The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-02-19

capital necessary to secure facilities
for Immediate handling of grain con-
signments. Later, the running eX-
penses of the National Sales Agency
will be secured by assessing a hand
ling charge on the grain marketed
through its Offices.
Use Local Elevators.
Local cooperative elevators com
panies, composed Of growers and Or
ganiZed on a patronage dividend basis
are to be asked to contract with the
national sales agency for the sale of
the grain of it's members. Local CO.
operative companies will be organized
in localities where there are none and
an effort will be made to reorganize
local companies which are not now
on cooperative basis.
To Permit Reorganization.
However. reasonable period of
time may be given to local elevator
companies to make such necessary
changes in their present form Of or
ganiZation as would meet the require
ments for doing business through the
national sales agency.
A contract between the growers and
the local farmers cooperative eleva-
tor company or the local cooperative
association would be solicited, provid-
ing for the exclusive sale of the
grower-members' grain through the
sales facilities of the national sales
! agency. AS an alternative, contract
| with the growers could be solicited.
providing for the pooling locally of
the grower-members' grain, and its
sale through the national sales
! agency.
Choice is With Grower.
The contracts also will contain pro-
visions authorizing two or more COM
panies to pool their grain, when ap-
proved by at least IS per cent of the
members of each company.
! 1t should be clearly understood
that the option of the method of dis
! posing of his grain rests with the
grower. He may consign his grain to
! the local cooperative elevator for ex-
! elusive sale through the national
i sales agency. or he may vote to pool
his grain and provide for its sale
| through the national sales agency.
! Doubtless the farmers grain market
/ ing committee of seventeen believed
i that this optional method would pro
u, ide the acid test for the pooling
system and would eventually lead to a
| survival of the fittest as between the
methods.
Will Stabilize Prices.
! Bv handling a large volume Of grain
through their own sales agencies. the
farmers hope to check and finally
eliminate the speculation and unfair
practices by which the terminal grain
| markets have been MANIPULATED, to
their disadvantage. BY maintaining a
steady flow Of grain to the markets
throughout the year. by financing the
grain movement. with elevator re-
ceipts handled by its own finance
department by maintaining its own
sales agencies on the grain exchanges
and by handling its own exDortabln
surplus. the new grain marketing or
ganization can, in the opinion of the
committee. stabilize prices and pre-
vent the great daily, weekly and sea
sonal fluctuations. that are so great a
hardship to both producer and con
sumner.
It is not the desire of the committee
TO form a grain trust. according to
the committee. 1t points out the i'm
and by handling its own exportable
surplus. the new grain marketing or
ganizaton can. in the opinion of the
committee, stabalize prices and pre-
vent the great dailv weekly and sea
sonal fluctuations, that are so great a
hardship to both producer and con
sumner.
1t is not the desire of the committee
to form a grain trust" according tc
the committee. 1t points out the i'm
possibility of unfair. prize fixing by
farmers, since unduly high prices
quickly defeat themselves by encour
aging over production.