History for ready reference, Volume 7 : $b Recent history (1901 to 1910)Larned, J. N. (Josephus Nelson)
History
History for ready reference, Volume 7 : $b Recent history (1901 to 1910)
Larned, J. N. (Josephus Nelson)
History -- Dictionaries
In compliance with this resolution, the Commissioner of
Corporations, Mr. James R. Garfield, went to Chicago in April
and began the requested investigation, which was prosecuted
throughout most of the ensuing year. "The inquiries of the
Bureau of Corporations were naturally concerned chiefly with
the six great concerns which, by the injunction of 1902, were
grouped together, and which were popularly considered as the
Beef Trust. The ‘Big Six,’ in the approximate order of their
magnitude as indicated by the number of animals slaughtered,
are: Swift & Company, with seven large plants; Armour &
Company, and the Armour Packing Company, which have the same
stockholders, and which together operate five packing-houses;
the National Packing Company, with eight comparatively large
plants and two or three minor ones; Morris & Company,
operating three plants; the Cudahy Packing Company, with three
plants in the middle West and a minor one at Los Angeles; and
the Schwarzschild & Sulzberger Company, operating three
plants. Nearly all of the important packing-houses of these
six companies are situated in the eight great live-stock
markets,—Chicago, Kansas City, South Omaha, East St. Louis,
South St. Joseph, Fort Worth, South St. Paul, and Sioux City."
As for the National Packing Company, it grew, apparently, out
of an abortive scheme for the consolidation of the other five
concerns which was rumored in 1902. "Shortly prior to the
formation of this company the Armour interests had acquired
control of the G. H. Hammond Company and the Omaha Packing
Company, the Swifts had secured the Anglo-American Provision
Company and the Fowler Packing Association, and the Morris
family had become dominant in the United Dressed Beef Company
of New York. The National Packing Company, organized in 1903,
took over the control of the various corporations thus
previously acquired by the three packing interests named, and
has since absorbed two or three other smaller concerns. The
directorate of the National Company consists almost wholly of
representatives of the Armour, Swift, and Morris companies.
Aside from this community of interest, the bureau finds that
there is no important inter-ownership of securities among the
six leading packing companies."
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