Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1898-08-24
great speculator, did with the price of

great speculator, did with the price of
wheat from the time he commenced,
April 2nd, 1897, until. he suspended
his gambling, June ID, 1898, his two
partners in the Northwest being Chas.
"A. Pillsbury, controlling 200 elevat-
ors, or more, and the milling bust
ness, and Mr.. Peavey, controlling 600
elevators. After Peavey had un-
Loaded his stock of wheat and Pills.
bury his stock of inferior mill ing
wheat, the millers needing all the
wheat left in the country for milling
purposes, Mr.. Letter was forced to
stop. so as to keep all the wheat in the
Northwest for the mills. The banks
having advanced 80 cents bushel or
less on Letter wheat. Mr.. Armour, the
bear, is sait to have purchased the
Letter wheat in Minneapolis and Du-
luth elevators and held it for the mills
at ~ cents bushel during the month
OF July, 1898, and said wheat being
called No. l northern, but we expect
that the bulk of said wheat was the re-
jected and No. 3, bought so cheaply
below No. of last seasons crop.
You notice how the wheat prices
dropped on August l, when there was
barely two weeks supply of wheat in
the Northwest, as milling and export
was conducted at that time, or about
5000, 900 bushels of old wheat-the
new wheat hardly moving before the
middle of August. The wheat crop of
1897 OF the Northwest being so small,
it was not enough for the demand, and
the Minneapolis mills had to import
60 cars a day of Kansas wheat-as
long as Kansas wheat lasted-to make
MlnnesOt flour of. Now No. north
ern wheat was sold to arrive the first
week in August for 76 cents a bushel,
Indicating drop of % cents a bushel
a very short time before the new wheat
is ready to ship. Now, brother farm
ers, this is the reason the Farmers
Alliance and Industrial Union pro-
poses to counteract' this gambling
business by establishing a samples
exhibit close to the Chamber of Com
MERGE, Minneapolis, MIMI, where all
purchasers may inspect our samples
and buy our products to be shipped
to any part of the globe, subject to
the order of all purchasers We
therefore invite all farmers of Mime
sofa to join our Farmers Alliance
and Industrial Union, by paying an
entrance fee of one dollar, for which
receipts will be given by our organ
lZers and your names be recorded at
headquarters. We propose at our
next session of the legislature, to push
a measure to enlarge the Irvine plant
the Irvine to be sold by duly appointed
agents at railroads stations for a
stated sum to the farmer, thereby
making it impossible for like steal
to ever again be perpetrated upon the
farmers of Minnesota, as was done
this year. All moneys collected will
be accounted for at our next annual
meeting, and when there are enough
members at one place who want to Or
ganize local alliance, each member
Will get credit for money paid to ap-
ply to local alliance, subject to all
laws now in force or that may be in
force in the future
Respectfully submitted,
S. II. Hopkins Vice Pres, 3rd District
Approved. ............... President
Approved-J. G. Hanley. Secretary
Approved-E.O Olson Lec't& V. P. I'd D.
Approved. Treasurer
Approved. %. Vice Pres. 1st Dist
Approved-J. B. Dukes ......
Observation-Disclosures Vice. Pres 4th Dist
Approved. ....... Vice Pres. 5th Dist.
Approved. ..... Vice Pres. 9th Dist.
Approved-M. E. Johnson. ........
Vice Pres. 7th Dist.