thanks all.
deffinatly not a new concept.
i use this way for my cane shafts as well, but i do not "p;ug" the cane....i just wrap and wedge,then i cut down the inside round pith edges that may cause wear on my bow string.
as far as the point end i either "pound" the end lightly to get may splinters, dip it into pitch glue and form it around my flint head..then wrap well with sinew,then apply thin pine resin over the wraping to waterproof it.
jamie