Statement of Mr Edward Morris President of Morris Company Before the Commit
Statement of Mr Edward Morris President of Morris Company Before the Commit
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" My first answer is, most positively and unqualifiedly, that no such pool exists, and I would necessarily know it if it did exist, and the Federal Trade Commission has no living witness to the contrary.
My second answer is, that if there were any such "live stock pool, " it would necessarily be reflected in the price paid for the live stock, because it concerns live stock, and because the Federal Trade Commission reports that these five big packers are 4 ' ruthless ' ' and greedy. Where men ar...e ruthless and greedy they do not form an illegal combination to hurt themselves. The object of all such illegal agreements is to get some undue benefit and advan- tage, and there could be no advantage in this case un- less it would be in the price itself, that is, by depressing the price to be paid for the live stock.
Now let us see what the indisputable facts are. The average price paid by the packers during the year 1914 for native steers was $9. 90 per one hundred pounds; in the year 1915 it was $9.
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You can find similar books in the "Read Also" column, or choose other free books by Zing20the20government20to20take20over20the2 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
" My first answer is, most positively and unqualifiedly, that no such pool exists, and I would necessarily know it if it did exist, and the Federal Trade Commission has no living witness to the contrary.
My second answer is, that if there were any such "live stock pool, " it would necessarily be reflected in the price paid for the live stock, because it concerns live stock, and because the Federal Trade Commission reports that these five big packers are 4 ' ruthless ' ' and greedy. Where men ar...e ruthless and greedy they do not form an illegal combination to hurt themselves. The object of all such illegal agreements is to get some undue benefit and advan- tage, and there could be no advantage in this case un- less it would be in the price itself, that is, by depressing the price to be paid for the live stock.
Now let us see what the indisputable facts are. The average price paid by the packers during the year 1914 for native steers was $9. 90 per one hundred pounds; in the year 1915 it was $9.
What to read after Statement of Mr Edward Morris President of Morris Company Before the Commit?
You can find similar books in the "Read Also" column, or choose other free books by Zing20the20government20to20take20over20the2 to read onlineMoreLess
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