Show e TRUST OF ALL TRUSTS PROPOSED NEW COMBINE OF MEAT PACKING INTERESTS Profits of to a Y Year car fr Figured Out ut for This Stupendous Combine I 4 1 STUPENDOUS EARNINGS 4 of oC tho 44 4 Tho rho stupendous earnings 4 proposed combination of ot meat 4 I t packers packer are almost beyond com com- 4 I f preben Eastern financiers who 44 4 44 4 are said 11 il to announced the 44 4 4 figures as It a n o of official In- In 44 4 4 bavo made de this statement 4 1 ff- ff of oC the probable profits the basis baIS of oC 4 f the distribution of oC cash and sc- sc 44 4 4 c 9 in th the new combine 4 44 4 Capital stock VO 44 4 4 E Estimated an annual business O- O 4 f 4 KOfA tu to Ih 44 4 4 Annual on n gro gross business 4 f 10 per f cent 44 4 4 Total proms profits t to 1 4 f Oia I r Percentage of or f on capital 4 f 4 20 0 to 3 34 31 per PCt cent 4 r i i J. J I L A i A A. A 1 11 1 1 11 1 TT 1 T T Y w wv v T T CHICAGO Sept 4 A A sl gigantic combination combination com corn of or the great groat packing houses of oC the country to be known as IlS the United States Packing company compan with a probable proba proba- bI ble capitalization of or on which an in annual business of ot from 10 to will be transacted at a net proUt of or from tram to Probable head of oC the combine J. J Osden Ogden Ogden Og- Og den Armour To be be- president Gustavus F. F Swift Profit on volume of oC business 10 per cen cent t. t Profit on capital stock Mock 20 per cent These are aie somo soma of the details gradually In local and flU ally coming to the tho surface Eastern financial circles of ot the most sl gigantic and reaching far of oC all trusts yet et projected Not I Notwithstanding 2 re repeaLed repeated re- re peaLed and positive c denials from Ar Ar- mour Swift and other local Interests ts the proposed combine Is la accepted as a certai certainty rity The Trust of Trusts One thing stands out more moro prominent than everything else In the discussion of ot the thc proposed combine that combine that the thc public pub pub- ito lic does not app appreciate the effect this tru trust truit t Is to have and the tremendous profits It expects to reap It overshadows 8 the United States Steel corporation otherwise tho ho bil bil- lion-dollar lion steel trust and where people popie peo po- opie o- o pie now know of the tho big steel trust merely mere aa as something to read and wonder wonder won won- vonder won von der about tho the beef combine or food rood trust will be on nn actual everyday c reality to every family In the Nation It Is announced In New York and Boston that the basis of oC payment by the tho new trust to b be known as the United States Packing company compan for the corporations corporations corporations cor cor- and firms it Is to absorb will willbe willbe willbe be twenty twenty-livo times the earnings for tor forthe forthe the last year ear Last Years Year's Earnings Name Amount Armour tCo Armur Co Swift Co 3 Nelson Morris Co i Cudahy C i The reported division of oC capital among arnonI the principal Interests In tho the combine Is as follows Name Amount Armour Co S Swift Co Nelson Morris Co o X Cudahy e. e Co OtherS OtherS' over the United d States tes Miscellaneous lI l cellan us exp expanses Including ing nJ ng cost of or promotion etc 23 0 Total T hoo Some Comparisons A comparison with v. the United Stat States Steel company shows what the food combine really means With a capital of the st steel etel el trust does docs au au nn annual business of or approximately t to It Is believed to earn approximately If It the steel trust did the tha same proportionate pro pro- volume of ot business as ns the beef beer trust Is expected to do Its gross business would 1 be e between two and andt t three ree and one-half one billions annually annu and Its Us net earnings to 2 or from 60 SO to per cent on its capital The percentage of ot profits profit Is Istar far tar greater In steel products than in the beet beef trust under present arrangements but no one can ever er approximate tho earnings once the b beef r combine is Incomplete Incomplete in incomplete complete control of the tho worlds world's markets According to the information received in Chicago In the last few days das the United States Packing Pl company company will take in ever every stockyard in the country and all the collateral business such as selling Belling agencies car lines and of or cour course t the product by-product companies which in late years yel have proved tremendous dividend It H IB is barely possible the combine will not be launched before tho the fall tall el elections for tor obvious ob re reasons sons but In financial circles circles cir dr cles des It l IB 18 believed to be under wa way ay on the basis given and anil absolutely certain of ot ultimate consummation |