, 1890-11-27

promptly, as would have been the case,
the ouyer could have turned his money
Iour or hVc times, and, having 4 do
mnnd and market he could depend OIL,
couid have paid or 8 cents more per
nushel and had no blockade nor refusal
70 oliv. the greatest good to The great.
est number Is us truc us IT Is time.hon-
ored, that would have resulted from al
io"inR the regular warehouse men to
nhnulethe wheat as in 9th r years, when
FARMERS and all admit they paid all
wheat was worth and were able to take
care of IL.
MANY ofthose farmers who were left
IN TINS transaction have felt much
abused because buyers did not base
their prices on Chicago, which, owing to
aspeculatlve market, would have justi-
neu more money. Lot us see what
would have been the result: AS we said,
tne buyers are now carrying 5000, coo
bushels OF wheat, which tho farmer says
lie should have bought on Chicago
vaiues. a few days ago Chicago cash
wheat was selling at S1.04 per bushel.
~ this writing 1t is 80 cents per bushel,
showing decline of 10 cents per bushel
IN lew days, which would have caught
the Washington buyers with o. 0OO, 600
bushels with a Is cent loss per bushel,
or IA round figures $1,000, 900
which would have driven every
'b' w tHt wall ana muCn
OF the farmers wheat held in store would
have gone with them.
Now you have the reasons why the
railroads don't move this wheat, and
| why the buyers do not pay what Eastern
markets wouldl4eem tojustify. Whenever
the railroads refuse to move this wheat
East, in times of heavy demands for cars,
you VIII find more ready transportation
and III the end all will be more benefit
ed. To-day the buyers are tied hand
and foot. Their storage capacity is filled
to the raiters. The side tracks are lined
with wheat they have bought from the
farmers, to keep II from rotting in his
fields, and piled 1t on the ground at their
own risk. much of which will be lost
ana threatened with violence because he
did not pay 10 cents per bushol moro
than wheat was worth.
''Three-ioufths of the crop has been
delivered and the rancher either has his
money or the equivalent, and If such
incondiary talk as your village CORE
spondrnts are trying TO put in farmers
mouths, which We have shown to be
utterly destitute OF truth or reason, was
rebuked by the farmer whom he bellies
and ISLANDERS 1t would be much better
for all. There are two buyers in the
Palouse country to-day whose daily re-
ceipts are running up to 1OO cars per
day, and they are getting not over six
empty cars each. Money is tighter than
for thirty years; yet up TO a day or so
since these two buyers have furnished
money to handle this crop and now can
not realize dollar, ana will not be able
to turn their wheat for many months
and must take all chances OF further de-
cline, which at present seem imminent.
SO far from there being any coIlusion,
the wheat buyer is in IA much worse fix
Ns.r t.N
on his wheat, but tue buyer can not"
what has been the average price
paid for wheat in the Palouse country?'
THE market opened ut 55c and has
declined 10c. The average price paid
was sic. Whatever the list price is we
are always willing TO make contracts
for future delivery at that price, and
every bushel of wheat in the Palouse
country could have been sold at an aver
age price of 53c, but farmers deluded
then selves with the belief wheat would
sell at 6oc, consequently chose to take
chances on speculation. Taking the past
twelve years, nine of them showed bet
ter prices by to loo on the opening of
the season than prevailed in the spring
The farmer who makes point of SELL
ing his wheat in the early fall is the
fortunate one. Nine times out of twelve
the speCulator loses from to l5c per
bushel, and ho is the growlcr, while his
neighbor, who sells when his produce Is
ready for market gets his money, pays
his debts, and Is contented."
What has the Farmers Alliance
done to improve the condition of the
farmer?
III do not think they will make their
operating expenses. A very large per-
centage OF the unsold wheat along the
limo Is piled up in alliance houses where
they we're led TO believe they would get
enormous prices, but are unable to do
so. If the same stringency in money
continues and transportation does not
improve. there will be much distress
with such farmers before they can get
their money. They are paying Is to Is
per cent. for money and wheat declining
on them. No concern can mako a sue
cess of the wheat business unless they
have unlimited money to carry IL with.
The alliance is all right II their theories
are reduced to practice"
"What effect do you think our tariff
laws have on the wheat msrket2'
II am not "A politician and don't care
to 20 into that subject but | am fully
satisfied our farmers must make up
their minds to take much lower prices
for their wheat III the future If those
laws are maintained. England may not
retaliate by direct legislation, but she
will surely do all in her power to en-
courage greater production of wheat in
India, Australia and other provinces
and cut OIL the demand for American
wheat, which will materially effect our
prices. Already she has appointed
commission with this view In end"
What about the farmers railroad
scheme, as talked by Colonel Winston"
"Colonel Winston was in one of his
faceIious moods and imposed his fun on
your reporter. The road he speaks of
would cost, $50, 900, 600 and take six years
to build il. II is simply Utopian."
"What do you think of the scheme for
a railroad commission
ut is good and badly needed; but we
want no hostile legislation to drive cor
porations out of the country. Rather
invite them here, with their money
then pass equitable laws to govern them.
To develop the great industries Of our
state we must have corporations. |
think the railroads will reduce rates
before another season. We are not the
only people who have difficulty in
getting our produce to market. Kansas,
Nebraska, Iowa, Minnesota and Dakota
experience the same difficulty. Rail
roads can not afford to SO eqnip their
lines to move in three months q crop
that II takes twelve months to move.
Had the people of this country availed
themselves Of opportunities oite cred them
by the railroads and grain buyers early
In the season, there would be no grum-
bling now. Speculation went against
them, and 1t always hurts"