AMERICAN TRUSTS.

Evening Post, Volume LXXIX, Issue 69, 23 March 1910, Page 7

AMERICAN TRUSTS.

INDICTMENTS BY GRAND JURY. AN APPLICATION. PROPOSED DISSOLUTION OF A COMBINE. By Telegraph. — Press Association.— Copyright. (Received March 23, 9 a.m.) NEW YORK, 22nd March. TJie Federal Grand Jury at Chicago has indicted the National Packing Company and subsidiary concerns on charges of violating th© Anti-Trust law. Tho United States district attorney haß applied for dissolution of the Beef Tnibt, and has named the National Packing Company, and the Armour, Swift, and Morris Companies, besides the individual directors. The Grand Jury at Jersey City last month instituted a prosecution against the directors of the Beef Trutt, including Messrs. J. O. Armour and G. B. Swift on charges of depleting the mar ket and so enhancing the prices of foodstuffs. Tho New York correspondent of the London Daily Clnonkle reported to his paper on the 7th February that official returns showed that food to a total value of £600,000.000 was being hold in various trusts' cold stores. The tol/il included 14,000,000 carcases of cattle, 25,000,000 carcaf.es of sheep, 50,000,000 pig*, and £5,000,000 worth of fish for the Lenten season. The correspondent added : "Despite the increase in railway receipts and other signs of prosperity, American financial circles are thoroughly unsettled by the Government's attitude towards trusts. The value of the stock of thirty-two railways and twenty-nine industrial combinations depreciated by £207,000,000 in hx months owing to the fear of trust prosecutions being- instituted." Mr. Garup, Assistant District Attorney, who had charge of the Government's enquiry into the American Beef Trust, recently stated that agents of tho Trust in Jen-ey City attempted to bribe him by oflering him £200,000 to drop the enquiry.