The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-05-06
B. N. BARUCH TO
DO;FINANCING
New York Banker Will Aid Farm
Bureau Plan to Handle Entire
Years Crop.

Bernard NJ. Baruch, New York
banker and %financier, who acted as
chairman of the war finance corpora
ton for the government during the
war and who investigated the market
ing situation for the grain growers
and worked with the Farm Bureau
marketing committee, has agreed to
arrange for the financing of the
United States Grain Growers, Inc,
according to a statement made by U.
L. Burdick, president of the North
Dakota Farm Bureau federation, who
has just retrned to Fargo from at
tending a meeting of the national
board of directors, which was held in
Chicago.
"Mr. Baruch, who is recognized as
one of the leading financiers of the
country said Mr.. Burdick, "has sig
nified his willingness to manage the
financial end of the grain marketing
movement and has made the state
ment hat he can put the movement
across.
To Raise 500, 900, 900
"An effort will be made to raise
500, OOO, 900 this year, to handle the
1921 wheat crop and if this is done,
which Mr.. Burdick says he is conf
dent a be accomplished, it will be
possible to issue bonds in the amount
of at least 81 1000 900, 900 to be used
in tha prompt payment to farmers OF
grain delivered to the national sales
agency"
Mr.. Burdick said that at the con-
ference last week a finance commit
tee comprised of B. F. Schilling,
Mortified, Mimi, chairman; George
c. Jewett. Spokane, WASH, banker,
and H. L. Robinson, Ohio banker, was
organized and would have full charge
of the Grain Growers finances. The
committee, said Mr.. Burdick, is COM
pleting arrangements at present to
employ Mr.. Baruch and get the finan-
cial end of the movement into opera
ton at once.
Handle 1921 Crop.
Mr.. Burdick gave assurance that
the wheat crops of the western states
Texas, Kansas and Nebraska would
the Grain Growers, Inc, this year and
that before the five years contracts
for these states expire all wheat
growing communities III lHe CouIllIy
would be affiliated with the Grain
Growers.
A committee consisting of Mr.. Bur-
dick, j. R. Howard, president of the
American Farm Bureau federation,
and Mr.. Schilling, vas appointed to
visit the states of Oregon, Washing
ton, Idaho and Montana, which com
prise the Western Wheat Growers as
ISOLATION, within the neal future and
to close a deal with the members of
that association to market its wheat
for a term of six years through the
Grain Growers, Inc. Meetings will
be scheduled in Portland, Seattle,
Boise and Helena, at which members
of the f%ederation's committee will ex-
plain the grain marketing movement.
Drive Starts at Once.
In discussing plans for the finance
operations Of the Grain Growers, Mr..
Burdick said that plans had been COM
pleted for the launching of a drive at
once for the sale of 500 membership
cards to farmers of eastern states.
Besides this plan to raise money,
stock in the Grain Growers, Inc, will
be sold to eastern investors under the
direction of the finance committee.
Nh. Jewett, who was placed on the
finance committee, and who is now in
the banking business in Spokane, was
formerly a banker in Ward county,
North Dakota, and in 1909 was a
representative from Ward county.
Mr.. Schilling is a Holstein breeder of
considerable Importance in Minnesota
and Mr.. Robinson has had a lifetime
banking experience in Ohio.-Williston
Herald,