The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-04-21

passing through and storing OF grain
therein, and that the elevator charges
for such service would not be higher
than is customary in regular markets,
and not 10 exceed one cent per bushel
per month for all kinds OF grain; and
also TO execute a good and sufficient
bond that they would perform their
duties faithfully as public warehouse
men, and as a guarantee that they Will
deliver the grain on demand and ten
der of its warehouse receipts The
Board Of Trustees may select an attor-
ney TO draw up the mortgage and con-
tracts and all other papers OF detail 10
the carrying out of these covenants 10
the end. and the elevator company shall
pay expense OF same.
The farmers put in crops year after
year at much expense and without
nearly as much assurance of a crop as
there is for the success Of the elevator.
and the benefits TO be derived through
same, and which would be permanent
with but one outlay Of money and that
too, only in the way of loan which
would come back TO them through the
success Of the elevator. They would
not only be getting their money back
which they advanced on the elevator,
but many times more than this amount
through the increased price they realize
for their grain. which is the real OBJ
ject sought after. The elevator is not
10 be considered by the people or our
selves as a money-making business,
but merely as a necessity toward the
securing OF the lowest possible freight
rates and intermediate handling ex-
pense between the producer and con-
sumner.
We, the Galveston Export Company.
consider the above a plain business
proposition, which should meet with
the hearty financial and moral support
of all. Our general manager, Mr.. d.
c. 1mboden, has been actively identi-
fed with the grain business since 1878,
twelve years in Kansas City, where he
enjoyed large business, and since
1891 in Galveston. In that year he in
troduced TO Europe the first Texas
wheat, and established Galveston fav-
orably both in Europe and on this side
as an export grain market. We have
been foremost In the grain export bus
mess at Galveston when there was
anything doing, and have handled the
same successfully each time. We are
thoroughly conyerSant with the local
shipping trade and all the domestic and
foreign markets. so we are In position
to work the grain 10 best advantage in
which ever direction the most money
can be realized. We do not contem-
plate for moment 20 ship a bushel OF
grain to Galveston when we could do
better elsewhere, but naturally, would
give Galveston the preference at the
same price. One of our principal
stockholders is materially interested
in the Wharf Company which owns
and controls the million bushel elevator
and wharfs. And further, our Com
pany was Incorporated for the purpose
Of doing an exporting, importing, ware
housing and forwarding commission
business, and our main object in the
securing of an elevator ard establish
ing central grain market as
above, is to give US an assurance of the
control of a large freight tonnage
which will enable us 10 establish
regular steamship lines TO different
ports, loading both the vessel and rail-
road cars each way, giving US good
handling commission in both directions
on a minimum charge, as by being in
position TO work on q minimum, IL
would enable us to control a larger
volume of business In competition with
others and pay US nicely. Again,
the wharf and elevator earnings at
Galveston would be considered in our
commission charges, as, interests in
our company have interests In the
wharf company. Practically, we
would be the only intermediate expense
between the local shipper and the con-
sumner in the domestic and foreign mar
kets, which in itself, is of great advant-
age to the producer. If we would pay
interest on the bonds the producer
would pay for same. as we would have
to make our earnings to pay ii. If we
should build the elevator with our own
money, the elevator would be run as a
matter OF profit, independently of the
commission which OF course, might
make it very expensive for the pro-
ducer; and if some outside interest
should own and control the elevator, it
would stand as bar against the peo-
pie OF the West getting the benefit Of
their nearest tide-water outlet, 10 the
extent of the elevator charge making
the business by the nearest outlet more |
or less irregular, and through irregular
business making the ocean rates and |
charges proportionately high |
er. In making the bonds payable one |
tenth each year, IL will enable US to |
work on the very closest possible mar