Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1904-01-15
THE CLOSING
SESSION
Live Stock Association Demands
Cessation ofAbuses Of Trans.
portation Companies
ABL E ADDR ESsES S
Chancellor T.. Benjamin Andrews
Discusses Methods of Raising
Price Of Live Stock

PORTLAND. Ore. Jan. 1.-THE
closing session of the national live
stock convention today was devoted
to the completion Of a large amount oil
routine business. Addresses were lis
tened to on various phases of the IN
dustry and there was a continued dis
cussion Of railroad and forest reserve.
matters.
Resolution were passed advocating
an elastic currency. President Spring
Ell explained that the object was to
get a currency of such elasticity that
"stockmen would not have twelve per
cent money and Wall street gamblers
have four per cent money
In relation to transportation mat
tiers a resolution was passed calling
upon the transportation committee to
meet as soon as possible and demand
that transportation companies cease
their abusive treatment Of the live.
stock industry
Chancellor e. Benjamin Andrews Of
the University of Nebraska delivered
an address on the subject, Us the
production of livestock keeping pace
with the demand?"
Andrews Address.
-
Is the supply of beef cattle keeping
up with the demand?
In sense, II the least time and
space are allowed for, the supply and
the demand of an article traded in
are always equal. Any cause tending
to sunder them is at once annulled by
its own operation. II the supply tends
to run ahead, prices fall and demand
Increases to meet the supply again.
II demand starts to grow away from
supply and demand. Strictly there
on again, or else supply increases to
meet the demand. The effect of these
movements Is Immediately an equa-
ton at some price or other, between
supply and demand Strictly there
fore, demand can never, for any
length Of time or width of space, get
away from supply.
or beef. like any other merchan-
disc, there will always be supply at
some price II will never cease 10 be
possible for people who can pay the
price OF beef 70 obtain 4, though Of
course the price might conceivably so
soar that beef could be procured only
by those of ample means. And there
will always be a demand for beef.
Well-to-do people enough will forever
exist to keep up certain demand,
however high beef prices may rise
To create clear issue let us state
our question thus: Is the supply Of
beef likely TO continue sufficient ft
present prices or. after little viii
lower prices rule or higher prices
The question calls for inquiry into
the probability of the beef cattle de.
mand during the years just before u.s.
discuss, first. the probable supply
OF beef cattle during the immediate
future, meantime. for simpiicitys
sake. supposing the demand - remain
about the same as now.
There are canses at work tending
to diminish the supply Of beef cat
tie and certain 10 do this unless de
mand Increases question to be con-
sidered In few minutes. The free
pasture area on the public domain
is lessening. Thousands OF acres of
that pasture have been ruined through
lack of supervision.
Here is Of course the great argn.
ment for public land leasing law,
over which So much controversy has
arisen. Into this do not enter; but
II is clear TO all that II such law
could be devised. which would enable
stock owners to control their ranges
20 that care for the land would pay,
and at the same time not hinder honest
homesteading. great and permanent
good would be done.
Az II is. It being no ones interest 20
prevent. precious soil Is blown away
by The wind, covered with gravel by
millions Of gophers. trampled by cat.
tie. quilted into rivers BY rains and
streams. and made desert by thieves