The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1916-01-12
Bic CROP DOES IT
Bonded Warehouses Increase
More Than 50 Per Cent.
"
In Kansas IL New Ones Were
Bonded Last Year.
SAFETY FOR THE PRODUCER
State Holds Securities to the
Amount of 1000.
Available for Payment of Losses
When Assets Fail.

Public warehouses in Kansas in
creased more than fifty per cent last
year, according to announcement
made today by w. +. Benson. state
bank commissioner, and J. I. Botl1in,
secretary of state Seventeen public
warehouses were organized and bond
ed last year under the Kansas ware
house act. Until last year there were
buc 81 public bonded warehouses in
Kansas.
Bumper wheat crops during the last
three years have created big de
mand for warehouses in Kansas and
owners of these houses have earned
fat dividends from the storage of
grain. Under the act creating public
warehouses, bonds are filed with the
state and protection is afforded ware
house patrons in the amount of the
bonds Usually the bonds cover the
normal storage capacity of the plant
and afford adequate protection for its
patrons.
The seventeen new warehouses
chartered during 1915 were bonded
for a total of S212,OO0. These ware
houses have a storage capacity OF sew
eral hundred thousand bushels OF
grain and during the uncertain season
in the grain market, succeeded IN
Keeping the elevators filled with Kan
sas wheat. Grain is placed in the
elevators at a nominal rental price
and is held for future market delivery.
In event of loss, the owner OF the
grain is protected through the bonds
ON file with the state.
Business Is Good.
Bonded warehouses in Kansas
have been doing good business dur
ing the last few years." said w f.
Benson, state bank commissioner,
"and their growth has been phenome-
nal. Most of these warehouses nave
been filled with Kansas grain and the
owners of these elevators have en-
countered but little trouble in renting
their entire storage capacity TO pro-
ducers who desired to store their gram
in anticipation of an increase in the
market price"
With prospects for another big
wheat crop, it is probable that the
number of new warehouses Will TINS
year show another big jump: Inc
bonded warehouses are independent OF
the cooperative elevator and grain
companies which have organized in
almost every section of the wheat pro-
ducing counties of Kansas. These
elevators handle the grain of the far
mers interested in their construction
and the expense and profits from the
operation of the plant is pro-rated
among the owners.
state Holds S757,OOO
The bonded warehouses in the state
have deposits with the state amount
+ ing to $4,000. These deposits are
in the form of municipal, district OF
government bonds. These are held by
the state treasurer and made available
only in event the assets of the ware
house company are not sufficient to
meet losses. Then, on an order APP
proved by the secretary of state, the
grain producers may realize from the
+ deposits.
New warehouse companies in Kan
sas and bonds deposited with the
state during the last year were:
Garden City Public Warehouse.
Garden city. $4,000; Wilson Elevator
Co., Coffeyville, $1,000; Blair Elevator
4 Co, Atchison, $4,000; Aetna Mills
! Co, Wellington. 10000; Hunter Mill
ing Co. wellington, $4,000; Larabee
Flour Mills Co. Hutchinson, $4,000;
Stevens-Scott Grain Co, Wichita, SO
900; John /. Glover, Rosedale, $10,-
600; Pratt Equity Exchange, Pratt,
$40, 900; Lonsdale Grain Co, Kansas
City, Kan, 10000: Brodnax & Nc
Liney, Rosedale, $4,000; Nicola Elev-
ator Co, Argentine, $4,000; W. P.
Bowen. Independence, $4,000; G.. A.
Eorsee, Falum, $4,000; Peterson Grain
Co., Penokee, $4,000; J. J. Conner
Willis. $1,000; J. Rosenbaum, Ar
rnOurda1a $40 000