The Bismarck Tribune Newspaper, June 7, 1924, Page 11

» SATURDAY, JUNE 7, 1924 SPOINTERS IN | ~ WHEAT POOLING Salient Features in. Commod-| ity Marketing Outlined The contract, or written agree- rent, is the basis foy the American © method,of doing business. The man | gf saffairs is not content to do business on loose verbal promises of his: business colleagues, or their whims and fanci but demands a written understanding of terms and conditions even with respect to} minor matters. He in turn expects | his: colleague to exact the same re- uirements from him. This _prin- ciple of the written word and the name on the dotted line, is so well | understood and accepted in the business world, as to. cause no com- | ment whatsoever. If is not a mat-/ tt of suspicion, distrust nor doubt, but: a matter of plain business. Be- fore a manufacturer begins his sea- son’s production, he already has written orders (contracts) from the bulk of his prospective clients 60 that he may govern his operations accordingly; when a firm rents busi- ness quarters, it secures a long- time lease (contract) for the land- lord, instead of merely taking, the landlord's word for the time, terms and conditions. Only in this way can business be conducted without confusion and chaos. The contract is the protection of stone of cooperative marketing, but the dissenters and enemies have | fostered a prejudice against it, as something wherein the individual | gives up his independence and free- dom of action. Freedom of action and individual effort has been the ruination of farmers and opened up avenues of exploitation for preda- | tory middlemen that is shaking agri culture to its very foundation. The contract is the protection of the individual businessman against dishonest or irresponsible colleagues or clients, and the marketing agree- ment (contract) is the protection of the honest and loyal individual.mem- ber of an association against the “welcher” members. 0 Why a Five Year Contract? There is some element of risk in every form of business venture. Therefore every good’ businessman MAKES SURE of his ‘resources be- fore starting in to invest his capital and energies. That is why you have been asked to join in a five year contract pool, instead of one year, to make sure of success. So much must be done the first year or two in building up trade connections end otherwise becoming recognized as a trade factor, that big returns cannot be expected. On the other hand enemies of cooperation, the private dealers are ready to take losses by offering bribe prices over and above what the marketing agency can legitimately return to members in order to. discourage members from delivering to their or- ganization, that something, besides loose promises ure necessary to pro- tect the rank and file of the mem- bership from having a “white elephant” on their hands. “Every farmer is convinced that the present system of wheat marketing puts too much of hisshard earned motiey into the exploiters’ pocket, and that the ONLY way to beat the exploiter is to MARKET HIS OWN WHEAT, No business can successfully for the future except on a bi contracts. A pool without a tract is not a contract at all, i a gamble. \it a year’s contract is a Ching, a five year contract should be five times better. The Raisin Grow- ers started a five year contract and now have a fifteen year contract. The difference is one of mutual faith and confidence against dis- trust. Faith has the power to move the mountain of exploitation, high cost of marketing, low returns, hope de- ferred and disappointment. Mutual distrust will not seratch the surface. ‘To operate a successful pool. You will need the most ualified ex- evttives, the greatest experts in the trade to. work for you. You can not get thent on loose pro- mises or even a year contract basis. You can not invoke the interest , of banks for financing, or miller to prrehase your wheat,in a “fly-by- night” scheme based on whims and fancies. You will need to build up pernian- ent machinery from year to year. You will have to perfect your or- ganization antil it yields you the highest returns for the smallest ex- penditure. That takes time,’ not jess than five years. 2 Just “trying out” tHe pool means enly PLAYING WITH. A BIG IDEA, like a mouse attacking a lion. ‘A voluntary pool or a one year pool is a faint hearted squak against the present system of wheat eaploitation. 3 *y <A five year pool.is*a bold, cour- ageous bid for supremecy in the in- dustry that is your very life. Your choice is a long term con- tract with your fellow growers, or a life sentence with the spéculators. *) Fundamentals of the Contract The contract provides that the \sxowers of wheat in*North Dakota join or pool their wheat for a per- iod of five years to be sold by an agency provided for that purpose, owned and controlled by themselves, so’ as to control the~sales to pro- mote orderly marketing direct’ to millers, in other words follow their wheat farther than the local ship- ping point, farther than the termin- al market, in fact to the ultimate source of demand. 