The river press. [volume] (Fort Benton, Mont.) 1880-current, 1908-12-16
WOOL GROWERS BANQUET.

vvOOI LIZ
Chicago Wool Warehouse Project
Receives Liberal Support.
The banquet rendered TO visiting
wool growers by Fort Benton sheep.
men, which took place a. the Grand
Union hotel Saturday night, was a
very pleasant aud successful affair.
There was an attendance Of between
forty and fifty guests, the invitations
being restricted to citizens who are
engaged in the wool growing business.
An excellent menu had been prepared
by the hotel lar agement, the bill Of
fare including fresh oysters, turkey
and cold meats. salads, ice cream and
cake, fruits and nuts, coffee, cham
payne and other refreshments.
At the close Of the banquet the
proposition of endorsing the Chicago
wool warehouse proposition, and sub.
scribing for stock in the company.
was presented IN ar address by F. T..
Stranahan, who explained the plans
of the enterprise and what i: is pro.
posed to accomplish. The PROPOSE
ton was outlined practically as fol-
lows:
That a company be Incorporated
with q capital stock of s40O, 600, Of
which the Chicago Association Of
Commerce has pledged itself to raise
$3.50, 600. A fire proof warehouse is
to be constructed in the city of Chi
cago, having a capacity of twenty-five
million pounds at IN approximate
cost of $40O, 600; of this amount the
wool growers of the west are expected
to put up $3.50, 900 and the citizens of
Chicago $3.50, 900. This stock is d.
vided into 5000 shares Of $50 each.
The sheep men are being requested to
subscribe for this stock at the rate of
one cent per pound for what wool they
produce. This subscription will be
Immediately payable and coupled with
the agreement that the subscriber will
send such an amount of wool to said
warehouse, to be handled and sold for
the next three years.
The warehouse charge is to be one
cent per pound for storage, insurance,
and selling. The wool will be tested
as to its strength and shrinkage and
a report will be made to the owner,
After this report is made to the owner
it is entirely in his hands as to wheI
and at what price it will be sold.
Al the conclusion of Mr.. Strana'
hams address, there was an extended
informal discussion regarding the
merits of the proposition, during
which it developed that about al
those present appreciated the advant
ages of such facilities for marketing
western wool. 1t was decided to com
mence the work of securing subscrip
lions 10 the capital stock of the CON
pauy at once, Louis D. Sharp beins
designated as local agent TO receiv,
applications from those favorable t(
the proposition.
Subscription papers were secured
and applications for stock in various
amounts were made by the following
G. H. Ragland, A. f. McLeish, Hol
m~er.FIagler Sheep company, Bentor
Sheep company, Northwestern Live
stock company, Allan Gray, Los'
Lake Livestock company, ID. G..
Lockwood, .Cowan & Son, Thoma.
Kinread, Paul Grennon, Ruhe Bros.
j. z. Williams, Antelope Basin Sheer
company, w. X. Harder, and others
The list will be increased by applica
tions from several sheep men of this
vicinity who were unable to attend tn,
banquet.
At the suggestion of guests from tht
Milk river country, several !oca
sheep men volunteered to attend {
meeting of wool growers at Chinook
to be held in a few days, at which the
warehouse proposition will be sub
mitted and discussed by sheep mer
located in thai part of northern Mon
jtapa,