The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1872-01-05

There is no question, however, bu
that our merchants have, many o
them, made mistakes in joining in ,
crusade against the Elevator and th'
grain buyers for the apparent purpos'
Of m aking capital out of the farmers
and prepitiating their good will. l
the merchants know of q wrong OF
the part of grain buyers or the pro
prietors of the Elevator, there is NJ
reason why it should not be exposed,
and unless they know such facts *
exist rs are prejudicial to the pro
ducing interests Of tho country, they
should be wary about lending coun
tensnee to such reports. We be-
lieve that our grain dealers, AND
merchants are alike honorable men,
and that one class as quickly as the
other would sco-n to do mean thing
that in the end could only result il
injury to our town and its interests.
Correspondence.
Mn. EDITOR :-Allusions to oul
business, in some recent articles in
your paper, seem to require some
notice from us; though We do not
think that the controversy is OF
any re1l Importance to the Eleva-
tor, the farmer, the merchant, OF
the business Interests Of the town.
When the railroad was built to
this point, the company determin-
ed to put up an elevator. They
afterward allowed as to build it,
The bu iIding cost us $4,000, In
cash ; and we subsequently ex.
pen ded several thousands more
Being interested in the prosperity
Of the town Chen in its infancy
We then thought it would be, and
moo know that it is worth more to
the business interests of Creseo,
than TIE investment Of much lar
ger amount OF capital in any other
direction.
An elevator has about the same
relation to the shipment Of a crop
of gram that reaper has to farm
er's harvest. The entire crop is
received, prepared and shipped for
market, bv means Of machinery,
the saving of labor, &C., at about
one half the cost Of doing the same
through warehouses, and is a bene.
fit to the farmer to that extent. The
farmer, however, can unload at the
warehouse of the buyer, if he
chooses though nearly all deliver
at the elevator.
About 10000 bushels of wheat
are now in store [hsuled during a
dull season of tho ysar)and held for
an advance, the owner taking the
same risk as the buyers do. Some
times the amount in store is larger.
We keep in our Office a daily file
Of the Milwaukee and Chicago
which every farmer may
see when he comes to Market
BY this circular he can tell exact
ly the margin on which his wheat
in bought. We have no interest
In the pri ce Of wheat, further than
to keep it up to reasonable margin.
The margin for the past two crops
has not At anytime been more than
three cents q bushel-and on the
present crop has averaged consid-
erably less.
In return for the outlay of our
money in this building, insurance,
ETC., each buyer pays us q small
commission Oh every bushcl re-
ceived and shipped for him. Our
income for any season depends on
the whole number of bushels we
receive and ship. Our interest is
to conduct our business in such a
way as to get at least as much
wheat as properly belongs to this
market. With our experience and
interest to guide Us, We think that
We can manage this matter better
than any one else can do it for US.
Prejudice, no doubt sends q few
farmers to other points, who ought
to sell their wheat here but this
is greatly oyer.balanced by
the grain coming from other points
to Cresco for storage aud sale.
A few far'nsrs very hone silly,
but very ignorantly believe that
an elevator must dcfraud in
weights. Ii this Is SO, the law
provides simple remedy. Such
parties do not want to deal with
Us; and, on the other hand, we
will not deal with them, ii we know
whe they are. These men mast
unload At a warehouse. That is
tn. easiest way to deal with that
objection.
Several general operators in pro.
duce buy at every point on this
road. The price Of wheat may