The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-04-21
PIERCE HAS A PLAN
Urges Cooperation Between
Grain Producers
FOR HANDLING CROPS
And Getting Them TO Market
When Desired.
HANDLING CROPS


Mr.. A S. Pierce OF this city has formu-
lated a plan for the handling of the grain
supply of the wheat belt, by its produc-
ers, instead Of by non-producing speculat-
ors, that has considerable merit to it as a
practical and profitable proposition. It is
given in the following circular:
To the Farmers and Business Men OF the
Southwest.
The very life and vitality OF the south
west is our cereal products. corn, wheat
and oats. It follows, then. that anything
we can do that wiz enable US 20 get bet
ter values for our products VIII be great
benefit which VIII be shared by the whole
community, farmers and merchants alike
The question is what can We do to that
end, and 2 step in the right direction is TO
eliminate so far as possible the obstacles
IN the way Of securing higher prices. The
greatest obstacle we have 10 contend with
is the lack Of proper facilities for the
handing Of grain. Last year the prices
were satisfactory and farmers wanted to
move their grain, but were unable 70 do
sc because cars could not be secured in
which tc ship, and every available bin
was full. The railroads did all in their
power to relieve the situation but their
equipment was absolutely inadequate to
meet the demand.
Now, what is the remedy for Lnis evil2
Men who have had years experience in
the handling of grain in ali It's phases
have formulated the following plan which
IN their judgment VIII relieve the situa-
ton:
A farmers cooperative grain company
should be organized whose object should
De for the purpose Of facilitating the stor-
ing and marketing Of grain raised by e
members of said company, the company
70 be created under the following rules:
First-The stock of the company shall
be so. per share and worcestershire
Second-The capital Of the company is
10 be used in the construction Of storage
bins at local stations with capacity OF
"a. 900 bushels or more. Of grain, where
desired by ten or more subscribers.
Third-The number Of storage bins built
Is not TO exceed IN cost the capital stock
subscribed.
Fourth-WarehOuse receipts to be issued
by the company for the grain as delivered
In store. are TO be transferable and the
holder allowed to take his grain after
surrendering the warehouse receipt and
paying storage charges on same.
Fifth-A charge Of One-fourth Of a cent
per bushel per month, or fraction of a
month. shall be charged for the storing Of
grain such charges TO be paid on surren-
der OF the warehouse receipt. An addi-
tional charge of one-half cent per bushel
* holder requests the grain delivered on
board cars TO cover tAe additional ex-
Dense and not to be accounted for in the
lcompany's business.
SiKth-A local agent who shall weigh
and Inspect all grain shall appointed
at each local station where storage bins
are built, whose weights and grades are
10 h al 2 in
unioaded into, and loaded out o., the IN
corresponding 10 the grade of the grain.
Seventh-The fees TO the agent for in
ypecting and weighing the grain shall be
paid by the owner Of the grain at 5 cents
for INSPECTING and cents for weighing
each wagon load.
Eighth-The warehouse receiptG shall be
issued by the company upon the certih-
cate Of inspection ana weights of tie local
agent in the name of the owner OIL the
grain, who delivered the same for stor-
age.
Niuth-The establishing of agents at the
principal markets TO receive and sell any
grain consigned by any member to be
sold for the shippers account.
Tcnth-The cOEmOssiOn charges for the
sale of grain shall be as follows Wheat
and rye one cent per bushel; corn and
oats. one-half cent per bushei; consign-
ments of other products 70 be the usual
commissions charged
Eleventh--Sales or purchases made for
future delivery Of grain. @ charge of one
eighth cent per bushei shall be made for
such service. together with 10 per cent Of
the profits made in the transaction.
Twelfth Is expected that the commits
sion charges noted in sections 10 and II
and the share Of the profits on ---e sales
and purchases OF grain for future deliv
cry shall pay all expenses OF the com
pany.
Thirteenth-The officers of the company
shall consist of nine directors, to be elect
cd at the annual meeting. the second
IN January, eacA share being en-
titled - one vote. and 4ae nine receiving
the greatest number OF votes 10 be de-
q AIRED elected.
FOurteenth-The board Of directors shall
elect the executive officers OF the com
pany. consisting of g. president one vice
president, q secretary and treasurer.
Fifteenth-The president, secretary and
treasurer 20 be the only officers Of the
company 10 receive @ salary.
Sixteenth-It is expressly agreed and
that the company has no
claim upon the grain raised by the mem
bers of the company, and II handled by
tle company fn the storage or shipment
and sale shall be expressly for the ac-
count of the owner al the rate of charges
specified above.
Seveuteenth-A county superintendent.
10 be appointed. 70 have The immediate
supervision Of the local agents in his
county, together with such outside sta
ti5ns as the company may direct: to nave
charge .of the warehouse receipts. issuing
same on the certificate Of the local agent !
and keeping a record of the grain In store /
when taken into store and when loaded
out. reporting the records Of his Office as
the company may rect.
Eighteenth-A state superintendent. to /
be aupointed. who shall have the gen /
eral msnagement OF the business in the /
state, receiring the reports of the county /
superintende condensing their reports /
s nd reporting the totals of sn the BUSH /
ness done in tne state. 10 the company as /
often as requested
Ninetecnth- The local agent, besides the I
fees for weig-ng and Inspecting, shall
receive from the company 10 per cent of 4
the income of the company from what
eEer source nj his station.
Twenueth-The county superintendent !
10 receive Ter cent on All ,-le income re-
celved hy tire company iu his territory.
IwenIy -irst-l be state superintendent !
to receive - per cent on all the income /
received by the company in the state.
Twenty -secoud-The income from the /
sale Of srain shall be- considered to ho-
long to the station where 81 originate6. ]
DERIVATION OF GRAPE-NUTS
/ Contains Neither Grapes Nor Nuts.