Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-03-17
Wool R.gllE;H BELIEVE GOOD TIMES
ARE AHEAD I'm THE sheep and
CATTLE INDUSTRIES OF STATE
Many Delegates Attend the Opening Sessions
of the Nineteenth Annual Convention of
She New Mexico Wool Growers Associa-
tion; Conference VIII Close Here Today.

| GLIDING Frank Pru, chairman; Vie
tor sails, Chi lrles Chadwick anC
Sol Benjamin..
Followi the invocation BY
Capt. r. C.. Guest, of the Saliva
tion Army, the wool growers were
welcomed to the city by Nj. L. Fox
manager of the Chamber of Com
merce. Mr. Fox assured the woo
growers that the city appreciated
| their presence here in their an
nual convention and urged then
to feel completely at home while
here.
Responding to the address Of
welcome, Hon. B. C. Hernandez
| collector of the internal revenue
of this dist let, drew brief out
line of the financial and stock
conditions, present, past and fu'
ture. Mr.. Hernandez stated that
conditions were greatly improved
and that this year would see an
even greahel change for the better
in all brand hes of the stock bust
ness.
Freight rates were discussed
with the wdol men by w. f. Ryus,
livestock agent of the Santa Fe
railway. Ma. Byus gave a detailed
outline of u resent railway condi-
lions in so Aar as they affect the
rates on live stock. Governor NJ.
.C. Mechem al rived too late to de-
liver the open ing address, but dis
cussed genera sheep and state
questions with the wool men dur
ing the aftern Don session.
Return Promised.
After suffa ring many reyerses
and experiene ing many disap-
pointments, wd oil growers are TO-
day confident that the year 1922
promises reaso nable returns for
t.heir labor and investment" Pra-
Aer Miller, pres ident Of The asso-
dlation stated i'll opening his an
nAual address.
,Fayoring the q uactment of a per-
mAnent tariff bill, Mr.. Miller said
"Dhe to the hag h rates on wool
in the emergeIlcy bill, impor-
tations have Since its enact
ment been practically nil. Sur
plus stocks of cheap woods with
which we had % compete in the
of our 1920 and 1921
woods have been consumed by the
mills and demanp is calling today
for the 1922 clilb.
I'VE are to rec eive this year the
benefits of the wool tariff. How
ever, should the regular tariff bill
become a law pr Tor to the sale OF
the spring wool CUP, growers might
be compelled to accept price COM
mensurate with he new rates and
would therefore lave failed to re-
ceive full benefits of the emergency
rates.
Therefore, con gress owes it to
the wool growers and to the coun-
try, should they lbass the regular
bill, to stipulate Hat the emergen-
cy rates remain in effect for a
period of six mon this following its
Under such a provision
l favor, at the eala iest practicable
moment the enactment Of the per-
manent tariff bill.
Banking Charges Urged.
He urged change in the pres
ent banking facilities. which he
claimed did not have the proper
foundation for serving the stock
anu ldTIllnB lluuStIltS Win IuuS
time credits. necessary because OF
the slow turn ovea
Banking legislation should cor
rect this evil by recognizing lands
and ranch property as collateral, 81
he declared. Long term credits
should be possible for these indus.
tries so that they may take their
place with equal credit require
ments on parity with other lines
of business"
Suggesting that sheep growers
take more interest in the genera
tax questions and situations, Mr.
Miller stated that the livestock in
terests of New Mexico should en-
ploy a tax expert to see to it thai
cattle and sheep are taxed in pro
portion to other properties
Such action would not only safe
guard the interests of the stock
growers, but would aid in the
study of a solution of the genera
tax problem" he stated and added
that, 'if all industries would make
more thorough study and take
more serious thought regarding tax.
alton, ambitious politicians NIGH
have less worry and anxiety over
their over-taxed friends"