Sioux County pioneer. (Fort Yates, Sioux County, N.D.) 1914-1929, 1919-05-22

| NO legislative act passed by an Am
| erican commonwealth has ever accom-
plislled so much for the prosperity of
Its people as will the law pissed by
the last session establishing u. state
owned terminal elevator and flour mill
system in North Dakota. AS the direct
result of this measure the grain grow
ers of this state will get millions Of
dollars more annually for their prod
uct, this money will be kept at home
to benefit business within the state,
North Dakota cities will manufacture
the flour now milled in Minneapolis,
and the dairy industry Of the state
will be encouraged.
The law which will have such tre-
mendous effect upon North Dakota's
prosperity Is known as Senate Bill No.
20. 1t establishes state-owned ware
house, elevator and flour mill system
to be known as the North Dakota Mill
and Elevator association, and author
ICES bond issue of $5,0OO.OOO to build
and operate these state-owned utili-
ties. The state elevators and -four
mills will be managed by the Indus
trial Commission.
State Completes With Monopolists
The North Dakota Mill and Elevator
association has the power to build, buy
and lease elevators and flour mills, to
fix the price of grain and its by-prod-
W..S. and to manufacture and market
grains and their by-products. In short.
the state will enter IL business that is
now mOnopolized by the Minnesota
grain gamblers, who rob the farmers
Of this state of millions of dollars an
nually.
The first result of state-owned ele-
vators will be to give the farmer sew
eral cents more on the average price
of his wheat. Heretofore most of the
farmers obligations have fallen due
during the threshing season. As a
consequence, many farmers have been
compelled to haul their grain to mar
ket as soon as 1t was threshed and
sell 1t Immediately, SO that they could
pay their debts. Usually the market
ut this period is artificially depressed
by the grain gamblers, who own the
storage facilities, to the lowest point
of the year. By this means the farm
ers sell ut an unusually low price and
are thus deprived of millions and mil
lions of dollars rightfully theirs.
Under the system Of state-owned
terminal elevators it will be possible
for farmer to haul his grain to
town and store it or consign it to one
of the state terminal elevators. When
his grain is in the state terminal ele-
vator he will be given u warehouse
receipt. On this warehouse receipt he
can borrow money from the Bank Of
North Dakota or any of it's subsidiary,
agents. This will. enable the farmer to
pay his debts.
Will Give Farmer More.
The farmer does not sell his grain
when he consigns it to the state ele-
vator and gets a warehouse receipt.
He merely deposits his grain with the
state elevator system which attends to
the marketing. His grain may not be
sold until weeks or even months after
wards, when the market is likely to
be much higher. :.
The warehouse receipt, however,
permits the farmer to get part of the
selling price Of his grain in advance so
that he can pay off his obligations
without selling his wheat at an UNI
reasonably low figure. Later, when
his grain is sold, he gets the difference
between the final selling price and the
amount advanced on his warehouse
receipt, less the actual cost of the
marketing to the state.
DIR. T.. f. Ladd and J. A. McGovern.
heads Of the state grain inspection de-