Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1921-04-08

The relations of the local farmers
elevator company or grain growers
association to the grain grower have
been explained Its relation to the
central sales association will be as
follows:
/. 1t viii sign contract with the
central sales association, agreeing to
deliver all grain received from those
farmers who are members of the ma
tional sales agency to that sales
agency for sale, for period OF prob
ably five years.
.. 1t may ship its grain to the cen
trail sales association on consignment,
in which case determination of time
and place OF sale will rest with the
local elevator company or grain grow
ers' association. The sales associa-
tion will sell the grain to the best
possible advantage, when received,
and remit the proceeds, less selling
cost, to the local elevator company
on grain grawers association.
3. It may pool its grain with the
grain or one or more other similar
farmers elevators or grain growers
associations. Such pools may cover
any desired territory, time, and kind
of grain. All pools involving more
than one locality will be under the
direction and management of the CEN
trail sales association and the time
and place of sale will be determined
by that association, provided our
committee of attorneys will endorse
that as legal Money for advance
payment on pooled grain will be fur
nished by the sales association. When
all the grain in any pool is sold, the
| balance due the local elevator com
pany or grain growers association
will be paid to it, based on the aver
age price received for that kind, yari-
ETY. and grade, and less necessary
| handling and selling costs.
The Board of Directors
The central sales association will
he governed by board Of directors.
the number of which has not yet
been decided upon. These directors
will hire manager, department
heads and other employees. and will
direct the business policies of the
association. Directors will be elect |
eG as follows:
l. Each local community will |
elect one delegate.for each 100 men, |
bers or major fraction thereof I
These delegates will represent the
membership at an annual meeting to
he held in each congressional dis |
trict.
2. The congressional district |
meeting will elect one delegate to |
the annual national meeting This
delegate will cast one or more votes |
at the national meeting, depending
either on the number of members
represented or the amount of sur
plus grain produced or both.
3. The national meeting will elect
the board of directors of the nation
al sales association.
\ Non-Profit, NOn-Stock Organiza-
ton
The sales association will be a
non-profit, non-capital stock organi-
zation. All money received from the
sale of grain will be returned to the
growers through the local elevator
company or grain growers associa-
ton less the cost of operation.
The sales association will have the
following departments, and others if
the directors so decide:
1. Research and statistics. Ii
will be the purpose of this depart
| ment to collect in the most complete
and thorough manner possible, in
| formation about all world conditions
affecting the supply of grain and the
demand for it.
.. Organization.
s. Publicity.