The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1921-04-08
RAT|FY THEMARKETPLA
Farm Delegates Meeting
In Chicago Today
ADDRESS BY WALLACE
Report committee Seventeen
Will Be Taken Up For
consideratior,
[Associated Pres Dispatch.l

| ASSOCIATED Pres Dispatch.l
Chicago, April g.. me tifcatson
conference on the co-operative grain
marketing plan subnlitted by the
farmers marketing Committee OF
Seventeen assembled here today for
"the most important meeting OF farm
ers that the HISTORIC Of our country or
in the word of c.. H. Hustafson, chair
man Of the committee.
Details. of the plan prepared dur
/ ing nearly "a year of conferences to
market the majorify OF the farm
products of the Country under the /
most favorable price Conditions were
submitted to representA dives of the
the proposal.
The Propose Pian.
The plan proposed ~ the Commit
tee of Seventeen as 4 basis Of action /
called for farmers q contract for !
the sale of all Their grain as mem
bers Of the natlass opsratye
posing of the grain uare offered. The
principal one was for nation paol
Machinery for handing the enor-
nous quantities Of erain anticipated,
if national pool CONDUCTED by the
farmers of the cOunffy went into Ell l
feet, was outlined This consisted in
part of naHonal AGENCIES for finance
| and for export
The plan proposed By the Commit
tee of Seventeen differed in some
respects from that promoted by the
Wheat Growers AsSociatiop OF Amer
lea with headquarters In Kansas, and |
| from the system already in operation, |
under the Northwest Wheat Growers
Exchange. The tI5ffe organizations
mitt mite reported, thsagh not entirely
in scope or method Effort has been
made the past week BIZ The represen
tatives of each to agree on a single
plan to be laid before the conference
oday which would become one ma
tional CO. operative Grain marketing
system.
a percentage of fa<m6r's grain arose
among section q Helegates to the
'atification meeting ed here today
on proposed plan or tie national
i cooperative marked - rain by |
The producers. Dim was
j Seventeen which called the In6eting
The committee left pooling optional |
Plans Before Grain Growers
! Complete machinery by which |
| tarmers of the country may take !
over the marketing OF their grain on
a cooperative basis were laid before
the grain growers here. today. The
plans were presented by the Com
/nittee of Seventeen, which has been
working on a national cooperative |
! grain handling system for the last |
six months and which called today's !
meeting as ratification conference.
While the plans have been under
constant consideration the past few
lays and were given their final
touches only late last night, they |
,iffer in no essential detail from
hose previously worked out by the |
Committee, its members stated. Pres !
sure from several quarters for com
pulsory pooling of grain did not |
,ucceed in winning endorsement.
Curling OF Grain Speculation
! CURLING of speculation in grain is |
let forth in the final report of the |
committee as one of the chief aims |
Of the proposed plans. Declaring |
hat there was speculation in grain |
hat almost staggers all human
apprehension" the committee said
iuate remedy" was for the farmers
"enter extensively into the bust
less of grain distribution, merchan-
Using grain as the products of other
Industries are merchandised."
Establishment of corporation
.nown as the United States Grain
.rowers Inc, is provided for by laws
If the corporation submitted and
ontracts binding farmers who en-
oil, are given in today's meeting in
lie committee report.
Details Of Contract Feature
Salient details of the contract
eatures Of the plan are these:
INNING from the farmer to the
armers' cooperative elevator, the
econd from the elevator to the CEN
raj agency. The farmer signing
he contract must sell his grain ex-
:lusively to these agencies for five
5ears, renewable thereafter from
! There are two types of contract a
armer may make. he may adopt the
egular sales method now followed,
through which the farmer sells to
he elevator and the elevator sells at
he market. These may be direct
sales or sales on consignment The
second method provided for is pool
ng. Farmers Of a community adopt
ing this plan may pool or farmers
| Of two or more communities may join
a pool of their grain. The farmer
las reserved absolute option as to
/ which of the two contracts he may
sign.
Membership For $40.
! If either of the two optional
methods in the contract provides un-
| lawful, 1t is so stated that 1t will au-
| tomatically be stricken from the
/ contract, and the balance stands. |
/ Other features of the plan require |
CONTINUED On Page Seven