The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-10-11
New Grain Co-Operative's Success Depends
On Leaders And Farmers, Says Authority
BY NEA Service

bS .@"'N t'SiNs>S
Chicago, Oct. ll.-Desipte a veil
Of suspicion cast upon the new $780,
100000 Grain Marketing Company,
formed for the cooperative market
ing of grain, it will succeed if it's
officers maintain an unselfish,
faithful control and wheat growers
cooperate whole heatedly.
Herbert Quick, famous LAWYER,
economist and agricultural author
ty, comes to his conclusion after Il
thorough study of the new organiza-
ton, its officers, its resources and
its possibilities. He talked to men
both for and against the company,
studied its form Of Reorganization,
especially the big grain men backing
it, and then considered its benefits
for the farmer.
81 am convinced that the great
scheme is one which might be made
to work" he says conservatively.
whether it does or not will depend
mainly on the self-selected men
from the farm organizations who
are its officers and directors. do
not think they have as yet even
started on the job of getting the
support of the farmers without
which they will fail.
"The farmers are going to have
all sorts of advice and they will
have to be shown. Much will de-
pend on the breadth of view and UNI
selfishness of these officers and di
rectors, or their CORES ponding weak
ness and faults, as to whether this
striking movement succeeds or
comes to disastrous grief"
Legal Trust?"
The suspicion has been voiced
that this is merely huge trust
cloaked in the guisc of co-opera-
tive, formed under the cooperative
laws of Illinois; that the old grain
dealers, who are still the active
managers Of the new company, are
controlling it with view toward
grasping control of the entire grain
field for their own advantages.
Quick belives this suspicion un-
founded.
If they did this" he reasons,
Congress and the courts would
| break up their trust and set up
governmental agencies which might
ruin them, and they are wise enough
to see this. Besides as honorable
men, they would not become swind-
lers if they could get away with it.
Furthermore, the terminal elc
water business has been declining in
profitableness for some years and
the only way to bring it back may
| be through cooperation. Besides,
the old grain men want to get out
from under governmental regulation
and interference, and believe they
can do it and get out of the grain
business with their money in five
years by making it over into great
CO. cooperative business which would
have all the profits and economies
of at trust, but be legal"
! Doing Business
| The new cooperative company is
already doing business on large
scale and the Old gram leaders are
working hard for its success, says
! Quick. AT present they control it
bought by the farmers and the old
stock and debts to the grain leaders
are retired, the farmers will grad
ually gain control until they will
own it.
! This is expected to come in five
years, if the cooperative venture
succeeds and the farmers come in.
| Otherwise lac company Will, OF
necessity, revert to the grain finan-
ciers.
"The great and critical task of the
Grain Marketing Company Quick
asserts, sis to make such a showing
| as to win the confidence of the
| farmers and their organizations"