The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1920-10-08
HOPE FOR RELIEF
OF FLOCKMASTERS

woolbuyers TO buy the 1920 wool
clip. The condition of these flock
masters is well known to you
bank officials and needs no com
ment from me. 1t is too distress
ingly close TO bank bankruptcy.
In my opinion such an under
taking would be eminently proper,
and Just as proper as the sheep
industry Is necessary for the
comfort OF man.
II considerable majority OF
the bank officials in these states
will pledge their support to the
undertaking in answer to this
letter, and will. at the same time
supply me with a list of the flock
masters on the proposition.
II is my opinion that such an
undertaking should be well plan
ned, well considered and OF such
capacity to utilize all the wool
grown In the northwest, where
about two hundred million pounds
OF wool are produced annually
have stated the condition of
these flockmasters, financially, to
be close to bankruptcy; and you
will want TO know how these men
can finance such an undertaking.
Easy enough. With the consent
of the mortgages, where there
are mortgages, these flockmast-
ers can finance such an under
taking without contributing mon
ey. They can contribute their
wool. which is as necessary to
textile mill as manufacturing
plant Is necessary. ard | would
suggest that If these fiockmasters
will contribute not less than one
half OF next years clip OF wool
as the capital Of such an under
taking. the proposition will be
amply financed. One hundred
million pounds of wool could be
easily contributed to such an
undertaking and with one hun
dfed million pounds of wool the
officials of the company could
easily borrow to construct the
mill, buy and install the machin-
cry and make the undertaking
success; and ii such an under
taking Is put under way now and
pushed with vim and vigor the
entire clip of next season can, be
worked into blankets, cloth and
other products; and these flock
masters could receive from their
own institution the proper price
for their wool.
| do not want this letter to APP
pear critical of conditions, but
do believe conditions show the
necessity of the undertaking.
Let me recite: | know of Bos-
ton dealer who recently had a
net profit of two hundred and six
thousand dollars for handling
the wool clip of one institution
for one year. Reports have it.
the American Wooden company.
for the first three months OF the
present year made clear net
profit Of nineteen millions of dol
lars, and at that time had a CAPT
talization of $20,000,000 common
stock: and the reports also show
that the King Phillip Mil, tex
tile institution of Fall River.
Mass, during the present year.
has paid a cash dividend of 20
per cent. a Liberty Loan Bond
dividend OF 100 per cent In the
present year. Is that not going
some for textile institution,
while our flockmasters are being
of their inability to sell their
- h,tctnnup hAnansn
wool at cost, or at any price, for
that?
am advised that the cost OF
manufacture a large blanket
from the wool in the grease to
to the completed article is about
72c.
have information that tex
tile plant capacitated TO utilize
two hundred million pounds OF
wool. and manufacture IL into
blankets. cloth and other prod
ducts. would cost, at the present
time. approximately forty eight
million dollars.
Ii is generally known the
United States produces about
annually and uses about six hun
dred million pounds. A textile
mill capacitated to use two hun
dred million pounds of wool
would be in the front ranks of
sueh manufacturing institutions
Now there is necessity that
preserve this essential sheen In.
uustry' The proposition is n.
iofe us and II we are men o,ar,
TO the conditions confronting nc
we Will Join hands. organize th;S
great industry and urge omr
,'osA''as'ers TO contribute
large part. all or a half, of ono
cup OF wool. and with this mon.
ey borrowing capacity we can
onild and install manufactnr
ing plant to work their wool into
blankets, cloth and other nro,
duets. We can advertise 70 ~,
world that we produces 49,,
wool by breeding and f.aainn
sneep' that We manufactures ,hjs
virgin wool into blankets clo,b
anu clothes, and that such goods
are not mixed or communicated
with shoddy, rotten or enod.for
nothing goods made only -.
profit lo'
May not appeal Ia vo, =,
give me your ideas and ask thar
YOU supply me with a list of yonr
saeep men that | may address
mem on this vital subject ana
may hope for your hearty low.
al.y and cooperation "
Write me i,iaaS, -,