St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-05-06

wheat in Liverpool and New York. ;: 1t
is an undeniable fact that the millers OF
Minneapolis and Lake Superior have
been paying several cents a bushel more
for wheat of late than it wss worth to
ship out of the city. Think the present
quotations of wheat are about SO cents
in Chicago and SO cents in Minneapolis.
Duluth and New York city.
''The sooner the farmers get rid of the
idea that com binations i'll the Northwest
are responsible III any way for the low
prices Of wheat that have prevailed
ately. the sooner there may be some in
elligent, successful work done in the
way of better prices. The very ones
whom the demagogues have been con:
demning and abusing have been putting
millions of dollars annually into, the
hands of the farmers of the Northwest
Notwithstanding this, however, the
farmers have not been getting a de cent
living price for their wheat | think it
could lie truthfully stated that, take the
mills of the Northwest during the past
three years. they have paid the far Eers
more money for wheat than they have
received for it. Ii you could take the
balance sheets of all the Northwestern
| mills and consolidate them, the profit
and loss account would show big bal
ance On the wrong side. - =
NOW, certainly, men who average
fair amount of brains cannot be robbing
the farmers If they are paying them
more money for wheat than they.are
getting out of it. The reasons of low
prices of wheat are many, and include
several crops where the world over-pro-
duced supply of wheat. but this prob.
ably has not cut anywhere near SO much
of figure as short selling and the de-
monetiZation of silver.
There are plenty of men who would
be glad to cooperate with the farmers
OF The Northwest i'll any inteliigentways.
to help the situation. but as long IS
they will be Influenced more BY denia-
gogical ami sophisticai pleas and argns
ments than by genuine oneS.' tits ho'
use for any one to try to interfere.
Some say that the elevator cOmpa-
MES are making undue profits Now,
outside of the profit there is in what is
called carrying charges. by which saE
elevator company can buy cash wheat,
pay for it, and sell it for future delivery
and insure good carrying charges, l.
say, outside of this, / do not
believe there is an elevator company
in the Northwest that has made
over per cent Il buShel on its pur=,
actually cost them to handle the wheat
SO. IT one goes Oh the theory that am
elevator company is not entitled to make
any profit. they have not defrauded the
farmers more than l cent busheI. Isl
they are entitled to make l cent a
bushel profit. they have not defraudeds
the farmers at all.
"Such schemes as Mr. Donneily pro-
poses will do the farmers no good. The:
only harm they will do will be to. draw.
the farmers attention from the reaEl
causes of present low prices, instead sof4
turning it to the actual cause eff the de-
preston. | wish Mr.. DonnelIys COULD
see all these matters in their proper
light, as he seems to have more iuf1u-
ence with the farmers than anyone else
and he could become a great power for
good, as he has brains and good nature.
II am too good friend of the farmers
to want to see them cropping around in
the dark after legislation and plans that
will do them no earthly good, and not
devote their ottentlOn TO some of the
crying evils Of the times"