Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1916-04-14
'HELLSTR0M STARTS
HIS Campaign
Non Partisan Leader Features
Him in Article Containing
His Political Principles.

for F. O. Hellstrom, democratic can
didate for United States senator. The
Non-Partisan leader recently printed
this article from his pen setting forth
his platform. The article follows:
The marketing Of nOnpcrislab!e
farm products is question Of ali i'm
pOrtance 20 the farmer, in fact it
touches the consumer as Well as the
producer.
Under present conditions the
wheat grower is compelled to rush
his product onto the market and sell
it regardless of the price.
"Ihe professional Spectator know
ing this condition gathers in the grain
and as soon as The farmer has sold
his holdings and the bulk of the grain
is out of his hands, prices are forced
up.
"The producer under this system
gets only the minimum price and the
consumer pays the maximum price.
what is true Of wheat is true Of
cotton, which are the two great
staples, wheat in the north and cotton
in the south. What is true Of wheat
and cotton is true OF corn, hogs and
cattle.
Other Countries Advance.
an other countries the government
has taken steps 20 protect the pro-
Queer and consumer. In Canada the
government has loaned it's credit to
finance system OF warehouses for
storing the grain.
"ln New Zealand the government
has taken over the business Of the
public warehouses, and also the fin.
ancing necessary to aid in storing
and moving the products of the soil.
"ln the Province Of Yucatan, Mex,
the government has provided public
warehouses where the planter can
twine and rope is made) and obtain
loan from the government secured
by the warehouse receipt.
But in the United States the pro
Queer must rely on private ware
houses to store his product, and the
banker to finance the movement of
the crops which place him beneath
| the upper and neither millstones, in
terest and storage, sort Of heads
win and tails you lose game OF chance.
Both the public warehouse man and
the banker have been protected under
the laws of the land.
Helps Bankers, Not Farmers.
"The government has provided the
regional reserve bank for storage and
safe keeping Of the commercial paper
of the bank. The government has
lent to the regional reserve bank its
credit by authorizing the issue of
government notes that may be loaned
to the banker at a low rate Of inter
est up on the security Of commercial
paper endorsed for discount.
''This system has been pronounced
the best currency and banking system
ever devised.
"Why not apply this system to the
storage and marketing Of grain? Lei
there be established at suitable ter
minal points a terminal warehouse
association Of producers of farm pro
ducts, for the storing and selling o
their product. Let the government
guarantee their bonds and take ;
first mortgage lien on the warehouse:
that should be erected and owned b,
the association.
LET the government grade ant
weigh all products received and issu'
warehouse receipts, showing the ma
ture and quality of the product store'
and also show what the average Sc
ling price has been for twenty year
preceding the date of deposit.
"These certificates should be avail
able to secure a loan equal to eight
per cent Of the average value of tn
produce. The government should is
sue its notes and loans to the assC
citation at low rate Of interest an
hold the storage receipts as security
The terminal association should
formed by the cooperation of the Ii
cal or primary elevators or warehous
es, being affiliated and bonded an
supervised by the government, there
by enabling the producer to deposi
mis- product in his local warehouse O
1 elevator and receive warehouse II
ceipt for il properly authenticated.
The terminal association sha
maintain under government superv
sion free and open market for tn
sale Of farm products. This will eI
able the producer to carry his proc
uct at a nominal cost, consequent
will remove the conditions that caus
the violent fuctuation in the marke