The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1914-01-22
LEADERS
HELD MEETING
EQUITY COOPERATIVE Ex.
CHANGE MEN HELD MEETING
YESTERDAY IN ASSEMBLY
HALLS - FORMER CONGRESS-
MAN KELLY OF S. D., SPOKE.

Reviewing a year of struggle and
progress against the grain combine
and showing a magnificent amount of
business transacted during the past
six months the stockholders of the
Equity Cooperative exchange held its
annual meeting yesterday in Assembly
halls, listened to a number of splendid
addresses n at last nights session
concluded the days work by the cleo
ton Of directors to fill the vacancies
caused by expiration Of the terms Of
three members of the board.
The financial showing and the Won
derful growth of the business of this
independent grain exchange against
great odds was the cause of rejoicing
among the stockholders. Starting
three years ago with small capital and
facing the fact that every Independent
grain selling exchange heretofore
started by the farmers has met de-
feat at the hands of the grain combine
at Minneapolis, the fact that the
Equity COOPERATIVE exchange has
built up a business which will exceed
5000, 600 bushels Of grain handled in
the fiscal year Of the corporation, with
all debts paid n plenty of capital
n to continue growth. ..
The meeting of the stockholders
was called to order at 10 o'clock by
Pres. j.. M. Anderson. After. the usual
formalities of organization the presi-
dent introduced one of the old war
horses of the farmers movement in
South Dakota, John E. Kelley Of
Pierre who made a characteristic ad-
dress reviewing briefly the work
which has been don in the past and
paying especial attention to the tactics
of the chamber Of crowd in
their efforts to disrupt the South Da-
kota Association of Elevator Men.
President Anderson stated that it
was the intention to present the talent
which had been secured for the annual
meeting and next introduced a pro-
minent grain man of the Chicago
Board of Trades, S. H. Greeley who
made a short address and read a
carefully prepared paper in which was
outlined a programme for federal in
~Vestigation of and regulation of COM
merc1al exchanges, trading in futures
n grain gambling. Mr.. Greeley was
loudly ~applauded n his telling points
warmly appreciated.
j.. /. RosenWald of Madison, one of
the lighting Minnesota men who have
rendered valiant service in the strug-
gle against the railroads was the next
speaker and as he was to be one Of
the speakers at the Elevator Mems
convention Thursday made but a brief
talk, arousinG the audience to a high
pitch by his ~elOQuence. Before ad-
Journment for luncheon one Of the
men who nave rendered excellent
service in an official capacity to the
farmers Of the northwest, James
Herman, chairman Of the Wisconsin
Grain n Warehouse commission at
the thanks of the farmers.
| The afternoon meetino woo n Yo+-
able one; the large audience of the
morning was augmented by others
who crowded the hall to it's fullest
capacity and after short speeches by
Magnus johnson of Kimball, Mimi,
president of the Minnesota State
Union. Society Of Equity, ]. A. Nc
Govern of Madison, S. D., and others.
George S. LOTUS was called on and in
a Scath1ng speech ripped the mask
from the face of the interests who are
oeh1nd the fight to prevent the con-
duo or an Independent exchange at
the terminal market.
In his speech which was punctuated
by applause he told of the significant
events which proved a combination in
the Minneapolis terminal, one DAYS
experience when all the railroads re-
FUSED to move their cars, and all he
transfer ring elevators were strangely
HNA Gnu ulldDlS 10 transfer
for the exchange and only the timely
interference Of the interstate COM
merce commission saved the law,
made a powerful impression of his
hearers.
At the evening session Attorney
General Miller appeared before the
meeting and vas questioned as to
what course he would pursue in pro-
ceealng against violations of the
INSTRUMENTATION law of this state,
specific instances and conclusive proof
being furnished him. Considerable
dissatisfaction developed as to his at
tltude but before the conclusion of
his talk a better understanding was
evident. A number Of interesting
developments are expected to result
from the conference.
The election of directors for the
ensuing three yea period resulted in
the selection of John E. Kelley.
Flandreau, S. D.; o. H. Olson of New
Rockford. N. D. n Magnus johnson
Of Madison, MINI.