Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1891-08-19
THE suB.TREAsuRY PLAN.

In the State of Missouri All ITS Essential
Features Are in Operation Except the
Principal Demand-Cheap Money.
1t would appear from the following
advertisement of one of the leading ele-
vator companies in the state of Missouri
that most of the features of the sub
treasury plan are already in vogue in
that state.
To the Raisers and Handlers of Grain:
In order that our customers may either
store or handle grain as they may wish, we
have provided ourselves with abundant IA
cilities for storage, transferring and buying.
At our country houses we will be prepared at
all times to buy cash grain by the wagon
load At our cIerdtOrs we will receive grain
for storage, either by the wagon or car load,
issuin, receipts for each lot at a reasonable
rate, which makes the holding of grain pos
sible to the farmer at a much less expense
than he can store 1t on the farm. and insures
to him the freight and grade.
Our principal elevators are under state
supervision and the state officials have full
charge OF the ,ceighing and inspection.
By placing grain in store and obtaining a
receipt, it enables the owner to dispose of it
at any time by simply delivering the receipt
to the party to whom he makes the sale, and
thereby enables him to take advantage Of any
sudden change in the markets at any time he
may choose.
We guarantee TO the holder of a receipt
that he shall be delivered the quantity and
quality called for which relieves him of all
risk of loss on weights or grades while in
store.
We will attend to fire insurance If desired
and can always obtain for our ustomers the
lowest rates.
We are also prepared at all times to buy
storage grain; and in case holders should
wish cash advanced on their receipts, we
can undoubtedly arrange with them
We think the benefits to be derived from
such system viii be seen readily by all,
and should further information be desired
we will be pleased to furnish it,
Charges for receiving and storing grain:
Receiving and shipping, including Is
days storage, per bushel. .............. lc.
Storage, for each 15 days or part thereof,
Transferring, from one car to another,
per bushel. l.......................... lac
Winter storage commences November 10
and ends May l5, and will not exceed four
cents per bushel.
Here we have the storage of grain
under state supervision; state weighing,
inspection and grading; state storage
receipts transferable by sale and de-
livery; but prioote cash advances upon
such receipts"
Now have positive knowledge of the
fact that within the last thirty days
money has been loaned upon real
estate security in this state for ninety
days at the usuriou2 rate of Is per cent
and we are reasonably safe in assuming
that upon the security of grain receipts
the farmer must pay at the rate of two
per cent. a month for "cash advances"
Let us thus suppose case. A farmer
stores 800 bushels of SO-cent wheat,
value $240 and borrows thereon 5000 for
six months at two per cent. a month.
Atthe end of six months wheat must
have advanced eight cents per bushel
in order to pay the interest upon the
cash advance. If it advances IA cents
per bushel and the 800 bushels in ques-
ton was stored on November Is, the
interest, storage, charges and insurance
| will absorb the whole IA cents advance
in price.
Now, suppose that the people, or gov
ernment, make the "cash advance of
$500 at the rate of two per cent. a year
At the end of six months the total in
terest charged would be two dollars
| and if wheat had raised in price IA cents
per bushel, the farmer would be able to
pay the interest, storage and insurance
charges and yet be benefited in the
| sum of S22 or ~ cents per bushel on
the 800 bushels stored.
There is no better security for money
in the world than wheat at it's gold
| value in the Liverpool market.
GEORGE c. WARD