May 23, 1928 • 



>S SERIES 



:nces for 

 elevators 



itiDg Body 



I ant to Talk 

 non Problem* 



r problems will 

 when representa- 

 ives of a number 

 )f elevators gath- 

 er in district con- 

 erence soon. 



Geo. R. Wicker, 

 general manager 

 >( tbe Illinois Ag- 

 icultural Co-op- 

 'ratives Assocla- 

 ion and coopera- 

 i V e accounting 

 lirector of the 

 llinois Arglcul- 

 jrial Association, 

 innounces that 

 iltural Oo-opera- 

 arranging a dis- 

 ith the farmers' 

 s and Ford and 

 ) be held at Wat- 

 central point in 



May 27. Man- 

 of farmer's ele- 

 ike up the com- 

 3nt8. 



ice subjects of 

 Ith reference to . 

 ms will be pre- 

 d. The I. A. C. 

 lies of compara- 



II form another 

 ■ence. The con- 

 ned to organiza- 

 nbers of the co- 

 )ody. The invl- 

 ide open to all 

 desiring to be 



nilar conference 

 ifflcers and man- 

 }ck shipping as- 

 samA territory, 

 ised will include 

 counting system 

 by the Illinois 

 ratives Assocla- 



t of a series of 

 is proposed to 

 uring the year 

 interest is indl- 

 e time and ex- 

 :ording to Mr. 



I li L I 



ULTUMAL 



■HISS MARY G. BURwAGH. LIBRARIAN. 

 COLL'i:Gt OF AGRICULTURE. 

 mm'R:^^ OF ILLINOIS, 



luaH:.'Ar 



Volume 3 



luued Every Other Saturday for 63,000 thinking Farmen — June 6, 1925 



No. 11 



[TAZEWELL BUREAU 

 MAKES SUCCESS OF 

 CAR INSURANCE PLAN 



Jo«epli Morris, 

 PTcald«Bt 



1. A. C. A. now 

 co-ops. The last 

 In are the Piatt 

 m Bureau, the 

 mers. Elevator, 

 the Pearl City 

 Coal Company, 



asked, to give 



at the Grain 



rse to be held 



illege at Ames, 



une 6th Inclu- 



gram for the 

 miction on the 

 mces merchan- 

 kets, manage- 

 nd accounting, 

 asked to speak 

 le Federal Rev- 

 s to Farmers' 

 counting for 



OPENS 



is on. Farm 

 actlcing. OW- 



farm bureau 

 let No. 4 com- 

 Pazewell, and 

 drawn up 



^ >*<un>ers' Automobile Ins. Assn. 

 Now Has 1,075 Cars Under 

 Its Wing; Spreading Rapidly 



It you were to take a bird's eye 

 piew of a map of Illinois — a map 

 about as large as 

 the side of a fair- 

 sized barn — and 

 if every county 

 Farm Bureau 

 had pinned a 

 placard to its 

 county telling Its 

 services to farm 

 bureau members, 

 you would see a 

 great variety of 

 activities ranging 

 all the way from 

 the distribution 

 of patent sealers 

 for home can- 

 ning to poisoning ground hogs. 

 Somewhere between these two 

 ■ 'Possible extremes lies that realm of 

 service where farm bureau mem- 

 bers' automobiles are Insured 

 against those unpleasant dictates of 

 fate from which most automobile 

 drivers seek protection. 



This kind of service has devel- 

 oped and Is developing further in 

 Tazewell county, where in April of 

 1921 the Farm Bureau saw the pos- 

 sibilities of saving money for mem- 

 bers on their automobile insurance 

 and straightway formed a farmers' 

 company under the wing of tbe 

 Farm Bureau. 

 Grew On Ration of Conservatism 

 It was named "The Farmers' Au- 

 tomobile Insurance Association." 

 From a modest start It has grown 

 upon a ration well mixed with con- 

 servatism until now it has approx- 

 imately 1,075 cars insured In Taze- 

 well county and has expanded 

 .^across tbe county borders, with the 

 consent of their neighbor Farm Bu- 

 reaus, to the extent of about 200 

 cars In Mason county and 50 In 

 Woodford. Stark. County Farm Bu- 

 reau is taking up this Insurance for 

 its members, which means further 

 extension for the Tazewell county 

 t organization. 



