her I o t. t former ormer food administrator j t States Issued today a e commenting on dispatches dispatcher i from om Washington to the eft ef ef- f- f i t the food 00 administration bout suppression of ot the fedde fed fed- ryde de de' de commissioners commissioner's report on un M administration regulations of k He Ile Ie said ny nr one will read the whole of or of ot the federal trade com corn comit J 1 it p report on the food regulation of ot the packers h ho 11 that my objection to I I simul- simul I as only conditional upon j i publication of at my reply bethe hethe hethe he he- the report of ot the trade M ae mistakenly based balled on the ason ason as- as on on l by their accountants that the fad authority und un- un n- n d la law to regulate profits on ong g i. i foreign investments rail rail- leather and other b products byproducts 0 of ck rs whereas the authority o of ofus 1 us is extended only to their Amerl- Amerl od nd d operations LAWS CAWS NECESSARY fore fore the calculations and reci rec- rec i in the trade commis commis- report were erroneously founded in order to get at the theof theof theof of these profits to approach Ith it ith ith h new legislation which I b bp be- could fould only be bo done lone during the rough the avenue of ot a war tax taxis is ess ss profits which I strongly roe rec ded to congress food administration regulations regulation d d' d a a. maximum limit of at 9 per of It by the packers on the capt- capt plowed plo ed In their food business or oran oran oran an three quarters of ot 1 per cent und but as a a. matter o of fact tact so 80 rices that taking all the pack pack- ether they did not earn an averS aver aver- 6 S per cent during the period of ot ion Ion RESS RESS GAVE NO AUTHORITY j figure of or 9 per cent maximum proved by Mr Davis one of ot the members of ot the trade out in my reply The pack pack- larger earnings out o of t business but these businesses lot legally controllable contro by the because congress ren en Ten no such authority The food strongly strong advocated a law for permanent ion of ot the larger packers and of or a year ear ago In the press some somo time |