30 



HARDWOOD RECORD 



the country are going to start up right away 

 and make It as they have been. I say we will all 

 sell some cheni) liimbei- before the year Is out. 



Mr. Williams -I really ilon'l Ivnow what yoii 

 HMiu uv Id say. The panic came on in New 

 Yiirk unci bi't;an al the top. II was caused, as 

 you probably know, by llie revelations of dis- 

 honesty al the lop and the rbh ))eoi)le have suf- 

 fered more than any of tlic rest, but of course 

 the rest of us have hail lo take our share of 

 the burden, which doesu't belong to us at all. 

 As far as I can see. the lumber business Is In 

 pretl.v g<H)d shape. For the last few years we 

 have enjoyed prosperity. It has led to increased 

 cut of lumlier. if we had not had a cessation 

 of this jirosperily in sonte way or otiier we 

 probably would have been very sorry because 

 the American nation goes on at a very fast pace. 

 We do not Uxtk far enough atiead and we want 

 to make everything we can tomorrow and spen<l 

 it next da.\-. The result of going ahead so fast 

 has been the liistory of many branches of busi- 

 ness. We increase output too rapidly and are 

 all astonished when we tind we liave too much 

 stock, t do not know as tlutt is true of the lum- 

 ber business today. I>ut 1 hardl.v think we can 

 lot)k forward to an Immediate resumption of 

 business to a satisfactory I)nsis. If this were 

 not a presidential year I should agree with the 

 gentleman that the panic would not last, but 

 witli the presidential campaign ahead of us T 

 doubt very much wliether we can look forward 

 to a very ipiick resumption of business. In fact 

 I think it will probably be well into the sum- 

 mer before we can figure on good business 

 again. We will then have had the nominations 

 at least, for the presidency, and we will he en- 

 abled to look Into the future and estimate the 

 policy of the new administration. Then by early 

 fall we should begin to have a good satisfactory 

 business to continue for some time. New York 

 is having a pretty hard time. Conditions there 

 are very unfortunate. Nobody wants to buy 

 anything at any price, and those who bring lum- 

 ber Into our market are cutting prices to a very 

 alarming extent, which gives the buyer a feel- 

 ing that he Is going to get lower prices still. 

 That feeling must be overcome. I feel that 

 within the next six months we ought to be do- 

 ing business on a satisfactory basis. 



Mr. Stimsou — This matter of the Imsiuess situ- 

 ation as It has been discussed from different 

 points of view, will probably lead to a general 

 conclusion which would be this : The stocks that 

 are in pile are certainly there, and the point is 

 as to whether they are going to be moved or cut 

 prices. However, cutting prices don't sell lum- 

 ber to the fm-niture manufacturer who is not 

 in need of it. Tliat is a fact, and that is why 

 those who liave had men on the road have fouml 

 that they were not selling anything. The furni- 

 ture men will not buy until they need lumber. 

 and they will buy at a reasonable price just as 

 quick as they will buy at cut-throat prices. 



Mr. Shepard — People who are crowded simply 

 have to sell : If things are pretty easy with them 

 they can hold on to their stock. The very best 

 way to break prices is to talk a lot of fool non- 

 sense about good times. The fellows on easy 

 street should stay there and not put lumber on 

 the market. The others are compelled to. There 

 is entirely too much optimistic talk. I believe 

 things are going to open up a little and we are 

 all going to have a little business. Every time 

 you encourage a man to manufacture you are 

 building up possibilities to force somebody else 

 to sell. 



Mr. Greer — I would like to offer a resolution 

 that it be the sentiment of this organization 

 that manufacturers curtail production. 

 Mr. Swain — I second that resolution. 

 Mr. Fathauer — We are always willing and glad 

 to listen to a lieavyweight. and also to hear the 

 philosophical men. There is no use talking, the 

 consumption of hardwood has been decreased a 

 great deal. I would like to cite a little incident 

 of a manufacturer in Chicago eiuploying l.OOU 



people. A year ago they seriously contemplated 

 increasing their capacity but wisely decided not 

 lo do it. Tluit very same nianufncturer closetl 

 down before Chrislmas aiul started up a week 

 ago .Monday, running Ihicc days a week, with 

 luilf llie force. This simply means a redtu-tiou 

 In consumption. The only logical way to meet 

 this is reduction in production. As long as 

 yon pile it up It is very likely that the founda- 

 tion will give way. Therefore we bad better 

 protect the fonudation. The cutting of prices 

 will not sell lumber. It will intimidate the 

 buyer. -Ml cuir theorizing avails nothing unless 

 you meet the reduction of consumption by reduc- 

 tion of production. 



