The daily star-mirror. (Moscow, Idaho) 1911-1939, 1921-05-11

abroad. The grain produced by any
grower or such quantity as may be
received in payment for rent, may be
delivered at any elevator or ware
house as the choice of It's owner may
be, but the contract of delivery re-
quires that said grain must be sold
through the central agency. The
grower or owner of grain may sell
through the local elevator company
or association at a stipulated price
and if the returns from the central
agency as the grain has been sold and
expenses deducted, show any further
gains over and above the price paid
by the local elevator company, the
difference will be paid to the owner,
thus receiving the full benefit of the
price obtained through a central sch
ing agency
Provides For Optional Pooling
Two or more owners of grain may,
if they desire, pool their grain any
time that they see fit and the same
pool can be handled and will be treat
ed as if individual quantity. Any
number of voluntary pools can be
made as the grower may desire, or
if all can unite in one great pool,
they also have the same privilege.
The grower, though, should realize
the need of precautions in complete
voluntary pool, that under the laws
of the United States, the same should
not be used to force the price of grain
to such an extent as to be interpret
ed under the laws as in restraint of
trade.
viii Form Financing Corporation
One of the most important subsid-
aries to the central sales agency is
the financing corporation by means
Of which the National Board Of Direc-
tors will have power to protect the
growers to a certain extent financial
ly, thus enabling them to keep the
market always supplied according to
the demands, and preventing great
surpluses of grain being thrown on
the market at certain times of the
year, thus causing depression in the
price which reverts to the grower
and gives opportunity to the manipu
lators and spectators, which is con-
sidered one of the great causes in the
fluctuations of our markets. There !
being about six million farmers and
under the proposed plan if one out OF
every six would become the owner OF
one bond, at $4,000 each, it would |
give this National Board of Directors !
the paid up capital of $100,000,0 100000 /
and under the laws of the United |
States ten times that amount could be
used as credit, thus giving the di- !
recors over 0,000,000.00 as a ]
credit to market the farmers grain.
To Prepare Report On Crops
o,,t 1hcfd do1-xr Ic q
Market News Association to sonsist
of member or members in all of the |
grain growing countries of the world,
it being their duty to gather correct
and complete reports and statistics
in those various sections and report
the same to the central sales agency, I
from which the report will be distri-
buted to the local units where the
grower can receive the same, thus
giving us a correct and united re-
port of conditions and supplies on
hand at all times, thus enabling the
growers and their business manage
ment, to have complete and correct
reports such as are not now available
out are necessary for the conducting
If the business.
Another corporation, known as the
Z OI0lSIl OOI POI ID tlioO w " IL
stituted as soon as necessary. Thru
t disposition is to be made of all
surplus grains which are to be placed
IN the worlds market
Directors Elected BY Delegates
The Board of Directors, consisting
# twenty one members, will have the F.
governing Of the central sales agen-
", and other departments of the ma
;ional federation; thus directing the ]
policies of the association.
The directors will be elected as /
'ollows: Each local community will |
elect delegate for every one hun
lred members or fraction thereof,
Who are or will be the members at ]
he annual meeting to be held in each {
district. The congress j
onal district meeting will elect one {
lelegate to the annual national meet |
ng. The national meeting will elect {
Board of Directors Of the National ]
,ales Association {