HARDWOOD RECORD 



■nouUl be pleased to lunch with him at his 

 eonvenienee. 



The Chicago Hardwood Lumber Exchange 

 was chartered by the state of Illinois on 

 March 20, 1896. The original membership 

 consisted of about twenty Chicago hardwood 

 houses, and the organization was eifected for 

 the sake of bringing out of disrepute and into 

 standing the Chicago hardwood jobbing 

 trade. In reality, the Exchange was an off- 

 shoot of the Chicago Lumber Exchange, 

 which was made up of manufacturers and 

 dealers in building woods, as well as in hard- 

 woods. This action was taken as it was 

 thought the hardwood trade could best handle 

 its own affairs. The Exchange has succeeded 

 most admirably in cleansing the market of 



(AKI, V. KI.MliALL. Societal}-. 

 A. It. Vinnedge Lumber Company. 



undesirable dealers and disreputable practices, 

 and today t!ie tone and character of the Chi- 

 cago hardwood lumber market is excelled by 

 that of no other- hardwood trade center in the 

 United States. 



The business of the Exchange is vested 

 largely in a board of managers, which is 

 made up of the president, vice president, sec- 

 retary, treasurer and seven directors. The 

 board of managers controls and manages all 

 properties of the Exchange, and the appro- 

 priation of its funds; makes all contracts and 

 purchases; fixes the compensation of the sec- 

 retary and treasurer; provides suitable rooms 

 for meetings of the members, which are kept 

 open during business hours; prescribes and 

 publishes rules regulating the use and occu- 

 jiancy of the rooms of the Exchange; and 

 defines the pow-ers and duties devolving upon 

 the committees of its appointment. 



This board meets for the transaction of 

 its business, on the second Monday of each 

 month and at any other time at the call of 

 the president or any two members thereof. 

 It is required to examine any charges of mis- 

 conduct in the Exchange, and if it shall be 

 found that parties so charged have violated 

 any rules of the Exchange, any business con- 

 trM.t nr nhligation, or liave failed to equit- 



ably and satisfactorily adjust settlement of 

 same, or when any member has failed to 

 promptly comply with and fulfill the award 

 of any committee made in conformity with 

 the rules, he shall upon proof of such delin- 

 quency be suspended or expelled from mem- 

 bership by two-thirds vote of the board. 



It is further within the power of the board 

 of managers to establish a standard of grades 

 for lumber, timber and other articles of 

 traffic commonly dealt in by the members, 

 and the certificate of any inspector appointed 

 by the board of managers as to quality or 

 quantity shall be evidence between buyer and 

 seller of the quality, grade and quantity, 

 and shall be binding with members of the 

 Exchange or others interested, who shall 

 obtain, require or assent to the employment 

 of such inspectors. 



The membership of the Exchange may con- 

 sist of three classes, resident members, non- 

 resident members and honorary members. 

 All applications for membership shall be 

 made to the secretary in writing, and by 

 him be posted upon the bulletin board of 

 the Exchange for at least two weeks before 

 being acted upon by the board of managers. 

 A two-thirds favorable vote elects the appli- 

 cant to membership upon payment of the in- 

 itiation fee. Xon-resident members of the Ex- 

 change are entitled to enjoy all the privileges 

 of the Exchange except the right to vote and 

 hold office. Any person who shall be nomi- 

 nated by unanimous vote of the board of man- 

 agers, may be elected an honorary member 

 of the Exchange at any meeting, by three- 

 f curths vote of the members present, and shall 

 enjoy all the privileges of other members, 

 save voting and holding office. 



The retiring president of the Chicago Hard- 

 wood Lumber Exchange is W. O. King of the 

 firm of W. 0. King & Company, whose office 

 and yards are located at the Loomis street 

 bridge. Mr. King is one of the older and 

 best known hardwood operators in the Chi- 

 cago market, having been associated in his 

 earlier life with the late E. Sondheimor. in 

 the walnut trade, and more recently has 

 made a specialty of hard maple. 



Mr. King's successor as president is Theo- 

 dore Fathauer of the Theodore Fathauer Com- 

 pany, with offices and yards at Goose Island. 

 Mr. Fathauer is one of the foremost hard- 

 wood jobbers of the Chicago district, and to- 

 gether with his associate, W. H. Hopkins, 

 has built up ai business of large dimensions. 

 He has been in business in this market for 

 about fifteen years, and makes a specialty of 

 hard maple and other Michigan hardwoods. 



Park Richmond, just elected vice president, 

 is the head of the firm of Richmond, Slimmer 

 & Co., and is the chief local inspector of the 

 National Hardwood Lumber .Association. Mr. 

 Richmond was brought up with the old hard- 

 wood house of Hayden Brothers, and went 

 into business on his own account a little more 

 than a year ago. This firm maintains office 

 and yards at Twenty-second and Jefferson 

 streets. 



James S. Trainer, who is the new treasurer 

 of the Exchange, is of Trainer Brothers Lum- 

 ber Company. Mr. Trainer was also a gradu- 

 ate of the Hayden Brothers concern and en- 

 tered the wholesale trade with his associates, 

 about two years ago, with office and yard at 

 Twenty-second and Jefferson streets. 



Carl V. Kimball, the new secretary of the 

 Exchange, was formerly Chicago salesman for 

 the Yellow Poplar Lumber Cotnpany of 

 Coal Grove, O., and was associated for some 

 time afterward with Vinnedge Brothers, and 

 still later became the owner and business 

 manager of the Hardwood Record. He re- 

 tired from the publishing business on Jan. 1, 

 and became the secretary and treasurer of the 

 A. R. A^innedge Lumber Company. The prin- 



.TAMKS S. TIJAlNKi:. Treasurer. 

 Trainer Itrus. l.uinliiT Cnnipany. 



lipal office of this ciMiipany is at 134 Monroe 

 street. 



From Chicago to Memphis. 



K. Sondlieiiiier (umpany i.s nut vvllli an im- 

 pnrtani anninini emeiit under date of March 22 

 whiili stales that mi .\pril 1 proximo it will 

 reiiiiive Its ^eiierai ')111ee lieadquarters from the 

 Uailway I'^xelianpe huiidin^ in (^'bleago to the 

 Itaudolph buildiUK in Memphis. This company 

 is the largest institution of its kind In the 

 United States and It Is with regret that the 

 Il.iiiuwoon Uechkii has to announce that it has 

 deemed it expedient and neci».ssary t<i transfer 

 its main ottic-e tu a point nearer tlie center of 

 its numerous hnrdwiKid lutiiln-r manvifactui'ing 

 enterprises. 



Max Suiidheinier. president of tlie ci)inpany. 

 in making llie ann-mneenienl of this change 

 says thai the liicreiising importance of Mem- 

 pliis from a hardwood standpoint has not been 

 without Influence in bringing about this change. 

 He further says thai rhe company's mills are 

 located at a much more convenient distance 

 from that point than from any other large 

 hardwood center, and by transferring the gen- 

 eral offices to that cit.v he hopes to be enabled 

 to more satisfactorily look after the wants of 

 the trade. 



This company owns or ccmtrois mills In every 

 state along the Mississippi river from Missouri 

 south and also has mills in Texas, all of which 

 are In comparatively easy reach of Memphis. 

 Tlip ompany's yards and mill interests at Cairo, 

 III., and elsewhere in the S»uith will be con- 

 ducted as In the past, but the company will 

 close out Its yard on Klue Island avenue and 

 Hi bey street. Cbicago. Ihii spring. 



