Show v h i AGREEMENT Of P PACKERS INTRODUCED Details of Plan for Merger of the A Armour mour Swift and Morris Interests in 1902 Are Related Rel ted to Jury ATTORNEY VEEDER FIRST GOVERNMENT WITNESS SS 4 He Tells About Association Which Met Weekly Prosecution Pr s tion Asserts to td Fix Prices and Suppress Competition Compe IMMUNITY AGAIN CLAIMED CHICAGO Dec 2 Details the lime of f plan plait fa for foz I a merger me er of the tIle Armour l Swift Morris forris and interests the iu in in 1002 by which contends it was 18 sought to control tho Theat t in industry of it the country were rem revealed in III the time trial rial of ten teti today before Chicago j packers United States tates GC George U bC A. A Carpenter District Ju Judge ge The contract act May Il 31 1902 which was as dated was read r to tho the and alIj for III the off offered re in iii j C evidence by counsel jury government o The original agreement was produced in n court by Albert II fl Veeder attorney for Swift Co who was called by the govern go ment as its first fILSt witness Attorney testified plans for Cor the tho giant slant that the tha and that in merger merser were vere abandoned aban aban- Packing March 1003 1903 the Na to company was organizer organized operate certain independent nt packing Including companies purchased with a view Jew of or Under them in hi tho the bJ big company compan the t terms of ot the the three agreement large packing Mil anti their corporations corporation er el with subsidiary companies to eth recently acquired companies V Yore were ro to be h merged Independent ed nt giant on Ofle g t con em Armour r rl ri to receive bonds Swift and Ant axi Mor- Mor stock of the new company compan and for or preferred of ot the value their tangible property In In- addition to this th tho promo promoters tors wore cre to receive recel worth of or tho I new compau company's stock for Intangible property and a large block of or common I stock for their good will this amount to bo fixed by the earnings of ot the dir dif ICI IC- IC I ferent plants during the first year of ot the ne new merger to Get Gd Fund X The promoters planned to borrow to the giant cot cot- The appraised Jf valuation or of Armour Morris and nd their sub sub- companies w s at is- is 00 0 0 0 Q Each E or of the tJ promoters deposit ed with a n. Chicago bank as u asan asan an au evidence e of or good faith but they Ve were 1 compelled to drop the plan because of ot the failure of c certain 2 New ew York capitalists capital capital- to furnish the thc funds needed leeder admitted the packers packers packers' had an organization which met every Tuesday afternoon in a room n neat near ar his law aw office that his son soi Henry nr Veeder acted as secretary secretory in 1900 1901 ISOl and md 1902 Tho The government contends that It Jt was wasat wasat wast at t these meetings s that flint tho tim price of ot meat was fixed and plans discussed for the suppression of ot competition Veeder was questioned regarding regarding- the Kenwood CO company and tho the Aetna J Tr Trading TradIng Trad- Trad dIn d- d Ing In company compan but professed Ignorance of or their business lie He a admitted the Kenwood Kon company was as organized In his office but said Bald he was not present at atthe atthe the time The witness said he had heard that at tho pool meeting tho the different companies com corn panics and the territories to i ithem them were ere designated b by letters He te 1 said ald territory A was north of ot the Ohio rivet rl and eat east of or the Missouri river Ho He paid taId Armour was known as asA asA A A among g the companies s. lie IIo did not 1 know the tho letters used to designate the theother 1 other members of ot the alleged pool He lie said the association as of ot packers Pl was ivas dissolved in 1903 and his son Bon who had acted ns as secretary was taken taleen into hIs ils law In office as a a. partner The wite witless witness wit wit- wit wit- ness less e s said sold no first became attorney aHome for S. S Swift in IS S and that on occasions ho he had served nerved a as a. r of or Swift Swill Co and sev several ral of at Its ts su subsidiary companies Previous to the tho th calling of ot r to tolie the he lie stand tho the defense made an j excluded from i attempt to have hare e the he governments government's case coso all aU transactions round that t the e tho the ground 1905 cm 0 prior to Immunity ll plea Ilea a which freed the pack pack- were Indicted scY seven n rs when mould they tiler apply to that period if rearS ears ago 8 O tho the packers put th their lr I for Counsel but bitt Jud Judge e Carpener Carven Carven- notion motion In writing writing- Ii lr reserving his decision n to give Sl 1 ler er while c re time tinie to reply tilt he ed d that ho ma flay den deny the I 1 |