i8 



HARDWOOD RECORD 



a perfect right to sell to the consumer or anyone 

 lie pleases, but the dealers have the same right to 

 reiiise to (leal with such manufacturers and com- 

 mission dealers. In that event the problem would 

 resolve itself simply into a question of whom 

 the manufacturer and commission dealer would 

 choose — the consumer or the dealer. To present 

 our side of the contention to the numufacturers. 

 1 would claim tor the dealers as a class against 

 the consumers as a class, first, that we are 



n. S. HAVDKX, DIKECTOR. H.VYDEX & LO.M 

 BARD. 



prompter pay : second, that we buy mixed grades 

 and all kinds of lumber : third, that being on 

 the uround, we arc in better position to study 

 the wants of the consumer, and therefore can 

 handle lumber to better advantage to all con- 

 cerned. The manufacturing of lumber is one 

 pai't of the hardwood lumber business, and mar- 

 ketin,^ same quite another. 



This is a protection, or rather a systematizing. 

 that is observed in all lines of business, and 

 there is no reason wh.v we should not enjoy the 

 same protection, especially when it does not in- 

 jure anyone. I understand that in the East 

 the dealers insist upon the observance of this 

 common-sen.se custom, and we as dealers should 



< ii.vK. .Mii.i.i: 



r»nM;< Tou. .Mii,r.i:it ukotii 

 i;i:.s. 



lefu...' lo buy anything from a manufacturer who 

 Hollelm the conmimer first nnd ny a hint resort 

 calls on the ilealer. We vve It to our- 



selves but to tlioie II,:, I, who Sell to 



denler.H only. I nl-r. a! Iz,. the fact 



that many of 'i i-turers 



find It more i.i to the 



dealers and do i i rude. 



TiiK^/injKti I'ATiiAtfcit, I'Texidcnt. 



Secretary Carl V, Kimball then made the 

 following report : 



Secretary's Report. 



This is the windup of the tenth year of suc- 

 cessful effort ou the part of Chicago's hardwood, 

 lumber merchants to foster and maintain an 

 organi/.ation that would be benelicial inside and 

 creditable outside to themselves. I think we are 

 all very well satisfied with the record, so that 

 It is unnecessary at this time to go back into 

 iiistory and report the nature and details of our 

 accomplishments. It may not be immodest, how- 

 ev,?r, to claim here, even in the presence of its 

 othcers, that that great body, the National Hard- 

 wood Lumber Association, owes its origin lo the 

 rhicago Hardwood Lumber Exchange. .\s has 

 often been demonstrated, the progeny is greater 

 ihau the patent. 



During the past year your association has been 

 worth while at least, but in the humble opinion 

 •>f your secretary a better system could be put 

 into etfect and greater good worked out. .\. paid 

 secretary, or at least a paid assistant secretary, 

 would enhance the value of the organization. It 

 it is not assuming too much, I would suggest 

 that such a proposition be duly considered. 



.\t the beginning of this year we were con 

 fronted with a very serious problem in the shape 

 of a teamsters' strike, inimical to a very vital 

 l)art of our business. The value of cooperation 

 was at tliat time most thorouglily exemplilied. 

 for it was only through concerted action — our 

 organization working hand in hand with olber 

 industries likewise involved — that we escaped tlie 

 indignity of a defeat that would have been dis- 

 astrous. 



.Vside from this dilficulty, the year has been 

 iineveulful — uneventful in so far as couspic- 

 iiousness is concerned. We have met at intervals 

 throughout the year, but on sucli questions as 

 were advanced our ground usually has been so 

 lertain that the proceedings can only be char- 

 iicterizcd as regular and such as would appear 

 in the ordinary course of a singularly prosperous 

 business. We have found much profit in ex 

 changing views in the matter of prices and 

 stocks, and sucli conferences will no doubt be 

 continued. There are also other matters which 

 might be attended to by our association with 

 profit to our members. 1 refer first to the culti- 

 vation of loyalty to home dealers among the 

 consuming trade of this city : second, to the cul- 

 tivation of the idea among the producers outside 

 of the city that w<; can handle the business in 

 this particular section more econotnically and 

 with greater satisfaction than trade obtained by 

 getting in wherever possible, regardless of sys- 

 tem. "System," you know, is a great money 

 maker. 



\ word about our membership : we are not a big 

 orgauiznliou numerically ; that is impossible, since 

 our charier luily contemplates adherence to local 

 firms, except a nonresident membership division, 

 which has been utilized by some of the larger 

 firms outside of the city. Our local clientage, 

 however, comprises a majority of the progressive 

 firms of ('hicago. With the accession of six or 

 eight more of llie good hardwood firms in the 

 city we could rightfully say we have ail that is 

 coming to us. We iiave lost a few members 

 this year on account of removal from the city 

 and other unavoidable causes, but this loss Is 

 offset b.v tile addition of new members. 



Our financial situation Is explained as follows : 

 Cash on hand, per treasurer's report. .. ..'P20n.22 

 Dues uncollected 'J47.5() 



.fiso.Ti; 



There is no Indebtedness, except that wlilcb 

 has accrued since the first of this inoinb. ami 

 for which we have not yet received any bills. 

 Carl V. KniB,vLi,, Secretary. 



Treasurer J. S. Trainer made the following 

 report of the financial couditioii of the ex 

 •liangc: 



Treasurer's Report. 



IlBCICIfTS. 



Italanie on hand from former 



trea.surer .f 2] 2. -IIP 



rmes l,ll(!.2.-i 



linlancc from strike subscrip- 

 tion 10.00 



ItonuM for Kt. Dearborn ofllce !)0.00 



lelephone lolls and additional 

 name •. S-1.80 



riieo. Kathauer Co. for llowem 5.00 



Kent from A. K. VInncdgc 



Limiber Co 120.00 



-!fl.(i.t.'S..-,l 



DlSOUUSi:.\IK.NT.S. 



SifndrIcK — slamps, water, tow- 



«1h, etc $ I OG.Oo 



Telephone IT'lOO 



Tolls .<t4.30 



K. E. Hooper, to settle claim. 100.00 



Kent paid Ft. Dearborn llldg. . 24.'.0ll 

 Kent paid I'Trst National liauk 



llldg 000.00 



Light paid rii'Kl National Bank 



nidif B.no 



Lunebca (two) 03.50 



Moving to I'lrst National Bank 



Uldg.' 20.C2 



I'rlce lists :13..50 



Stock list forms 14.00 



Carpet 42.00 



1,421).32 



lialance In bank $ 209.22 



Itespectfully submitted. 



J. S. Tr.vi.ni'.k, Treasurer. 



W-M. C. SCUKEIBEK, DlUECTuK. FHANCIS 

 BEIDLER & CO. 



Tlio address of the president and the re- 

 jorts of the secretary and treasurer ou motion 

 were accepted and ordered filed. 

 Election of Officers. 



President Fatliauer then announced lliat 

 tlio next business before the exchange was 

 tlie election of officers, and on motion of 

 Harry S. Hayden the rules were suspendeil 

 .•aid the secretary was instructed to cast :i 

 Ipiilliit for the reelection of the entire corjis 

 of old Dllicer.s and directors for another vear. 



Kl.NC. DIKECKIK. W. 1). KING & CO. 



'riieso ollicers and directors are as follows: 

 I'lcsident, Theodore Fathauer; vice president, 

 I'arU Hicliinond; secretary, Carl V. Kimball; 

 Ireasurer, ,1, S. Trainer. Directors: II. S. 

 Hayden, \V. ('. Schreiber, \V. 1 1. King, lluts. 



