Standard Oil Company; Trusts, Industrial -- United States
When a farmer sells a steer, a lamb, or a hog, and the house-keeper
buys a chop or roast, they enter a market which for the whole
continent, and for all kinds of cattle and meats, is controlled by the
combination of packers at Chicago known as "the Big Four."[32] This had
its origin in the "evening" arrangement, made in 1873 by the railroads
with preferred shippers, on the ostensible ground that these shippers
could equalize or even the cattle traffic of the roads. They received
$15 as "a commission" on every car-load of cattle shipped from the West
to New York, no matter by whom shipped, whether they shipped it or had
anything to do with it or not. The commission was later reduced to
$10. They soon became large shippers of cattle; and with these margins
in their favor "evening" was not difficult business.[33] By 1878 the
dressed-beef business had become important. As the Evener Combine had
concentrated the cattle trade at Chicago, the dressed-beef interest
necessarily had its home at the same place. It is a curious fact that
the Evener Combine ceased about the time the dressed-beef interest
began its phenomenal career.[34]
The committee appointed by the United States Senate to investigate
the condition of the meat and cattle markets fixed upon St. Louis,
Mo., and November 20, 1888, as the time and place of meeting, because
the International Cattle Range Association and the Butchers' National
Protective Association assembled at the same time and place. It was
supposed that prominent members of these associations would avail
themselves of the opportunity to appear before the committee. Some of
them did testify frankly, but the presence of antagonistic influences,
especially in the International Cattle Range Association, immediately
became apparent, and industrious efforts were made to prevent the
inquiries of the committee from affecting injuriously the dressed-beef
interest at Chicago. The committee found that under the influence
of the combination the price of cattle had gone down heavily. For
instance: In January, 1884, the best grade of beef cattle sold at
Chicago for $7.15 per hundred pounds, and in January, 1889, for $5.40;
Northwestern range and Texas cattle sold in January, 1884, at $5.60,
and in January, 1889, at $3.75; Texas and Indian cattle sold in 1884 at
$4.75, the price declining to $2.50 in December, 1889. These are the
highest Chicago prices for the months named.
Public-domain text, read in full here on John Shaqi.
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