Cape May County Times, 12 July 1918 IIIF issue link — Page 8

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80UTH SEAVILLE. Miu Marsu«t Steelman, of Camden. epent Tuesday with Mra. Uda John Bury and family visited relatives in Millville on Sunday. Mrs. Leslie Foster was in Wildwood on Tuesday. Edward McAllister spent the weekend with relatives in Millville. Miss Mary Pierson is visiting relatives in Camden. James Hanna, of South \ Ineland, spent Sunday with friends here. Harold Ross, of the V. S. S. South Carolina, spent the past week with his father, George Ross. W. Seaman Abrams has opened his house here for a few weeks. Miss Florence Corson has accepted a government position at Washington. D <£orcr McClure, of Millville, spent Sunday with his aunt. Mrs. Rose HllMrs. Walter Sharp, of Sea Isle, spenf Tuesday with Mrs. C. M. West-

cott.

Calvin Ellenbenser and wife were shopping in Philadelphia on Friday.

SOUTH DENNIS.

Mr. Albert Miller spent Sunday with

bis parents.

Mr. and Mrs. Wm. Bramell are spending the summer at Atlantic City.

Miss L. Godfrey, of Bayville. L. L. spent last week with Mrs Cbaa. Fid Mr. Jas. Hasbrouck is the owner of a new horse. Miss L. Godfrey and Me and Mra. Chas. Fldler spent Thursday at Cape

May.

Howard I-udlam and family spent Sunday with Miss Sophia Ludlam. Coleman Learning and wife, accompanied by JJlss Sophia Ludlam. motored to Ocean City on Friday. Jas. Eld ledge and M. Hutchinson have employment at Cape May. Lawrence McKaig and family spent

Thursday at Cape May.

A. T. Bacon and family called on A.

J. Meerwald on Thursday.

Paul McKaig Is a victim of measles Jas. Boyle has been called for service and will entrain for Camp Hum-

phreys. Virginia, on Tuesday.

Mrs Jennie Hand Is visltlt.g her parents. Mr. and Mrs. Robert Sutton. Workers at the Red Cross rooms last week were: Mrs. E. Devltl. Mrs J. Crandol. Mrs. C. F. Learning. Mrs. Lewis Edwards. Mrs A. J Meerwald. Mrs. Jas. Hasbrouck. Mrs T. S. Ml 11 ”- Mrs. L. Nickerson. Miss M. V lam. Miss M. C. Ludlam. Miss ... lam. Miss Marguerite Meerwald. Miss Ethel Nickerson. Mrs J nouglaa. Miss E. Meerwald and Mrs. Cbaa. NlckerThos Holmes and sisters spent Thursday at Cape May. I Miss Ella Morton visited Avalon

last week.

A number of our people are doing their bit by following the instruction of the government “To raise s pig."

All you are asked to do is to buy only necessary things and then loan— not give—your savings to your Government to help it light your war.

Camden Safe Deposit & Trust Co.

224-226 Fadwtal Strset, Camden, ft 4.

J 1873 «

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The efficiency of our Trust Department is attested by the growth and volume of the trust funds handled by this company. Trust Funds January I, 1880 $42,729.41 Jammy 1. 1890 121319.10 January I. 1900 U88.077.90 Jamaiy I. 1910 4.974,25227 February 1, 1917 13.06530037

EDWARD L FAR*.! FULTON. Ar«. Sac. A T>

All the County News worth reading .every week In the Cape May County

Stamps are not for children only. Tlme ^ |i.so per year.

t forget that the War Savings

Herman R. Fehrlc Bowling Alleys Sea Ule City 4Riverside, 528 Kossuth Si.

ALBERT AMBERG ARTISTIC Photographer Views Taken of Croups and Cottages Eutrain's Kodak Supplies HAWKE PUCE At Ocean Pier SEA iSLE CITY

Are the Packers Profiteers? Plain Pacts About the Meat Business

The Federal Trade Commission in its recent report on war profits stated that the five large meat packers have been profiteering and that they have a monopoly of the market. These conclusionK, if fair and just, are matters of seridos concern not only to those migaged in the meet packing busineas bot to every other citizen of our countryThe figures given on profits are misleading and the statement that the packers have a monopoly Ls unsupported by the facts. The packers mentioned in the report stand ready to prove their profits reasonable and r

The meat business Ls one of the largest American industries Any citizen who would familiarize himself with its details must be prepared for large totals. The report states that the aggregate profits of four large packers were $1-10,000,000 for the three war years. This sum is compared with $19,000,000 as the average annual profit for the three years before the war, making it appear that the war profit was $121,000,000 greater than the pre-war profit. This compares a three-year profit with a one-year profit—a manifestly unfair method of comparison.. . It Ls not only mLsIeading, but the Federal Trade Commission apparently has made a mistake in the figures themselves.

The aggregate three-year profit of $140,000,000 was earned on sales of over four and a half billion doUars. It mesas about three cents on each dollar of sales—o- a mere fraction of a cent per pound of product. Packers' profits aje a negligible factor in prices of live stock and meats. No other large business is conducted upon such small margins of profit. _

Furthermore—and this Is very important—only a small port ion of this profit haz been paid in dividends. The balance has been put back into the business. It I ad to be. as you realize when you consider the problems Ihe packers have had to solve—and solve nuiikly—during these war jears.

To conduct thLs business in war times, with higher costs and the necessity of paying two or three times the former prices for live stock, has required the use of two or three times the ordinary amount of working capitaL The additional profit makes only a fair return on this, and as has been stated, the larger portion of the profits earned has been used to finance huge stocks of goods and to provide additions and improvements made necessary by the enormous demands of our army and navy and the Allies.

If you are a business man you will appreciate the significance of these facts. If you are unacquainted with business, talk this matter over with some business acquaintance—with your banker, say —and ask him to compare' profits of the packing industry' with those of any large industry at the present time.

No evidence is offered by the F'ederml Trade Commission in support of the statement that the Urge packers have a monopoly. The Commission’s own report shows the Urge number and importance of other packers. The packers mentioned in the statement stand ready to prove to any fair minded person that they are in keen competition with each other, and that they have no power to manipuUte prices. If this were not true they would not dare to make this positive statement. Furthermore, government figures show that the five Urge packers mentioned in the report account for only aKHi! -^ne-third of Ihe meat business of the country. They wish it were possible to interest you iq the details of their business. Of how. for instance, they can sell dressed beef for less than the cost of the live animal, owing to utilization of byproducts, and of the wonderful story of the methods of distribution throughout this broad land, as well ms in other countries. The five packers mentioned feel justified in co-operating with each other to the extent of together presenting this public statement. They have been able to do a big job for your government in its time of need; they have met all war time demands promptly and completely and they are willing to trust their case to the fairmindedness of the American people with the facts before them.

Armour and Company Cudahy Packing Co. Morris & Company Swift & Company Wilson & Company