Thursday, Jane 12th, 1919
reat Packing PSant with a Great Future
THE ALLIANCE (NEBRASKA) HERALD
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One of the strongest endorsement of the Skinner plant la tlie following Interview that appeared In The Omaha Bee, Thursday, April 24,
1910, given by Ir. Frank P. St. Clair, traveling lniwtor of packing Industrie for the Bureau of Animal Industry, Washington, D. C, and
Dr. Herman Busman, U. 8. government Inspector In charge of the South Omaha station, who ha 103 men In his department. Dr. St. Clair had
thl to say: "I have leen in clow touch with the Skinner plana from the time excavation started and everything that la done Is In perfect accord
with government regulation and with the Idea of maintaining the best sanitary conditions and economic carrying on of the business. Without
a doubt the new Skinner plant, when completed, will be the most modern and best designed plant I have ever visited, and It will bo pointed to
as a model of design and construction."
Dr. Itusman hnd this to say: "From the slaughtering floor through all the various processing departments, economical operation, light
and sanitation have been given first consideration and In this they have been successful. I want to point to the employes' welfare department.
This Is a department In which the bureau Is especially interested in that we are constantly demanding better working conditions, dressing room
and toilet facilities. The Skinner Packing Company is not only complying generously with our suggestions, but Is going farther to protect the
health of their employes and the public than we could legitimated demand.
"The government requires that no person afflicted with a contagious disease be permitted to handle food product. The management
proposes to go one step farther by having every employe examined and treated by the company physician .and nurse; provide lunch and rest
rooms for female and male help; well appointed and comfortable dressing and toilet rooms with maximum light and ventilation. A modern
laundry will be installed where all the outer garments of employes will be laundered free of charge every day."
SKINNER NAME WELL AND FAVORABLY KNOWN OVER UNITED STATES.
We will have the most modern and efficient packing plant In the United States and the most modern branch house property, all owned by
the Skinner Packing Company and the SKINNER name Is well and favorably known to millions of housewives throughout the United State
In connection wlttt high quality food products as well as being known to every retailer and wholesale grocer in the United States and therefore
the Skinner Packing Company is in a more favorable condition to merchandise its products than any packing plant that has ever started In
business. We will do a general packing business in beef, pork and mutton and by-products and also will manufacture a line of specialty food
products such aa Is shown herewith. Outside of our fresh meat business, nil of these products will be sold strictly through wholesale grocers
and we have received hundreds of letters from wholesale grocers throughout the United States favorable to our products and have received blan
ket orders through the salesmen of the Skinner Manufacturing Company for over sixty carloads of these products and as yet we have issued no
price list nor made any attempt to sell the goods. The orders were given in connection with our men calling on the wholesale grocers and sell
ing macaroni products. Here Is an extract from two letters of the many we have received from wholesale grocers.
Skinner Packing Company, Omaha, Neb. '
Gentlemen: I am In receipt of your favor of the 24th and have carefully noted what
I am favorably Impressed with the proposition. My opinion Is that the day Is not far distant
plies from Independent packers that are not In the grocery business. A to our part we have
specials that we used to buy from them In the way of cheese, and canned goods; we have cut
I feel sure that the other grocery houses In this section will eventually follow the same policy
We would like 50 or. 100 shares of your stock. ...
Thanking you for your letter, I am, Very truly yours.
Morgan ton, N. C, April 28, 1919.
you say In regard to the Meat Packing proposition.
wnen ail uie wholesale grocers will buy their sup
already quit buying from the Big Five, even the
this out and buy from strictly meat packers only,
we are following.
MORGANTON GROCERY COMPANY,
C. A. Spencer, Owner.
Newport News, Va., May 8, 1919
Skinner Packing Company, Omaha, U. 8. A.
Gentlemen: lundly advise if you are ready to ship cars or provisions to this city.
We have a storage plant well equipped and are handling from one to two cars of provisions each week.
Any Information you can give will be appreciated. Yours truly,
WILKINS & ROBINSON COMPANY, Inc.,
By J. B. Wllkins
CAN SELL ENTIRE OUTPUT
The following extract from Robinson, Batty & Co.'s letter, Liverpool, England, was written after Mr. Batty had visited Omaha personal
ly and Inspected our plant. This Arm was manager of Armour & Co.'s business at their Liverpool address from the year 1906 to 1913 and did
millions of dollars worth of business In the packing line and the firm Is high-grade:
Skinner Packing Company, Omaha, Neb. Liverpool, England, 19 Temple Street, March 27, 1919.