One fundamental requirement is 

 that no car or truck shall be in- 

 sured in the company unless its 

 owner Is a member of the Farm 

 Bureau. 



When the company started, the 

 farm adviser at that time became 

 the attorney-in-fact of the company, 

 which was Incorporated as a recip- 

 rocal company upon an Interinsur- 

 , ance basis which is similar to that 

 of mutual companies. The first 

 1»oard of directors and the men re- 

 sponsible for establishing the com- 

 pany are as follows: R. B. Orn- 

 dortf (then farm bureau president), 

 .< Ralph Boyle, J. L. Schwartzentraub, 

 W. F. Donley, Wm. Freitag, John 

 Betzelberger and Geo. B. Muller. 

 Under the guidance of these men 

 the attorney-in-fact company was 

 set up strictly as a service to farm 

 bureau members. Now that the 

 company Is over four years old, It 

 is of Interest to those who are keen 

 on knowing something about the 



-•I 



' 'j various kinds of service possible to 

 I be 



Tazewell at 

 Tazewell vs. 

 May 30, Pe- 



Ju°^af" p'^ui"^ ■' ""^ rendered by a farmers' organiza- 

 m•,^7„^f^ J ; ' 'l "°° to farmer-members, to survey 

 n iwhI J """'^"y the status of the insurance 



• ^ ^- ' { company at the present date. 



I. , t Membership Steadily Growing' 

 I If you talk to Joseph Morris, the 

 rshall-Putnam. ''l P''esent president of the Tazewell 

 tnam vs. La^ * County Farm Bureau and by virtue 

 *j of that office also president of the 

 .j Insurance association, he can tell 

 •j you what the people in his county 

 I and in the territory acquainted with 

 Sethis -phase of the farm bureau's cat- 

 J legory of services, actually think of 

 •^ 'I the farm bureau's automobile in- 

 fsurance proposition. 

 J What they think of it is reflected. 

 ,t as President Morris sees it, in the 

 I steady and constant growth In mem- 

 f bershlp. Also the Insurance feature 

 I (CoDtinued on page 4, col. 3.) 



"1 



le up as fol- 



V8. Marshall- 

 La Salle TS. 



Bureau has ^ 

 r against com 

 rator has had 



tested by tjnf 

 48 demonatr^- , 



an average 

 free seed corn 

 ed seed. Rec- • 

 accurately se- 



addltion, seed 

 1 will be held 

 ns early next 

 esirable stalks ^ 



"SAM" THOMPSON AND "BILL" JARDINE 



f^RESlDE^T THQMPSON was interested in the "omeryness" of the weather when Secretary Jardine visited the 

 ■* /. A. A. office IqsI week and while posing for the photographer told the Secretmy of the heavy damage of the re- 

 cent frost in Illinois: "Our Sam" is particulwly interested in the region around Quincy, his home, where frost made 

 it necessary for him to htirry home from legislative work at Springfield to help his sons replant corn. He is shown 

 pointing out the frost areas. 



"The department of agriculture has charge of the weather forecasts," the Secretary said, "but do you know, even 

 the government can't control it!" 



Farmers' Elevator Books 

 Compared by I. A. C. A.; 

 Find Common Trend in All 



That comparisons of books 

 of farmers' elevators and other 

 co-operatives may prove a fruit- 

 ful source of information to 

 guide the financial course of new 

 co-operative organizations, is the 

 opinion of Geo. R. Wicker, I.A.C.A. 

 manager and I. A. A. co-operative 

 accounting director. 



The I.A.C.A. has just completed 

 a tabulation of the financial condi- 

 tion and operation of 31 farmers' 

 elevators. Among the significant 

 facts revealed by the comparison, 

 states Mr. Wicker, were figures to 

 show that the cost of goods sold, 

 including grain and merchandise, 

 represents |95.29 for each $100 of 

 sales. The average operating prof- 

 Its are indicated at 13.25 on each 

 $100 of sales. Interest and other 

 Incidental expense show an average 

 of 68 cents tor each $100, while 

 the average net profit Is 78 cents on 

 each $100 of sales. 



