*Family interests. 1 10 per cent of the stock stands in name of Robbins, 2 per cent in name of Edward F. Swift, and 11 per cent in the name of A. R. Fay and other members of the Swift-Tilden 4 Including 4 per cent owned by Allerton family. 54 per cent owned by Kansas City Stock Yards Co. (No. 30), in which joint family interests and employees own 51 per cent. The Interstate Cattle Loan Co., of Kansas City is affiliated with the Interstate National Bank. TABLE 65.-CORPORATE OF FAMILY INTERESTS OF THE FIVE PACKERS IN OTHER COMPANIES-Continued. LIST 1.-Companies in which two or more of the Big Five are jointly interested-Continued. No. 2100 per cent owned by Darl ng & Co. (No. 83), in which the Morris family owns 54.6 per cent and J. O. Armour 7.5 per cent. 3 20 per cent of the stock held by Western Meat Co. (No. 69) in the name of Edw. F. Swift. In March, 1919, the estate of G. F. Swift secured the balance of the stock necessary to complete 100 per cent ownership, and sold the entire stock to Swift & Co. See p. 279. Adding Swift trusted empoyees the Swift interest would be increased to 48.1 per cent, and including proxies, not elsewhere counted, it would be 52.9 per cent. The proxies thus counted, amounting to 4.8 per cent, are proxies of stockholders whose shares were voted by proxy March, 1918, their shares being taken on the basis of their stockholdings as of Dec. 27, 1918. Proxies voted by E. B. Shugert, secretary and treasurer of Western Meat Co. See p. 277, regarding L. F. Swift's control of policy. Capital stock formerly 15,000 shares (par $100). In June, 1918, Armour & Co. reported as follows: "One-half of the capital stock of this company, or 7,500 shares, was forwarded in November, 1917, to be, and we believe has been, exchanged for shares in Compania Financiera e Industrial. (No. 613.) Exact information not available." 11 The entire ownership was secured by L. F. Swift in 1918, and transferred by him to the Consumers Cotton Oil Mills (not Inc.) (No. 247), which is 100 per cent owned by Swift & Co. See p. 220. 12 60 per cent owned by the Bencini Cotton Oil Mills (not Inc.) (No. 77). 15 C. A. Alling, closely identified with Morris interests, owns 22.5 per cent of the stock, which would make a total of 77 per cent for Morris and 85 per cent for the Big Five. 16 100 per cent owned by the Indiana Reduction Co. (No. 87). 17 C. A. Alling, closely identified with Morris interests, also owns 16 per cent of the stock, which would make a total of 52 per cent. Darling & Co. (No. 83), which is controlled by Morris interests, has a smali holding (0.36 per cent) in the Products Manufacturing Co. TABLE 65.-CORPORATE OF FAMILY INTERESTS OF THE FIVE PACKERS IN OTHER COMPANIES.-Continued. LIST 1.-Companies in which two or more of the Big Five are jointly interested-Continued. No. 100 Family interests. Company and family interests. Includes 0.67 per cent owned by the Allerton family. 210 per cent held by the Western Meat Co. (No. 69), in which Big Five family interests own 79 per cent. All but directors' qualifying shares. In addition 50 per cent of the stock is held by Thos. E. Wilson, Joseph P. Grabfield, and George H. Olney, as voting trustees. Joseph P. Grabfield is sales manager of Morris & Co. and George H. Olney is secretary of the International Products Co. (No. 114). 6 From incomplete returns of later date Armour's 24 per cent and probably Morris's 8 per cent have been assigned in blank and delivered to the estate of G. F. Swift, which also holds an additional 15 per cent in the name of Edward F. Swift, which would make the present apparent holdings of the G. F. Swift estate $15,000, or 75 per cent. 6100 per cent owned by North Kansas City Development Co. (No. 98), in which Armour and Swift interests own 65 per cent. 7 Including 12.66 per cent owned by the estate of P. A. Valentine. 8 100 per cent owned by Sioux City Service Co. (No. 107), in which the Armour and Swift families own 73 per cent. 9100 per cent owned by the South San Francisco Land & Improvement Co. (No. 103), in which Big Five family interests own 68 per cent. 10 Unincorporated branch of Bencini Cotton Oil Mills (Not Inc.) (No. 77). 11 In addition, trusted employees of Morris & Co., and their families own 14 per cent, which would make a total of 44 per cent. 12 In addition, trusted employees of Wilson & Co. (Inc.), own 4 per cent, which would make a total of 12 per cent. 13 Excluding the 42 per cent held by officers of the Chicago Stock Yards, which, with holdings of trusted employees, would make a total of 98 per cent, see p. 280. 14 60 per cent owned by Darling & Co. (No. 83), in which the Morris and Armour families own 62 per cent and C. A. Alling 22.5 per cent. 15 Holding company owning Central Products Co., a slaughtering and packing company in Paraguay. (No. 71.) The American International Corporation (in which J. Ogden Armour is an important stockholder) holds a minority of stock of the International Products Co. (See also p. 343.) 16 Owned by G. F. Sulzberger, who was one of the controlling stockholders in Sulzberger & Sons Co., to which Wilson & Co. (Inc.), is successor, and who is still a considerable stockholder in Wilson & Co. (Inc.), with a representative on its board of directors. 17 100 per cent owned by the Sioux City Stock Yards Co. (No. 37), in which Swift, Armour, and Cudahy own 79 per cent. 18 E. H. Schloeman & Co. is being liquidated and the business taken over by Iowa Horse Commission Co. (No. 115.) 19 Department of St. Paul Union Stock Yards Co. (No. 36), in which Swift and Armour own 63 per cent. 20 Shares without par value. |