The Hood River glacier. (Hood River, Or.) 1889-1933, 1917-01-25
Money Talks
10
Fruit Growers
BY
Northwestern Fruit Exchange
No. 6-.-The Stockholders

|
g. r.
In my last talk. ] told you who the
officers and directors Of the Elk:
CHANGE are, and something Iof their
history :andI connections. % The stock
holders Of the EXCHANGE include the |
officers: Reginald q. Persons. W. N. |
Irish. ". F. Gwin, ]. F. Sugrue, John
". lLangdon. s Georee1 Lee, D: n.
White. A. A. Prince, A. n. Rule and
also the following:
: ESTATE OF CHESTER A. CONG.
DON, of North Yakima and Duluth. |
Mr.. .ConadOn (reeently decsasedl was
owner Of the Congdon Orchards. com.
prising over 400 acres Of very fine erch- |
ard in the Yakima vslley,a magnificent
property. splendidly equipped. includ-
ing a new $50. 900 cold storage plant
right on the property. Mr.. Congdon
was also vice president Of the American
Exchange National Bank. Of Duluth |
president of the Gowan-Pey ton. Congdon
Co. (Duluth) director Of the Marshall.
Wells Hardware Co., and director Of
large number of other industrial and
commercial institutions. With his char.
aeteristic thoroughness, Mr.. Congdon
Investigated the whole question Of fruit
marketing from every angle. before. he
decided on the system he wanted L. tie
to having selected the EXCHANGE
as the concern that best embodied his
ideas of business administration of the
fruit business, he allied himself with il
permanently. Mr.. Congdon was very
prominent financier, widely known in
business and financial circles Of the
middle west and east aud brought to
the EXCHANGE an element of great
strength. -. -, ssxa
MR.. j. S. CRUTCHFIELD, Of Pitts.
burg. Pa. Originally. as have already
told you. Mr.. Crutchfeld and controlled
nearly all of the stock. However, the
EXCHANGE had only been in opera
ten one year when Mr.. Parsons and
some of the other Northwestern men
interested in orchards arranged with
Mr.. Crutchtield for readjustment Of
the stock holdings and the control
passed several years ago. since which
time MIR. Ctutchfield has been minor.
| ity stockholder. As a matter of fact,
his holdings amount to only about one.
third of the issued stock and one. fourth
of the authorized stock. The over.
whelming majority is held by North
western men. whose principal interests
are in fruit growing. The largest sin.
gle stockholder is the president, MIR.
Parsons. Sometimes have been asked
the quedstion: but why not buy Mr..
Crutchtield out entirely?" My answer
to this question is that we don't want
him out; that we consider his connec-
ton one of our greatest assets. In the
first place, he is conceded one of the
most brilliant and successful operators
in the fruit business in this country be-
sides being an expert financier and stu
dent Of fundamental business condi.
tions. His address. delivered by invi.
tation before the last PAN-A MERl.
Jean SCIENTIFIC CONGRESS. held
under government auspices in Washing
ton recently, on the subject of "CAR
LOT DISTRIBUTION" was regarded
as one of the most brilliant deliver
ances that has ever been made on this
big subject. Finally. MIR. Crutch6eId
ie one of the largest operators in bar.
relied apples in the United States, and
through him we are able TO get relia.
BILE, up to date inside information con-
corning the position of the apple deal
which has been of inestimable value in
sizing up the situation at critical per.
iods of the market; information that
money wouldn't buy and which could be
secured in no other way.
i W. NJ. RICHARDS, of Seattle, Wash.
Mr.. Richards was formerly resident
Of the Yakima valley and vice presi.
dent of the Yakima County Horticul-
tural Union. He had large investments
in bearing orchards when he became
stakeholder of the EXCHANGE. He
disposed Of these properties afterwsrd
and moved to Seattle. where be is a
substantial property owner. am un-
der the impression that he still retains
interests IN orchards. though he is not
actively engaged III the business.
A. G. RANDALL, of Minneapolis,
Minn. When Mr.. Randall became a
stockholder Of the EXCHANGE he was
head of the Talent Orchard Co., a 800
acre property in the Rogue River Val.
ley. He was also director and mem.
Der of the Rogue River Fruit and Pro.
duce Association. Afterward he dis
posed of his orchard interests and
returned to Minneapolis, where he is a
member of the firm of Randall, Gee &
Mitchell Co., of Minneapolis, Duluth,
Winnipeg and Calgary. large operators
in grain. Mr.. Randall is high class
business man and financier. During
| his residence in the Northwest he was
a member of the board of directors of
the EXCHANGE as was also Mr.. Rich
ards when he was actively engaged in
fruit growing. 1t has always been the
policy OF the EXCHANGE to have a
majority of the board consist of men
who are actually and actively engaged
in FRUIT GROWING as their princi.
pal business: hence, retirement from
fruit growing has always meant retire.
ment from the board. In this manner,
the policies of the EXCHANGE are
constantly controlled with reference to
the best interests of fruit growers and
the industry.
H. W. OTIS. of Peshastin, Wash.
Mr.. Otis is widely known by fruit
growers throughout the Northwest, Us
one of the leading exponents of prae-
tical cooperation. He owns and oper-
ates orchards at Peshastin, where he
is a director of the Peshastin Fruit
Growers Association. of which he is
the founder.
| The large majority of the stock as
we'll as the majority of the board of
the EXCHANGE is controlled by men
who are NOW active fruit growers. In
my next talk ! shall tell you something
about the operation of the EX.
| CHANGE.
| Faithfully yours,
W. +. GWIN.
/ Vice President and General Manager,
Northwestern Fruit Exchange.
/ Eighty-seven Years Old