154 Pecan-Growing 



by both associations, and the committee made a standing 

 committee of both organizations. In due time, the National 

 Pecan Growers' Exchange was organized as nearly as pos- 

 sible approximating the California Walnut Growers' Asso- 

 ciation, and chartered under the laws of the state of Georgia, 

 with headquarters, for the time being, at Albany. 



It is the policy of the National Pecan Growers' Exchange 

 to organize and establish local or sub-exchanges in various 

 localities in which the crops are large enough to warrant the 

 erection of plants for curing, grading, and packing the nuts 

 for shipment. The shipments are inspected and come into 

 possession of the National Exchange, which has a contract 

 buyer ready to receive them. Localities which organize sub- 

 exchanges have the privilege of electing representatives who 

 can participate in all deliberations of the board of directors 

 of the National Exchange. All members of the National 

 Pecan Growers' Exchange have one vote each in all matters 

 pertaining to its management. 



Each year, about the first of October when crop conditions 

 are known, the growers supplying the Exchange with nuts 

 are invited to attend or send a representative to a meeting 

 for the purpose of agreeing on prices for pecan nuts for that 

 season. Efforts are made to fix these prices with fairness 

 and justice both to the buyer and the grower. During the 

 summer preceding the harvesting of the nuts, orders are 

 solicited from brokers through their jobbers, subject to the 

 approval of the price to be named by the Exchange. The 

 contracts of sale contain a guarantee against the Exchange 

 reducing its opening price. 



When a delivery of nuts from the orchards is made, they 

 are first cured by being placed in warm, dry, air-heated com- 



