Business: Happy Packers

Pleased last week with the world, the flesh and the U. S. Supreme Court were Gustavus F. Swift, Robert H. Cabell, Edward Aloysius Cudahy, Edward Foss Wilson, all U. S. packers of meat. In November 1933, the U. S. Government begar collecting a pork-processing tax. Set at $2.25 per cwt. of pig slaughtered, the tax yielded $255,000,000 by June 1935. Then packers went to court, got injunctions against further tax collections until AAA's constitutionality could be determined. The special tax funds, in escrow, awaited the Supreme Court's decision. Last fortnight the AAA became...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!