The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-10-20
LIVE STOCK EXCHANGE
CONVENTION OF THE NATIONAL AS
ISOLATION BEING HELD HERE.
Substance OF the Address Of President
w. n. Thompson, Jr., OF Chicago
A Banquet at the Grand.

The annual convention of the National
Live Stock Exchange opened yesterday
morning at the Commercial Club. The ma
tional exchange is made up of local ex
changes in Chicago. South Omaha, Sioux
City. East ST. Louis. Fort Worth. Tex.
South st. Paul, St. Joseph, Mo-, Mllwau-
kee. Louisville. Pittsburg. st. Louis and
Indianapolis. The representation of the
several exchanges numbered about eighty
Chicago having the largest number OF men
present-eighteen.
President w. III. Thompson. jr., of Chi
cago. opened the meeting with his report
saying In part:
During the last few years Uncle Sam
has been convincing the world that he is
enough of farmer, manufacturer and pro-
Queer to feed and clothe the whole large
family which mother earth claims as her
own. The rapidity with which this knowl-
edge has spread among the foreign coun-
tries and the demands which have grown
from this knowledge are liable TO tax our
abilities very strongly in all lines Of
production. but more particularly will the
pressure be felt upon the live stock indus
try. 1t must keep pace with the times
This is time OF Improvement and adj
vancement. so We must improve and ad-
vance. We must urge the producer to use
the best breeds obtainable, thereby mar
keting the animal which will grow the most
pounds of high-priced meats to the car
cass. For both the producer and consum-
er this Is economy.
''The industries OF this country are fore
Ing its natural products into foreign mar
kets with success and rapidity. so that be-
fore many years the demand will be great
er than our surplus will be able 10 supply
about in the spirit of our age. The cry OF
the past nifty years has been, TO the cityi
10 the city, That was beneficial for a
should we not say To the country? The
country is deserted by the boys and young
men. The cities are filled to overlooking
and cannot provide labor for all who come.
For the social rest and peace and pros
perity Of our Nation the tide must change
and flow back again. For the betterment
of our commercial interests some of the
Rest OF cur young men should turn their
attention TO the farm and to the raising
OF produce. Let US urge this matter
through the press; let US urge the change
OF study for our farmers sons in their
youth and show our country that in this.
as In all else. we stand not merely for our
own interest, but for the best interest Of
This was followed by the reports of the
other officers and the executive commit
tee. which Is composed OF two members
from tdCn local exchange dflleQ with the
national organization. The report of this
committee showed much work I'm the Sc
curing of uniform federal live stock In
spection at the different markets, the adj
justment of several grievances. the pre-
senting 10 Congress OF several bills bear
Ing upon Interstate commerce, the taxation
OF cleomargarine industries. the length of
time cattle may he detained in cars, sheep
Inspection and the importation of infec-
tious cattle from steamers which had been
used In carrying South American cattle.
In the routine of business matters the
question OF membership of the Kansas CITY
exchange, which dropped out, caused con-
siderable discussion. The matter of re-
newing the relations will be handled by
the new executive committee which will
be elected this morning. as will the officers
OF the association.
The visiting members were rendered a fine
banquet last night at the Grand Hotel be-
Ing the guests OF the local exchange, which
has about seventy members.