The Marshall republican., 1912-02-02
Farmers New Commission
Company

ami Galloway counties, began a
move that threatens to become
nation wide. Representatives
from the different counties met at
Centralia, Saturday, Jan, goth to
discuss the recently increased live
stock commissions on the sale of
cattle. hogs and sheep at the Ma
tiondl Stock Yards, East st. Louis,
Ill.,. In the face of innumerable
protests AMI resolutions of the
Corn Belt, the Live Stock Exchang
saw iii to raise the commissions
the members receive from 20 to
IS per cent. II appears that the
members seem to think that the
producers of live stock have no
voice in the matter AMI can be
easily persuaded to pay the in
creased commissions. The mem
bers to go upon the theory
that the true price is all that the
tariff will bear. Individually the
s',iipcrs AMI feeders who ship to
the Sdt.ondi Yarls are helpless.
In order to have a working organi-
ton, shipper AMI feeders of the
different counties organized a
Misso ri Live Stock Association
and took steps to organize n coop
crative commission company. A
committee Of one man for each
county represented At the meeting.
was selected to draft rules. regula
tons and bylaws for the Assoei-
alton and to formulate a working
plan for the commission company.
The committee are II ID. Wilcox of
Randolph, Henry Cant OF Audrain,
John +. Humans OF Monroe, W. ID.
Harrington OF Charlton, II. G. Now
meier OF Macon, -. O. Henslcy OF
Montgomery, Jas II. Starr OF Boone
s. p. Houston. Of Saline; w. p.
Hawkins OF Pike, q. q. Terry of
Galloway, J. r. Brown at large and
j.. ID. Taylor, counsel.
The committee has arranged to
meet at Moberly, Feb. 10 1872, to
draft tho rules, regulations ana
the plan Of the company. The
general plan OF the commission
company Is to be an incorporate I
company with an ample capital TO
10 a general commission business.
Tho stock will be In small quanti-
ties AM there will be no difficulty
In getting a thousand share
ho,jers. No n will be able to
own an excessive amount OF stock
an each man will have a voice
IN the company. The company
will buy the necessary exchlng
seats ami become a regu-
lar commission firm. Il must do so
L. bc , member OF the exchange
tut .nNte'J OF putting the profits
into the pockets OF 4 few men ami
~agitating for more profit, the mon
ey left after the expenses, such
as office rent, salaries, etc, are
taken will be subjected to a fixed
charge OF $500 n car for each car
handled during thu year. Eich
shipper will receive $500 for
each a he shipped during the
year, whether one car or a hun
tred. The balance OF the money
cleared after the fixed charges are
deducted will be divided as a di-
vidend among the shareholders.
The shareholders viii have n
good thing even after the fixed
charges are deducted. There hap
pens to be a small commission firm
operating In Omaha, which Is run
somewhat after the manner of the
proposed company. To the writ
er's certain knowledge, that Oma-
ha firm declared 100 per cent di-
vidend last year and in addition,
during the last IS months, the
firm has made a surplus of 60 per
cent. There Is a firm now oper-
ating at the National Yards, viii, h
was organized In Central Illinois.
II is purely a organization OF
farmers and it is making a big
success. There is no question of
the success OF the proposed COM
Pany, il is a question of limiting
the number of men who will ship
to the company.
The management of the COM
pany will be in the hanis OF a
board OF directors. A competent
man can be secured to manage the
company and good statesmen can
be secured. Where did the sales
men who are now in the yards
come from? From the farm. With
the Patronage OF a thousand Mis-
souri, shippers the company will
be IA full grown one the first day
Ii opens for business. Every shin