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The Conservative *
caw be protected and promoted by
associated effort.
"First and foremost , the industry
represented in part , in this conven
tion is , by far the largest industry
of our nation , but still more import
ant , it is of a character to impress the
mind and mold the character of its
members in a way peculiar to itself.
Hence the observer of human nature
can never fail to mark the cattlemen
wherever he finds him. In the cattle
business , the unit of value is the
single animal , whoso value is generally -
ally from $20 to $50 ; operations there
for in cattle run speedily and inevit
ably to the use of largo sums of money
on a large scale. The prosecution of
business requires big men and -big
transactions , calling for great compre
hensiveness and alertness of mind ,
courage , and executive ability of the
very highest order.
4' ' This condition points to the first
and graver danger in the business ,
and discloses the pitfall into which so
many have fallen in recent times.
The very magnitude of transactions
leads the mind away from the close
attention to details and minutiae ,
without which no business can suc
ceed. The careful counting of the
costs , the scrutiny of expense , the
thoughtful weighing of contingencies ,
are the prosy things which the aver
age cattleman too often leaves out of
calculation , and this exposes himself
to surprise and failure. I have often
been impressed with this feature when
figuring on some cattleman's propo
sition.
' ' Do you know , I have often thought
I would like to write a lecture on
money ; not on the 16 to 1 feature ; I
never was able to understand that I
would want to leave that to my friend
Simpson but I mean on the socio
logical effect of the varying volume
in use , and methods of using. I is
an old saw , that 'an hundred men can
stand adversity where one can stand
prosperity. ' Money in inordinate
largo supply is more demoralizing
than whisky or opium.
. "The successful control of wealth
and the handling of large sums of
money , require the constant exercise
of rare virtues as well as great skill ,
and the amount a man can success
fully manage is a crucial and correct
test of his calibre. Many a man who
can successfully run a work team and
road scraper will go to pieces when
ho attempts to run a threshing outfit
many a man who can run a herd oi
100 cattle , falls down on 500 ; , aud
many a man who can safely borrow
and use $10,000 , is converted into a
rattle brained harum-scarum , by the
use of $20,000 , ( or $100,000 , as the case
may bo. ) Ho goes over the precipice
at some curve in the track , while
moving at the rate of a mile a minute.
If you will analyze the smash-ups
that have occurred within your knowl
edge , you will find that many were
caused by a load of credit and money
beyond the capacity of tho.machinory.
The speed was high , the rail was
slippery , the brakes failed to work. '
"Closely coupled with the foregoing
is another great bane of cattlemen and
to all business men , especially in
A.merica and in the westthe 'get rich
quick , ' idea ; the playing for high
stakes with low margins ; the taking
of desperate chances for a rich re
ward. This fever breaks out nowhere
hero , now there. But in every line of
commercial endeavor it causes over
trading , resulting in panics , wide
spread ruin and destruction of the in
nocent and guilty alike. You have
seen the corner lot real estate craze
break out also in industrial stocks ,
bank organizations , bank stocks , and
finally in cattle. The obvious lesson
is , that one should go. no farther than
ho can protect himself under ordinary
circumstances.
"To cite a recent instance : Hun
dreds of thousands of dollars of good
Kansas and Missouri stock men and
farmers' money , have beeu-raked into
Chicago and Kansas City lately , gone
from the recent owners forever , on
purchases of corn , oats , provisions ,
that were perfectly good , that is , use
ful to the purchasers at the purchase
price ; but instead of stopping at what
they could use or resell and take care
of , they spread their margins away out
so thin , in the hope of making big
gains on a rise , that they could not
respond to the bear raids and their
little lamps went out just before
dawn. It is an old and profitable
practice of the millionaire operators
to shako out the weak holders of all
kinds of property periodically and
pocket the contributionsr An out
side operator should be in position to
call for delivery of the articles on day
of settlement , if the market does not
suit.
" So a cattleman should never float a
loan of over fifty per cent valuation
on a herd of cows and stock cattle ,
nor over sixty to seventy-five per cenl
on stock steer ? , according'- rnarkel
conditions. The higher the market ,
and-the larger the deal , the groatei
the margin. "
Wou/dYou
knowingly buy unclean
groceries for your table ?
How under the sun can bulk
coffees constantly exposed
to dirt and dust be clean ?
Coffee
comes in sealed pound
packages only , thus in
suring freshness , strength ,
flavor and uniformity.
- -
/
STOPS THfe COUGH AND WORKS OFF
THE COLD.
Laxative Bromo- Quinine Tablets cure
a cold in ono day. No Cure , no Pay.
Price 25 cents.
IDERIGENTSWINTED
to ride and exhibit eamplo bicycle. .
1902 MODELS , $9 to $15
1900 and 1901 Models.TiIgh grade. $7 to $11
8 O O Second-hmna Ythumlm
all makes and models , good as now $3
to 88. Orent Factory Clearing Salt , t
Wo SHIP OH APPROVAL and
10 DAYS TIUAL taithtiut a cent tn advance.
Earn a Blcyclo distributing catalogs. Write
at once for net prices and spcclnl offer.
MEAD nvfiLE OO *
? his signature is on every box of the genuine
Laxative Brome = Quinine Tablet *
lu remedy that cures n cold lii one day
Waukegan
Nurseries
Ornamental
Shade and
Forest Trees *
Evergreens , Shrubs , Etc.
RARE HARDY
i HM
BEAUTIFUL
Largest Stock in America , includ
ing Colorado Blue Spruce , and
Douglas Spruce of Colorado.
Wholesale and Retail
Price Lists on Application.
R. DOUGLAS' SONS.
WAUKEGAN , ILL.