2nri BOARD OF AriTacri.TURE, 



record lavctiiililc is made for tlic Angus in the prices obtained for sale of 

 pure liicd lieef cattle at pnlilie auction, combination or otherwise. The 

 past year the Anj^us made an averaj^e per liead of $U2(». the Slioi-tliorns 

 an averafje of .$174. and the Ilerefords an averajje of $172, as reported in 

 the Breeders' Gazette. Tints they lead their closest competitors l)y $40 ou 

 the head. Score another one for the Angus; for wliile the prices of cattle 

 are slow he has his place up in the top of column. 



The conservative man will not stampede away from the cattle feeding 

 and breeding industry, because values are not what he had heretofore 

 received. He will keep steadily on, and many a new man will step into the 

 Angus l)reeding industry l)ecause he can now secure his start at more 

 moderate tigiu'es than during periods of high prices. This makes a 

 widening tield for sale of stock in the future, and the man long in the 

 business can hold on to his best and weed out his kinds he does not desire 

 to keep, and will be in better condition when normal times retiu'n to reap 

 a better harvest of prices and offer a better (juality of cattle. 



The heavy receipts of cattle at the Union Stock Yards in Indianapolis, 

 as well as at all market centers, coupled with the heavy increase in 

 slaughter by packing houses and otherwise means that this temporary 

 over-production is being wholly eliminated from any danger of future 

 competition. conse<iuently the time is very near when the other phase of 

 our industry, the demand strong and the supply short, will quicken prices, 

 and then the conservative man, the stayer by his business, will be the 

 one to profit handsomely. 



Our motto should be, "Stay steadily with the 'Doddies;' " though 

 young in their introduction to this country they have proven their staying 

 qualities as the best beef producers under any conditions of age or place. 



Our organization is gradually widening. Our membershii) is credit- 

 able. And our State Fair specials have been each time a credit to the 

 breed. By (mi- organization we have been enabled to become better ac- 

 quainted witli our fellow breeders and as mutual help to each in our 

 business. 



Let our aim be to Ituild up still better and closer our meml)ership, 

 keep in touch with each other through our annual or other meetings, and 

 each year we can broaden our industry as a business, and ourselves as 

 men. for no man ever comes in contact with his fellow man. either in a 

 Ijusiness or social relation, but what he learns something for his better- 

 ment, if his inclination is tliat way. 



The subject of the assessment of pedigreed stock was discussed at 

 length by members present. The consensus of opinion Ix'ing that animals 

 should be given in at a fair value. 



O. E. Bradfute. Cedai'ville. Oliio. addn'ssed the Association along the 

 line of Angus breeding. 



The election of officers resulted as follows: President, W. K. Pleak, 

 Greeusburg; Secretary, Geo. Henderson, Lebanon. 