4 2 *The members agree to deliver to the association all their marketable wheat, except that sold for seed or feed, and to accept therefore the average season’s price, .based on quality, and “quantity.” (More de- talis jn Part III, Questions and Answers.) Like all other business contracts itis legal and binding, and. has been.) upheld in every court’ in’ which legality has, been tested, + iEach eontract. signer has an equ: ly ‘controlling vote with every other signer. Members elect their directors one from ¢ach of’ twenty districts sponsible for the proper. conduct © the business. These directors then plan even t é PRESIDENT COOLIDGE GIVES VIEWS CASE IT MUST BE ALL RIGHT ! President Coolidge Says— “He (the farmer) must have or- ganization. “His customer with whom he ex- changes products of the farm for those of industry, is organized. “Labor is organized, business is organized. “And THERE IS NO WAY for agriculture to..meet. this unless it, too, is organized. “I have many times declared my conviction that the development of a powerful co-operative movement in this country is one of the need of this period of economic read- justment. Examples of its advan- tages which have been set before us in this and other countries are so numerous and impressive that ene cannot but wish that every en- couragement may be extended to such organizations.” hire experts to conduct the business, and like all other employes are sub- ject to being fired for sufficient cause, or otherwise. * * * Financing In order to make advances to gvowers at the time of delivery, money must be borrowed, with the wheat tickets as collateral, until such time as the wheat has been sold. These loans are securéd from inter- ior banks in some instani from banks at the terminal poin but largely from the Intermediate Cre- dit bank of St. Paul. The storage receipts represent the very highest quality security and therefore money‘ can be loaned at very low rates of interest. The fact that the storage receipts of the North Dakota Wheat Growers asso- ciation are protected by a blanket bond issued by the Hartford Sure- ty Company further enhances their value as security for loans, and thus the credit of the association has been thoroughly established and banking institutions recognize the soundness of the movement and the collateral .it has to offer. BANKERS BACK POOL MOVEMENT Orderly Marketing Means Or- derly Finance and Stable Credits The Standard marketing con- tract has the endorsement of banks everywhere. The American Bank- ers’ Association and a dozen state bankers’ associations have encour- aged co-operative marketing by special resolutions. Their members have aided in scores of’ cases. The War Finance Corporation has extended credits of more than $250,000}000 to associations oper: ating under the standard market- ing contract. The story of the help which Kentucky bankers give the tobacco growers reads like a novel of adventure. Those farmers pur- chased $7,000,000 worth of ware- houses in ten days, without calling on members for a single nny, They -were able: to: borrow all they needed. The president of the largest bank in Kentucky, James Brown, declar- fa tbat fe ould lend ie eel limit 0! e . ige KR. - Bingham wee ‘ibed. SPIE ods ai several county banks offered to lend the legal limit of their resources. From that moment, it took two stenographers to take the sub- scriptions to the warehouse loan. They finished with $5,000,000 and only needed $3,000,000. California banks have rendered the same kind of support to co- operative associations. John S. Drum, president of 'the Mercantile Trust Company of California, said: “We have from time to time provided a total of many milli of dollars to finance activiti co-operative marketing associa- tions.” i The National City Bank of New York sent one of its, vice-presidents to meet the leaders of California co-operatives. is errand was not to get the association’s account; he went only to ask them to borrow from the National City Bank in- stead of from the War Finance Corporation. The banks of the South support the cotton growers associations j as strongly. After the war Finance Corporation agreed to loan millions of dollars to help the cot- ton growers associations, southern bankers made the loan unnecessary by furnishing the money them- selves. One of the first reasons for port, of pool associations by bank- ers’ is that their crop mortgages are made safer. Co-operatives rule that crop mortgages are prior liens and protect them rigidly, re- mitting directly to the bankers his equity in the crop. Another ‘reason bankers strong- ly endorse co-operative marketing, is that it increases deposits. The average price that all farmers get is better whether they are members of the association or not, and what- ever means more money for the community, means more money for ‘the banker. The ord marketing system orderly finance and that means greater stability in the credit sys- tem. ‘It avoids the ups and downs which hurt’ the banks as much as they hurt the farmer. Orderly. marketing