The Richmond palladium and sun-telegram., 1922-08-08
U. s. GRAIN GROWERS
OFFICIALS RESIGN;
SALVAGING ASSETS
BY WILLIAM r.. sANBoRN

The resignation of every official OF /
the U. S. Grain Growers, Inc, has
been rendered to the heads of the
American Farm bureau at Chicago !
and same duly accepted AS a pre-
liminary to this anticipated step, re-
organization plans we're made by the (;
farm bureau heads to salvage the
Grain Growers and to get some effec- |
tive action for the hundreds of thou
sands of dollars invested in member
ships, also the large sums loaned by
the state and county farm bureaus TO,
the grain growers organization.
The reorganization of the farmers
new cooperative grain marketing COM
pany follows an investigation that has
been made by the midwest state COM
mittee. appointed by the farm bureaus
several months ago to untangle the
chaotic affairs of the L. S. Grain
Growers, Inc. A complete new board
of directors has been appointed.
Frank o. Wetmore, president Of the
First National bank of Chicago; Alex
ander Legge, president of the Inter
national Harvester company, and Ber-
nard NJ. Baruch, financier, of New
York, have accepted appointments on
look after the questions of finance
and marketing.
Secretary Henry c. Wallace and
Herbert Hoover, secretary of COM
merce. have been asked to serve as
ex officio members of the new board
of directors, to represent the public.
Make Clean Sweep.
| It now appears that The entire per
sonnel of the old directory, and all
! regional officers and subordinates,
were included in the designations ten
dered the midwest state committee.
! In submitting their designations, c. H.
/ Gustafson, who has been president of
! the grain growers since the inception
of the movement. and Frank NJ. Mey-
! ers and James K Mason, said: I'VE
pledge the resignation of all officers of
: the U. s. Grain Growers, Inc, and the
! officers and directors of all its subsi-
| daries, all of the above mentioned
| res ignations to be accepted by the
! board of directors at the discretion of
I your committee We stand ready to
assist your committee in every way
possible"
! Officers of the new board of direc-
tors are: President, Z. H. Cunning
! ham, secretary of the Ohio State Farm
/ Bureau federation; vice president, H.
L. Keefe, Wilthill, Neb. secretary, j.
! NJ. Mehl, Chicago; treasurer, c. Z.
! Gunnels, Chicago.
The new board of directors elected
an executive committee of three-E.
H Cunningham, r A. Cowles and j.
F. Reed-all vested in broad powers
for carrying on the affairs OF the
! organization. The sales company, 4
subsidiary of the U. S. Grain Growers,
Inc, will be controlled by this COM
mittee.
j, Soon start Marketing
i C.E. Gunnells, treasurer of the re
/ organized association and also treas
urer of the American Farm Bureau
now says that the members of the
Grain Growers will be able to start
i marketing their grain in few weeks
as selling arrangements will shortly
d be completed at some of the terminal
markets.
In commenting on the B. F. Hale
proposition to market grain at Chlca
go, made some months ago, it is stated
that Mr.. Hale offered to furnish money
to the Grain Growers on certain
basis and that the matter was taker
: UP by Mr.. Hale with the C4lcag'
Board of Trade. Our readers have
been advised of these negotiations an6
of the entire proposition, from time
, to time.
1t now develops that the directors
of the Chicago Board objected to thi
Hale agreement, of which fact the
Grain Growers were notified and thi:
seemingly ended the matter, so far a.
the Hale proposition was concerned.
The men in charge of present at
5 fairs have doubtless gone into this
! matter thoroughly and their proposed
: new line of action will no donbt b'
| made public within a few days, o
weeks.
: A large part of the wage Garner!
: in Argentina are women, more thar
: 900 900 being engaged in gainful oc