The Ogden standard. [volume] (Ogden City, Utah) 1902-1910, 1910-01-06

|
Chicago people took unconditional
amount OF stock. the money for which
was M once placed In the treasury.
The company was organized with a
capital stock OF 100000. OF which
S270.OOo was subscribed. most of the
stock being taken before the last an
nual meeting Of this association in
Pocatello in February. 1903. The com.
pany was fully organized and officers
were elected for the purpose of carry
ing out the original plan. Since then
real estate has been purchased and n
warehouse erected at a total cost of
about $4,000.
During the year 1909 about seven
million pounds OF wool was shipped
10 the National Wool warehouse. this
being practically all western wool A
large part of this wool was sold at
prices as high as any obtained this
year. The company has been ex.
tremely fortunate In securing Presi-
dent Cossrift. one OF the principal
wool growers of the west. To assume
the management and control of this
organization. Through his efforts the
National Wool warehouse has in
very short time been placed on n
solid business foundation and its
finances are In en- extremely satisfac-
tory condition.
What Success Depends Upon.
THE continued success OF the Ma
tional Wool warehouse depends en-
tirely on the wool growers them
selves. The success achieved during
the last year has been notable, 1t is
not only those wool growers who were
stockholders In the company. or who
shipped their wool To this house, who
were beneGclaries by reason OF It's ex-
lstence. but practically every wool
producer who sold his wool clip after
the organization was determined upon
owes a portion OF the fair price re.
ceived TO the fact OF the existence OF
the National Wool Warehouse COM
pany.
During the fall of 1908 last springs
wool clip was being contracted for at
prices ranging from 10 to 10 cents a
pound This continued up to the time
OF the Pocatello meeting last Febru-
airy. AT this meeting a large number
of the wool buyers were present, and
as high as 20 cents a pound was paid
for wool a little later In the season
prices ran az high as Fl cents a
pound for a few clips When the wool
buyers at the Pocatelo convention
saw that they could not hope to buy
all OF the western wool clip. some OF
the growers being determined to ship
to the National Wool warehouse. they
withdrew from the field. apparently
believing that by this means they
could force down the selling value OF
the remaining wool. so that they
could name the price, as had been
their past custom
Monopoly Of Wool Business
From the best information obtain
able, about four firms in Boston have
for many years bought and controlled
at least 10 per cent of the entire wool
clip OF the United States Both the
wool growers and the woolen manu-
facturerS have been at the mercy of
these firms The wool grower has
been compelled to accept low price
for his clip. while the manufacturer
has been compelled in his turn TO pay
a high price for the wool Many ei-
forts have been made In the past to
remedy this state of affairs by cutting
out the middle man and as nearly as
possible bringing the producer of
woods and the primary consumer-the
manufacturer together, So that the
first should receive fair price for his
product and the latter should not lie
compelled to pay an excessive price
Tor wool These efforts have all failed.
partially because manufacturers gen.
orally were afraid TO engage In an In
dependent movement. which might
bring on them the Ill will OF the EoS-
ton wool buyers trust. and partially,
It is believed, through the machina-
tiOns OF that trust In destroying the
credit of the Independent movement,
so that funds could not be secured at
needed times on the wool held in
store
THE National Wool Warehouse
company, during the year just closed,
has met and Subdued all these ele-
ments OF weakness The loyalty Of
the wool producer has been encour-
aged and developed the fears OF the
wooden manufacturers have been
queted. the efforts OF the wool buy
ers' trust have been frustrated. and
the credit OF this movement has been
sustained and improved. until at the
present time the National Wool Ware
house company is enabled TO secure
ample funds to do business. As |
have said before, the continued sue
cess oil this independent movement
depends solely upon the wool grower.
In a large sense, | believe. It's contin-
ued success is in the hands Of this as
ISOLATION at this time 4 proper eX-
preston of faith in the wisdom of the
plan now being carried out. and OF
confidence In the ability of this com.
pany, Will GO far TO make the succeed
ing years as successful as the one
just closed has been,
Sixtecn-Mile-an-Hour Law
One of the most important reforms
| that this association should attempt
to secure, in my opinion, is the
amendment OF the 36-hour law, so
that 16-mile-an-hour speed provision
for trains loaded with livestock shall
be adopted 1T the present session of
congress. Some four years ago the
American National LivestocG associa-
ton was opposed TO a minimum speed
| limit for live stock trains, and agreed
that the extension Of time for live
stock trains from 2S hours to 3G hours
would cure the evils then existing. A
law was passed extending the time,
| but the minimum speed clause was
cut out of the bill at the request of
| the association mentioned. This aSso-
| citation, at its convention held In Los
| Angeles year ago adopted a resolu-
J tion asking congress TO pass mini
mum speed limit law for all stock
| trains. AZ the present time all the
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