The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-02-04
PLAN FOR SALE
OF Wool CLIPS


country in the states OF Idaho, Mon
tana, Wyoming and Utah, there are
nearly four thousand sheep owners
who are just now threatened with
HnancfaI ruin unless there be some
means devised for the marketing of
WOOL Very little of the clip of last
year has been sold and that little
a. about a fourth of what it cost the
nockmaster to produce it. The ou;-
look for this years clip is not reas-
suring.
1t has been shown that the enor-
NOUS sum of 2,600,O00 is paid in
commissions every two years for the
sale OF the wool for the four
states, whether the amount realized
by the growers is 25 cents pound
or 7o cents. The commission is two
cents pound. Heretofore certain
buyers have been allotted certain
territory and there has not been
among them all anything like compe-
t1tion. Mr.. Qruarles thinks this OBJ
Jectionable feature may be eliminated
when the commission he proposes
gets to work
President Quarles of the Citizens
bank, who has devoted much thought
to this acute situation as well as to
the sheep industry in general. thinks
there may be way out for this great
industry by pooling the clips of this
year and last and placing it in the
hands of commission to sell. His
tDlan locks to the selection of two
representative citizens from each of
the four states. with ninth member
to prevent deadlock, all to be
chosen by the fockmasters them
selves and to make up the body He
has sent out the plans for his organ
EzatiOn accompanied by the following
explanatory letter:
There never was time when the
fiockmaster of the Northwest needed
as large price for his wool clip as
he needs at this time; there never
was clip of wool from this section
that cost as much as the 1920 wool
clip cost; there never was a time
when it was as difficult for the flock
master to obtain the approximate
cost of his clip OF wool as it is at
this time; and there never was a
time when all the fockmasters in
this section could work together.
through commission. for their COM
plete mutual benefit as they can at
this time.
believe that If we do not join
hands in pooling this wool and do
not place it in the hands of one com
: mission Of our best men to sell for
us, the f1ockmasters will not receive
twenty-five cents on the dollar of its
actual cost, and / believe too that
eighty per cent of our flockmasters
will find themselves utterly ruined
before the close of the present year.
Nearly 1000 FIockmasters.
believe | have complete list of
all the f1ockmasters in the four states
named above and l am sending this
letter to them, 1890 in all, hoping
they will join in pool of this wool,
place it in the hands of commits
sion of nine of our best men. en-
powering such commission TO handle
ythe sale of this wool for the year
1920, where it has not been sold, and
a for the year 1921. The commission
should be composed of two men from
each of the four states, selected by
the flockmasters in their respective
states. A ninth commissioner should
Ate selected by the fiockmasters in
the four states to the end the COM
mission would never be locked and
unable to act.
10000 Pounds Of Wool.
There are in the four states for the
two years approximately one hundred
thirty million pounds of wool. Our
commission with this amount of wool
to sell will be able to command the
attention of all who desire to pur-
chase wool.
A hundred million dollar foreign
trade finance corporation is being
formed and il is possible that all
this wool If pooled may be sold
through this corporation to the ma
tions of Europe. An individual
fiockmaster would be unable to get
the hearing from this corporation or
from foreign nations that this com
mission would be able to obtain.
This commission should be select /
ed in the very same manner the di- /
rectors of the Federal Reserve
Banks are selected. Under the plan
each fiockmaster would have the right !
TO nominate men of his own choos- !
ing. send the nominations in. then
ballots would be prepared showing
the nominations and the ballotting
would De on tHeSt DdlotS with lHN i
knowledge of the nominations as 10
number.
| am enclosing herewith the pro
posed agreement for signing by those
fiockmasters who are willing TO join T,
the pool and ii is self-explanatory. |
strongly urge every hockmsster to (
join the pool. | believe this com
mission of nine of our strongest and
hest men can come nearer obtaining
the right price for this wool than (
am one fiockmaster can obtain for
his own wool The very nature OF /
all traffic is that where few deal
with many. the few dictate as TO
price. The few wool buyers have for
all these years been debating to the
,.anv fiockmasters. The merchants (
Ming few in numbers as compared
with the many who buy have ever
been able 10 dictate as TO price and
so il will be with US. II We eonsu-