The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1921-03-17

at least three departments and other
if the directors so decide. These de
Epartments shall be research and sta
~tistics, organization, and publicity
We outline below the duties propos
ed for these departments.
The research and statistical de.
partment will collect in the most
thorough manner possible all infor-
nation about world conditions af-
fecting the supply of grain and the
demand for it. 1t will interpret sta
~tistical information now gathered by
the United States Bureau of Markets
and other agencies. 1t will supply
local organizations with accurate
data which will guide them correctly
in doing their business. Grain grow
ers are now dependent upon 'tmar-
ket information furnished by the
dealers in grains and such informa-
ton is not always reliable; often it
is colored for a purpose.
The organization department will
develop the local organizations. 1t
will handle the membership cam
paigns in the various localities and it
will assist in organizing these mem
bers into local organizations that
serve as the connecting link between
the individual grower and the nation
al sales agency. 1t will assist in the
recognizing of farmers elevator
companies which find that step es-
sential to come into this marketing
plan.
The publicity department will look
after the issuing of news and adver-
Using concerning the work of all the
organizations affiliated in the market
ing work.
When does the agency expect to
being handling grain? This depends
somewhat upon the rapidity with
plans are carried along. 1t is
proposed to handle a certain percen-
tage of this years crop, if not winter
at least spring wheat. This
will be possible by using the present
farmers elevator companies as the
first local units. The first work in or
.ganization will be directed toward
bringing into the plan these eleva-
as quickly as possible. While
this work is going on the agency will
be getting into shape to handle the
grain by establishing its selling agen-
cies and subsidiary corporations.
The Operating Departments
The most essential of the subsidi
airy corporations which viii be pro-
yided are:
l.. Selling corporations to buy seats
f desired on the grain exchanges.
Plans have already been made to Sc
a seat on the Chicago Board of
Separate corporations r
for this purpose in order to
regulations prescribed for the
conduct of members by the grain ex-
changes. The regular commissions
will be charged and sales will be ham
He'd in the usual way. Earnings will
De paid on a stock basis. This stock
will be controlled by the national
agency which in turn will dis j
the earnings of the commits
sion company to the growers. If the S
exchanges refuse to admit the s
agency on this basis it proposes to l
establish a separate cash market to
which cash buyers will come when
hey find it necessary to get grain.
Legislation is pending in many states,
such as in Minnesota, to declare the
exchanges public markets. The
exchanges may tie this legislation up,
When passed, in the courts, but this
marketing plan provides for estab-
these subsidiary commission
irms so that they can begin selling
operations regardless of any action
may be started to test the le-
of any laws that may be pas
ed. Branch sales Offices will be es-
ablished in all important markets
nd will do their selling through
hese selling corporations.
2. A warehouse corporation that
viii have authority to provide the
leeded terminal elevator equipment
y buying, leasing or building. The
roblem of terminal warehouse faci-
in the light of investigation by
he Committee, does not appear to be
he difficult problem that is gener-
lily supposed. The Committee has
ound that there is already sufficient [
warehouse facilities avail
BILE and that only a small percent :
ge of the terminal warehouse space {
ever utilized. The Committee is (
greed now that the big problem
the local elevator or warehouse and {
lat the logical point to hold grain {
at the loading point. 1t is agreed F