Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1921-04-28
HANDLE 1921 CROP
GRAIN GROWERS
PLAN SAYS BURDlCk
Bernard M. Baruch, U. S.
: War Finance Chief, to Take
Over Financial End of
Farmers New National Mar
ket Agency. -...

Fargo, April 26.-Bernard III.
Daruch. New York flnancier and
chairman OF the War Finance cor
poration during the World war. HIS
agreed to arrange for the finances Of
the United States Grain Growers.
Inc. according TO Usher l.. B1:dlek.
president of the North Dakota Farm
Bureau federation and meEaber CT
the Grain Growers board of dlrnc-
tors, who returned Sunday from Chi
cago where he attended 4 conference
of the board.
'Mr. Baruch, who is recognized IFS
ono OF the leading financiers OF tho
country" said Mr.. Durdick. "has sig.
nifled his willingness to manage the
financial end Of the grain marketing
movement and has made the state-
ment that he can put the movement
across.
To Raise s1OO,OOO,OOO
"An effort will be made to raise
the 1921 wheat crop aud II this ia
done, which Mr.. Baruch says l;e 10
confident can be accomplished. 1t Fill
be possible to issue bonds IN the
amount Of at least Sl,000,O0D to he
used in tho prompt payment 10 farm
ers OF grain delivered to tho national
sales agency"
Mr.. Burdick said that ut the con-
ference last week finance commit
tee comprised Of w. +. Scil:iline.
Northfleld, Minn., chairman; George
C. Jewett, Spokane, Wash, banker.
and II. l.. Robinson, Ohio banker.
was organized and would nave full
charge of the Grain Growers finances
The committee. said Mr.. Burdick, is
completing arrangements at present
to employ Mr.. Baruch and set the
financial end Of the movement into
operation at once.
Handle 1921 Crop
Mr.. Burdick gave assurance that
the wheat crop of the western states
and of North Dakota, Oklahoma,
Texas, Kansas and Nebraska would
be contracted for and sold through
the Grain Growers Inc. this year
and that before the five years con.
tracts for these states expire all
wheat growing communities in the
country would be affiliated with the
Grain Growers.
4 committee consisting OF Mr.. Bur-
dick, J. r. Howard. president of the
American Farm Bureau federation.
and Mr.. Schilling, was appointed to
visit the states OF Oregon, Washing
ton, Idaho and Montana, which COM
prise the Western Wheat Growers
association. within the near future
and to close deal with the mem
bers Of that association to market
its wheat for term of six years
through the Grain Growers, Inc.
Meetings will be scheduled in Port
land, Seattle, Boise and Helena, at
which members Of the federation's
committee will explain the grain
marketing movement.
Drive Starts at Once
In discussing plans for tho finance
operations of the Grain Growers,
Mr.. Burdick said that plans had been
completed for the launching of q
drive at once for the sale Of 800
membership cards to farmers OF
eastern states. Besides this plan to
raise money. stock in the Grain
Growers, Inc, will be sold TO east
ern investors, under the direction Of
the finance committee.
Mr.. Jewett. who was placed on the
finance committee, and who is now
IN the banking business in Spokane,
was formerly banker in Ward
county, North Dakota. and in 1919
was member Of the North Dakota
house of representatives from Ward
county. Mr.. Schilling is q Holstein
breeder Of considerable Importance
in Minnesota and Mr.. Robinson has
had lifetime banking experience in
Ohio.