530 TWENTY-SECOND ANNUAL YEAR BOOK— PART VII 



The President : I take it that some of the men here have some 

 questions that they might want to ask, and we will spend about five 

 minutes, if that is the case. 



Q. I would like to ask a question, Mr. McKerrow. Supposing 

 an Iowa or Illinois feeder sends an order to you for a certain type 

 or class of feeder cattle. In your feeder department you don't 

 have the goods to fill the order, are you able to, or do you ever 

 attempt to go out into the yards and fill the order from the regular 

 commission companies? 



A. I guess most of you heard the question. The gentleman asks, 

 are we able to go out and buy cattle from other people? We 

 bought a few head from one firm that belonged to the exchange, 

 and I understand that he was — when we used to go to school, if we 

 did something naughty, we had to stand up by the desk, and this 

 firm was expelled for a week before they could again operate on 

 the market. (Laughter.) The thing that irritates me is that this 

 group of thirty-three firms are attempting to control or say how 

 60,000 farmers are going to have their business done. If they can 

 get away with a thing of that sort, I say that it has come to a 

 pretty pass. 



The President : Mr. McKerrow, I would like to ask you — it 

 may be that you are not in a position to answer this question: On 

 the basis of your November receipts, what would be about your 

 pro rata — that is, in percentages of commissions per car? 



Mr. McKerrow: Our November business — we did business for 

 approximately $8 per car, while the average old line charge is, I 

 think, between $19 and $20 per car. Of course, we did a big volume 

 of business in November, but I do believe there is no question but 

 what we can do business for, easily, $8 a car for the year — I feel 

 that way now. 



Q. How many cattle salesmen have you got up there, Mr. Mc- 

 Kerrow ? 



A. We have now five cattle salesmen. We started out with three. 

 We started out with twenty people, and we now have thirty-two 

 in the organization. 



O. How much money have you in the bank now? 



A. Twenty-six thousand dollars. We have another thousand 

 dollars to put in this week, and you can count that if you want to. 



Q. That has all been earned by the company since you started in 

 business? 



A. Yes. Now you sometimes hear farmers say that these co- 



