Wichita eagle., 1889-02-23
IMPORTANT TO CATTLEMEN.
A Commission Company Formed by
Western Stock RaiserE.

KANSAS CITY, Feb. Representative
| of the stockraising industry from nearly
every state and territory west of the Mis-
sissippi river and from Illinois and Ken
lucky practically completed work OF
vital Importance to cattlemen at the Mid
and hotel today, after a three days SEES
sion. For long time the
cattlenen have thought that
they were losing money through
! a combine between the commissioners ana
the large packing houses which resulted IN
the sale of their cattle at riduculously low
prices. The scheme of forming an I'm.
mense commission company composed OF
the stock raisers themselves, has been
preached and month or SO ago meeting
was held, here. attended by men OF the
west, for the purpose of taking the open
ing steps preparatory to such action but
little was accomplished at the first meeting
and an adjournment was taken until FEB
ruary 20, when the meeting again con-
vened in this city. Today the work was
practically finished and the meeting ad-
journed until Monday, March 4, when the
election of officers of the new commission
company will take place. 1t was decided
TO incorporate the company as the Amefi-
can Live Stock Commission company with
a capital stock of $4,000 and headquar-
ters at Kansas City and Chicago.
The lncorporators Will be sam Lazarus,
A Gregory, of Illinois, and Nicholas L.
Eaton and Thomas B. Buggy, of Kansas
City. Articles of incorporation will be
filed at Springfield, H., on March 2 The
idea of the promoters of this movement is
TO enable them to sell their stock at the
highest price and with the lowest
expense possible and with that
end in view headquarters will be esta6-
lished at Kansas City and Chicago, with
hra hoe ut n.
Tex, and possibly at Omaha, where stock
will be received and sold on the
commission plan. The new COM
pany viii not confine its business
to it's members, but will receive
stock from non-members and do general
stock business on large scale.
A prolonged discussion was had over the
question as to whether members of the
company should be allowed to sell to other
commission men; and it was finally de-
cided that they could, although it is ex-
pected that they will give their business
almost entirely to their own company.
One Of the most important features of the
movement is the possible effect 1T may
have on the cattle business of Kansas City
and Chicago. 1t has been the superstition
among the range men that a very tight
and powerful combine existed in this city
between The commission men and the pack
ing houses. A feature of this alleged
combine was that the packing houses re-
fused to buy from any commission mer-
chant who was not in the combine. Mem
bers of the new organization now threaten
if there is any disposition on the part of
the packing houses here to discriminate
against them after they begin business
here that they VIII not ship head
of stock to Kansas City but
will send their cattle through Atchison
and St. Joseph to Chicago. 1t is for this
reason that the company is going to be
incorporated in Illinois. Some idea of the
of the movement may be had
from the fact that the members of the or
SaniZation now have 1853 coo head OF stock
ready to bring to market.
Andy j. Snlder, the millionaire cattle
man OF this city, While in the commission
business, has immense interests in stock
raising in the Indian territory and he is
one OF the active promoters OF the new
company, 1t is likely that he will be
selected the manager OF the Kansas City
offices Of the company.
The amount of capital stock cannot be
taken as an indication Of the extent of the
plans of the organizers of the scheme.
The company is just organizing and it
would De impossible to have all the cattle
raisers meet at one time. 1t is thought
that as the movement becomes generally
nearly every cattle raiser IN
the west will join the company and make
it a gigantic combination which will
enable each stock raiser to practically do
his own selling.