The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-01-18

~ Va StO JOItLl JuOSS
ment. industry. and honesty of the
community toward the material bet
terment Of the industry. 1t is possi-
BILE to secure more satisfactory means
OF exchange, better facilities for plac-
Ing the product on the market and
Tor securing a steady advance in COM
muntty conditions. Some day the
farmer will realize that in coopera-
ton ne has an immense power that
can bring him practically anything
he wants 1t will necessarily work
only when accompanied by common
sense judgment and industry. but
these coupled with the principle will
give to the rural community all the
advantages that go with the city and
many OF the things that the city can
rave.
So it is to he hoped thai the farm
er. realizing something of what can
be secured through. the means of COS
operation. will begin to study and
having studied, will begin to act with
MS nefghbOrs nj associates toward
the accomplishment Of community
purposes. =
Terminal Elevators.
This afternoon j. NJ. Anderson of
Fargo. president of the Equity Co
Operative Exchange. addressed the
convention on the subject OF The
Terminal Grain Markets."
MIR. Anderson depressed a little from
his subject in the beginning to give
a shor review Of what the Society of
Equity has done for the grain grow
ers of the northwest. He showed that
lhe society was a business organiza-
ton endeavoring to give the farmers
business training that was neces-
sary in their vocation of farming. He
showed. also. that the society was the
nrst to begin the dollar wheat cam
palgn which has done so much towards
the maintenance of good prices in
wheat. He showed how the organiza-
ton had maintained representatives
to work before legislative bodies in
behalf of legislation for farmers, and
that the initiative and referendum,
semi-annua payment oS taxes, unit
rule for corporations. state hail insur-
nee n terminal elevator laws pass
ed by the last state legislature were
the result largely of the work Of the
society. The following are extracts
OF MIR. Anderson's address:
state hall insurance is proving a
splendid success. In spite of the lack
or confidence manifest by the farmers
when the measure was first passed.
and throughout the summer months,
the state will this year be able to pay
seventy per cent of the total of all
policies issued. This makes state hail
insurance eigkty-two per cent better
n old line insurance. To illus
trate. Suppose you have SOS that you
want to invest in hail insurance. An
old line company will give you, for
that amount a $1,000 policy. The state
will give o a $4,000 policy. II case
of total loss the old line company will
return to you $1,000. S%ubtracting
therefrom the $65 which the policy
mas cost you, you will receive as a net
gain by virtue of having made the in
v.estment. $685.. On a policy issued
by the state o will. according to this
years settlement, receive in case of a
total loss. the sum of $3.50. Sub
tracing therefrom the SOS which the
insurance has cost YOU your net gain
will be $1,755. From the old line
company you received $685.. from the
state you received .s1.755. The cost
Of the insurance was the same. Is
there anyone now, who will say that
state insurance is too cheap, that it is
not worth the cost? 1t should be the
duty of every farmer to insure with
state. If this We're one the state
will next year be able to pay 100 cents
on the dollar and in addition thereto
will undoubtedly provide a sinking
fund to be used in the future. If the
Society. OF Equity had not done any,
thing but@boost state hail insurance
va 1AhSH.L III wOulu De
worth many times it's cost"
Best Advantages Sought.
"In order to market the grain to
the best advantage. farmers should
own n control the marketing ma
chincrv. They should have elevators
in local markets and also in the great
terminal markets. In this way they
will be able to retain control of the
grain While it passes from the farms
to the mills. You all know what
farmers elevators can do in the local
market. 1t is the farmers elevator
that has destroyed the tyranny of the
elevators have failed. Just as banks,
railroad companies and other COM
mercial and industrial institutions
have failed. The reason of the failure
or farmers elevator companies can
usually be attributed to lack of book
keeping. Realizing the necessity of
a form in this line u organization
has now provided a system of book
Keeping whereby the books of the diff
ferent corporations can be kept and
audited by expert accountants. This
makes the business absolutely safe,
both to the stockholders, grain deal
ers who have advanced money, and
also the bonding companies. This
system is working we'll wherever it has
ueeH
The great bulk IF the grain grown
IN Minnesota and the Dakotas is mar
keted at Duluth and Minneapolis,
Mimi, and Superior. Wis. These great
centers are what is known as the ter
minal markets. They are the all i'm
portant points in the grain business
because 1t is through them you come
IN contact with the home and foreign
buyers who. as far as the farmer is
concerned, are the ultimate consum-
ers. 1t is there that the grain is given
its final inspection, weight inc dock.
age. ]. Is there. too, that the price
TO the producers is settled on, and
Vet the m areAnOt at the present
time represented there. No one is
doing business in those places except
for private gain. It Is the purpose of
the Society of Equity to proceed to
those markets with. an organization of
Its own. 1t is our purpose to be rep
resented In this S~anbedrian of grain
dealers to see to it. that the farmers
are given the square deal. =
Many Gains Will Result.
There. are many advantages to be
minal markets. First of all. there is
the M cent per bushel which is
charged by commission men for a
keting grain. North Dakota alone
markets annually 1OO.0 900. 900 bushels
Of grain according to the latest reports
of the commissioner of agriculture OF
The state. At the rate of. one cent a
bushel our farmers pay annually ST..
100000 for the privilege of getting
their grain marketed. The farmers
from Minnesota and South Dakota
pay an equal amount. making about
$3,OO0.0OO for these three states. This
does not include the cost Of elevating,
but is simply the auctioneers' fees
which commission men charge for