El Paso herald. (El Paso, Tex.) 1901-1931, 1914-11-28
TREAT MORRIS IN
A FAIR MANNER
But Also See that Citizens
Are Treated Fairly, the
Cattlemen Urge.

] sage OF the ordinance now peHu4NS
/ before the city council.
J In order that the greatest good may
! be done to the greatest number, as
] the Times says, these two things
, should be done and are Just eXacu3y
| what the cattlemen Of FL Paso anu
/ vicinity are asking to be done
Morris Welcome to Compete.
! AS the Times says. too, Norris & co.
| should be encourag to elther con.
| tinue their old yards, which they nave
| operated for many years. or to Dul!9
| new ones Every announcement shouIu
| be held out by the PEOPLE of FL Paso
/ to those who will invest capital 70
| the end that new industries may DC
| developed or old ones expanded
| The Times, in the article alluded To-
/ also says that so much has been print
/ eG upon this question that the puDIc
] is or should be thoroughly enhBII-
/ ed. The public is enlightened to the
I point where it will refuse to permit
| Morris & Co. or the cattlemen from
I locating stOclIyards or packing houses
4 within the city limits, TO poIlule lne
! air which is one of Ell Paso's greatest
I assets, or to menace the healIh ana
! comfort and depreciate the Value OF
! the property of those who nave bullt
up this great city who are bonaflde
residents therein and who hope TO con-
! tiHue to live here.
Council VIII Fulfil Mission.
| The Times is right, THE council VIII
/ fulfil its mission as the peoples guar
! dian in passing the pending ordinance"
! The pending ordinance provides that
I a.! stOckyards shall be erected in
I reGerved district outside the city linn
| its, and the city council viii see
/ through the trick which Norris & Co
/ are working to be exempt from the
! provision of that ordinance.
Tie catuemen are pushing the or
! ganization of the Cattle Raisers
! StOckyards association with all pos
I sible dispatch Scores Of cattlemen
/ throughout the southwest have given
] 3. -n--# HrsarHs asnn hut
/ their financial support The fear that
! they might incur the displeasure Of
/ the an-pOwerful Morris & Co. has been
! diSpelled They have come to point
/ where they see that it is their only
/ hope for the preservation of a conn
| Uutitive open market in Ell Paso lies
! in their going into competition on their
4 own account for the stockyards busi-
/ ness Of the southwest
All Fears Alluyed-
/ There was a fear, also, when the
/ idea Of the cattle producers going into
/ the stockyards business in FL Paso. in
/ order to prevent the control of that
] business from falling into the hands of
I the meat trust, that the latter might
! eventually obtain control Of the pro-
! posed new yards, and the ends of the
] cattlemen defeated.
/ In order to prevent this the bylaws
/ Of the new association were very care
I fully drawn. Take, for instance, the
/ section of the bylaws which described
/ the manner in which stock shall be
! voted. It provides that 'at all annual
| and special meetings of stockholders
every holder of stock issued to a bona
! fide purchaser of the same, represented
by the holder thereof either in person
or by the proxy in writing, shall have
/ one vote for each share of stock so
/ held and represented at such meeting.
No one person. firm or cor
/ poratiOn shall be entitled to hold more
! than so shares Of stock or to control
= more than so votes
! Further Safeguards provided.
This further provision is made to
! safeguard against the new concern
/ falling into the hands of adverse in
/ terests and preserving for all time the
! cooperative feature Of the enterprise so
! necessary to protect the interests of
/ the cattlemen, vino must use the yards:
! The certificates of shares Of stock
/ shall bear a stipulation on their face,
! or on the back of the certificate as
] the board Of directors may elect. stat
! ing that the holder of such certificate
shall not sell, transfer or assign such
! certificate, or any interest therein,
| without first having submitted his
! proposition to sell, transfer or assign,
/ to the board of directors, and in the
/ event the directors so elect he shall
/ allow the board 80 days in which to
( find purchaser therefor if the pros
pective purchaser named by the holder
! Of the certificates be not satisfactory
/ TO the board"
Monopoly Guarded Against.
: ms IurIher safeguarding provision
l IS made; NO shares Of stock shall be
| issued to any person, firm or corpora
ton known to be interested in any
( other company. association or organ
( lzation interested in the livestock mar
1 ket in the city of Fort Worth, Texas,
! or any other livestock market or
| ssLockyards in any city east or north
This provision was deemed neces-
| sary IN order to prevent any dissrim-
/ nation IN favor of the eastern markets
I as against the Pacific coast, which at
Z the present time is our princfDaI mar
! ket, and which. owing to the FACT that
/ me Paclflc coast is an open market,
] VIII continue to be our best market.
I VIII Lose Voting Power.
/ rms Iurther provision was made in
: Ihe bylaws Of the Cattle Raisers' stock
( yards association: ANY anD1ica+ ior
Ior stock (from any person, firm or
] ~ POT aIloh known or feared to be
eLLIIIaIed with any interests which
nllsht seek to monopolize the market)
/ may ne rejected by the board of df-
/ rectoTs and any monies received on
/ such STOCK subscriptions NAV he re.
! turned and the contract for delivery
/ " STOCK cancelled. In the event shares
! OF stock are held by anv nerson. firm
/ or corporation which are being NEED
/ ny virtue Of the voting power there
/ "a, 70 Inonopolize or in an effort IN
II1IO B5 the stockyards business of
! ~ Faso and destroy the. omen market,
! the board of directors may declare such
! power" iiO 'OIiHS
Cottlemen Mean Business.
/ Inc cattlemen of the southwest. the
! breeders the growers, the feeders md
| Shippers have been made thoroughlv
acquainted with these provisions Of
me me fundamental law Of the corpora
t I'M ehey have become convinced that
/ tnelr IellOw cattlemen of Ell Paso mean
business and that it will be to their
4 gMh interests to join this thing; they
nave Deen made to understand thor
/ oughly that the open market, with
eoLnpetltlon among buyers. will be pre-
| their yards. If the city council acts
| upon the advice Of the Times and passes
! me pending ordinance the yards will
/ ne located outside the city limits, where
! packing houses may be erected along
sac OF them and where Morris & Co,
I II tney wish to continue in the stock
/ yards business in FL PasO, as they have
/ Tor years past, viii be perfectly free
y l.