Gentlemen: After talking with your President, Mr. Lloyd M. Skinner and your Manager, Mr. Chas F. Kamrath, and after going over
your building, I am convinced that you are goin g to have a real modern plant and that you wi 11 turn out a high quality product such as Is de
manded by our trade. If you will take the trouble to look our firm up you will find that we are well established and reliable. We are in a po
sition to sell the entire output of your plant on English cut. The writer will be glad to return to the States this coming fall and co-operate
with you In the opening up of your plant. Yours truly,
ROBINSON, BATTY & CO.,
By W. Batty.
19 Temple St.,
Liverpool, April 5, 1919
He has knowledge and a
Skinner Packing Company, Omaha, U. 8. A.
Gentlemen: We were very pleased and interested to hear that our Mr. Batty paid a visit to you at Omaha,
great deal of experience in the Packing line.
As per the arrangement with Mr. Batty, we shall be pleased to put at your diHsaI our services and distributing machinery for the dis
posal of all the products you wish to sell on this side of the Atlantic. ;
Assuring you of our wish to assist you In every way in the development of your interests on this side. '
Yours truly,
' ROBINSON, BATTY & CO.,
Ter E. Robinson.
GREAT OPPORTUNITY FOR BIG PROFITS READ THESE FACTS
,
Wilson & Co.'s published statement for 1918 sliowst that they earned a net profit on their 920,000,000 common stock, after preferred
dividends were taken care of, eiual to 934.49 per share, coniiared with an earning of 932.52 per share in 1917,
Wilson & Co. in their statement carry the gtod-wlll of the old Sulzberger & Sons Co. at over 911,000,000 or an amount representing prac
tically 91.000,000 more than their preferred stock issue.
The bankers who organized Wilson & Co. for the great majority of the 920,000,000 common stock of the company, paid the company
less than 93 Ier share.
According to the rejHrt of the United States Federal Trade Commission, some 90.000,000 common stock of Wilson & Co., which was
handled by Kuhn Loeb & Co., Guarantee Trust Co., Chase National Bank, New York, "and other bankers, only net Wilson & Co. 93.64 per
sliare. In other words, when Wilson & Co. was financed by leading bankers of this country about four years ago, the corporation of Wilson &
Co. hnd to show as actual capital with which to earn dividends on over 910,000,000 of preferred stock and 920,000,000 common stock, as near
aa can be figured out by the Federal Trades Commission reMrt, something like 91,000,000. However, with the aid of borrowed money for which
they paid the regular rate of Interest in 1917, they were able to earn, after taking care of all other obligations, Including Interest on their pre
ferred 932.52 er share on their common stock and In 1918 the company earned 934.49 per share on their common stock.
Statement in regard to the cost of financing Wilson & Co. can be verified by consulting Document No. 1297, Part 2, Report of the Federal
Trade Commission on the Packing Industry. Statement on earnings of common stock of Wilson dt Co., taken from the Economist, Chicago,
March 13th, 1919.
The following Is from the report of the Federal Trades Commission on the meat packing industry dated July 3rd, 1918, page 44: "Which
was sufficient to produce for the Ave companies a total profit of 996,182,000; measured by the net worth of the combined corporations (capital
stock plus surplus) they averaged, in 1917, 21.6; measured by capital stock outstanding, aa an Indication of the dividend possibilities, THEY
AVERAGED, in 1917, 39.5; and measured by the packers' actual investment of new capital they amount to several times even tola last fig
ure. All these are minimum figures for the reason that the packers' accounts are so constructed that they conceal pronto, rather than reveal
them."
Statement by Mr. Wm. B. Colver, Chairman of the Federal Trades Commission, at a hearing before the Committee on Interstate and For
eign Commerce of the House of Representatlvs, January 2, 1919.
"Neither the commission, the packers, nor anyone else are In a position to state authoritatively what profits have been made In meat as
against by-prodncts during the packers' history. The only certain thing Is that on the animal aa a whole, great and accelerating profits have
been nude. Starting with an initial capitalization of 9160.0OO In 1867 (and it is not certain that this was paid In In cash), the stockholders of
Armour & Co. have an equity today valued on the books at over 916,000,000, or a thousand times the original capitalization after having
drawn out some twenty-eight millions In dividends and never having invested an additional dollar in cash during the 50 years so far as the
commission can learn." From the Federal Trades Commission report, July 8, 1918, page 92. .
