The Florida agriculturist. [volume] (DeLand, Fla.) 1878-1911, 1890-05-21
So per Annull, in advance.

stock holder an equal voice in the management.
and at the same time give the Exchange sufficient
capital to properly conduct it's business. But the
growers failed to take advantage of the oppor-
tunity offered them, and the Exchange to receive
any material addition to it's capital. The ques-
tion for to decide is shall release the
Exchange from it's pledge and advise that it in
crease it's capital to the limit prescribed by it's
charter by the unrestricted sale of it's stock? OF
course it would be desirable to place as much
stock as possible in the hands of orange growers;
but the growers interests could easily be protect
ed by an amendment to the Exchange charter,
providing that only resident grove owners be
eligible directors of that institution. The ad-
vantages of such capitalization are many and
great; two very important ones suggest them
selves at once, viz:
1. The Exchange would be able to control box
material nails, straps ETC., giving these articles
to the grower at greatly reduced cost.
2. Enabling the Exchange to make advances to
such growers as needed help to carry them along
until the shipping season opened-thus control
ing large quantities of oranges that now go to
commission merchants who make advances to
the grower on their crops.
This has been done already to considerable
extent on the coming crop 1t would also be q
very efficient help in perfectng the organization
of the growers. Then the effect of large capital
would be to give to the Exchange dignity and
power which it does not at present possess.
Another subject for discussion is the Exchanges
sy stem of appointing agents in the various
markets., men, who are commission merchants
and who carry on general commission business.
Would it not be advisable instead of this to ap-
point for each market capable men from Florida
men from one "r other of our organizations un-
der salary, to receive and take charge of the
fruit until sold, reporting daily to the home office
the condition of fruit arrival, the general
state of the market and all other matters effect
ing our industry; and then appoint as agents in
the markets the autioneers who sell the fruit
where such arrangements can be consintantly
made?
also recommend that before proceeding with
any other business the constitution be amended
in such points may be necessary.
At the conclusion of the presidents ad-
dress, Dr.. Pratt offered resolution that
the chair appoint a committee of three
to revise theconstitution. TWAS carried
tIHu DI u. I L IbUU3 w. y. IIdFU dHu ~.
II. Manville were appointed and instruct
ed to report as soon as possible.
Hon. C. IA. Bielby at this juncturein-
troduced q resolution recommending a
change in the Agency System of the Ex-
change and suggesting that arrange
ments be made whereby the auctioneers
should guarantee the sales, and that
salaried agents be sent on from Florida
to the various markets to look after and
report upon the fruit.
Mr.. Bielby took occasion to say inintro-
ducing the resolution that he was per-
sonally opposed to them as whole and
in detail, that he offered them by request
as the question had been broughtup and
should like to see the matter discussed.
After the introduction of this resolu-
ton, Mr.. Horace w. Day of Messrs.
Sgobel & Day, the New York Agents of