The daily journal. (Salem, Or.) 1899-1903, 1899-12-20
limitations

omy that supply and demand ike
prices, but in this case tho short seller
had set the price before the crop wa
made. What did supply and dernan'
have to do with this2
The association can sell It's hops, TO
the people over there want them ant
must have them. In spite OF the sur
plus in the English crop there is de
mand there for 40 10 80 thousand bale
Of American hops.
II the market here were fixed so Il
would not be panicky, dealers here
would buy 10000 bales for export.
Mr.. Jones gave some instances oI
smooth work by short sellers, and
urged growers 10 put their hops together,
The bankers and business men will
all help, because they want the
grower TO get a good price for his
product; want more money brought
into the state making every body pros.
porous.
Told how the California raisen grow
ers, when on the verge Of bankruptcy,
redeemed THEFT industry, placed il on
It's feet and made II again profitable, by
organization.
lie, emphasized the fact there Is no
politics In this movement. The Repub-
lic,,n, Democrat aud Populist can all
work together. lt is business propo-
stion, aud as combination 10 the order
Of the day, the hopgowers have the
choice Of combining or. being individually
forced out OF the business.
MIR. Jones would probably resent
being called socialist hut he very
clearly showed up the utter breakdown
Of individualism in the hop growi ny
business.
TIL Ford was greeted by round Of ap.
plause when he came forward TO address
the assemblage. He spoke but few
minutes but made some telling points.
lie said that II one man owned all the
hops in the state Of Oregon, he could
deal with the consumer and realize o
good price for the product. BY all
going inte the association the same re-
suit could be- accomplished but acting
M individuals II was impossible.
lie said that il was all nonsense to
say there is no strength in unity, and
lic urged the growers TO organize and
they would then be unit
Mr.. Ford made some telling points
aud was applaudcd vigorously
Among the points covered by Mr..
Ford wero these two; The shyster
dealers were telling the grower that II
he placed his hops with the association,
the receipt lac received would not be
negotiable, and he would be tied up
until the hops were all sold. This Mr..
Ford characterized rs quibble. While
not negotiable" in the sense that u
promisory note was negotiable by simply
signing the name on the back, the hop
receipt could be assigned as wheat
warehouse receipt could be assigned,
and this amounted to exactly the same
thing. The other point was that deal
ers we're telling growers that Jones and |
Hill and Bents were simply working the
association for what they could make
out Of IT, This was in one sense true
The gentlemen wer all hop growers and |
all had hops TO sell. They wanted the
price To rise tor their own sakes and 1
when il should rise ior their hosps il
would rise for every pound of hops in
the state OF Oregon.
DR. llill told the audience that Henry
Weinhart says hc would rather pay 20
'ents for hops than to see them going
Vt 10 cents; also that from IA to lis
pounds Of hops are used to the barrel
ii beer aud no substitutes are used so
ong as hops are less tnan 25 cents per
,Ouud.
Many questions were asked and am
wered. Among them was one touching
he hops ON which private loans have
'een made. These are assigned TO the
ssociation subject to the loan, and the
ender gets his money first. In fact
he lender is benefited by the increase
IA the value Of his security through the
leration Of the association
Touching the question OF storage it
iasstated that a number Of warehouse
ncn at different points had offered free
forage, 6ut Of friendliness To the as
a'.ation and desire 10 see il succeed
Ths question OF gradiag aroused con-
derabe discussion, the proposition
eing that the hops would not be graded
mil se!d, AS that was the only grading
bat would really cut any dgure. Presi-
ent Jones cut OH this discussion in a
Apply manner By shonting' Lets not I,
.aste amy more time talking about
rading; turn in your hops"
a committee OF ten Was appointed To
>mler with the bankers en- the general q
roposition Of financing the association.
hen the COMMITTEES Was made perman.
NJ and President NJ. l.. Jones MAS
ided thereto. The membership is as .
llows;
n, R. Dunn Of Eugene W \, Yoang,
sherwood, J. G, Cartwright, OF Har- :
sburg, II. e. Hansman. of Brownsville. 4
Bryant, Of Albany, j. h. stump, of
aver, ID. Il. Taylor, OF Independence, r.
eller OF butteville, George Thompson,
McMinnyille, and ], ". IIawley, OF :
A
The evening session Of the board OF
Iecios was plotacted until nearly