This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919. Excerpt: ... Now, that contract is with the Stock Yards Co.? Mr. Armour. Yes. Mr. Heney. The record of earnings and dividends for the past five years, which carries us back before the war, is as follows: Average dividend for these five years, $120,000, which is 60 per cent on amount paid in and 6 per cent on paper capital. On May 22, 1918, the Federal Trade Commission wrote for that information, and here is your letter in reply: Chicago, June 3, 1918. Mr. Francis Walker, Federal Trade Commission,, Washington, D. C. Dear Sir: In reply to your letter of May 22, wish to say that on September 14, 1917, we acquired from the Union Rendering Co., 444.18 acres farm and pasture land surrounding plant, at a total cost of $66,627. No new buildings have been erected on this property. The "property" item shown on our statement, amounting to $1,800,000 represents good will and does not include any tangible property. Yours, truly, Glore Rendering Co., Paul A. Dett, Secretary. Now, the Union Rendering Co. at Omaha, has a similar record. That is controlled and operated by the Swifts, who own about half of the stock, the balance being divided between the Armour, Morris, and Cudahy interests. For 1912, the net profits were $14,636.34. There was only $20,000 ever actually paid in to that company. I do know, that it does not take a large capital for a rendering company. Mr. Armour. No. Mr. Heney. The plant does not amount to much. The percentage of profit on the $20,000 was 73. In 1913, the net profits were $14,542.39; percentage profit, 72. In 1914, net profits, $7,745.93; percentage profit, 39. In 1915, net profits, $13,403.75; percentage profits, 67. In 1916, net profits, $16,140.63; percentage profit, 80. Now, there is just one other that I want to call attention to. The Iowa Renderin...