Kansas City daily journal. [volume] (Kansas City, Mo.) 1892-1897, 1895-02-09
MARVELLOUS GROWTH
GREAT EXPANSION or KANSAS CiTY's
LIVE STOCK TRADE.
HAS ATTAINED SECOND PLACE,
THE LIVE STOCK EXCHANGE HOLDS
IT'S ANNUAL MEETING.
Secretary woodbury's Report shows the
Progress of the Past hear-Nomina-
tions Made for Onicer. Money
Donated to Aid the Poor.

The annual meeting o. the Kansas C'ty
Live Stock exchange was held Yesterday
afternoon. The attendance was large an"
an unusual Interest was taken IN the pro-
ceedlngs. President j. {. Mccoy called the
meeting to order and opened II with some
timely remarks on the progress OF the
exchange during the year which were well
received. lie said:
President McCoy's Address.
This Is the annual meeting Of our eN-
change and you have been called tosetner
by the board OF directors that they may
give ~ you an account OF their stewart
ship. What has been accomplished DUR
ing the past year vii, be reported by the
secretary IN his review, and II ma! ho' o-
necessary for me TO say anything ana l
promise not TO detain you. But It may ho'
be amlss for me to call your attention 10
certain matters that Will probably not be
touched upon by him and to congratulate
the membets upon the advancement made
during the past year both by Kansas city
as a live stock market and our exchange
as commercial organization.
"The true value and Importance OF our
exchange Is just beginning to he felt, both
by its members and the business Worli'
heretofore the framework and super
structure We're being built by those men,
you in past years chose to construct the
ship and launch Il forth on the sea OF com.
the officers the past year TO see that she
was stecred In such a manner as 10 re-
fleet credit upon her builders ana 10 Sc
cure the respect of her competitors anu the
business world.
I'VE have the second largest live stock
market In the United states and the nrst
live stock exchange In point of orghniZa- :
tion, usefulness and general character OF
It's membership. We are to-day the largest
commercial body Of men in this city IN
individual membership. We have to-day
not only the largest commercial organi2a-
ton in the city. but with out just and
equitable laws, our various agencies for
advancing the general welfare of the live
stock industry, not only of Kansas City
and the West. but the whole United States !;
have an organization that Is of the highest
practical and everyday benefit to those
who enjoy It's privileges; II has been
placed upon its proper pedestal of honor
and is looked up TO as the guardian ana
protector of the live stock industry of this
great city. Withdraw the moral influences
exerted by the Kansas City Live Stock
exchange In the enforcement Of it, rules
and corruption would 50 envclop the trade
that all honest men would Shun IL. l am
Stock exchange and glad that am MEM
ber of an organization that can so move
the cold, stern business realities of life
as to make them exert an influence for the
advancement and betterment of mankind.
"It Is true that there are strenuous ef-
forts being made at this time by nisin-
formed persons to have the Kansas legis-
'laturc leGislate out OF existence our organ
tzation. but anyone who has given the ma I
ter due consideration must know that II Is
of as great a benefit to the shipper of live
stock to this market as to ourselves. 1t Is
his guarantee of the faithful performance
of duty BY his agent. his commission man.
! hope the day is not far distant when thu
true character Of our organization VIII be
known and appreciated by those who now
wish to pull 1t down.
have been observed have but to remind
You of the fact that. with membership
OF 800 men, all actively engaged IN business
with each other and their patrons, hand
ling almost 5,000OO1 head of live stock, ag-
greGating in value over SOS, 900 600, repre-
senting thousands of various trades and
transactions, there was called to its attcn-
tlon, during the past year, only one case of
dishonorable conduct. and that involved an
amount not to exceed s.. The party was
promptly disciplined, and for time sus-
pended from privileges our arbitration
committee. formed tor the purpos" OF adj
justing commercial differences. was called
,oStthtr "tlE .tnIe" tllheS, lh'rc mas n3l
been a compliant made 10y patron OF TINS
market that he has not been fairly treated
by member Of this exchange that, upon
inyestration it was found that the facts
warranted discipline Under the influences
of the exchange every man has traded fair
ly with the other, and patrons of this mar
ket haYc had no cause for complaint.
We are told tnat ours Is an organization
combined for The purpose OF maintaining
our business. say Il Is not SO, II was
formed for, the purpose of facilitating bust,
ness, guarding our own an! our customers
rights, and to make men honest, honorable
and upright, and to see that they conduct
in"r business according 10 the principles
of the Golden Rule.
The hoard nf directors have had a hard
and lahorous year ana have lNbored faith,
fully for the advancement of this as live
stock market, and accomplished mucl
good. To them Is due much of the ad.
Vauccment made last year II Is "a mattel
in which every member can take pride
that Of the -four principal markets, name
ly Chicago, omaha. St Louis and Kansas
city all show a marked decrcasc IN thcii
receipts Of Cattl" except this. and we show
gain of almost %n" head II is an iudi
cation of IN" presttg" our market is fas
gaining in the live stock commercial world
] desire to call your attention TO only on,
other matter, and that is in regard 10 III,
reports ~ suffering that come To Us from
tn" extreme Western prairios of Kansas
Nebraska and oklahoma, and tho destitu
tion Of tho unfortunate poor right AT oul
own doors. This exchange has never We
failed To respond to the call Of those IL
need, and u occurs to me that This IS
most oppnrtune time 10 show the symrHthN
We feel irr those In distress You win b,
called upon this afternoon to take actor
in this matter"