30 



HARDWOOD RECORD 



Fifteenth Annual Chicago HardWood Lumber 



Exchange 



Members of the Chicago Hardwood Lum- 

 ber Exchange and their guests gathered in 

 the Eed room of the Hotel La Salle at 12 : 30 

 o'clock on the afternoon of March 18, the 

 occasion being the fifteenth annual meeting 

 of that organization. A large turnout was 

 recorded, the incentive being the question of 

 amalgamation, which had been pending for 

 several metings. Pro and con discussion of 

 the proposed union was a feature of the talk 

 immediately following the usual pleasing ban- 

 quet, and while, as hinted, there was certain 

 "con" talk, the final vote showed the body 

 unanimous for amalgamation witlr the Chi- 

 cago Lumbermen's Association and the Chi- 

 cago Wholesale Lumber Dealers ' Associa- 

 tion. A previous vote showed :\ majority in 



K. l:. -Mc.MULr.KX. 1 rir i:UXON-PO\VELI, 



ii.\i;i)\V(i(i!p I, (Mill:!; i o. president 



favor of the union, and on the second and 

 last ballot it was found that everybody on 

 the other side had "come over." 



Follovving the banquet the meeting was 

 called to order by President Brown, who re- 

 \-iewed briefly the work of the past year and 

 warmly commended the various committees 

 for what they had accomplished. 



Lewis F. Shane of the insurance firm of 

 Shane & Cullerton, spoke briefly of rates 

 on hardwood lumber yards in Chicago, which, 

 aK he explained, are governed by the rules and 

 regulations of tlie Chicago Board of Under- 

 writers. Mr. Sliane averred that as a result 

 of the amalgamation suggested, it would per- 

 haps be less difficult to secure concessions 

 from this board. The efforts of a joint body, 

 he argued, would be more effective in this 

 connection. 



The special committc^e appointed to inves- 

 tigate the subjects of terms and credit then 

 made its report, in which it submitted a num- 

 ber of recommendations with regard to 



terms, which, it was explained, were thought 

 to be liberal. 



The report of the Committee on Market 

 Conditions was next read by the chairman. 

 The report showed that three meetings had 

 been held during the year w-hich were at- 

 tended b}' all members of the committee. The 

 entire list of stocks were gone over, in each 

 instance suggestions as to values being formu- 

 lated and distributed among the members of 

 the excliange. The speaker voiced his hope 

 that the body would be continued as one of 

 the committees of the exchange and that it 

 would continue to be of advantage to all its 

 members. 



The Laljor Committee, tljrougli its chair- 

 man, W. M. Hopkins, repnrteil th;it mi uioct 



II. DIOX, JI.ilSEY & DIO:>, VICE- 

 I'RESIDENT 



ings had been called during the year past as 

 no new labor contracts had been made nor 

 old ones renewed witli the various labor 

 unions. 



Chairman of the Publicity Committee, H. 

 S. Hayden, read his report, which is as fol- 

 lows : 



Keport of the Publicity Committee 



Your committee. Ilu-oiijili its chairman, takes 

 pleasure in presenting tu tbe memljers of this 

 exchange its second annual report, of furtlierinK 

 the worl; of publicity of the Chicago Hardwood 

 Lumber Exchange and CIiicTgo as the great cen- 

 tral market for the distribution of over eight 

 hundred and att,y million feet of hardwoods anci 

 an equal amount of white pine, norwa.v and hem- 

 lock, a portion of which was bandied by the 

 members of our exchange, totaling in volume of 

 business done annually in the Chicago lumber 

 market, .fiu.. 500.000. 



In our flrst year's work we had the co-opera- 

 tion and encouragement of our exchange mem- 

 bers, and as a residt a seal was adopted and 

 over 2.50,000 distributed among the exchange 

 members, not including those that were used in 

 the Imprint on stationery by the individual mem- 

 bers. This aided very materially in placing the 

 exchange before the manufacturers and consum- 

 ers and resulted in great benefit in the way of 

 presenting the strength of our exchange to' the 

 consumers as well ns the manufacturers of hard- 

 wooii lumber. 



following the i-e.-iult of this wcu'k. after n 



number of meetings of the Publicity Committee, 

 a plan for further advertising the work of our 

 exchange was presented at a meeting held at the 

 La Salle hotel, November 4, 1910, authorizing 

 the publication of a pamphlet covering the pur- 

 poses of the exchange, as well as other data 

 which would broaden the work and efforts of our 

 exchange. 



On November 10 at a meeting of the Board of 

 Managers authority was given to the I'ubliclty 

 Committee to expend $400 towards publishing 

 this pamphlet. 



On December 6, 1910, at a meeting of the 

 exchange, report was made by the chairman of 

 the Publicity Committee, submitting various 

 booklets covered by the trade to the Chicago 

 market, and certain suggestions in connection 

 with the issuance of the booklet which was 

 authorized by the Chicago Hardwood Lumber 

 Exchange. November 10, expenditure, including 

 cost of printing, expert advertising counsel, en- 

 velopes, postage, etc., for mailing. With this 

 authority we went ahead and had this booklet 

 printed, and same has now been issued to 5,000 

 manufacturers in tht? folli>wing states; Missouri, 

 West Virginia, Kentucky, Arkansas. Mississippi, 

 Teiuiessee and Louisiana. 



i: S HUDDLKSTON. liniDLESTON-MARSH 

 LUMBER COMPANY, TKEASUREK 



We did not think it wise to recommend further 

 publication of these booklets in view of the pro- 

 posed amalgamation of the three associations, 

 although we are able to secure for our exchange 

 members additional copies at the original price 

 uf the first edition. 



I desire to call the attention of the members 

 of the exchange to the purpose of which our 

 work is presented to the public : 



"The object of the exchange sliall be to pro- 

 mote the general welfare of the hardwood lum- 

 lier dealers of Chicago, and to co-operate with 

 rhe shippers as well as consumers against unjust 

 demands, and to correct such abuses in the con- 

 duct of business as will give our exchange a 

 name that will extend its influence all over the 

 country, tlius making it a permanent commercial 

 organization, the greatest in tbe countrv of its 

 kind." 



Following this object is the reason for Chi- 

 cago's lumber greatness. .\ showing of an an- 

 nual consumption of over fifteen hundred million 

 feet, Chicago as [he great railroad center — hav- 

 ing the largest manufacturing industrial enter- 

 prises in the country — all liirge consumers of 

 hardwood lumber, including furniture, piano, ag- 

 ricultural, wagon and other industries, backing 

 up its claims for Chicago as the greatest hard- 

 wood lumber market by these industries in active 

 operation, consuming 'and distributing from this 

 center the various kinds of lumber products. 



It is the desire of your publicity committee 

 to aid in furthering this work which has been EO 

 well backed up by our exchange members, and 

 we believe in going out of office that the work 

 already established should be kept up, and we 

 know of no better way than through this medium 

 iif publicity, not only by print, but personal 



