HARDWOOD RECORD 



27 



In the accomplishment of this work the Chicago 

 Hardwood Lumlx'r Exchange has played no small 

 part. It has always loyally supported the Na- 

 tional body, and has acquiesced without ques- 

 tion in the rules of inspection which haye from 

 time to time been promulgated by that organiza- 

 tion. What the National combination has done 

 could not have been accomplished l>y our 

 local exchange, yet the National organization 

 could not have done what it has done without 

 the support and assistance of this exchange and 

 that of many other local organizations of a 

 similar nature. It is therefore with much pleas- 

 ure that this committee is able to report the 

 continued existence Qf the cordial relations be- 

 tween this exchange and the National associa- 

 tion. 



This committee urges upon its membership the 

 necessity of submitting to it all information 

 regarding unfair and unjust claims for demur- 

 rage and of inequitable freight rates as this in- 

 formation develops in the course of their busi- 

 ness transactions. It is only by taking prompt 

 action on such matters and putting the entire 

 influence of this exchange behind them that re- 

 forms can be effected. 



In regard to the river, your committee does 

 not know much about the river. However, if 

 in the future we should be so fortunate as to 

 get our entire committee together, we shall go 



let complete. It was the desire of our commit- 

 tee to have this presented to the exchange be- 

 fore the expiration of our term of office, and 

 would recommend that those succeeding our 

 committee at the very earliest date possible 

 have such a booklet issued to further the work 

 of this exchange, which we consider on a good 

 foundation and well on the road to success. 



With the large membership of our present 

 exchange, with the push and energy shown by 

 our officers and tliose interested in the furthei-- 

 ance of making Chicago the Great Central Mar- 

 ket, we feel that we have accomplished, in a 

 measure, the results sought for. 



In conclusion, our committee wishes to ex- 

 tend to the loflicers of our exchange our thank.^ 

 for the hearty cooperation by encouragement not 

 only in the way of suggestions, hut financial 

 backing to make it possible for us to obtain 

 these results. 



Following the report of Chairman J. S. 

 Trainer of the Market Conditions Commit- 

 tee, the annual reports of the officers were 

 read. The report of Treasurer F, B. MeMul- 

 leu, which follows, showed the treasury to 

 be in a healthy condition. 



During the year we held nine regular meetings. 

 Record of attendance was only kept for the last 

 seven meetings. Eleven missed one meeting ; 

 f> missed two meetings ; S missed three meet- 

 ings ; missed four meetings; 2 missed five; 3 

 missed six; 5 attended every meeting. Out of a 

 possible attendance of 293, 11)2 attended, or a 

 percentage of 55. 



I""ive meetings of the board of managers were 

 held, the attendance being tiO per cent. 



After the Secretar3''s report the Chairmen 

 of the Nominating Committees told of what 

 they had undertaken in the seleetion of offi- 

 cers for the ensuing year. The ticket under 

 the name "Selected Firsts," which was rec- 

 ommended by the committee consisting of 

 Theodore Fathauer, C. L. Cross and F. M. 

 Baker, had practically tlie same candidates 

 as the opposing party styled "Panels.", The 

 committee for the latter included J. S. 

 Trainer, chairman, O. O. Agler and E. C. 

 Sehoen. 



C. L. CROSS, TREASURER 



out and look at the river and report what we 

 will do with it at a later meeting. 



Chairman Hayden of the Publicity Com- 

 mittee then reported as follows: 



Report of Publicity Committee 



March 26, 1910. 



To the members of the Chicago Hardwood 

 Lumber Exchange : Your committee, through 

 its chairman, takes pleasure in presenting to 

 members of this exchange its first annual re- 

 port of the work of furthering the publicity of 

 Chicago as the Great Central Market for the 

 distribution of millions of feet of hardwood 

 lumber. 



While the committee was not selected until 

 October, 1909. the hearty and liberal coopera- 

 tion of the exchange members has made it, in 

 the judgment of your committee, not only a 

 success financially, but one that has given pul>- 

 licity not only to the manufacturing but to the 

 consuming centers of this country. 



The cordial cooperation rendered our com- 

 mittee by the exchange members at our meeting 

 held Xovemljer 27. 1009, authorizing the issu- 

 ance of 150,000 stickers, made it possible for 

 active and. we feel, practical results during 

 the late fall and winter with the trade. 



As chairman of the committee I have had a 

 numl)er of compliments on the work of the 

 exchange in the very neat and practical method 

 of advertising to the world at large through 

 this medittm. 



Your committee had other ideas in the way 

 of publicity to present, and plans were formu- 

 lated to lay before our members a booklet giving 

 a list of the members of the exchange, special 

 lines of trade followed by them, and extracts 

 from the b.v-laws, or a code showing what our 

 exchange stood for ; but it was concluded to 

 await the revision of tlie by-laws and other 

 important matters necessary to make this book- 



• Treasurer's Report 



Cash received from former treasurer. 



J. L. Lane .$ 542.78 



Cash received from dues and sale of 

 stickers through office of the secre- 

 tary from Mardi 211. 1909. to March 

 2fi. 1910 1,513.15 



Total ?2,055.93 



Expenditures 1,498.00 



Balance in bank .? 557.93 



Secretary Dion reported in a concise and 



comprehensive manner as follows: 



Secretary's Report 



Upon the election of the present administra- 

 tion our exchange comprised thirty-three mem- 

 bers. During the year, one of this number was 

 suspended for nonpayment of dues, and one 

 concern resigned. As a result of the member- 

 ship committee's energetic work, twenty-seven 

 concerns were added to our roll. One of these 

 resigned on account of withdrawing from this 

 market. This brings our membership to date to 

 a total of fifty-seven — four of which are non- 

 resident — a gain of S4 per cent in membership. 



Your secretary received and turned over to 

 the treasurer $1,513.15 during his tei-m of office. 

 $1,365 of which was received for dues and 

 *148.15 for stickers. There is diie the exchange 

 .f2]0 for back dues and $43.70 tor stickers. For 

 stickers turned over to your secretary the treas- 

 urer paid .$185. Adding the amount received 

 from the members for these stickers ($148.13) 

 to the amount still due for same ($43.70), makes 

 a total of $191.85. a difference in favor of the 

 exchequer of $0.85. $3 of which was used for 

 postage, the balanci' representing 2,000 stickers 

 which the publicity committee secured gratis 

 from the printer. 



SMITH, DIRECTOR 



Following the report of these committees, 

 the president appointed tellers to distribute 

 ballots, and following the voting they ad- 

 journed for the count. During the intermis- 

 sion various exchange members and visitors 

 were called upon for remarks. Theodore 

 Fathauer, in a short talk, recommended that 

 the Chicago Hardwood Exchange endorse 

 the candidacy of F. A. Diggins of Cadillac 

 for the presidency of the National Hardwood 

 Lumber Association, the annual meeting of 

 which takes place in June, at Louisville. 



Following Mr. Fathauer 's suggestion, the 

 tellers reappeared with the ballots, and re- 

 l)orted a victory for the "Selected Firsts," 

 the following new officers being elected: F. 

 L. Brown, president; W. C. Schreiber, vice- 

 president; F. B. McMuUen, secretary; C. L. 

 Cross, treasurer, and H. S. Hayden, J. S. 

 Benedict, Fred D. Smith, J. S. Trainer, F. 

 M. Baker, F. C. Van Xorstrand and Edward 

 E. Steele, xlircctors. 



Before adjournment W. C. Schreiber put 

 Mr. Fathauer 's previous suggestion in the 

 form -of a motion, which was amended by 

 Mr. Fathauer who proposed that F. A. Dig- 



