The Kalispell bee. [volume] (Kalispell, Mont.) 1900-192?, 1902-02-08
THE FARMERS
IN SESSION
Committee Makes Report and
Outlines Plans.
WILL BUILD A MILL
From Its Investigations the Committee
Decides to Erect FIGURING Plant.
Outlook is Bright.
WILL BUILD A MILL

day brought out a large audience,
every seat in the court room being
occupied The committee appointed
at the last meeting presented the fol-
lowing report, which was read and
is being discussed as we go to press.
''To the Farmers of Flathead
County-We, your committee ap-
pointed to formulate plan of action
to relieve the farmers of the county
from the unjust and Improbable con-
ditions existing in the grain market
of the valley, beg leave to submit the
following report:
Owing to the fact that practically
the entire milling business of the
county is in the hands of one corpora
ton, and as that corporation claims
to be at present paying as much for
wheat as the market conditions will
afford, we recommend that the farm
ers of the county perfect an organi-
cation for the purpose of constructing
a mill and elevator, the same to be
located at Kalispell.
"The number of farmers engaged
in graingrowing in the county is ap-
these will subscribe to the new enter
prise, sufficient capital can be raised
without any difficulty, 500 farmers
subscribing an average amount of
$100 each would provide $780,
900, which woulu be more than ample
for all purposes.
THE estimates which are herewith
submitted are based upon a mill with
100 barrels capacity per day, and an
elevator of 100000 bushels capacity.
The size of either can be increased
should such increase be justified by
the amount of subscriptions received.
Such mill will grind approximately
100000 bushels of wheat per year,
and the mill will cost about $4,000;
the elevator will cost about $10,400
Besides the cost of constructing the
mill and elevator, sufficient capital
at least 60 days, which would be
about $4,000. The entire capital
needed outside of the cost of the
grain would be as follows:
Cost of mill. 80. $12,3 300
Cost of elevator. 49,. .... 10,400
Cost of operating. :. 500. 1000
IOCal.. .... $40 ,7OO
Stockholders furnishing grain could
pc given a warehouse or millers re-
ceipt, which could be used as collat-
eral by those who needed the money
or the stockholders could be assessed
to raise money for the purchase of
grain, which would amount to the
stockholders furnishing the money to
buy their own grain.
I'VE recommend that a stock com
pany be formed with capital stock
with the capacity named, if the capa
city is increased the capital stock
should be correspondence increased
subscriptions should be taken in
amounts OF from $25 to $1,000, and
each farmer should be asked to sub
of grain which he expects to raise;
that is, the mill should be built tc
handle the grain produced by its
stockholders and no more. Each
stakeholder should be allowed to fur
nish grain in proportion to the
amount of stock he holds, and nc
grain should be purchased from any
person not stakeholder unless the
stockholders are unable to furnish
sufficient grain to keep the mill run
ming, in which event grain should be
bought in the open market.
No dividends should ever be paiC
upon the stock, but the profits of the
business, after paying the actual cos
OF manufacturing and selling SHOULD
I be divided among the stakeholder!
who shall have furnished the grain
and such division of profits should b.
made in proportion to the value O
' grain furnished by each stakeholder
Oats should be handled and &C
:. counts kept separate from those o
wheat, and the net receipts for oatl
should be divided among those stock
holders who shall have furnished tn,
oats.
I'VE recommend that a committe,
of nine be appointed by this meetin,
to incorporate such company and t.
solicit subscriptions to the stock O
, the same, the members of the com
mittee to act as directors of the com
= pany for the first three months.
we also recommend that not NOR
, that one-fifth of any subscription b.
required to be paid down, and no
= more than one-fifth in any one montl
thereafter. The first installments OF
, subscriptions should not be payabl
until sufficient capital has been sub
scribed to assure the success of tn
enterprise.
From the best figures obtainabl
9 the amount which each farmer will
be required to subscribe in order I,
have his grain milled and markete,