The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1874-11-12

footing with her neighbors. Moniour
Traer. r ma. Belle Piaine, and Marshall,
Is grain market, . matter Of tbs most
vital Importance to the prosperity Of the
other
In tile spring Of the present year. Il >
meeting Of the Grange Council os this
county. committee WAS appointed t.
,,!ici, subscriptions and report their sue
cess :, meeting 10 be afterwards
called.
The report OF the committed was
thought quite altering, other meetings
were c.llSi. aiticles If Incorporation
sio,.sss. aud board u directors appoint
ed. uho. on the strength Of represents
,Iors 10 the etsvSI that "A abundance Q.
meats would be prosided l. carry On iae
work, Purchased grounds and let the con-
tr.lt lu- Guiding the elevator and sL5se-
qGyas,y appointed agents . >uPeFiu;t I'D
10.
As its completion drew near. the cuE-
5, mt demands for money and the eosn-
plants UT the contractor iua. be would DC
uuable IL -e.npiete the work according 70
agreement led 10 IN eAamiEsslon ~ t1lV
nnanye> Of the company which reyrSl-u
the fact our elevator would cost Sp,Va,
anG lk2. our Whole subs ripti9l Isl
amounted u isSs than ltH. that while a
IN nd Subscribed literally. those who
had Sls,Eog,d iuGde>i for better markets
ana livelisr trade had done the least; tina,
while lS-ur nleyaanlc had felt i his dGty
10 take I'VE sl1a7e> his more prosperous
nelsabur With an extensive grain farm
ns.nin easy reach q town took TWO
SHARES. ulat while farm laso.ers sub
serib.d one share, farmers owning
quarter section aud II nanv Instances
augh larger tracts of land to5a 10 mere.
that white individuals ~ distance OF
twenty miles, and whose market Is Mon
tour or Marshall, took three shares. THREE
i. of the wes.thiess and Most interested ot
shares each tani one Of these paid his
.tolk IN work, All aue,he- ditat pay j,
81 until actually compelled to- sni tie
fourth AMI ahl->, took bas i've shares o.
ten dollars cash.
Acd 10 tL,ss iiseouraSeTeats The faet
i that those ~ho ought 10 have been in
sympathy With the enterprise. both in
town aud country. aui WHO haI given
strong a,s.g-sces that they would assist
ID raising aay amount necessary io com
NFs+-A sh4.y
the cold shoulder ana refusing ~ redeem
their hedges. but were actually placla.
obstacles n she "a, OF is early complt-
ton Hasi,g the Farmers Elev stos and
he board .. directors the objects or their
>neer> and riii.als, All earnestly hoping
that ; mechanics len would phase it a.
The mercy VI the >ayle-cSs who were
ready with wasiied knives - secure each
idea IF lie euasrra>stasas> under whi1il
the hoard se-e iahoFin.
Moaey ri-ss be RAISED % discharge the
company inivhtuess, and none were able
has hsen lcd - believe that the III ier-
ssaA.A- "N-AN * y iSiiI1fr All y MS -
thai time, impossible 10 procure a.liltioa-
Al subscriptions Grain dealers predicted
q nz1le, bankers Announced Al indie
finite po>tpuaealvu. nj operations. aai
those ~ao had furnished materials .area--
ened TO fi.e their liens, loyk up the build
ing and pocket the key
A. this jancsGre believing ii 10 be 10
ihe Interest Of all concerned 70 commence
oUsiness A. earis possible. AMI il osIsr -
afford ample time - procure additional
subscriptions. taat iisose most interested
to-w.t: The farmers Of Central Tama and
Iae iradesnsn Of Toledo, snigE. o9u ana
consEo- that wAica their labor aad shvi.
naoass lad built almost 10 completion. .
lev Stockholders loaned the company
ION. fo' four months. receiving The con-
l-a, notes secured by mortgage On she /
elevator property,
towards the close OF September. il hav-
Ing been ascets4Inti that Mr. GeS-ge
-AiexaE~!eg had disposed .; hi, elevator nj
Belle Paine, that gentleman wss waited
oa, and induced to come u Toledo anu
a-sss Tie ocaFd Of directors vita i yi,xs,
'aks Charge of Tie ele atos for ten mouths
Abost The firss Of Os:ober. Mr.. Alex
aader CON neacet receivin. grain. aud
sinet saat time Toledo, Instead Of bxiay the
poorest, his becsne tie best market ia
fana County This assertion, BY the
way IS moi intended to reflect On Those al
ready engaged 10 buying grain herr, ,:.err
oeing no competition, they regulated
prices 10 suit themselves rs il seems very
nstarsl 10 do under the circumstances II,
Farmers were rejoiced To receive Eve
And six cents more per hushei for their
"heas than formerly and Toledo was
siSddence,i by an increase of trade
After being 10 operation few days. the
farmers Elevator Was stopped 10 repair
on'ken wheel When the wheel broke.
Hheat Vas selling IN Toledo for seventy 90
'eSenss three ceats per buShei: in half an
aour after The brtaksge il fell 10 sixty ave
EMS, and suddenly rose sgain when the
shetl VAS repaired and in its place.
'aese are significant facts
|: : said tLere are st. ckholders Who are
disposed to complain because the elevator
ras leased - Mr.. alexander and mol
persted by An agent appointed by the
oari of directors Had az agent At
sMPsed 10 do this business there n
'otaing % do il on. The company could
'os command dollar " bur grain with !.
- % sane nAn would undertake 10 act !,
: snpenstendent II salary and be per
oasiay responsible for the funds required :
~ grain and for losses thai night &C
:fse. exneSs = cAses where Ne failed 70 :
lse ese haieeace and caution % preyens
hem HeEce, to lease the elevator wss
he only thsa< tAas cosld Be dose undxr d
be circumstances; md - were very !
artEsass i seesriae = capaAls a.a ~ !