THE AMERICAN TRUST

New Zealand Times, Volume XXXII, Issue 7019, 6 January 1910, Page 3

THE AMERICAN TRUST

ITS LATEST OBJECTIVE. Some concern is being felt in certain quarters at Homo at the prospect o the American Beef Trust extending i. connection with.the Argentine to such a? extent as to imperil - the trade between Argentine and the united Kingdom Dalgcty’s last weekly review quoc -s lit length from a letter written by a Buenos correspondent of the London •'Times'* on the position. ‘‘The Times" correspondent says that there are those .who claim that the trust is now operating in the Argentine .Republic, not only with a view to keeping up its supplies to the British market, which are falling oil from the SPates, and enormously increasing from the Argentine Republic, but also in the near future to ship meat to the United States themselves, where the shortage is every year becoming gi eater. However this may be, the principal object tho trust has in view in the Argentine Republic is the control of a -new field of production which will enable it to retain its monopoly of the business both in the United States and ill Great Britain. Their tariff will prevent the trust from importing meat into the United States, except under abnormal circumstances, hence the Argentine product will be sent to England. The refrigerating, preservation, and shipment of meat is to the cattle industry what the refining, piping and marketing of tho petroleum is to the oil industry. By controlling these processes, Mr Rockefeller has built up the greatest monopoly in the commercial history of the world. By controlling the several processes in the preparation, transportation and storage of meat, tho American ATe'-it Trust has been able to secure a similar monopoly in tho meat industry. This monopoly is threatened by tho surprising increase in tho production of beef cattle in the Argentine, and unless the

supply is at once secured or control in tho interest of the American concerns, the position, of the trust, both at home and in foreign countries, may be seriously impaired.