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Show mUi FJGrltT PACKEJIS STOCKMEN ADOPT INDEPENDENT PACKING HOUSE PLAN. Delegates to National Livestock Convention Con-vention at Portland Favor Establishment Estab-lishment of Five Million Dollar Plant. Tho proposition to Incorporate n company of livestock men for tho pur-poso pur-poso of establishing Independent packing pack-ing houses In the stock centers of tho country to eompoto with tho packers' pack-ers' comblno and rcstoro prices on livestock was tho nll-nbsorblng topic of discussion In tho National Livestock Live-stock convention at Portland on Wednesday. Wed-nesday. Uy unanimous voto the convention con-vention endorsed a resolution favoring favor-ing tho Incorporation of such n company com-pany nnd tho establishment of tho Independent In-dependent houses. Stops will now bt taken to raise stock subscriptions tt tho amount of JF 000,000 for tho purpose pur-pose of capitalizing th3 corporation J and placing It upon a financial footing i to proceed with tho work of establish- lng plants for tho purposes outlined In , tho dlscus&lnn. Tho Idea of tho stockmen Is to havo j a corporation composed entirely of i livestock ralper3, who shall bo Bharo- I holders In tho company and the directors direc-tors of Its business affairs. Tho plants of tills company aro to compete with tho combination plants, giving tho producer a bettor price for his stock nnd maintaining reasonable prices to tho consumer In turn these Indopend- cut packing houses aro to be suppvt- cd by tho livestock raisers against i tho combination. Now that tho sso- i elation has endorsed tho plan, which Is entirely separate from the organization, organ-ization, the matter of Intel esting live-Btock live-Btock men In tho project and of securing se-curing subscriptions to ralso tho neceFsary capital will bo placed In tho hands of committees to bo appointed for that purposu In tho stock raising states. ' |