puts more money into the hands of more peo- Profits go down ta the farm- er instead of to the speculator. In other words, there is a division of returns, over a larger number of people and consequently more buy- ing. All of this means increased business to merchants and bankers and explains their unlimited sup- port. ‘ Merctondi Your Whea Those who have quality cream to sell will be benefited by shipping us their cream as we-needa ‘high quatity cream ‘for our Capital City Butter. We are headquarters. for clarified and pasteurized milk:and cream of: highest quality. We will-appreciate: your orders for milk and cream, butter and strictly fresh eggs. Yours for Quality.and Service. f : F aches e ; ~ Modern Dairy ee ne ee ten 2 Company -Phone:$80,.. oe “THE BISMARCK CATTLE LIKE ‘FOOD FLAVORED EXPERTS FIND And Prairies: Provide 200 Spe- cies of’ Plants Flavoring Food For Them EXPERIMENTS REPORTED Feeding Trials Experiment Is Conducted at Great ’Plains Station, Mandan Fargo, N. D., June 7—Cattle graz- ing on the prairies of the plains states like their feed flavored and nature provides it by furnishing more than 200 species of plants which flavor the food of the steer or dairy cow. Of the more than 250 species of plants at.the Northern Great Plains field station at Mandan, less than a dozenyplay an important role of supply “grazing needs, says Profes- sor J. H. Shepperd of the North Da- kota Agricultural college, who is representing the college in the ex+ perimental work done in the pas- tures of this station. i The four species of grasses that do most toward putting a growth and meat on the steers are needle grass, nigger wool, western prairie sedge, and blue gamma grass. The other 246 species serve to supply a variety of flavors to grazing cattle and may have some value as appe- ti in addition to the nourishment which they supply. One species serves the same pur- pose which a red signal does to the engineer of a railway locomative. This species, known as pasture sage, waves its “graceful, silvery: branches in every over-grazed pasture as a danger signal to the owner that the grass is getting too short. Blue. gamma grass, which consti- tutes one-third of the grass popula- tion of the pasture, responds to fre- quent clippings better than any other species while needle grass is killed by close clipping at intervals of 10 days. Needle grass constitutes th of the growth in the pas- tures. In the pastures that have been over-grazed the needle grass supply is being greatly reduced, Feeding Trials In the Mandan feeding trials a rotated system of pasturage has been used and for this purpose the fields have been divided into various pastures of the following sizes: one 30-acre, one. 50-acre, one 70-acre and one 100-a Each of these pastures has been grazed by 10 standard weight two-year old steers annually. The 30-acre pasture, which allows three acres grazing to each steer, is severely -overgrazed, *Mr. ~Shepperd THE... Hoover beats as it sweeps as it cleans ‘What are you going to you buy? That it be a winner of medals? in the-world! of its prize winnings. basis of its, efficiency. TRIBUNE reports, as it is not large enough to carry the cattle for five months. “The 50-acre pasture,” he says, “grazed at the rate of five acres to | the steer, is not large enough to allow the cattle to make maximum gains per head, This pasture also | is overgrazed. The 70-acre pasture, | grazed at the rate of one steer to| Seven acres, provides approximately | the area of land required to produce | maximum gains per head, while the 100-acre pasture allows more feed | than is necessary for the ten cattle | pastured upon it. “The system of deferred and ro- tated grazing allows for periods in| which part of the land nmay be rest- ed while the cattle are eating the grasses in the other pastures.” Under such .a system Mr. Shep- perd hasgfound that between four and five acres is required as graz- ing for the average steer and that this amount and system allows the maximum use of the pasture grasses without the injury to the pasture that would result. from overgrazing. istures are hurt, Mr. Shepperd says, by too early grazing in spring, by too contimmous grazing and by overgrazing, all features which can be controlled. The Experiment An interesting joint in the experi- ment, according to Mr. Shepperd, is the difference between the distances walked by the steers in the various pastures. In the 30-acre pasture and the 70-acre pasture the steers aver- aged a one and five-eighths mile walk per day; in the 60-agre pasture two und one-fourth miles per day in the 100-acre pasture each steer walked an average of three and one- sixteenth miles per day. Young stock cattle in a 640-acre pasture near Youngstown’ travelled five and one-half miles per -day, The total gain per acre has been highest in the rotation pasture. In the rotation pasture the grass is al- lowed to make its full growth during a portion of the seasons before it is grazed down, which seems to add its vigor and for that reason to the aura of forage which its sup- plies. The