Omaha daily bee., 1908-06-26

cation from Chicago consisting Of your
secretary, Mr.. Baker, Mr.. John W.. Moore,
change. and one OF the vice presidents OF
this exchange, and Mr. van Norman; also
a member of the Pittsburg exchange,
whose name / cannot now recall. MIR.
Moore presented the claims and needs OF
the live stock shipper in his we'll known,
forcible manner; and your exchange is on
Of its exchange, viz: The promotion and
development of the live stock industry in
all it's branches. and the protection of this
interests involved, and we are advised
that the bill referred to has a fair chance
of becoming law at the next session, Of
congress.
Record of the Year.
Such very briefly is the record Of the
year, and since this report has not Con-
sumed the time allotted by gour>bylaws. I
am in the few minutes left, with your. per-
mission, going to suggest a thought Which
In connection witl'athe organization and
purposes Of the live stock exchanges, which
form the foundation upon which the
structure known as the National Live
Stock exchange is built.
| do not think the average layman knows
ject or purpose, and l know the average
LEGISLATOR Is wholly ignorant on this suo-
tect.
Here are men representing through their
different exchanges, collectively, an an
nual business OF over $500, 600, 900 and these
organizations or exchanges are so formed
ao ~ lAiohlN a bQuuIb hOdl W NV wv
of the live stock representing this i'm
mense sum and not only do they insure a
square deal, but they guarantee The full
market value of the property consigned to
them by the inevitable law. "the survival
Of the fittest," and yet we are accused,
either from ignorance or design. of being
an Illegal combination, organized for the
purpose Of extortion in our '0wn interests.
You. each and every one of you. know
that your exchange is formed primarily to
protect the stock shipper and that it does
not In she remotest degree act or result In
Sherman act and other antitrust laws.
Exchange the BuIwark.
You, each and every one of you, know
that but that for the lges, live stock
shippers would be at the mercy OF yard
traders. scalpers and 4nprtneipied agents
they were before the exchange came into
existence. EM
Then, why not enter upofi a campaign of
education and let the fellow who don't
know these facts into your secret. Tell hin
how you are organized, how you conduct
your business, why it Ia necessary to form
and hold the organization you belong to,
how utterly futile II would be to attempt
as individuals single handed to promote or
| protect the live stock industry from con-
\ slant and concerted attacks of its enemies,
the railroads and other combinations OF
capital.
Show him that even now. organized as
you are at every large public market and
having this great body. the National Live
Stock exchange, at your hesd. the fight
is unequal and oftimes most sdiscouraginE
II Is constsnt, never-ending and will never
end so long as the mighty dollar is at stake
Give no apology for your existence, for you
have none to make, but plain hard facts
ably hope for his support Instead of his
enmity In the future. Nfl
| do not wish 10 criticise, but I do thinl
there has been too much secrecy in tho