The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1908-04-11


let it be used to help the sale of some
inferior clip. This often happens as
the trade is now conducted"
Mr.. Primrose further argued: ut
is estimated that the United States
produce about 300,0O0,000 pounds of
wool annually. l have been informed
that this, the National Wool Growers
Association, has upon its lists the
names of 7411 members, with resi-
dences in Montana, Wyoming, Neva-
da, California, Utah, Colorado, Ariz-
ona, New Mexico, Texas, Ohio and
Michigan, and that the probable an
nual production of wool controlled
by you will amount to 100000
pounds at least 25,000,000
pounds more than one-half the entire
wool clip of this whole country. At
even 20 cents per pound, this repre-
sents $35, 000,000-a vast amount of
money, gentlemen, an amount suffi-
cient to frame an organization that
would rank with any in the world for
power and influence.
by this method, you can know
without a doubt the true value of
your wool, the name of the firm who
buys it, and, above all, you will get
your cash. The wool will
practically remain in your own poss-
ession until the cash is paid to you"
The speaker referred to a previous
unsuccessful attempt at wool auc-
lions in this country. He read what
appeared to be an extract from some
paper or report, as follows 81 now
want to call your attention to this
fact: Some ten or twelve years ago,
an individual firm started or attempt
ed to start what they called Auction
Sales in New York City. They secur-
ed what woods they could on con-
signment or by purchase, and, by adj
vertising they found, when the first
sales-day arrived, several hundred
men present-men who were there
for business and who represented the
wealth of the wool trade-merchants
as we'll as manufacturers who
were glad and willing to lend their
aid to the establishment of a legiti-
mate method of trading, for the COM
mon good. What was the result?
1t was an absolute and entire fail
ure and fzzle. Why? Because the
firm which started it, conceived the
thought that they could (by reason
of the presense of the buyers in such
number) compel them to pay their
prices (no matter whether it meant
value or not) and had their stool
pigeons in the audience making false
bids-with the result that the wool
Cor most of it) was left on their
hands-and there was no sale the
next day, or at any time thereafter.
True value can always be obtained,
but straight, honest methods must be
pursued. These men afterwards
faced the Courts of Justice on crimi-
nal charges and with sufficient reas-
on. Their actions were never meant
to benefit anybody but themselves.
Some of you gentlemen may remem-
Der the firm. I mention the incident
because I find a recollection of it still
fingers in the minds of some-but-
that very experience, that first days
attendance proved them, as it will
prove again, that all users of wool
are interested in auction sales if
they can feel that they will get a
square, honest deal"
Mr.. Primrose then went on to con-
slider how these Wool Auction Sales
could be conducted in America, so
that they would surely prove to be
of signal advantage not alone to the
wool-growers, but to the manufac-
turers and the entire wool trade of
the country. Individually" he re-
minded, you are powerless to con-
troll or influence custom trade or
prices, but, collectively, your power
would be almost unlimited"
These are his preliminary sugges-
tons:
| "1st. Not much, but some money
will be required. In order to give
the venture a financial standing.
would deem 1t wise that each of you
who joins In the movement should
pay membership fee, say 500. II
the responses be sufficiently numer.
Gus, the fund so created in this man
ner should pay all the preliminary
expenses and leave considerable
balance with your treasurer for 6
working capital.
"2d. 1t will also require that eacf
of you shall pledge yourself to sent