The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1892-10-27
TELLS OF ITS ORIGIN.
The Attack on Pillsbury springs
from Spite and Politics.

The Attack on Pillsbury springs
from Spite and Politics.
@. NJ. Loring, than whom no man In the
Northwest commands more respect anu con-
fdence for what he would have to say In
this connection, writes as follows about the
attack on G. A. Pillsbury by the chicago
wheat gamblers and the political dema-
gogues:
81 am a stakeholder and director In one OF
the largest milling firms in the country, ana
because of this I am opposed to Senator
Washburn's anti-option bill, for If 1t were to
become a law we would be obliged to 60
into a speculative business, whereas now we
can by s'hedging" against sales Of flour for
future delivery, do legitimate milling busi-
ness without the least element Of specula-
ton. Had we the past year been obliged
to purchase and carry the large stock OF
wheat required for our business the loss
would have been great, while under our
present system we have made fair milling
profit.
The elevator system of the country Is the
only thing that enables the farmers of Min
nesota and the Dakotas to compete with the
grain producers of Russia and India. nave
been a grain buyer since 1860 and have pur-
chased wheat in Minnesota for 40 cents
bushel and lost money on it, owing to exces-
siye cost of handling. This wheat was
brought by farmers in wagons twenty to
seventy miles, and was shipped to Chicago
i'm bags and hauled from the depot to the
steamer in Chicago in bags, and when 1t
reached the steamer the charges aud losses
we're almost as much as the first cost Of the
wheat. To-day, through the admirable ele-
yator systems, the cost of handling wheat Is
reduced to the minimum and the farmer
gets the benefit. But the Russians are learn
ing from us. They have had agents hero
looking over our system Of handling grain,
who have taken full notes of our way of do
ing business, and they are now building ele-
yators on the lines of their railroads, and
are extending cheaply built railroads over
their plains, and when their systems are
Completed and their farmers have the same
facilities for handling grain S as s tine farmers hara
much less than our present prices, and our
farmers will be obliged to raise other crops.
Every cent taken from the e cost s 81 b handling
added to the price the farmer sells his
wheat at to-day, and 1t is source of great
stantiy filling the minds of the farmers with
preiudices against men who have been their
| best friends, instead OF educating them to
| duced on the millions of acres Of land in the
vast Northwest territory, and that DIVERSE
farming Is 1 the Snly Psbary ia
rageous 1t had its origin In spite and poll
tics. 1t is not in the interest OF the farmer.
There is not a man In the Northwest who
wheat as c. A. Pillsbury. Every buyer in
| the state knows that.
'sThe statement that elevators are now
| ia at present overdone and the competition
| is SO great that it requires the very closest
business MANAGEMENT to make them paw
Awning and even save them from loss. I
know, as am stakeholder in three Of the
best lines.
| ers are mutual and 1t is better for both that
wheat should bring Q good price, and were
| ii not for the political demagogpes they
| would be the best Of friends.