Data Reveal Much 



"Analylsis," says the I. A. C. A. 

 bead, "shows accounts receivable 

 to be $31.21 on each $100 net 

 worth. For the 31 elevator co-opb 

 studied, 87.12 per cent of the sales 

 are grain sales while 12.88 per cent 

 represents the merchandise sales. 

 The average gross margin of profit 

 in the grain-trading operations was 

 shown to be 3.51 per cent of sales, 

 while merchandise trading showed 

 an average gross margin of 12.76 

 per cent of merchandise sales. 



"This is the first analysis of its 

 kind made by the I. A. C. A.," states 

 Mr. Wicker. "It is hoped that simi- 

 lar compilations will be prepared 

 after tbe close of June 30 and De- 

 cember 31 of each year, covering a 

 large number of elevators. We 

 hope, too, that eventually percent- 

 ages will be established which may 

 be accepted as standard for the pur- 

 pose of comparison." 



Another Non-Member 



Joins Farm. Bureau 

 On Claim Settlement 



What to do when confronted 

 with overctiarges on railroad 

 shipments? 



Tell it to the I. A. A. trans- 

 portation department! 



The I. A. A. has Just won an- 

 other loyal memtier to its force 

 of "63,000 thinking Farmers." 

 ThU time it is Walter FoUett, 

 of Tonica, IiaSalle county. 



Walt wasn't a (arm bureau 

 member bnt had two grievances 

 against as many railroads. 

 Some thoughttnl (arm bureau 

 neighlrar, or maybe it was the 

 I. A. .\. RECORD that (ell into 

 his luuids — gave him the urge. 

 He had suffered an overcharge 

 o( $27.60 on a shipment o( 

 stock cattle from South Dakota, 

 and another overchiu^e o( 

 $5.10 on a shipment o( the hogs 

 from the same state. 



He took it up with the Lia- 

 Salle County Farm Bureau and 

 W. W. McLianghlin, the (arm 

 adviser, promptly re(erred tiim 

 to the I. A. A. transportation 

 department. The claims were 

 filed with the proper railroads 

 and sncessdiUy negotiated in 

 lH>th cases. The iS5 per cent 

 conunlssion due the I. A. A. 

 would have amounted to $8.17, 

 but Walt thought twice, Joined 

 the Farm Bureau, and was 

 saved pajing the commission. 



Walt now wears a big grin, 

 thanks to I. A. A. efforts. "Vm 

 (or the Farm Bureau," is his 

 song. 



Ob« kvBdrcd Pike enmmtj farmers 

 have Binned with the Pike County 

 Farm Bureau to improve the aeed 

 corn of the county by the prevention 

 of stalk, root and ear rot. It is ex- 

 pected that 150,000 ears of seed corn 

 will be tested in the Farm Bureau 

 onlce before plantingr time. 



Corn demonstrations will be fea- 

 tured by Iroquois County Farm Bu- 

 reau this season. 



DaaaM 

 KIrkpatrIek 



Stipulation Before l.C.C. 

 Slops Merger's Stock Sale 

 In Illinois 'Till July 28 



No stock of the $26,000,000 

 grain merger, the Grain Marketing 

 Company, can be 

 sold npr offered 

 for sale In Illi- 

 nois between now 

 and July 28, in 

 accordance with 

 a stipulation en- 

 tered into In pro- 

 ceedings before 

 the Illinois Com- 

 merce Commis- 

 sion and signed 

 June 1 by Don- 

 ald Kirkpatrick, 

 I.A.A. legal coun- 

 sel and Mayer, 

 Meyer, Austrian 

 and Piatt, counsel for the Grain 

 Marketing Company. 



Hearings will begin after this 

 date If the merger goes through, 

 according to Mr. Kirkpatrick. 



Chairman Frank L. Smith of the 

 Illinois Commerce Commission sug- 

 gested the stipulation after repeat- 

 ed continuances had been asked for 

 by the Grain Marketing Company 

 and some facts had been presented 

 by the Illinois Agricultural Asso- 

 clatiob. July 28 is the date when 

 the property and leaseholds of the 

 vendor companies brought into the 

 merger are supposed to be turned 

 over to the Grain Marketing Com- 

 pany in return for $4,000,000 of 

 cash expected to have been derived 

 trota the sale of stock to farmers. 

