Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-12-02

doing business and at the same time at
tempt to conceal. either on account Of
wilfulness or because the contracts would
not stand the light of day. A further
continuation of yourself with this depart
ment would open my administration to
| have therefore decided to consider your
connection with this department closed.
| Yours truly,
| (Signed) W. T. Guptill.
The Contracts
The contracts proved to be very or
binary business papers which would
interest only members of the executive
board of the Farmers Union They
were SO much alike that the Journal
can give space to the publication of
only one and few readers will care to
follow this one through to the end. III
addition to the famous fertilizer con-
tracts, the Austin & Haines contract
was given out for publication, though
this was published in the 1911 report
of the Bureau of Marketing and Sup
plies. One of the fertilizer contracts
read as follows:
| Sold, Messrs. Farmers Union of Maine
their requirement. estimated at about
sseccce tons Complete fertilizers. the ammo
| MIA to be derived from fish. nitrate of
soda and sulphate of ammonia. The
| prices are all F. o. B. Baltimore, and
| the prices set forth herewith are the net
prices which we are to receive for goods.
| loaded in 167-pound bags, F. o. 3. cars.
Baltimore, Maryland.
| 4-Si $3.50 per ton; 4-S-3 500 per ton:
5-S-3 $3.50 per ton; Ssh $685. per ton:
| A II
4-6-1o $3.50 per ton.
All goods shipped in smaller sized bags
than 167 pounds, down to 100 pounds 80
cents additional to be charged by seller
and paid by buyer.
Terms-Sight draft against bill of lad
ing. subject to inspection on arrival. 1t
is understood that for any time business
you get, same will be subject to your
approval or rejection and any of this
tire business will become due Septem-
Der l. 1915. We are to receive the notes
of the buyers in exchange for the goods
| at $500 per ton in advance for the accom-
mediation. Said notes will be on our
regular form, and to be without interest,
! due Sept. l, 1915. Any payment made on
| notes up to September l, 1915, the proper
| tionate discount will be allowed so as to
| divide the time. making the buyer pay at
! the rate of SEQ from April ! to Deem
| Der l. 1t is also understood that on time
| sales, commissions will be paid when the
| note is paid and that should there be any
| loss on any of these note sales the Farm
| ers' Club will lost their commission to
! the extent of that one sale.
| The goods are to be put in bags labelled
| Farmers Union Fish, Bone and Potash
| Mixtures.
! 1t is also understood that we will take
| care of your barrel trade. charging YOU
| the exact difference over and above the
price of bags for the price Of barrels.
This contract is subject to the usual
conditions beyond the control of the buy
er or seller.
Accepted:
FARMERS UNION OF MAINE
BY c. E. Embree, Manager
A. NJ. Embree.
Witness:
c. H. Robertson.
Accepted:
STANDARD GUANO COMPANY
STANDARD W H OLE AL PHOS-
PLATE co.
BY George A. Whiting, President
The Austin & Haines contract was
made when the Farmers Union de-
cided to carry on grain business.
Waterville appeared to be the most
central point and the mills of the firm
of Austin & Haines the most desirable.
Austin & Haines finally agreed to re-
organize under the name of the Farm
ers' Union Grain & Supply Co. and
increase the capital stock from s1O.-
10000 to s2o,0oO.0o, the total capitali-
cation to be paid in by Austin &
Haines. A side contract was then made
with the said Austin & Haines where
by they are to sell to the Farmers
Union, or its constituent members, as
they may desire, said stock of said
grain company SO held by them, at
par, until the amount Of stock SO sold
by both Of them shall equal 40 per
cent. of the total amount Of the stock
Of said Farmers Union Grand &. Sup
ply Co. issued and outstanding. Then
they agreed to turn over the whole
remaining 81 per cent. in block, to
said Union or any Of it's constituent
members at par as aforesaid, If said
members or the Union so desire to
purchase. The said Austin & Haines
further agree to sell to the new cor
poration it's real estate in Waterville
for thirteen thousand eight hundred
dollars ($13,800.00.)
This property consists Of two large
buildings fully equipped for doing a |
grain business and quite a large tract
Of land. on which 1t L. proposed to
build a storage house for potatoes and
other products. and also open a coal
and wood yard. Since the reorganiza-
ton, business has increased rapidly |
and it is estimated that the first year
will show a gross business of more
than $1O0,000.00.
A Serious Action
Beyond this no account was taken
of the fact that the Farmers Union