Mr. Slimsiui — The lumber Journals of the coun- 

 try have been sending out letters asking for ex- 

 pressions from manufacturers along these lines, 

 and the point has been discussed in that way, 

 but I am in favor of the resolution offered, at 

 this time, and want to say that production has 

 been cut in two in the mills in the past ninety 

 days. I have serious doubt whether production 

 is being decreased sufficiently, even at that. I 

 have cut production down consideraldy and am 

 continuing to decrease it as fast as I can. I 

 don't want my logs eaten up. Init I want the rest 

 to stand in the tree. 



The resolution was called for and nddplccl .-is 

 the sentiment of the association. 

 THE BANQUET. 



Adjournment was then taken until S j). 

 m., at wliich time an elaborate banquet 

 was served at the Grand Hotel to members 

 of the association and their guests, about 

 a hundred and forty in all. The latter, as 

 usual, -were from far and near, including not 

 only lumbermen who were brought up in 

 the trade in the Hoosier state and have em- 

 barked in business elsewhere — but many 

 ' ' outsiders ' ' who make it a poiut to attend 

 these love feasts whenever possible, being 

 sure that a welcome always awaits them, 

 and a hearing, if they have any cause to 

 present. Many en.ioyablc addresses were 

 made, and both the business and social 

 gatherings brought inspiration anil benefit 

 to all who attended. 



Attendance. 



Ileniv Malev. lleiiiy .Maley Company. ICdin- 

 bnrg, Inil. 



C. A. Phillips. T. II. liarrett Lumber ("om- 

 pany, St. Louis. 



n. C. Scearce. Comer ..t Scearce Company. 

 Mooresville, Ind. 



B. F. Spencer, T. H. Carrett Lumber Com- 

 pany. St. Louis. 



L. N. Schafer, Argos, Ind. 



C. M. Crim. C. M. Crini & Son. Salem. Ind. 

 R. S. Hobertson, Ferguson & Palmer Com- 

 pany, Paducah, Ky. 



M. J. Blitz, Fort Wayne, Ind. 



Walter K. Crim, C. M. CrIm & Son. Salem, 

 Ind. 



J. E. L. Mcl,ean. .John M. Woods & Co.. East 

 Cambridge. Mass. 



W. E. Clmmiierlln, John M. Woods & Co.. East 

 Cambridge, Mass. 



D. D. Xellis. Xellis, Amos & Swift. Ttica. X. Y. 

 C. O. McMalns. Lebanon Lumber & Coal Com- 

 pany, Lebanon, Ind. 



J. G. Wilcox, Lebanon Lumber & Coal Com- 

 pany, Lehanon, Ind. 



Scot Wade, Mowbray & Robinson, Cincinnati. 

 Ohio. 



O. I.. Wade. W. M. Weston Company, P.o-i n. 



,T. I"^ AVlieatley, M. Cutsinger & Sous Com- 

 pany, Edinburg, Ind. 



(Jwen Moffett, Moffett-Ilowniau I.nmlier Com- 

 pany, Madison, Ind. 



X. H. Parker. Xatioual Supjily Company. In- 

 dianapolis, Ind. 



W. II. Coppock. S. P. Coppoek & Sons Lum- 

 ber Company. Indiana])oIls. 



.\l, S, iliiev. liiiilaliap.ills. liiil. 



A. II. lli'lloway. Cloverdale, ind. 



Tbonuis B. Coppock. I-'ort Wayne. Ind. 



<;. .\. liwiggins. Fountain city, Ind. 



I.. W llei-cules. Center, Ind. 



W. .\. luuelvena, Xatlonal .Supply C'ompany. 

 Indiauapolis, Ind. 



.1. T. Davison, Ilamlllon, Ohio. 



