Telegram-herald., 1889-08-04

MILLING INDUSTRIES.



N e = a. eA'fAet Efon
tt.t --let 1i tie late n-4zz ccuyen-
. .g- al f1rlni8.
-.... e.. ..fi -s tt, r.........--
sfr-
-A---s et 10
tat-t- ua-1rs sere present u
tae fa-.-ll ~ tile Toronto Board 81
+ Trsf 49,. ........... $50. y. rl..I
~ or
'-as- H-'--eie7' "Ao sall mat
t-ley nlet .otAy a. nlllieEs. ~ study es-
I ree-a. a.la. 4as best Tor ta@.- so..i.l
frf..-r f.. I.4 ,.....l
~-~
-ts -1ilr-
GA l4r auI 4fternaf1 Is cents
"A LasneI had been rlae4a .n
r t-r. r-tt~.
.-1L-
's --- - Aii--fs were concerned.
t.r number of years tile Is .a8lltv
Fts not loDeet verg raneh ir..o,...l
.. f....r.. ,s..... i,-.... +...4
''- l''i'
- SEC past ~" years, how
cf--i nte oar Hour was going .nto
c1u. t.t.ca n.ta American aa1r .r t..
I....r .....,.... tt...t....t
'i-1 e'''- A., FA1Aii5l AIlet
'l-tt4n lad gone % Ottawa o. inter-
t-et t-e government, seeking for some
f,l-el, aad ne thought that all had
e1ile aHtY thoroughly disappointed.
I 10 Hts therefore resolved o. have mass
lirt -inS ol AAlers called 20 consider
tu--f grievances, 20 come 10 some con-
/ c.u7-olr ald to press their conclusions
strongly GA the Government.
|E. .Hf.. -.
F during tle Ist two years, and il was
tup-snl tA4tsl barrel duty would have
I alley .ated % very much, protecting their
industry A. the other national industries
T oI i-r country were protected.
+ .- lssoc-aron reorganked and elect
ei l-itir oilcef,- lne new president, J. G.
nay, tooN tae char. committee OF
a'-e nen was appointed 10 report II
l-ie evening session.
/ /. " oAkVllle ied the discussion on
1ae neN- order. Tho present critical
condition oi the milling industry, It's
I cause, A-t remedies WITH reference 10
tlt Aocc and wheat dutles.' IL had
occurred 20 some OF them, perhaps, he
,til, that the milling business was Ike
tle world WIS before the tiOOd-it was
bad. lie was unfortunately a holder
I 0f uulng property. He could see
/ other knts OF property double and
e'.c n value ln the last few years.
Toe real estate OF Toronto had, but the
milling property OF Toronto had gone
Jl-t tilt much the other way THIS
/ WAS tta state OF affairs that the larg-
| eet and most expensive property III the
I coult.y should be such bad invest
mcat. II lle nulllng business was ar
+ rDgacd before the banker, every
show q dollar OF profit IN twenty years.
/ Il ae WAS asked TO diagnose the con-
dt.on of the business, ne would say
-uat Z was dying OK consumption pro-
duccd by starvation. There WAS more
milling machinery employed IN Canada
tlau would supply the flour for the
[ country five times over. The only
I remedy that hc knew OK was to keep
capital out of milling property. Men
| engaged m tine business with good
/ credit, and liberal borrowers are mis-
guiding; they lead people % think that
I every dollar invested Is made out of
| tle milling business, which causes
| hundreds 20 erect mills and to do busi-
, ness at n loss. hOu.ug for better times
tO come.
MIR David Plewes. of BrantfOrd, gave
two reasons for the difficulties from
Wtrh mlers are suffering: First
They had nut too much capital into the
tu. ness. Second-Thev had pad too
much for their wheat. Thir,l-Thev
I bad not been able to themselves.
Hr presented the matter to Mr.. Tupper
40 the capital, who said: "Nou see the
thing this. If we give YOU the dol
ltr barrel you ask for, 1t means the
loss 81 four OF five constituencies"
"Ihen,' continued Mr.. Plewes, 80
long as you vote for your party, no
matter whom thcv serve, 80 long YOU
wili Pee trampled uu0n." II the course
were adopted not 90 vote for a man
who did not favor the millers' cause.
their grievances would be remedied rs
the next session. Mr.. Plewes strongly
advised unity of action.
Nr. JAS. stark, Paisley. said they all
knew TOO much about the milling IN
dustrv tor their own good. They all
know that owing tO its improbable
condition. this gathering had met to see
Il they could not get their trade on a
PAYING hasis. One OF the greatest
clites OK milling being Improbable was
tae buyug ot wheat on speculation.
7nt tle great grain gambling center Of
. Chicago. Prices Of wheat were raised
: above Slice reaI value. Another great
cl.sr was the tendency 90 mOuOpOhcs.
lae rrovnrg cause of all. however,
nas tae ho.dug oi lhe lower province
tr'.e r.tu American flour TINS Hour
N1- brought iu and the Government
! . ......lt t...a and 11q~ ono of fnc rrrar