The Wisconsin tobacco reporter. (Edgerton, Wis.) 1877-1950, 1922-08-18
NOTE BOOK SKETCHES

t4NOilHCiA 4OUdCCO I1OWCAo aooOSi0Iioii
lin everyday language called '.the to-
bacco pool elected the board of di-
rectors. In all SO delegates from the
16 districts were present, and the choice
| fell upon the following men: r. F.
Stemke, Morrisonville; John Thomp-
Ison, Windsor; George Moen. Slough
ton; John Ellickson, Cambridge; L. @.
Lein Jr., Edgerton; C. B. Shoemaker,
GAINESVILLE; d. A. Mccarthy, Edgerton;
A. w. Hanke, Cashton; A. G. Johnson,
Soldiers Grove; Martin Emilson, Chase
burg; Jens Davidson. Westby; Selmer
Neprud. Vlroqua; C. v. Tomte, White
hall; Haaken Haakenson, Eleva; Theo-
dore Orvoldt, Chippewa Falls, R 2, and
John Danielson, Colfax.
1 This gives the organization respon-
sible body of men. The board met on
/ Wednesday to choose committee the
duty of which is to find general ex-
ecutive manager for the pool The
Madison Clearing House association has
appointed committee of bankers to
act as advisers in matters of financing
the pool which for the present year
willneed several million dollars to ham
I die its affairs, and in making selection
of chief executive for the corporation.
The meeting between the nominees
for directors of the big pool and bank
ers held at Madison last week was i'm
portant in several phases The number
| of bankers attending from Wisconsin
cities and from Chicago brought out
the fact that the banking interests are
sufficiently interested to give the mat
ter OF financing the co cooperative COR
poration serious consideration. The
committee appointed by the clearing
house representatives at Madison will
form d basis upon which the bankers
will build their judgment in the extent
to which credit may be furnished the
pool as corporation under the law. In
the next place the statements of plan,
policies and methods of the pool as out
lined by Mr.. Aaron Sapiro beth in his
address to the farmers Monday evening
and in his presentation Of the pool be-
fore the bankers the following day en-
| phasizes some of the vital things to be
accomplished by the pool In the first
| place he made it clear that unless the
pool can control three-fourths of the
acreageso of the tobacco grown in the
state it can not hope to be of perman-
ent benefit to the growers. Until that
is accomplished the growers can not be
bound by the contract mot to sell. If
the final checking up of the results up
to August 10 does not show rs per cent
| of the acreage, the growers may be adj
| vised to sell individually or to hold and
assort their tobacco either in their own
comparatively owned warehouses or on
the farm premises until such time as
the pool is completed. In the second
place the problem of sufficient ware
/! house accommodations to take care of
the 1922 crop are defined by tae advice
mot to build new warehouses, but to
make arrangements to lease or buy
| warehouse space in the state. If the
| Is per cent acreage is secured and the
| wareho1sing should prove difficulty
too serious to overcome the first year,
the growers may store the tobacco on
their own farms as they have done In
years long ago, the central selling office
of the pool having a complete list of all
tobacco, the amount of leaf of each
grade represented in every crop. The
third and most important phase of the
whole movement is the grading plan.
It was brought out that the grading
plan, which also involves the matter of
price, has as it's aim to standardize
tyyes of leaf as basis for price The
benefit of this Standardization not to be
primarily a means toward increasing
the cost of the leaf to the buyer, but to
equalize values so as TO give every crop
its fair proportion of leaf in whatever
| grades every crop can make according
to quality. By this method every grow
er would get his just portion of values
out of whatever grades his crop con-
tains. poor crop Of tobacco would
grade in the types which would bring
low values, and high quality crop in
types of high value. If this system of
Standardization can be worked out sat
lisfactorily in tobacco leaf, it is the first
time that really scientific method has
been applied to finding true values, and
it should prove of inestimable benefit
| to both grower and buyer irrespective
| of the actual returns from year to year
on any and all types Of cigar leaf That
the grading will be the most delicate
point to handle by the pool does not de-
tract from It's merit as a correct system
of arriving at the relative value Of
types Of leaf.
| The department of commerce, Wash
ington, D. c., reports foreign trade
balance for the fiscal year ending June
80 in favor of the U. S. amounting to
100 million dollars. This is nearly two
billion dollars less than that of year
ago. Exports during the fiscal year
de clined three billion dollars as com
I NTH fh0 b.,% xrva~o