HOW PACKERS OPERATE
Heney, Francis J.
How Packers Operate As Revealed by Special Federal Investigation Directed by Francis J. Heney MR. HENEY. —The packers start with the loan bank and loan the money to the feeder at a good high rate...
...The packers start with the loan bank and loan the money to the feeder at a good high rate of interest...
...Mr...
...they do the weighing themselves, because they control the stock yards that run the scales...
...Houx.—It is in absolute conflict with the Lord's Prayer where it says: "Lead me not into temptation," and there is no man can stand the influence that is put around him...
...they furnish the feed and sell it at a high price that must be given to the animals during the short time they are in the yards...
...they fix the stock yards charges for yardage...
...they fix the rates on those...
...they control the terminal railroads over which the feeders go out, and over which the finished cattle will come back...
...Houx.—Yes, they do that...
...Heney.—Then, not being satisfied with having a reach-in on the transportation and on the feeding and on the yardage, why after it goes to the retailer they go around and monopolize the buying and the waste with their rendering plants, and at the yards they arrange it so they buy the dead animals...
...So, there is a constant temptation from the time that the thing starts until it is through with for the packer to take advantage, and the opportunity for it...
Vol. 10 • May 1918 • No. 5
