the date of the general meeting at Moose Jaw--an
additional twenty-one "locals" were ready. Thus they were able to
start with forty-six units, representing $405,050 capitalization with
8,101 shares held by 2,580 shareholders.
The newly-elected directors[2] proceeded forthwith to let contracts for
forty new elevators, standard type of thirty and forty thousand bushels
capacity with cleaning machinery and special bins. Six existing
elevators were purchased.
The Grain Growers' Grain Company agreed to act as selling agents for
this new baby sister and wide-spread interest became manifest as the
Grain Growers took another step into commercial circles.
[1] See Appendix--Par. 8.
[2] See Appendix--Par. 12.
[3] See Appendix--Par. 12.
CHAPTER XV
CONCERNING THE TERMINALS
I have but one lamp by which my feet are guided; and that is the lamp
of experience. I know no way of judging the future but by the
past.--_Patrick Henry_.
With the establishment of co-operative elevators for the storing of
grain at interior points the farmers of Western Canada launched out
upon the greatest experiment in co-operation this continent has seen.
The success of these elevators, owned and controlled by the farmers
themselves, in all probability would evolve the final phase of internal
storage in connection with the Canadian grain fields.
Co-incident with their agitation for government ownership of elevators
at country points, the farmers were urging upon the federal authorities
the desirability of government control and operation of terminal
storage facilities. It was not enough that the Provincial Governments
of the Prairie Provinces should protect the farmers within their
boundaries; for the terminal storage of grain was a part of the system
and the farmers contended that corporation control of the terminals by
grain dealers was leading to abuses and manipulations of the grain that
were not in the best interests of the country.
Grateful as they were, therefore, for the efforts to improve early
conditions by legislation, it was the opinion of the Grain Growers that
these contraventions of the Grain Act would be prevented only by
acquisition of the terminals by the Dominion Government. Mere
legislation and supervision by the Government would not provide an
effective remedy.
At the head of the lakes the grain passed out of the control of the
transportation companies into the hands of the grain dealers; it was
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