The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1917-02-08

employed in experimenting with
small terminal at Paramount, although
the Equity milling interest OF Fair
mount insisted that ever such small
elevator would enable them to oper
ate night and day, earn a profit O
| $1,000 to $1,000, and return fail
| share Of that profit to the farmer. A
| present. through lack of elevator ca
pacity, the mill operates only par
! time, and it is not making money.
Whenever the state is ready to &C
! behind bonds to build terminal ele-
vators then l am for it. The net earn
ing would earn interest on the bonds
and set aside sinking fund
Funds have been set aside, and the
people want something done now,
said Senator Gronvold "The time is
ripe for an experiment, and l thlnk
our first effort should be in the line
of experimentation. Let us show that
the thing can be done, and then 80 in
to it on big scale"
1--WE came here determined to sup
port terminal elevators said Senator
Gibbons. Equity men have told US
this elevator Should be built in St.
Paul. A majority of the people, be-
lieve, favor one inside the state, ana
the Equity men refuse to guarantee
that terminal located inside the state
would prove success For that rea-
son l favor taking up the Paramount
proposition. l believe with terminal
elevator there, even though 1t were
small one, the farmers elevator COM
panies throughout the state would get
behind the Equity MILL take stock in
the proposition, and engage to handle
it's production, forming big and very
efficient sales organization. l believe
We should put $250,000 to 100000 in
to terminal elevator at Paramount,
lease it to the Equity, and let them
try it out y
Anderson On Milling
Il know nothing of the flour bust
ness" said President Anderson. IF
the millers are making as much
grinding d. F. wheat as President
Laid says they are would like to see
it tried out. l do believe that no ter
minal elevator should be built in this
Sldlc uulCoo lIClC q IiouA AAAAAA
SO the finished product may
20 into eastern markets.. The argu-
ments as to a big profit in cleaning
wheat in this state does not hold good,
as elevator men tell me the best mar
ket for their screenings is at the ter
in Minneapolis, and the
may as we'll go there with
the grain in the first place"
1--WE can't solve this problem of ter
minal elevators by mixing it up with
any little flour MILL objected Sena
tor Wexford n...
From S15O,OOO,OOo to $4,000, 900
per annum is involved in the hand
ling of North Dakotas grain crops
continued the Equity exchange head.
mo one can give you any adequate
idea of the amount it would take to
establish adequate terminal facilities
in North Dakota. And then would
come the question Of market for
your grain. In all the years we have
been operating in Minneapolis, we
have not sold a bushel OF grain to the
Minneapolis mills or elevators. They
will not even place our names on their
books. We have lost $4,000 because
we haven't had an elevator there and
have been compelled to operate
through dummies. We handled 49,
100000 bushels of last, years crop,
and on that we lost 100000 because
we had no ELEVATOR. Our 100000
bushel elevator in st. Paul began
taking in grain December q. We
have been taking in only two or three
cars a day and operating very small
part of our plant. In January we I'M
loaded 95 cars and loaded out ten, and
for that month we made 1850, leav-
ing us net earning Of $1,000 after
deducting $3.50 for expenses, not in
Guiding any interest on our invest
ment. We could, however, have leas
ed 100000 bushels of storage capacity