OLEOMARGARINE. 27 1 



any more about that process than a pig does about side pockets, or 

 something to that effect. 



Now, gentlemen, we are coming to the opponents of the bill. 



They have assembled here from day to day almost as patiently as 

 this committee. They are law-abiding, God-fearing citizens. They 

 have appeared personally and by counsel. They have testified when 

 they could and listened to the other side when they could not. They 

 have done nothing to detract from the dignity of debate, have spoken 

 when invited, and with confidence in God, the Constitution, and the 

 Congress of the United States. They have presented, when allowed, 

 the reasons why they are entitled to enjoy the inalienable rights of 

 life, liberty, and the pursuit of happiness, including, as lias been said, 

 the right to hold their property secure from molestation and confisca- 

 tion. They have made less noise, but really outnumber and are 

 infinitely better behaved than the friends of the other side. 



Among the opponents of this bill we find the oleomargarine manu- 

 facturers, who are here resisting practical confiscation of their property. 



Some years ago, before my general practice became as extensive as it 

 is now, I did a great deal of loaning of money for certain wealthy 

 clients. Among other things I was called upon to investigate was the 

 subject of making loans on factory property. And those who have had 

 experience will bear me out in stating that a factory property is not 

 considered a proper subject for a purchase for any business other than 

 that for which it was erected; and even when in active operation is 

 good for a loan of but a small per cent of its actual cost. 



We have our machinery, which could not be used for anything else. 

 We have our signs and I want to say right here that the oleomar- 

 garine manufacturers have spent thousands and thousands of dollars 

 in sending signs broadcast over the country, not for the purpose of 

 aiding in any deception, but for the purpose of advertising their prod- 

 uct. These necessarily are a complete loss. There is the good will 

 which has been built up, the money which has been spent in advertising 

 and sending men over the country and talking up their product. On 

 all of this expenditure returns are not yet in. It is an investment for 

 the future. 



Now, as to the plants of the other people, I do not know; but I do 

 know this that our little factory in Cincinnati paid, not for the build- 

 ing site, etc., but for the plant proper, situated on a leasehold, $18,000; 

 and that property would be practically valueless if this bill were to 

 become a law. And, gentlemen, are we not entitled to have our prop- 

 erty taken from us, if it must be taken from us, only by due process of 

 law! Are we not entitled to be paid for it if it is taken? And yet 

 there is no provision in this bill to take care of any questions of this 

 kind. 



The ACTING CHAIRMAN. Do you think it would entirely destroy the 

 value of these properties? 



Mr. SCIEELL. I think so; and I make that statement' from experience 

 in estimating the values of factory plants. Even when a plant is in 

 operation, it is not considered a good subject for a loan, because if the 

 business should fail, the factory is considered a dead loss. 



The ACTING CHAIRMAN. That statement admits, it seems to me, 

 that the only chance to sell this product is by giving ic this yellow 

 color. You have said that color does not affect the healthiulness of 

 it it is simply a concession to the custom and taste of people, and is a 

 mere matter of appearance. Have you considered the question whether 

 it would be possible to cultivate a taste for an article not colored iu 



