The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-04-21

also the commission on trades where the
order came from.
Twenty-third-A good and sufficient
bond shall be given by the local agent in
the sum Of $1,000; by the county superin-
tendent in the sum of s. GO, and by the
state superintendent in the sum C. 5000,
to the company for the faithful perform
ance OF the duties required Of them by
the company, and the collection and
prompt remittance of all moneys belong
ing TO the company.
Twenty-fourth-An agent to be appoint
ed at each of the general markets 10
handle all business at that market, de-
Quoting commissions specified IL the sew
eral sections. retaining % per cent of
/ same and renting balance to the com
I pany. together with a statement OF ac-
count. specifying each item upon which
/ commissions are charged, as often as
once each week.
Twenty-ffth-In case the agents ap-
I pointed at the general markets handle
! the business on their own money, then
/ they shall not be required TO give 0ond;
! otherwise a good and sufficient bond shall
I be required satisfactory to the company.
/ Twenty-sixth-An agents, supenntend-
! ents and employees of the company to hold
/ their positions until their successors are
/ appointed and qualified, when the new
! appOintee shall nave peaceable possession
I Of all the property formerly under the
] control of his predecessor.
Twenty-seventh-A stationery. blanks
I for reports. scale books warehouse rec
ords. warehouse receipts, records and all
books and blanks used in the several Of
/ fees shall be furnished by the company.
The above articles are made as guide
and are subject to any changes subscrib-
ers may desire.
1t is now a well established fact that
large combinations are successful in
many things where small companies fail;
very few things that the consumer buys
but pay a tribute 10 some combination
The above plan win make it possible to
hold the surplus grain at the local sta
tons until such a time as the seller can
name his price. If in reason. and have an
assurance that it viii be accepted.
Last year with the short crop in the
northwest, the market was in good con-
dition to realize a good price for wheat
at threshing time. but SOW VIII il be this
vear2 We now have a large surplus OF
wheat 10 get out of the way efore the
new crop can be moved. With the un-
precedented crop of winter wheat as indi-
Gated today If the spring section should
come out with a reasonably good crop,
what would be the price of wheat in this
section of the country during threshing
time? Any one who has studied the sit
uation cannot expect the price much in
excess Of cents per busel to the farmer
for the best wheat.
The company would, Of course. have to
be so large and so strong that its credit
could not be questioned. It's strength
must be such that IT'S warehouse receipts
shall be as good as a certified check
issued by the bank. The bank issues a
certified check when It has the money on
deposit, and the grain company should
surround its warehouse receipts with such
securities and guarantees that they
would indicate and represent -e exact
number of bushels Of grain in storage, ]
subject TO the order Of the holder Of such
receipt. With such protection parties in
terested in grain who buy for an advance
could DO so without the trouble and ex-
peuse of building storage room for eacn
special deal. There are hundreds of peo-
pie in the large towns who would buy
wheat the same as real estate or anything
else If they weres ure they could set the
grain when wanted. This would give the
farmers a large number Of buyers in COM
petition with the local dealers when they
were ready 20 put their wheat on the
market.
AS an investment # should he first class,
from the fact that there would be TO rum
ming expense attached TO the BUSINESS. and
that So per cent Of the income from stor-
ace charges would be subject To the rules
governing dividends Hence II the bins
can be kept fun half az the year, il would
make the investment as an interest payer
Gf only treated as an investmenU Tor
better than the legal rates. "a the farm
er by taking one STARE OF stock, Tor
which he pays $40. is enabled 70 hold LOB
bushels OF wheat from the Congested mar
ket. we are likely 10 have in September
and October until May or June Of next
wear. who can tell what his margin II
profit would be on even that small In
vcstmcnt2 Who can estimate lie profit
70 the business man In increased trade
hv reason OF the farmers ing enabled TO
hold their wheat for better priCes2 II
would certainly pay business man 70
take Some stock and thereby help 20 se-
cure bin rooms AZ his station avery man
IN the southwest would be benefited II
by q concerted action and a small invest
nent we can take few thoHsand bushels
OF wheat OF the market In Scureuber
and October. when K is being forced 70
lower prices every day. ana carry il over
until such time as il IS wanted at rea-
sanahle prices
aIr. e. r. Naler az this city he's prom (
ised u act as treasurer az the company /
His financial standing T. a guarantee that s
the funds ot the company VIA he used
and raid out as directed Mr. Thornton Z
vs.. Sargent VIII act IS attorney - see
thst the charter constitution and cy-
laws are in proper form and az contracts. I
bonds and leases are properly drawn 70
n-orect the interests o. the company. 1
Other gentlemen Of wide experience il Tire 4
raising. storing and haudlilg ~ a'l kinds
OF erain for shipment 20 market are inter- /
estef En- Che 1rgalig1tiou and vsia push
irs interests IL the hest ol their ability.
both before and after IS o-ea7izarion-
With this explanation I s2a-uit THIS
proposition 70 the people u kansas and
okiatcrua who may desire q interest
themselves IN the formation ~ sach
company For SUBSCRIPTION blanks with
SIS = errl-~- f-
nation With reference o. the orEz rizattoa s
~ the COMPANY address me az iEickltas !
Kan. Respectfully. A. s Pierce
The funeral 81 Miss Grace Johnson Nev- /
irs VIII take rlace from the family resz- 4
dencs corner ~ Hydraulic and Doaesas 4
avenues N 1-s1 O'Clock today The burial 4
All &c ~ Laule Grove cemetsrr- 1