Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1905-11-14

ny luc Slccl tEuSI VI dS COppcI Cdu
| Only be sold through the copper SELL
ing company, part of the Amalga-
mated.
Common sense will show us that
| il the woOlgrOwers of Montana will
take up this matter and successfully
solve it, every other state in the union
will follow suit, or it may be possible,
by a stretch of the imagination, to
head.
Having arrived at this point, the
question will arise, can such an i'm
mense business be run in a manner
entirely satisfactory to all concerned?
Will not the officers of such an or
ganization see abundant chance to
graft upon the patrons even as the
insurance officers are now grating
upon and stealing from the policy
holders? And we say that it is en-
tilely within the possibilities to con-
duct business on such a basis that
graft by the officers will be abso-
lutely impossible and that men can
be procured to officer such a business
VINO are absolutely honest. But, what
method could be adopted to be the
precursor of such results. you ask.
"The business conditions we would
see established by the wool growing
interests are Iiametrically opposite
from those in vogue. The first OBJ
ject of the incorpOrators of a bust
ness concern is to obtain the largest
possible revenue from the public in
general: how to give the least for the
largest price obtainable. This meth
cd leads to concentration, and. final
ly. to the oppression of the public.
Our plan is to benefit the largest pos
slble numbers, the primary owners
of the wool, with the least possible
expense; to give them every cent their
product will bring, and in order that
the revenue may be larger, to cheaper
the method of handling it. To obtain
these new results, new business meth
DDS must be inaugurated How this
will ultimately be done time will tell.
I'VE promised to disclose our plan
fOl sucn an business and though we
do not, by any means, claim that the
idea is original with us, yet we have
been so impressed with it's merits that
we think it can be put in practice in
such an business as we have prOpOs-
ed 1t is this
Let a number of Montana wool
growers incorporate a vol selling
| company, with capital sufficiently
large to handle all wool shipped them
on consignment. Let most, or all, this
stock be owned exclusively by wool
| growers. The more of tnem thus in
terested the better, and let all the
stock be common, thus giving all a
voice in the management of the con.
Germ. Let this corporation have Off
Ces and build warehouses if neces
sary, at the wool markets and handle
it as it is handled now. Let each
consignment of wool be sold separate
" and whatever it brings be placed
to the credit of the consignor after a
small commission has been deducted
for running expenses. and wnen the
dividends are declared, being such sur
plus as may be left over from the com
missions charged, let each consignOl
of wool to the house, share equally
with them in the division of the pro
fits after a certain per cent has beer
set aside for those who own the stool
and for running expenses for the en-
suing year.
at must be conceded that none,
is worth at least four per cent-it will
: bring that lying idle i'm the banks OF
J time depOSit-and such amount at tn
least must be paid in order to hav
: any assurance of having the stoc
subscribed for. Beyond that, and tn
| actual running expenses, every cen
should be turned back to the grower
: be he large or small, each in prope
: and just proportion.
!, I'VE have then what we might teri
!. a guaranteed income bond or stoc
=. like the usual preferred stock, wit
: the added privileges, which go wit
I the common stock of corporation
that of voting it, eligibility of sittin
D in the directorate and consequeI
i voice in teh management of the co
). pOration. Said shares or bonds to b
e in low enough denominations to Civ
u every man in the state who ships
d sack of wool an opportunity to be h
e own commission merchant.
e "Such, in the rough, is our plal
/. 1t is not as elaborate as an insuranl
l. policy, but we believe it to be cor
e mon sense proposition that no one ca
d fail to understand. We have mere
j. given the outline, sufficient to affol
l. basis of argument for or agains
which arguments or criticisms we l.
vite, for it is through open and frt
n discussion only that the plan can
a carried through. If we find that tt
e plan meets with favor, we will go
81 the expense and trouble to get up,
1t pamphlet form, detailed propositiC
Id and send it to every woolgrower
81 the state-always with the cooper
lie ton of the press, of course-and G
re the individuals opinions on it and fiji
lg out if such company would recei'
their pledged support. With such a
m surance of cooperation it should n
h. be difficult to get the matter und
n way in sufficient time to take care
Of next years clip of wool from tn
)e state.
is "By doing thus the small grow
a with a few thousand pounds who HI
n hitherto been at the mercy of the bu
ve err will have as good chance to g
ut a fair price for his wool as the lar
st. grower"
"a BALFOUR'S PREDICTION.