 Little stock baa been sold in Illi- 

 nois. 



No Farmer Sup|M>rt 

 Prospects for completing the 

 merger are considered negligible 

 since tbe farmers of the country 

 have not been induced to buy the 

 stock as. was anticipated by the 

 promoters. Meetings have been 

 held in ''Washington in an effort by 

 Grain r Marketing Company officials 

 (Cootinued on p»at i, col. 3.) 



JARDINE VISITS I. A. A. 

 ' OmCE AND LEAVES 

 BOUQUETS WITH US 



Secretary o f A^culture S a y t 

 Condition* Have Improved 

 Over Five Ye«r» Ago, But 

 There Are StiU Mony Pr«*- 

 IcoM to Hurdle 



-Amt-rica's foremost agricultural 

 spokesman — Secretary of Agricul- 

 ture, Wm. M. Jardine — was a visi- 

 tor at the I. A. A. office last week 

 when he 8toppe<^ off at Chicago (or 

 two days as a pnl of bis six-week's 

 tour of the Middle West and West 

 Where, as he said, he is "tourioK 

 his workshop." 



After spending tbe better part 

 of the forenoon at the I. A. A. office 

 getting acquainted with President 

 Thompson. Secretary Fox, Treasur- 

 er Cowles and directors of depart- 

 ments and inspecting the general 

 office, he said to an Associate Press 

 correspondent after leaving, that he 

 was much impressed with the Illi- 

 nois Agricultural Association and 

 that "the personnpl and facilities 

 of the I. A. A. are of such a char- 

 acter to make Its service of great 

 value to the farmers of Illinois. 

 I have never seen anything like It 

 — anywhere." 



In connection with his visit, the 

 Secretary made the following state- 

 ment for Illinois farm bureau mem- 

 bers: 



"For a number of years I have 

 been following with a great deal o( 

 interest and approval the excellent 

 contribution which county Farm 

 Bureaus and the Illinois Agricul- 

 tural Association have made to the 

 welfare of fanners In this state. 

 We look upon the agricultural sit- 

 uation today as improved over what 

 it has been in the past five years. 

 However, we must recognlie that 

 there are certain fundamental prob- 

 lems which must be solved be(ore 

 agriculture can be said to be on a 

 satisfactory basis. 



"The I. A. A. has an enviable 

 record in the state and the nation 

 and is materially assisting In the 

 solution of these prol>lems. It is my 

 hope and my feeling that it will go 

 on and on in the interests o( Illi- 

 nois farmers." 



PROSPECTS BRIGHT 

 FOR WHEAT POOL IN 

 SOUTHERN ILUNOIS 



Conferences at Mt Carmel and 

 Robinson Consider Advis- 

 ability of Marketing Project 



Prospects are bright for Illinois 

 farmers who grow soft winter 

 wheat in the counties adjacent to 

 Indiana along the Wabash joining 

 with their neighbor farmers of Indi- 

 ana in marketing their wheat co- 

 operatively through the pool of the 

 Indiana Wheat Growers' Associa- 

 tion, according to H. E. Goembel, 

 chairman of the grain marketing 

 committee of the Illinois Agricul- 

 tural Association following a meet- 

 Inc at Kobinson recently. 



The meeting in Robiiison was the 

 second meeting called by the Illi- 

 nois Agricultural Association for 

 consideration of the possibilities of 

 some kind of a grain marketing 

 plan for this soft wheat area, tbe 

 first having been at Mt. Cannel the 

 previous day. Farm bureau repre- 

 sentatives, many of them the larg- 

 est soft wheat growers in tbis part 

 of the state, attended the meetings, 

 the following counties being repre- 

 sented: Crawford, I^wrence, W^a- 

 bash, Edwards, White and Gallatin. 



In t>oth meetings, the decision 

 was made at the close to further 

 consider the advisability of joining 

 the Indiana pool by each county 

 Farm Bureau, several of them call- 

 ing special board meetings since If 



(CoatiDucd on pAfr i, ool. 2.) 



k 