Swift & Company paid out dividends equl 230 on capital stock within eighteen months after company was organized. Page 881 of
Part 2, Government's Report on Hearing on the packing Industry before Committee on Agriculture of the Sixty-fifth Congress shows, according
to Mr. Henry, Examiner, that Swift & Company was organized April 1st, 1883, with a capital of 9300,000, which represented the assets and good
will of the partnership of Swift & Company; an the stockholders paid 9240,000, cash as a loan for a year and a half, and that the first div
idend was paid January 21, 1886, 6 amounting to 918,000; and tliat the second dividend was paid October 11, 1886, amounting to 9913,074.
27, which Included the repayment to the stockholders f the 9240,000 loan, and 9673,074.27, or 230 dividend on the capital of 9300.OOO with-1
in 18 months of it organization. ( ,
, Comiutnia Swift International, Ltd., a for,ner subsidiary of Swift & Company, Chicago, was incorporated, 1918, under the laws of the Ar
cs trentlna Republic. Tills company was formed by Swift Interests to do business In South America and is officered by Swift men. This company
Sft3eCxlUl of 922,500,000 and at their annua meeting they estimated that the company would earn on its capital stock of 922,500,000 the
.4,.jjarea88 per cent, ana on May 7, iviv, mis stock was sold on, the New York Curb at over lour times Its par value, which represents a gain
TjjjfVn"! i our ior one 111 less man one jrar.
R CHANCE IS NOW TO SECURE A FULLY PARTICIPATING STOC K IN THE SKINNER PACKING COMPANY
Certainly the Skinner Packing Company, which la organized on a clean, high-grade basis and with the company receiving the full par
value or better for its stock and today with over 94,000,000 assets and a modern plant, the company should do at least as well aa Wilson & Co.
It will be practically impossible for the company not to do as well from a profit earning standpoint as Wilson & Co. and should do many times
better.
. OUR FIRST ISSUE OVER-SOLD BY $330,000.00
We have met with phenomenal success In disposing of our securities to conservative and most practical stock raisers, farmers, and
bankers of the middle west, and there is only a limited amount of this stock that will be sold at $125 per share because It la a fully participating
stock. The last part of this Issue will be advanced to 9150 per share and never again will a fully participating stock be offered In this company;
If the time comes when we need additional capHal, we wlU sell a 6 or 7 stock Just the same as other established packers sell, all depending
on the money market at that time.
This stock that we are offering now Is guaranteed aa to the first 8 and participates In the full and entire earnings of the company, and
FROM. AN EARNING CAPACITY HAS TUB POSSIBILITY OF BEING WORTH 9500 PER SHARE WITHIN A REASONABLE LENGTH OP
TIME.
If you are interested, get In touch with the company's office at once and send In the coupon for further information without any obliga
tion whatsoever, aa this stock will be advanced, as stated above, to 9150 per share without notice.
We give you aa reference, any bank or business man of Omaha or Council Bluffs, also Dun'a and Bradstreet'g or any Live Stock Commis
sion firm on the South Side, Omaha.
MEMBERS OF THE ADVISORY BOARD OF THE SKINNER PACKING COMPANY.
The members of the Advisory Board of the Skinner Packing Company are men of the highest integrity and standing in their communities
and are interested not only in the great future of the Skinner Packing Company, but they know that the development of this company Is a real
asset to the fanners, stock raisers, and every citizen of the middle west. They are successful from a financial standpoint and are men of sound,
mature judgment, and we doubt If the world has a record of their equal, for Instance: Mr. Robert D. Mousel recently held a sale of pure bred
cattle at his stock farm, Cambridge, Nebraska. At this sale several foreign countries were represented. Fifty cattle were sold for a total consid
eration of 9192,23a The average for each animal was 93,845. This Is the world's record on average price per animal at a sale of this kind.
W. A. Smith, California Junction, Iowa, today one of Iowa's most active business men, a millionaire, and one of the largest land owners In the
state of Iowa and President of several banks. The above Is only two Instances of many that could be mentioned in regard to the standing of
the members that compose the Advisory Board of the Skinner Packing Company, who act in an advisory capacity to the company and are vitally
Interested in the company's welfare and promising future. '
THE STOCK OF THIS COMPANY IS BEINO SOLD DDtECT BY THE OFFICERS AND DIRECTORS OF THE COMPANY
ON A STRICTLY HIGH-GRADE BUSINESS BASIS BOOKS ARE AUDITED BY ARTHUR YOUNG & CO., CHICAGO, ILL.
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