\\'. (). Knisely, Kokomo, lud. 



.1. S. Kitchen. Columbus, Ind. 



Thomas Hill. Roachdale. Ind. 



10. B. .Markley. S. Hurkholder Lumber Com 

 pany. Crawfordsville. Ind. 



Roy Hurkholder. S. Bnrkholder l,vimber Com- 

 pany. Ci-awfordsvilie. Ind. 



W. \'l. Barns. St. Louis Ltimberman, St. Louis. 



Willard C. Howe. American Lumberman, Chi 

 cago. 



F. I>. Ileslei. lniliaiia|M)lis, ind. 



11. .M. Romberg, Iiccalur, Ind. 

 t'harles Lieb. Rockport, Ind. 



\V. .1. Roach. Inillanapolis, Ind. 



.1. L. Spear. luflianapolis. 



Claude JIaley. .\laley & Wertz. lOvansville. Ind- 



H. M. Scholler. Crawfoi-dsvllie, Ind. 



Cluirles Iliimmond. Crawfordsville, Ind. 



Pun .1. Sliepard. ICaglesfield & Sliepanl. Indi 

 aliapiilis. 



It. B. Carver. Indianapolis, Ind. 



Henry II. Gibson. II.vrpwoop RkcoIiU, Chi 

 cago. 



C. K. Osborn. .Vnsou-IIixnn Sash & Floor Com- 

 lian.v. Indianapolis. 



.1. W. Martin. A'eedersburg, Ind. 



Cliai-les M'ertz. Iianiei Wertz & Co., (.Jrammer. 

 Ind. 



Henry \\'ertz. IIenr,\' Maley Company. Edin 

 biirg. Ind. 



Daniel Wertz. .Maley A: Wertz. K\'ausville. Ind. 



D. B. Burkhardt. Klwood. Ind. 



C. O. Scliaefer. Indianapolis. Ind. 



P.. Y'oung. Y'oung & Cutsinger. Kvansvlile, Ind. 

 William Threlkeld. Indiana tjuartered Oak 

 Comi)any. Xew York City. 

 H. L. Adams. Fortville. Ind. 

 (iray Potter. C. 11. Barnaby. (Ji-eencastle. Ind. 



D. S. Barnaby. C. II. Barnaby, Greenyastle. 

 Ind. 



.1. H. West, Estabrook-Skeele Lumber Com 

 pany. Chicago. 



II. H. Doering, Lumber Insurers' <;eneral 

 Agency. Sandusky. Ohio. 



Charles S. Halt. Ford & .loliuson Company. 

 Micliigan City, Ind. 



Douglas ilalloch. American Lumberman. Chi 

 cago. 



T. ,1. Stanfield. Enterprise Lumber Conipany. 

 Seymour, Ind. 



C. ,1. Roach, Walnut Lumber CMiiii),Tny. Indi- 

 anapolis, Ind. 



F. W. Abele, D'lleur &. Swain Lunil>er Com- 

 pany. Seymour. Ind. 



IJ. McCracken, Mound City, 111. 



Clarence Boyle. Heath-Witbeck Company. Chi 

 cago. 



E. H. Wood. Cloverdale. Ind. 

 W. S. Cooper. Greenfield. Ind. 



Will L. Xorth. Xortb. Frazier & Co., Portland, 

 Ind. 



William A. Liglitsinger, W. li. Lightsinger & 

 Co., Indianapolis, Ind. 



II. C. ,Tacoby, Hamilton, Ohio. 



Paul Rickey, Monrovia, Ind. 



T. B. Kemper, A. C. Kies Lumber Cnnipany, 

 Indianapolis, Ind. 



.1. D. Maris. Indianapolis Sawed Veneer Com 

 pany. Indianapolis. Ind. 



I>. l\. Kline. Louisville Veneer Mills. Louis- 

 ville. Ky. 



Charles L. Harrison. Himmellierger-IIarrison 

 Lrunber Company, Moreliouse, Mo. 



Lewis Doster, Secretary Hardwood Manufac- 

 turers' Association, Xashville. Tenn. 



C. Crane. C. Crane & Co., Cincinnati, (ibio. 



W. II. nines. Cincinnati, Ohio. 



