Evening capital news. (Boise, Idaho) 1901-1927, 1913-01-01
HEAD OF THE NATIONAL WOOL
WAREHOUSE AND STORAGE
COMPANY IN BOISE

President John d. Holiday OF the
National Wool, Warehouse & Storage
company of Chicago, Boston and Phila-
delphia, is in the city for the purpose
of meeting with woolgrowers of this
state to discuss with them the changes
the company has under consideration
in the form of future contracts In
pledging wool, increasing the resources
of the company, meeting new condi-
tons as they exist or may come up,
etc. He will attend the annual meet
ing of the woolgrowers' association at
Vale Jam 3, and then return to Boise
to be present at the meeting of the
Idaho State Woolgrowers association
in Boise Jan. 6.
President Holiday is one Of the best
known wool men in the west. or of the
United States having been identified
with the industry in Montana for many
years. Twenty years ago he was a
frequent caller in Boise and southern
Idaho territory, coming here each sea
son from Montana A year ago he was
selected to the presidency of the big
wool warehouse company, which IS
backed gy growers over the nation
succeeding Fred w. Gooding of Good
Ing.
Mission Important.
The mission Of President Holiday
to Boise and Idaho at this time is an
important one. When interviewed by
q representative OF the Capital News
today, he said
THE National Wool Warehouse &
Storage company was organized with
the hope of providing better methods
in preparing and marketing American
woods. II stands today as the only
logical bustrsss organization ever UNI
dertalten (nd carried forward to a
measurable success by American wool
growers. Sstriying in it sefforts to
bring abouNan open market whereby
western wooA may be marketed direct
to the manufacturer, thereby eliminat-
ing unnecessary waste and charges in
separately connected with the present
system of buying and speculating N
western wools
Regardless of care and preparation
OF Industrial production, failure to re-
ceiye full market value is often the re-
suit by reason of obsolete and unjust
nesslike methods of marketing. the
elimination of wastes and unnecessary
charges IN the marketing in all lines of
industrial production Is engaging the
thoughts of the best commercial minds
of our time We do not believe that
western wool growing can remain
apart from this imperative requirement.
much longer. High cost of wool to the
manufacturer has not generally been
caused by the growers obtaining ex-
cessive values, bu- rather from the
fact OF a speculative situation brought
about fbyN the middle men. Increased
cost of production Is as much manu-
facturers problem as growers.
Plans Of Purchase.
For the most part the plan of pun
chasing western range woods differs
little from that in vogue in India, Tur-
key and the Balkan states of Europe.
as against the great open competitive
markets Of Australia ana England.
where the product is displayed as to its
market classitieations and value, and
bid for accordingly
sThe National Wool Warehouse q
Storage company has led the way In
appealing for better methods of pre-
pairing western range wool for the mar
ket. 1t is endeavorlng to bring the
growers and manufacturers of WOOL
closer together in order that they may
understand each others needs and re-
auirements, both III its conception and
in its operation. It's object has not been
to earn money for itself, but rather 10
provide for it's shareholders a better
and more economical method of mar
keting their woods, In striving 10 bring
about these conditions ii has eneount-
cred the unrelenting opposition, with
scarcely a single exception, Of those ell
gagged in buying western woods from f
speculative point OF View. The oppo-
sition of this element. to our mind, Of
fers the very best possible argument
for it's existence and continuance.
in its constitution and bylaws pro-
vision has been made by which the
control and management of the COM
pany must always remain under the
direction Of western men who are act
uaily woolgrowers, and, inasmuch as
every share of western stock Is re-
CURED to provide fixed amount 81
wool, thereby preventing the possibili-
ty Of outside parties ever obtaining
control of the company's affairs. TINS
company can never own or speculate
in wool, and has no other possible in.
centive In handling It's shareholders
wool than to obtain the highest mar.
ket price possible at minimum d
cost. Its equipment and facilities fol
handling large quantities of wool are
second to none in the trade. EXpe-
rienced and widely known statesmen
are in charge of its warehouses in thu
principal eastern markets Its entir,
organization is at all times ready Z
serve the individual interests OF III
shareholders who sign contracts ant
contribute to its maintenance, VIII,
should feel that the company Is in par
their own, and who should be aetiy,
and loyal in its support
Tariff Question.
with the incoming administrator
there can be no question as to change
being brought about In readjustmen
of tariff schedules directly affectin,
the market conditions of wool. Thi
change will come about at a time whe,
growers are i'll prepared to protec
Themselves against an uncertain Sitl9