The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-02-15
THE WOoLEN-GoODS MEN.
They Perfect Their Organization and Discuss
Matters Of Interest to the Trade

NEW YORK, Feb. I4-About two hundred
wooden and worsted manufacturers and coinmis-
sion merchants met this morning at No. 64
White street for the purpose of perfecting the
organization started Dec. Il last. All the
manufacturers in the trade east of the Ohio
river were present The men present were rep
resentatives of $1,000. 900 of capital and Of
23 900 sets of machinery, valued at So, 900 set.
Thomas Dolan of Philadelphia presided at the
meeting. As the first step toward permanent
organization, the committee appointed at the
first meeting reported. After outlining the
ordinary form Of organization and officers, the
report presented the name OF the new organiza-
tion, s'The Woolen-gocds Association" 1t is to
have monthly meetings on the third Wednesday
in each month, and the annual meeting is to he
held on the third Wednesday in January. The
secretary is to be really the active officer Of the
organization. He is to have the management of
the headquarters which to be in this city.
He will he paid salary. and is expected to coll
lect Information for the benefit of the members
in regard to trade in foreign and domestic mar
kets.
This report and the recommendations of the
committee on bylaws was referred to the execu-
tive committee. A COMMITTEES terms and dis
counts. appointed at the meeting OF Dec. 81 last
also made report which was also accepted and
referred to the executive committee. In SUBJ
stance, the committee reported that after free
exchange of views with leading commission
houses and manufacturers it forced the
conclusion that it would be exceedingly dificuls,
TX not wholly impossible, to formulate uniform
system Of terms and discounts that would meet
the necessities of all the various descriptions of
wooIen fabrics. The report continues that the
greatest obstacle in the way of concerted action
was the lack of faith among the manufacturers
and commission men as to the ultimate success
or such action. Only one remedy at hand.
and that was to form association and prove
Its usefulness by correcting Que or two evils
at q time. The committee thought lie best
first to bring before the trade the
or sixty days. 1t was also recommended that
sellers of the following classes of wooden fabrics
form combinations and systems in each class to
establish proper terms of rating and discounts.
First worsted and wooden coatings, suitings and
cassimeres; second, beavers. fur beavers and
overcoatings generally; third, fannels and blan-
kets; fourth. ladies' dress goods; fifth, satinets.
jeans. etc
The cases of undervaluation Of imported wool
en- goods have attracted the attention OF men,
hers OF the organization. For the purpose of
looking after such naturalization of wooden
goods. the Assistant Secretary of the Treasury
agreed to appoint agent of the government,
without pay. and the manufacturers agreed to
pay the salary of that official Some complaint
was made that the Assistant Treasurer had not
made the appointment, and discussion of the
subject followed. The organization has already.
IL seems, Appropriated $50 900 to pay the salary
and expenses of the proposed officer for three
years The general opinion of those present as
expressed in their speeches, that there
would be- no doubt about tns ultimate appoint
meDt OF the officer by the government The
meeting adjourned subject to the call OF the ex-
ecutiye committee