550 IOWA DEPARTMENT OF AGRICULTURE 



CORN BELT CATTLE FEEDERS' CO-OPERATIVE 

 ASSOCIATION. 



Now we will listen to Mr. Wallace's report of the sub-com- 

 mittee. 



Henry C. Wallace : As Mr. Sykes said, this report of Mr. 

 Harlan's will be open for discussion tomorrow. I think we ought 

 to say this about Mr. Harlan's work : Last winter the directors 

 felt we had been fussing along long enough without adequate 

 knowledge of live stock conditions at Chicago and other markets, 

 and we decided to simply put Mr. Harlan there to study these 

 things and collect these basic facts he has presented today, on the 

 theory that until we had those we could get nowhere. We had 

 been consulting and complaining and resoluting for forty years 

 and were no further ahead today than we were then, except as we 

 gathered this data. The Farm Bureau has joined with us in pay- 

 ing the expense and we feel that with the work which has been 

 done there, and which will be completed about March 1, we have 

 got something definite to work on, we will have some ammunition 

 in the way of real information. And, of course, it just depends 

 upon what sort of use we are going to make of that — if we know 

 enough to use it intelligently we will get somewhere, and if we do 

 not we will not get anywhere. 



Of course, I am not a member of the committee ; they asked 

 me to present the report to you with the thought that instead of 

 reading it all, I can condense it somewhat as I go along and get 

 thru more quickly. 



This report is the report of the sub-committee appointed by 

 the directors at a meeting held about six weeks ago. The sub- 

 committee consisted of Mr. Cessna, Mr. Mott, Mr. Sykes, and act- 

 ing with Mr. Harlan. They made the report to the directors, and 

 the directors considered it last night. We had it printed and in 

 the hands of the directors several days before the meeting, and as 

 a result of the meeting of the directors last night we bring it be- 

 fore you with the suggestion that it have favorable consideration. 



It is not supposed that this is exactly the form that it 

 ought to be when finally passed up, as some changes may be 

 made here and there, but the general thought is it is about as it 

 will be. 



