Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-05-08

The Legislature can give rs NO relief, and
we can gain nothing by denouncing inese
trusts. The remedy Is in our own hands,
and II we fall 10 apply 1t we deserve to be
slaves.
"Hitherto nothing has been published
in regard to the details Of the Farmers
Trus! to be submitted to the conven-
tion to be held in Topeka May /.
These are Substantially as follows.
It Is our plan to appoint agents
to sell our produce and local agents to
gather 1t together and to ship it to the
various markets; to create an executive
board and buresu OF statistics, which
shall collect crop reports, regulate ship
ments and establish prices. We may have
an overproducticn, but BY keeping the
surplus Oh the market We csn always
maintain fair prices what there may
be Q demand. OF course 1t will take q
very large amount OF money to put this
plan into practical operation, and we
expect to raise the operating expenses
necessary in this way.
coming convention to incorporate the
trust, with a capital stock of $40, Oce 600,
to be issued in $40 shares, 10000 ,00U of
the stock to be held In reserve and &c.
0e0, COO to be sold to actual farmers and
stock raisers At fifty cents or less on the
81. The stock is to be proportioned to
the respective states and territories ac-
cording to their farming population and
frih
uted in counties, townships or districts.
The money received in this manner will
be used in inaugurating the Farmers
Trust.
1.-THE AGENTS who will be appointed at
Kansas City, st. Louis and other COM
mercisl points to Sell our produce will
have fixed salaries, but will be required
to collect the usual commissions for SELL
ing produce. The commissions for mar
keting cattle, swine and sheep at Kansas
City, Chicago and St. Louis In 1887 was
81. 1888, SIG; add to this sum half as much
more for Cincinnati, Omaha, Indianapolis,
Cedar Rspide, Louisville and st. Joseph,
and we have the total of commissions for
selling cattle. swine ard sheep Of the
Mississippi Vail y 81, 325,725. The
annual production OF wheat,
corn, oats, rye, fax and
barley in the Mississippi valley is es,i.
mated at 8 00o, 600. 600 bushels. IL Is safe
| TO say that three-fifths of this amount is
sold in the public markets, on which the
| commissions are paid by the producer,
amounting to about Sc, 900, 900, making
grand total of commissions paid on live
stock and cereals of $4,000, 900 annually.
"This entire business of selling could
be done under our proposed trust system
at cost not to exceed 81 900, 600 an
nually. The sum collected by our SCENTS
as commissions, after deducting the
amount necessary for the payment
of salaries and running expenses Of
the trust would be paid into the treasury
for the benefit OF the stockholders, and
should this plsn be generally adopted and
the farmers and stock raisers market all
their produce through our agencies, 1t
would effvc q saving in commissions Of
| SO, 900, 900 annually, and in two years st
this rate we would have in the treasury
S1s, 900, 900 placed to the credit OF the
stockholders, which could be paid out in
dividends or appropriated In the purchase
of stock yards and grain elevators, and
thus another great saving would be &C.
complished by reducing stock yard and
elevator charges.
IT think III convention " Ill adopt the
municipal township as suxiilary district
trusts, numbering them ole, two, three,
and so on, designating the county and
state. When ten or more farmers in &
| township associate themselves together
sad make application for stock, sending
fifty cents on the dollar, psid-up stock
certificates will be furnished TO each
member Of the local association, withse
charter establishing them IS an auxfiiary
Farmers Trust, but no stock can be
transferred by stakeholder excePtF by
resolution OF the executive board.
"The keystone to the arch of this COM
binstion is the local shipping agent, who
csn always be reached by telegraphic
Communication, and through whom all
shipments of farm products will be d.
Iected by the executive board. At the
present time there are less than l per
cent, of the farmers and stockraisers who
do their own shipping. They are obliged
to depend on local buyers to gather up
their produce and ship upon the market.
Under this system no outside local buyer
could compete with our shipping agents.
II so per cent. of the farmers
should refuse to subscribe stock
and remain outside of the associa-
ton, they would only deprive them
selves OF being equsl benehcisries of the
Trust, but could not defeat the object for
which the Trust WAS inaugurated; for
this 80 per cent. would be compelled
through interest and necess ty to market
their produce through the trust sgen-
cies, thus giving the trust control over
shipments and power to regulate the
supply and govern the market, while the
entire agricultural class would be bene-
fitted by receiving q more uniform and
reasonable price for their products. but
special pscunisry advantages would ac-
crue to sscckh 1lders Of theI orsaniz.-
ton.
"Governor Martin has already ap-
pointed the delegates from Kansas to tn
convention, and havs received letters
from several others stating they will
make the appointments. Iexpect large
attendance at the convehticn. The farm
ers, think, are awakening to their inter-
ests, ard it is Important thst we have al
least one representative from each State
and Territory named in the call to sign