Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1921-06-03
BIG SAlESMARKET
SYSTEM FORMED
100000 Corporation to
Speed Grain Selling Has
Financial Backing.
SUBSIDIARIES PROVIDED
Financial Aid to Agriculturalists Il
Period Between Production and
Existing Marketing Plan
% Not Affected.

= New York-Plans for cooperative
grain marketing, recently outlined by
growers. were advanced BY the forma;
ton Of the Farmers Finance corpora.
ton with q capital stock Of 100000.
900. This announcement, made by the
executive committee Of the United
States Grain Growers, Inc, stated that
Bernard Baruch, one Of the financiers
with whom conferences were held viii
act in an advisory capacity for the
newly organized body.
Incorporation papers will be filed in
Delaware by Clifford Thorne Of Chi.
cago. counsel for the executive com.
mittee Of grain growers. whose organ
ization will work in association with
the finance corporation.
To Hasten Grain Movement.
Purposes Of the corporation. it was
said, include affording the farmer .
ready market in case of money strin-
gency: Fastening the movement OF
grain between the point Of origin and
the consumer, and the elimination Of
much Of the handling Of products by
mfddlemen. The Organization does not
seek to wreck the existing marketing
system, It was stated.
The marketing body is an offspring
of committees of the American Farm
bureau, government committees and
other farm organization which held a
series of conferences during the last
few months.
NJ In In
tive committee present at conference
were c. H: Gustafson, Lincoln, Neb. !;
J. M. Anderson, St. Paul: P. E. Don
nell, Waco: William G. Eckhard, De-
Kalb, ILL.,; c. H. Hyde, Alva, Okla. !:
Frank M. Meyers, Fort Dodge, Iowa:
r. c. Obrecht, Topeka, Kansas. and
w. F. Schilling. Northfield, MINI.
Northwest Men in Role.
Minnesota farm representatives have
been prominent in the establishment Of
the Farmers Finance corporation,
which is the first step taken by farm
organizations to finance the market
ing of their own grain, officials of the
Minnesota Farm Bureau federation
said. =
w. F. Schilling of Mortified was
chairman Of the finance committee of
the United States Grain Growers, Inc,
which co-operated with Bernard Bar
UGH, in establishing the finance corpo-
ration: MI. SchilIing represented the
Minnesota Farm Bureau federation, ].
M. Anderson of st. Paul, president Of
the Equity Cooperative Exchange, is
vice, president of the United States
Grain Growers, Inc. 80 ~
Potter Explains Corporation.
The entire genesis and development
of the movement which resulted in the
establishment of the 100000. 900 cor
poration was explained by L. e. Pot
ter, president Of the Minnesota Farm
Bureau federation.
About eight months ago, he said, the
federation called conference in Chi
cago and authorized James R. Howard,
the president, TO appoint committee
OF II to Investigate means Of markets.
ing grain. This committee fec6m,
mended that grain growers market
ing agency be established. A confer
ence Of the principal grain growers OF
the country was then called for April
z In Chicago, at which the United
States Grain Growers, Inc, was found.
ed. This organization was designed
as a sales agency for cooperative ele.
yators, Of which there are 200 in Min
"e@~~"' ''"H"jS
Plan Of Procedure.
The plan of the corporation, accord
ing to local officials, is to store grain