The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-03-30
ELEVATOR OWNERS OF
BOSTON PLAN CHANGE
IN HOLDING COMPANY

A cooperative elevator for Boston
township will be established in the
near future, II the plans of stock
holders of the present company. and
the desires of various farmers of Bos-
ton township. are carried out.
A meeting has been called for the
evening Of Thursday, March 81, in the
Boston schoolhouse, cards announcing
the meeting having been sent out by
the management Of the Farmers
National Grain association, which
owns the elevators at Fountain City,
Boston, kitchell and Wits station. At
that meeting, E. G. McCullom has
been invited to be present McCul-
lom is the organizer of many coop
erative elevators in Indiana, includ-
ing several in Wayne county, and is
the secretary OF the Farmers Grain
Dealers association, the state organi-
cation of the cooperative elevators.
Favor Cooperative Plan
There has lately been manifested a
desire for cooperative elevator, ac-
cording to Gwen Duke, president of
the township farmers association,
who says that at the last meeting
there was an almost unanimous vote
in favor Of such a project. Also,
stockholders of the present elevator,
it is commonly understood, have been
lately showing dissatisfaction with the
management, and as they are farmers
Of the vicinity, dependent upon the
elevator for service, a demand from
them for a change, is in sympathy
,, with the general desire for co
operative.
The statement was made by mem
Der of the firm of Foreman, White
and Addleman that the object would
| be to form a cooperative association
| which would take over the elevators
at Boston, Kitchell and Wits Station
! This plan cannot be followed, accord
ing to various farmers of Boston town
ship, as the custom is to form CO
operative associations around each
elevator, members usually being pat
rons or possible patrons of the eleva
| tor Not much interest was mani
tested in having an association which
| should own elevators outside theil
own territory.
Price is Considered
! Possibility Of paying too high 4
price for the property at present ir
the hands of the Farmers Nationa
Grain association was pointed out by
T. w. Druley, farmer. of the town
| ship and member of the farmers as
ISOLATION. Il would think that $4,000
would be an outside price for the prop
erty," he said, and that takes into
consideration the site. building and
equipment. At guess, l would say
that the cost of building when the
elevator was put up 10 years ago Wa
far under that figure"
| This opinion, that if cooperative
| elevator association were formed. moi
too high a price should be paid fol
any property offered. was also voiced
by Gwen Duke, president of the Bos
ton township farmers association
that this it not a selfish desire tc
save money. is evidenced by the fact
| that Duke himself is a stakeholder 1r
| the company which owns the Boston
elevator, and would profit materially
! il the proposed cooperative associa
ton should buy out the property at a
high figure.
Want Cooperative Plan.
I'VE do want a cooperative elevator
here" said Duke, 'and We shall b'
! glad to hear McCullom and get his ad
vice as to how to form one. l have
told many that McCullom will be pres
ent, and they are looking forward tt
hearing him"
Present stockholders of the Farmer
National Grain association state tina
the object Of the reorganization il
simply to change the form of the com
pany. making it a real cooperative
instead of a corporation, and that il
reality, many of the members of thu
new association will be the old stock
holders Of the company