Word: armour
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Dates: during 1920-1929
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...Armour & Co. were in financial difficulties." So were Morris & Co. They merged-Armour buying out Morris-lock, stock...
Pressed by the Farmers' National Council and other lobbyists, the Department of Justice filed a complaint against the Armour-Morris merger. The packers insisted that the merger had been negotiated with the implied consent of the late Secretary, Henry C. Wallace, Mr. Jardine's predecessor. Government counsel denied this, insisted that Mr. Jardine should rule against the merger as a violation of the Packers and Stockyards...
...Jardine called a hearing. Lawyer-spokesmen for the companies arrived. Chief of the Armour lawyers was Alfred S. Austrian. His points...
...fusion of two firms does not violate the law unless it places one in a position of dominant control," which this fusion did not do, since Swift & Co. does more business than Armour and Morris combined. (Of all animals killed last year, Swift killed 24.2%, Armour-Morris 23.5%.) Besides, the big packers find that their sternest competition is with the 1,300 smaller packers...
...Recently, Armour & Co. refused to buy from "traders" because they gorged the hogs* with food and water to increase their weight. Although this embargo was repealed at the insistence of the Department of Agriculture, it illustrates the power of the big fellows...