The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-21
FOR A new PORTFOLIO
GARNET, MINISTRY OF COMMERCE
URGED ON THE PRESIDENT
BY sFoCKMEN
NATIONAL STOCK EXCHANGE

NATIONAL STOCK EXCHANGE
Its Opening Session Was Held Yes
ter,iuX- Mt the Ryan - Last Night
the visiting Cattle Dealers Were
Banaaeted by the south ST. Paul
observation-disclosures OF the Visiting
Party Were Also Entertained.
Cattle and their condition, before ana
after death, the prices of the grains and
grasses. they feed on, the laws, or freight
rates, or anything else which affects their
market, alive or dead, are all alike sub
jects of vital interest to the National
Live Stock Exchange, which opened us
tenth annual convention at the Ryan no.
tel yesterday and speedily passed resolu-
lions urging the comforting of greater
powers on the interstate commerce com
mission and the creation of cabinet
department of commerce and Industries
as steps toward the accomplishment OIL
more stable conditions of trade.
1t is a business-like, hale and hearty
body of men, hurrying business through
with the same neatness and dispatch
which characterizes the transit OF
"beefer'' or a .'porker' through the pack
ing houses with which they have to do
Such. at least, was the case with yes
+erday's affairs, the business session OF
the day being devoted to matters which
had received the attention of the exec
utiye committee and had been we'll di-
- bl NJ
ton, who knew what they were here for
and did it.
The executive committee met yesterday
morning. and when the convention met
at o'clock, opening with the presidents
address. the convention moved like clock
work.
In his review of the past year, W. H.
Thompson, of Chicago, the president
said, in DartI
AS we are about to enter upon the
deliberations INCIDENT to our tentn anliua.
convention in this beautiful city, known
throughout the world as one OF the pIln-
cipal commercial centers of our coqntry,
g graz Of which the Father Of Waters
can boast 1t IS my privilege to say d few
words about matters in which we nave
deep and abiding interest.
We are nearly at the close of the most
prosperous year our constituency tthe
producers of this country have en1oyed
since this organization came into eX-
iStence, a decade ago.
notwithstanding the reports of wars
and rumoTs of wars, and the attacks by
politicians upon trusts and combinations
the nineteenth century is fast drawing
to a close, will soon become history, ara
the beginning of the century bids fair to
become historical as one OF the most
profitable years to the bone and S1neW
of our country that they have ever en-
loved
keted the best grade of cattle are re-
ceiving their reward from twelve to
twenty dollars per mead more IMAM one
year ago, and this they are justly entitled
to.
1t has always been the aim of this
organza ton IN an ITS aeH9eratl ions , On
to deal religiously to avoid anything
smacking of politics and far be it from
to utter anything that could be con-
but rather let us look to The other rea
sons UNDERLYING the. success and pros
perity of the live stock producers.
Like the proTerbial dripping water
W!Tearing, away stone, the ea aiTei,ad
efforts of the live stock raisers to better
the quality of their herds and focks has
already borne the fruits of that pains
taking. and to the, abolition of the
scrub animal, and the results attained
by the introduction of thoroughbred
breeding into their herds and iocks can
tended their efforts, and for which thew
are now commencing to reap their just
In order to meet competition in this
and foreign countries. the producers can
not give the matter of breeding too care
full and thoughtful consideration, for in
their Success. which win be measured
only by their ability to,supply the choice
est meat food products obtainable on
SELL, TO THE WORLD
Our commercial relations with foreign
countries are becoming greater each
year. and with our increased exports of
other commodities comes also an in
creased demand for our live stock and
meat food products, which have to com
pete with similar products from other
countries and in the same ratio as the
producers better the breeding, feeding and
finishing of their matured animals will
the demand for the same be stimulated
AS we look with pride upon the flag Of
our country, with its motto Of Liberty
unexpectedly ly,- inscribed thereon; SO
commerce, with the greatest of notices
ever before Us, ITO feed the hungry and
fact that the resources of this country
are more than ample to clothe and feed
the civilized world, and the chief OBJ
stacle confronting US is the embargo
placed by some countries on our exports.
The people of this country being pre-
eminently producing nation, it be-
able means he can command to improve
his lands. his crops and his live stock BY
securing and cultivating the most fertile
soil with the best adapted and choicest
seeds, and his live stock with the best
grade" or thoroughbred strains obtain
able. and in doing this he becomes the
better farmer and feeder and conse-
quently the better citizen.
Upon the success and welfare of the
producer in great measure depends the
prosperity of our country.
The young men of our time who are
becoming farmers and those who are
inclined to make this industry their pro
fessiOn. should be encouraged, not only
through the public press. but in our
schools and colleges, the curriculum of
which should embrace special studies for
this class of scholars, directing and en-
riching their minds along such lines as
will assist them in making a success of
As the markets Of the world look to
country looks to its yeomanry, not alone
for this, but for its best statesmen, its
best soldiers, and, in fact, for all of its
best servants, where all the sterling
qualities of perfect physical and mental
manhood are to be found.
The National Live Stock exchange. has
taken part In a strong effort which is
now being pushed to introduce our corn
as an article of food into foreign coun-