Courier Democrat. (Langdon, N.D.) 1891-1920, 1893-08-31
MOVING THE CROP
T he Elevator Companies Will
Handle the Crop With
Demand Drafts.
THE OUTLOOK BRIGHTER
Plenty Of Money to Move the
Wheat in the Usual
Manner.

Ever since the crops commenced
to ripen both farmers and business
men have been wondering whether
there would be sufficient money in
sight to move the crop. tits well
known that in the previous years
elevator companies have been in the
habit of borrowing immense sums
with which to purchase wheat. 1t
was naturally presumed, however,
that owing to the financial strin-
gency this year, elevator companies
would be somewhat inconvienced
in their purchase of the crop. The
following letter received from tie
Northwestern Elevator company by
M. Morrison, their local agent, will
make the situation clear:
MINNEAPOLIS, Aug. 90, 1898.
DEAR SIR:-Some agents have re-
ported that there is a good deal Of
criticism and complaint about the
methods of paying for wheat this year.
The methods of paying for wheat this
year are precisely what we have
always done. Our agents have always
sent drafts on this company, which has
always been paid when they reached
this city, and they always will be. We
have just as much funds to start our
business this year, and more than we
have had in the past. The whole
matter is simply this: Every draft
you issue OH this company will be paid
when presented to the bank in this
city on which it is drawn. The banks
think that if we pay in demand drafts
the merchants in the country will
remit them to the wholesale dealers in
cities, and that they will bring them
into the banks in payment for obliga-
tions that they owe the bank here. In
this way it will save the sending Of a
large amount of currency into the
country in the first place. You can
state to everybody and anybody that
the Northwestern Elevator company
will pay every obligation it makes
when presented to it's Office, as it has
done in the past, and were never in
better condition to do it than we are
to-day.
Now as to the commission man that
claims that he is paying the farmer on
better basis than an elevator company
he is doing nothing of the kind. The
man that sells a car of wheat to the
commission man makes draft on
that commission man, and he don't
make draft for the full value of his
wheat either. The only thing to deter
mine is whether a commission man
with an office, a desk and ink-stand for
assetts is more responsible than the
elevator companies with large assets
located right in sight, and of the
highest financial standing and cash
assets of a million dollars. Any man
taking an obligation of this company
takes no risk whatever; it is just as
good as bond of the United States
government. I say this because
know it to be fact. Any talk or ex'
element about this matter is entirely
uncalled for, and the farmer will dis
cover within thirty days that every
draft he takes of this company will bt
paid when presented, and he will be
come entirely satisfied with the system
of doing business. Yours Truly.
A. B. ROBINSON,
General Manager
It is understood that other com
! panies propose to follow the same
course and we feel confident that :
satisfactorily resolution has beer
arrived at in the problem of how
the. crop should be moved. As th'
checks are payable to bearer they
can be used anywhere as currency
and the elevator companies antici
pate that merchants will be quit,
willing to take the drafts in pay
ment for goods and in settlemen
of accounts. Many will doubtless
make individual shipments as il
previous seasons and it is altogethe
probable that quite a number vii
hold their wheat for an advance il
price.