The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-06-10
Tad PRODUCERS FORM
PLAN TO KEEP UP PRICE
Smelter Trust Will Cooperate in Movement to
Send Surplus Metal to Foreign Markets.
Scheme Outlined and Committees Appointed to Arrange
For It's Being Carried Out.

Dues shall be based upon the me-
tallic lead contents of the product and
output of the parties hereto and each
of them, and subject to the market
price of refined lead under the stand
ard quotations as the settling price at
Salt Lake City. Utah. Subject to the
following conditions:
How Dues Are Fixed.
when the settling price for the me-
tallic lead contents in the ore is S4.25
per 100 pounds, then the dues shall be
81 per ton on the metallic lead contents
in said ore. When the settling price is
$3.50 per 1904 pounds. the dues shall be
81 per ton on the metallic lead con-
tanned in said ore When the settling
price is S4.65 or more per 100 pounds.
then the dues shall be So per ton on the
metallic lead contained in said ore
Said dues to be paid to a local treas
ureT or a general treasurer of all the
producers as may be designated here
after.
The collection of all dues shall be
made in the following manner: When
the product of ore or base bullion is
sold and settled for, either under con-
tract or otherwise, the purchaser or
purchasers of the ore or base bullion
are hereby authorized and directed to
deduct said dues from the purchase
price thereof and Immediately pay the
sum over to the designated treasurer.
receiving a voucher for the same. A
voucher shall also be given to the sell
er for all dues so paid.
The time of continuance of this
compact shall be the same as the time
hSed IN the general organization here
after formed.
This compact is only to take effect
after the organization OF a general ma
tional body for the purposes as above
stated. All dues collected by this or
ganizati0n to be used only for the pur-
poses of increasing the demand and
consumption of lead and other pro-
ducts the members of the organization
and only TO be paid out on duly author
lied expenditures by the executive com
mittee to be hereafter designated.
Dues May Be Returned.
IF the demand and consumption of
the product can be maintained without
and cost or expense to this Organiza-
ton, then, the dues paid by the mem
bers hereof, shall if deemed advisable
by the executive committee, be return
ed to the members hereof in proportion
to tn amount paid by them"
The report was adopted after max
ing some alterations. In the original
document the object of the Organiza-
ton was said to be for the purpose. of
advancing the price of lead III the
United StateS.'' The clause was strick-
en- out for legal reasons at the sugges-
ton of Judge LOOfbOurOw, who stated
that to allow the report to go through
in that manner would be unlawful. 1t
was then changed to read advancing
the interests of t1a lead 71rod111orc nv
augmenting the use and consumption of
lead in the United States and foreign
countries"
1t was a question with w. s. MCCor-
nick about getting all the lead prOduc-
ers to sign the agreement framed by
the committee. Some would hold back
he thought, and wait to see how the
plan is going to work before going
into it.
Producers Must Gain.
! In reply to that Chairman Bamberger
said I don't think those who hold out
would make anything by it and if il
came down to pinch T. r. Jones or
whoever is in the ore buying business
might refuse to buy the product of
/ those who do not go in, or if they did.
/ it is possible that charges would be nut
on to pay double the amount of what
/ the dues would be"
] Jesse Knight thought it was just as
/ well then that everybody should 20 into
] the association, that they would have
/ to pay the dues anyway if that was the
/ case. Charley Read wanted to know
/ what T. r. Jones would do with the
! extra s..
/ Mr.. Mccormick thought personalities
were being INDUCED in and the subject
was dropped
Committee Appointed.
This matter disposed of, Chairman
! Bamberger appointed a committee con-
! sisting of David Keith, Jesse Knight.
/ Colonel Miner. w. S. Mccormick and A
! Hanauer, whose duties viii be to inter-
view the Utah producers, secure their
/ signatures to the agreement and also
/ decide on a temporary pIan=Of Organi-
cation.
I 1t was the general opinion of those
( present that q local organization could
not be gotten into working order until
the proposed national organization is
/ cimplete.
The state canvassing committee VIII
make its report as soon as possible and
an executive committee, consisting of
( Thomas KeaTns c. E. Loose and J. z.
/ BambeTger was named TO go to New
/ York, to meet there from similar COM
mittees from other states and take part
in forming a national organization.