OCR Interpretation

The day book. (Chicago, Ill.) 1911-1917, January 02, 1917, LAST EDITION, Image 3

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1917-01-02/ed-1/seq-3/

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I'The little fellows don't know-
it's the matter with the meakin-
jstrv of the country," said Tom
fcuddy, veteran Texas cattle raiser
nd independent packing millionaire.
They can't realize how the packers
have the market tied up.
"During the convention in Chicago
recently, when most of the big rais
ers of cattle discussed the conditipn
of the market that is driving hun
dreds of raisers out of business every
year, a German farmer and grower
TosejUp and addressed the assembly
of cattlemen
" 'My name is Wm. Depres of In-'
dian Springs, DL Lwant to tell what
the stockyards gang did to me. When
Mr. Armour donated the money to
the Republican state committee he
donated $800 of my hard-earned
" 'I shipped everything I had on
hoofs into the Chicago market when
the quarantine was on last summer.
The -market could not help but be
good because there hadn't been
. much cattle sent' in for three weeks.
V " 'When I did get in my cattle were
first in the pens. Do you think I got
' a high, price? Why the stockyards
gang knew that I couldn't ship out
again hecause of the quarantine, so
they cut prices until I lost $800. 1 had
to sell my steers for $800 less than
it costvme to raise them.'
"This farmer was dumfounded. He
knew that something was wrong
with the way things were run in the
stockyards, but he didn't know what.
"The big raisers of cattle are wise.
They don't sell a single steer to the
yards gang, but they do sell to small
er growers, who take the animals
and fatten them. When the little fel
low gets run out of business by the
methods of Mr. Armour or other
Stockyards packers it hurts the
trade of the big fellows. So they
' organized, formed plans for the Bor
Taad resolution calling for, su federal
investigation of the packers, started
am independent plant in Kansas City
and called the convention in Chica
go. They are roused.
"Every year hundreds of raisers
have been run out of business be
cause when they took their cattle to
market they could not get a price
that would pay for the raising.
"The cattle raisers are against the
packers owning stockyards. That
gives them complete control of the
situation. Imagine yourself selling..
You have to trust your cattle with
the stockyards bunch while await
ing a chance to sell. You have to
jump in at the best moment. Mean
while you pay fancy rent for the use
of the pens. The longer you leavs
your cattle waiting for good prices
the more you have to pay out in rent
and this comes out of your profits.
"If your cattle are held -over night
the packers call them stale cattle
and take off 25 cents a head. .When
you have a drive of 10,000 this
amounts to $2,500.
"Then you have to pay for feed
and care. When you finally step up
and sell you may npt even get back
what it cost you to raise the cattle.
"The grading of the cattle is all
done by the packing men. - Stock
growers say they don't get a square
deal on this. The weighing of the
animals is also up to the packing
house buyers. You have to take their
word for it
"Meat prices are kept down in the
stockyards in this manner. The
market opens steady., That means
the price -for steers Is the same asy'it
was when the market closed the
night before.
"Then perhaps Armour & Co. -will
offer 2-5 of a cent off the steady
price. Buyers hold off, but a few sell
at this figure. Along comes Swift &
Co. offering to buy at 3-5ths off; then
Cudahy may offer to buy at a cent
off,. 'jao the tjattlemen. are forceJL io
!&' f

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