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mentioned labor troubles, there is no reason for complaint in our line 

 of business. 



The year 1911 has again brought a very considerable increase in 

 the volume of our business over the preceding year and, though on 

 account of keen competition, the margin of profit did not grow in the 

 same proportion as the volume of business, the year must, nevertheless, 

 be pronounced as a very successful one. 



Referring to the business prospects for the current year and judging 

 from the amount of contract business closed during the first months 

 of 1912, all indications would again point to a substantial gain over the 

 good results attained in the preceding year. 



The unfavorable crop conditions for many of the important raw 

 materials affecting our line, rendered the business during the Fall and 

 Winter months of 1911 and 1912 rather troublesome and unprofitable, 

 as the extremely high prices for oils of lavender, geranium and 

 bergamot, for instance, interfered seriously with the traffic in these 

 staple commodities. 



In regard to our trade with the Dominion of Canada, the expectations 

 expressed in our last Report with reference to the Reciprocity Bill were 

 not fulfilled. This apparently disappointing outcome, however, did not 

 interfere with a further satisfactory development and extension of our 

 business in this rapidly growing territory, which affords a constantly 

 increasing outlet for goods in our line. 



We consider the policy of our business to which we have adhered 

 during a period of over forty years, and which has been practically 

 sanctioned by the enactment of the Pure Food Law, as the sound foun- 

 dation upon which we expect to further build and enlarge our business 

 by continuing to advocate the use of pure products in preference to 

 cheaper and adulterated goods." 

 The usual table supplied to us by our friends showing the exports 

 from and imports into the United States of essential oils, will be found 

 on p. 18. 



The conditions prevailing in Mexico are the reverse of cheerful, but 

 it is not difficult to understand why it is that this market, in which up to 

 the present our goods have been able to boast an increasing sale, has 

 not shown the expected further development last year. It cannot be 

 denied that the failure of General Reyes' counter-revolution has somewhat 

 •aimed the feelings of the people, but the danger from this movement 

 had hardly been averted when a new trouble arose which previously had 

 attracted scarcely any attention. This is the steady growth of brigandage, 

 which, having been allowed to go undisturbed in its commencement, has 

 now become a formidable danger to the country, the States adjoining the 

 Federal District, and lying therefore at the very gates of the capital, being 

 the most infested. Up to the present all the efforts of the Government 



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