quantity of the foliage cover annually removed by grazing varies on the average from 51 per cent in the 100-acre pasture to 98 per cent in the 30-acre pasture. In order to avoid injury to the vegetation under a system of continuous grazing, from 15 to 25 per cent of the foliage cover must remain on the pasture at the close of the grazing season. A great- cr utilization of it may be made un- a stem of deferred and ro- an pasture will be visit- ed June 19 by stockmen and farm- ers who are making the tour through the grazing trial. If so, you may be interested to know that no clec- ‘tric cleaner ever won: awards or medals over The Hoover where The Hoover competed! Also, it can truthfully be said that The Hoover has won fore first awards than any other electric cleaner ask of the electric cleaner It is significant, however,‘that The Hoover attained leadership in its field without mention ever being made The million three hundred thousand women who ‘given it their preference have done so purely on the They valued most the fact:that The Hoover- BEATS . .. . as it Sweeps, as it Cleans—in itself, conclusive proof of superiority. ne Tobe able to beat their rugs' regularly, on the floor, and dislodge, ‘as only bearing will, the deeply embed- ded, nap-cutting, germ-laden dirt; To.he..able.to.sweep their rugs thoroughly, as no broom can, and to air-clean them; To do all these things dustlessly, ine one operation ; sto:save time and:labor and make “their rugs wear many years Jonger— them! The Hoover a ‘Trial? "These’are ‘the things they’ asked of their electric cleaner! -And:they bought a Hoover in order to obtain “Knowing that these are facts, as you do, can you conscientiously buy any cleaner until you have given Perry Furniture Com Furniture and Undertaking. Bismarck, Le BR any arain Exchanges Are Affected The campaign for the or- ganization of the wheat pools is beginning to have its effect on the grain markets. Board of Trade men have persistently denied that co-operative mar- keting can affect the price levels of wheat, but the follow- ing quotation from the market page of the Chicago Tribune Contradicts the Board of ‘Trade attitude, written by for many reporter having its effect on wheat values, although few traders realize this, They know that the market run does not act in accord with the gen- eral run of ne as in recent year: and those who _ have analyzed the situation closely __are convinced that there is | invisible influence which is a | tributed to the operations the various Bismarck Physico- Electronic Laboratory s Block, Bismarck, N. D. The late Dr. Albert Abrams advanced the theory that every disease ha particular vibra- tions, and, if counter vibratio! of the same intensity ot in motion they would destroy the lisease, Dr. Abrams machine was nev- er patented, and for this reason duplicates and improvements on his electronic machine are on the market. Dr. Eng of the different selected and insta and most Machin er careful study machines has ed the latest scientific Blectronic on the market, 1 D. C. Ph. C. Lucas Block, Bism Phone 260 “Non-Skid” Stays Will not permit the sup- porter to wrinkle or lose it’s shape, or allow stays to chafe or irritate the body by coming through, thus assuring comfort and giv- ing perfect s ction to the wearer. Cowan’s Drug Store have fitted up a special room for serving the trade in and around Bismarck. Have in stock Abdominal, Maternity and post operative belts, and are making a speciality of fitting trus and arch supports. Sepapamear wept my mrisuater en's Comfort Balloon Tires The COMFORT is a true Balloon tire de- signed to fit your present rim. The greatly increased air space and flexible walls re- quire half of the air pressure of the ordi+ nary cord tire. Michelin Comfort Balloon Tires Make motoring a comfort, and reduce cost of car upkeep. Let us explain to you the economy and in Michelin Balloon tires. Lockwood Accessory Co. 800 Main Street. Phone 187. TEXACO GAS OPEN ALL NIGHT pincer We Please When Others Promise We recommend cylinder regrinding to give your motor more power and pep and more mileage on a gallon of gas. na Sbbter WE ALSO REBORE AND REAM But we also do reboring and reaming for those who prefer, and for this work we have a portable POWER- DRIVEN machine that enable us to do the job without removing the cylinders from the LTV MAMTE LTT otters BETTER THAN NEW We replace stripped fly wheel starter gears with sel gears which will outlast the rest of the car, and in most cases cheaper than the new wheel. We carry a full line of standard and over-size pis- tons, wrist pins and American Hammered piston rings. Porte Modern 921 Front Street. Bismarck, N. D. i ms TRIBUNE WANT ADS BRING RESULTS A e iy e ° i ft el me Bring Your Building Problems to Us We offer our experience and advice to those who consider build- ing, and are only too glad to give our time if you will.give us the opportunity.’ We have a splendid stock of carefully selected build- ing material, priced so that you can afford:to build at:this time. F. H. Carpenter Lumber Co.