The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1907-08-01

At the annual meeting of the Bank
ers' Association of North Dakota, held
in Grand Forks. report of a commit
tee, consisting of John L. Cashel. NJ.
F. Murphy, F. w. Cathro, George M.
Young and w. C. McFadden, in regard
to their investigation of the inspec.
ton and grading of grain at terminal
points recommended that financial as.
sistance be given the business men
Of Superior by the association in their
efforts to re.establish grain inspection.
1t was recommended that assistance
be given the American Society of
Equity or the Independent shippers
association, or both, or from a North
Dakota corporation to receive and
handle shipments Of grain from this
state at terminal poitns. Criticism
of the movement by Minneapolis pub
LEGATION was deplored. The associa-
ton voted to give the business men of
Superior financial assistance to the
extent Of 5000 to carry one the fight
for better terminal facilities and treat.
ment.
In his annual address President.
Sashel said in part:
AT our last convention the question
of marketing our grain was discussed
and: series of resolutions adopted
calling for the appointment of COM
mittee to investigate the conditions
upon which our grains are marketed
and report to the next legislature and
this association. The committee made
Its investigation and found abuses
detrimental in marketing our grains
under the Minnesota inspection law
and memorial was sent from our
legislature to the Minnesota legisla-
ture requesting that changes be made
in that law.
"That body positively refused to &C.
cede to our demands in any manner,
thus leaving matters as they were be.
fore, except that our grievances are
exposed, the people aroused and eff.
forts from various sources are gradu-
ally being concentrated towards rem
edying the abuses by procuring ter
minal facilities for handling our grain,
which, I believe, can be accomplished
by the cooperation of and contribu.
lions from the Independent elevators,
the members of the societies of Equity
and the bankers Of the state. A men,
Der of the Society of Equity should,
In my opinion, when Joining the or.
ganfzation, subscribe for $40 worth of
stock for every quarter section owned
by him for terminal facilities. which
would not be over one-third Of what
he would save in one crop of 1000
bushels of wheat over the present sys-
tenn.
II am in receipt Of communications
from parties at the head of the lakes
offering terminal elevators for sale.
II estimate that this state lost at
the terminals on the 1905 crops as fol-
lows: Wheat shipped, 6O,OOO,OOO BUSH
els. loss Q IL cents, $1,5O0,0OO; fax
shipped, 100000 bushels, loss S
cents, $650,OO0; barley shipped, 7,OOO,-
600 bushels, loss 3 cents. $4,000. To-
tai loss, $2,36O,OOO. Total shipped,
100000 bushels. Loss, per bushel
on 100000 bushels wheat, dockage,
$375,O00; loss on grain in transit by
defective cars, $65, 900. Total loss, ST.
100000.
"Our last legislature passed a law
creating board of three grain COM
missioners and made an appropriation
to defray its expenses, whose duty it
will be to investigate the conditions
in marketing our grain at terminal
points and to report It's findings to the
next legislature assembly.
There is no question but that Sc.
rfous abuses exist, entailing heavy
losses to our grain growers in grades,
doctoring, leakage. dockage, ETC.. az
gregating about 100000 annually.
The investigation and agitation so far
has accomplished some good by way
of better grades and lighter dockage.
I am in favor of continuing the good
work until the last grievances is
abated and justice done to our farm
ers. We ask nothing for ourselves.
and all that we can receive as bankers
will be the increase in deposits from
the savings and extra prices received
by our grain growers for their prod
ucts. But we will have the satisfac-
ton of knowing that through our ef-
forts justice was done to our people,"
The association adjourned Tuesday,
after electing the following officers:
President, c. E. Batcheller, Fingal;
vice president. c. J. Lord. Cando: sec.
rotary. w. c. McFadden, Fargo; treas.
urer, G. H. HOLSTER, Fargo.
The committee on resolutions urged
upon the United States government
the necessity Of taking steps to bring
about safe and conservative valua-
ton Of the assets of all corporations
offering stocks and bonds for sale. 1t
was recommended that the national
banking laws be changed so as to per-
init first mortgage loans on real es-
tate security. A national currency
based on assets was opposed, and an
elastic but safe currency favored. 1t
was recommended that the committee