Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-08-11
Public Opinion on Iowa Subjects
Reflected in the Iowa
Newspapers.
The News of Iowa From Hun.
dreds Of Different Towns
end Communities.
BUYS LAND BY TOWNSHIPS.
Britt Tribune.

BUYS LAND BY TOWNSHIPS.
lBrtt Tribune.
The fellows in this northern low,
! have a Way of doing business that
I sometimes staggers The big guns in the
/ city. When A. ID. Clarke OF Algona
Went TO Dakota to buy land he looked
over township or iwo and then went
| in and asked the agent of the railroad
company what he Wanted for ten Sec
lions. The agent looked Il little skep-
/ teal, but gave him 8. price. a. ID. then
asked MIN what he wanted for a town
ship. Again he put on a skeptical look
and gave n reduced price. Clarke then
asked the price for 10000 acres. when
the agent blandly asked, My dear sir
do YOU appreciate the magnitude of
this undertaking but Clarke bought
the lard. made his payments and has
rolled in a barrel OF money out of it.
The Thompson Brothers of Forest City
are also men who so into business on a
big scale They bought oil properties
in Texas when they first began to boom
and are now organizing transporta-
ton company, consisting of pipe line
from the we'll to the coast and a steam
ship line thence to New York city.
They will invest several hundred thou
sand dollars. Cap. Tyrell went down to
Texas with his eyes open and they talk
of him rs q millionaire two or three
times already and his projects are but
Just started. Cap. is 4 keen. sharp bus
mess man. with a reputation gained by
mate honesty and integrity that gives
him standing in the business world and
makes his thousands of Iowa friends
rejoice in his prosperity. Gardner
Cowles of Algona is another who is
forging TO the front as a successful
business man. He has hut recently
bought nearly all the banks in KOS
suth county and makes Il success OIL
every undertaking ne enters upon.
Northern Iowa men are getting there
with the best of them.
RURAL PHONES BROKE CORNER.
[Des Moines Capital
DO you know that the rural tele-
phones in Iowa broke up the big
Gates corner on corn in Chicago re-
cently?" asked Il southern Iowa grain |
dealer who was in the city recently.
This seems preposterous at first
glance. but it is true. nevertheless. and
recognized by the traders on change.
THE Gates corner on corn. which |
forced the price of corn up from 60 cents !
to Sc cents in less than month and
MAS then punctured by a drop of 10I
cents per bushel in che hour was the
greatest corn deal in the history of
speculation. Millions We're Won and
lost and the breaking of the corner was
as unexpected as the deal was gigan
tic. just when dollar corn was in sight
and the bulls We're insisting that the
bears furnish millions of bushels of APP
parently unpurchasahle corn, the mar
ket fell 10 cents and the corner was
smashed. The real reason for this
smash is just becoming apparent.
Rural phones have done the farm
ers and public lots OF good continued
they We're ever more efficient than in
the Gates corner.
How was it done? Well, it was
simple. 1t took corn 70 break that cor
her and force the price down and corn
vas secured from Iowa farmers. who
were reached by TIE rural phones
Communication was secured with al !
most every large corn producer in the
state by the rural phones and they
we're told the days condition of the
market and the days urgent demand
or corn. The corn was bought over ,
he phones and unloaded on the mar
let by the bears anc the price was I.
orced down. Had the spectators been {
compelled to wait until they could have :
cached the farmers by letter or per ,
onal representatives several days
would have elapsed and corn would
hey We're reached that very day by tel
phones from stations all over the
tate, the corn was bought and corn !.
rice dropped 10 cents. 1t was the tel !
phone that did the work.
This explanation OF the corn corner /.
mash is considered plausible by many |
II the leading grain men of this sec
ion of the country. Iowa is literally i
ridironad with the rural telephone u
ystem now and communication with e
he farmers from the various central u
tations is easy There are many 7
ounties in the state in which almost p
II the farm houses are on the tele- "
hone lines and they are thus brought lie
ato contact as We'll as if they lived
n the town or city. The are kept adj lp
ised of the condition and prices of the Il
larkets and the telephones have prov ;,
n of inestimable value to them in SELL i,
lg their crops at the topmost figure II
the market, taking advantage of its l,
est moments. -