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Whereas this branch of the American Society of Equity is known and 

 recognized as the essential oil branch, 



And whereas at this time nothing has been done or said in regard to 

 any other essential oil produced in marketable quantities in this jurisdiction 

 other than oil peppermint, 



And whereas it is not deemed advisable at this time to make recommend- 

 ations regarding prices or productions of said other essential oils. 



Therefore be it resolved that we do not deem it advisable or necessary at this 

 time to take into consideration matters pertaining to the production and marketing 

 of such essential oils other than oil peppermint produced within our jurisdiction, 

 but stand ready to consider all matters of this nature in the future as circum- 

 stances and conditions seem to demand." 



The further circular of The American Society of Equity, dated 

 September 24, 1906, will also be of interest to our renders: — 



"It is deemed advisable that all growers of Essential Oils should know 

 the market and price situations, this being the time that local buyers are acting 

 with New York and other speculators to depress prices in order to cover short 

 sales (futures) at too low figures, and stock up for speculative purposes. Now 

 the public does not practically get any benefit out of these low prices to the 

 growers and the grower is expected to rush in with his oil and sell at a lower 

 price than he should in order to carry out the scheme to fill the pocket of 

 the speculator. 



At the Kalamazoo meeting September 5th, a price of from $ 2.75 to 

 $ 3.00 was recommended and even higher prices justifiable, taking into con- 

 sideration the consumption, cost of growing, shortage of crop and other natural 

 disadvantages to the grower, local buyers and representatives of New York and 

 other handlers of oils, were unanimous that $ 2.75 to $ 3.00 was not too 

 high to the grower and only equitable for peppermint to the grower this 

 season. Buyers admitting that the grower should have received $ 2.50 for 

 last year's crop. It has turned out, however, that speculators will speculate as 

 long as the grower will lay himself liable to speculation by being unorganized 

 and uneducated as to the tricks that are played upon him, making the farmers 

 the dupes of all others. 



The plan at present is to scare the grower into selling his oil for a low 

 figure, telling him the price is going down, and that there is more oil grown 

 than was expected, staying away from the grower making him believe they do 

 not want oil or any other story to scare in the oil, so the buyers have chopped 

 from $ 2.75 to $ 2.40. Now candidly is this not a pernicious practice and 

 should not every grower set himself against such practices and systematic 

 robbery? New York papers read about like this: "While prices on peppermint 

 are lower, the New York selling prices are unchanged''. So you see it is like 

 the millers, no matter how low wheat goes, the price of flour remains about 

 the same. 



There is surely a remedy for the frowners, and that is organization. As 

 the crop is short and so admitted by all who read and are in touch with the 

 situation a little bit, follow the plan of the American Society of Equity, hold 

 your oil until the demand comes. Every pound of oil sold at a low figure 

 will stand against the grower until consumed, and even the buyers may 

 claim New York has lots of oil in stock. New York advices this summer 

 have been about like this: Peppermint did not winter well; old stock short; 

 prices higher. 



This was when they were selling. Why don't they carry out their 

 declarations and give the growers some benefit of the true situation? 



