Omaha daily bee., 1902-05-01
GRAIN DEALERS In SESSION
Discuss Feasibility Of Organizing Mutual
Fire Insurance Company.
SUGGESTS CHANGES IN WAREHOUSE LAW
object IL to Give Banks Better secur-
ity and Lower Rates on Loans
Monthly Reports on
Grain Stocks.

The Nebraska Grain Dealers association,
with IT'S members present, began its an
nual meeting at the Willard hotel yesterday
morning, with George S. Hayes OF Hastings
presiding and Secretary A.. II. Bewsher Of
Omaha taking notes.
The question OF organizing a mutual in
surance company was one of the most i'm
portant matters discussed. Owing to the
high rate charged by the old line COM
panies the grain dealers believe they can
conduct their own insurance business Just
as we'll and more economically. II Is ex-
pected that either a mutual company will
be organized or one OF the old mutuals will
be chosen to transact all insurance bust
ness of the association.
Consider Warehouse Law.
The present warehouse law came in for a
great deal of discussion and a committee
was appointed to see II some change can
not be made in the law. AS 1t is, some
Of the members say, the banks are given
very poor security for money loaned grain
men, and consequently charge a very high
rate OF interest. 1t is the intention of the
association to bring such pressure to bear
that the law will be changed in such a way
that the banks will be given better security
and will therefore loan money at a lower
rate. Mr.. McGrew of the Omaha National
bank was present and addressed the meet
ing on this question.
The question Of an excursion to be taken
at the next meeting was referred to a COM
mittee.
Reports on Grain Stocks.
A suggestion, which met with popular
favor, was made to have the association
make monthly reports OF the stocks OF grain
held by country dealers.
The afternoon session was devoted to the
election Of officers and appointment OF
committees and a general discussion of
routine business, following an address by
D. Hunter OF Humboldt. Ia. president of
the Southwest Iowa Grain Dealers union,
on association matters.
The election OF officers for the ensuing
year resulted as follows: George A. Hayes.
Hastings. president; e. c.. Jones. Nebraska
City, vice president; A. H. Bewsher,
Omaha. secretary and treasurer. President
Hayes appointed the following committees
Warehouse Lave. W. Mcconoughy,
Holdrege; F. d.. lowering, Lincoln; A. H.
Bewsher, Omaha.
insurance. A. Cooper. Humboldt; G..
A. Hayes, Hastings; A. H. Bewsher,
Omaha.
Governing Committee w. Holmquist,
Oakland; W. E. Kinsella, Omaha; T.. d.
Worrall. Lincoln. This committee will
select the place OF the next meeting. The
committees on warehouse law and insur-
ance will report to the members individ-
ually.
Resolutions on Mr.. Morton.
The following resolutions Of respect for
]. Sterling Morton were adopted;
urkn-.. q AEzrto, 49, a l,,- .,a
active life devoted 10 the advancement Of
his chosen state, and largely along the line
OF cereal and grain interests. the period
of his life being concurrent with the max
ing of our states history, has been called
TO his Maker I'm the zenith of his useful
Resolved. That In his death the state
and nation has lost one of their foremost
and most useful citizens. Be IL further
Resolved, That we express our grief and
sorrow at his death and tender our heart
felt sympathy to the members of his fam
lily In their bereavement.
The resolutions we're signed by Frank
Fowler. Fremont; A. T.. Brener. Mime
spolls. P. 5. Peacock. Falls City.
From the general expression of the mem
bers on the prospects for a crop It was
found to be the prevailing opinion that
owing TO the scarcity OF rainfall the yield
OF wheat would be lighter than in former
years, though the increase acreage sown
would make the crop the largest for years.
The meeting adjourned in time for most
OF the members 10 catch the afternoon
trains for their homes.