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About The commoner. (Lincoln, Neb.) 1901-1923 | View Entire Issue (Nov. 15, 1907)
-i " " m""hi--ujimiww-wmm urn mi 111 U1HJ IIM "- itt- OJT'fir'n Wn " "Xtf? I! VJ, N,0 VBJBERn1 6,. 19 0 7 The Commoner. raised the price of those things to the consumer and made no corres ponding increase in price paid for raw material is the chief assertion of the government, and it is upon this general line that the most in teresting trust fight In the country is now heing planned. "When the directors of the Na tional Packing company decide upon the price to he paid for cattle, that settles it for all of the houses," is the information that has come into the hands of the government. All of the other corporations in the country, with a few unimportant exceptions, bow to the wishes of the ten leaders of the food market of the world. As an indication of the extent of the chartered institutions that come under this domination, this partial list is now in the hands of the government: Swift Beef company, Boston. G. F. & D. E. Swift, Boston. N. E. Nossis & Co., Boston. Swift & Co., New York. Swift & Co., West Virginia. Armour &- Co., New Jersey. Swift Fertilizer Works, Georgia. Swift Refrigerator Transportation Co., Maine. Swift Beef cojrapany, Great Britain. Swift Packing company, Germany. Libby, McNeill & Libby, Maine. I Illinois Cattle company, Illinois. Western Meat company. Springfield Provision company. Union Stock Yards company, Omaha. Kansas City Stock Yards company. Fort Worth Stock Yards company. St. Joseph Stock Yards company. St. Paul "Union Stock Yards com pany. Armour Car Lines. Armour Grain company. ' Central Leather company. United States Leather company. G. H. Hammond & Co. Hammond Packing company, Hutchinson, Kan. Hollis Cold Storage company. John P. Squire & Co., New Jersey. Boston Packing and Provision company, Boston. New England Dressed Meat and Wool company. North Packing and Provision com pany, Maine. Sperry & Barnes company, Con necticut. Sturtevarit & Haley, Boston. P. Merwin & Co., Worcester, Mass. White, Perry, & Dexter company, Worcester, Mass. Halstead & Co., New York. C. H. Davis & Co., Norwich. 15 "OFFICIAL INTERVIEWS" Few people in Wall Street had any hesitation in saying, early this week, that the published interviews as cribed to4Attorney General Bonaparte were a potent cause of trouble. Opinion was by no means unanimous in condemning the administration's general policy. But misgiving cer tainly existed as to where and how the next blow would strike, and much depended, as was recognized by every one, en the temper of the pros ecutors. This was why so exceeding ly bad an impression was produced by the interviews in question. Es pecially serjovs criticism was passed on the attorney general's interview of Monday; "There wac a big covey of game, and it would be a very poor marks man, indeed, who could not land enough to make a fine mess." The market's recovery on Tues day was largely due to belief that the "Oyster, Bay conference" would at least put a quietus on such utter ances. "Interviews" have done work of tills sort long before today. It was Secretary Carlisle's unfortunate ly worded statement of April, 1893, that the secretary would redeem the government notes in gold "as long as ho has gold lawfully avallablo for that purpose' which threw the mar ket into the first panic of the year. The statement was in its essence cor rect, but it left the whole question open as to what gold was lawfully avallablo, and thus added force to public alarm, and necessitated Presi dent Cleveland's explicit and reassur ing statement in the matter. But Mr. Cleveland himself once struck a totally unexpected, and doubtless unintended, blow at finan cial confidence, when, having dis cussed in his celebrated. "Venezuela message" of December 17, 1895, our government's purposo of resisting England's policy, ho concluded, "In making these recommendations, I am fully alive to tho responsibilities in curred, and keenly rcallzo all the consequences that may follow." A stock exchange panic ensued at once. As with his financial secretary's statement of two years before, tho objection to Mr. Cleveland's language was not that his general attitude was wrong or his facts erroneous, but that the words employed neodlesHly stirred up alarm and misgiving at a wcro already timo when markets shaking. The public officer who understood better how to deal with a situation of such a character as now ojcistn was Attornoy Gonoral'Knox. Confronted aftor tho Northern Securities de cision, with tho question whether swooping prosecutions would ensue, ho answered briefly: "Tho govern ment will not run amuck." This did not commit tho department; but It was extremely tactful, and put an end to financial fright. 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