\i 



Qectriiication Co-op. 



Starts Building Soon 



(Continued from page 8) 



The construction work will include a 

 sub-station to be located one mile south 

 of the Lake Springfield bridge on route 

 66 in Sangamon county. The Associa- 

 tion expects to have plans and specifica- 

 tions completed for the second unit of 

 the project before the first part is com- 

 pleted. Plans and specifications for the 

 project were drawn by Young and Stan- 

 ley, Inc., engineers at Muscatine, Iowa. 



A similar project has been organized in 

 Menard county where enough rural cus- 

 tomers have been signed to comply with 

 requirements of the Rural Electrification 

 Administration. The Menard Electric Co- 

 operative let its contract on Dec. 4 

 for 120.1 miles of line, reports Farm 

 Adviser L. W. Chalcraft. 



The Illinois Agricultural Association 

 has been called in for consultation fre- 

 quently by Farm Bureau committees on 

 technical, legal and other problems. Paul 

 E. Mathias and G. W. Baxter of the 

 lAA have met with local committees, 

 engineers, and R.E.A. officials a number 

 of times. 



The board of directors of the Rural 

 Electric Convenience Co-operative is as 

 follows: E. C. Keplinger, chairman; Vir- 

 den, Sangamon county; Fred W. Harms, 

 vice-chairman, Chatham, Sangamon coun- 

 ty; George Slomon, secretary-treasurer. 

 Pawnee, Christian county; Ernest Davis, 

 Pawnee, Sangamon county; Joe Dowson, 

 Auburn, Sangamon county ; Lester Miller, 

 Girard, Macoupin county; Otto Otten, 

 Modesto, Macoupin county ; Elmer 

 Lowry, Loami, Sangamon county; Mr. 

 Simons, Farmersville, Montgomery coun- 

 ty- 



GRAIN 

 MARKETING 



( —, OME six years ago the Illinois 

 ^^3^ Grain Corporation was set up 

 \^^y by leading Illinois grain pro- 

 ducers as a regional marketing organ- 

 ization to handle grain for member 

 farmers elevators at the terminal mar- 

 kets. 



Stock subscriptions were solicited 

 from local co-operative elevators to 

 launch the new marketing agency. Many 

 an elevator board after thoughtful con- 

 sideration voted to go along, subscribed 

 for stock. 



"Too bad to take all that money 

 away from successful farmers ele- 

 vators," said hirelings of the grain trade 

 retained to fight the new farmer co-op. 



Conco Press Mandota, LaSalle county, III., 

 whara \J<J^ RECORD !s printed. 



"The money will all be lost." 



At a series of stockholder meetings 

 held by Illinois Grain in recent weeks 

 every penny subscribed by farmer ele- 

 vator members was paid back plus ac- 

 cumulated dividends at 7 per cent. The 

 distribution was made as a result of the 

 refinancing program .worked out by the 

 Farm Credit Administration for 

 Farmers National Grain Corporation 

 and its regional members. 



Not only has Illinois Grain Corpora- 

 tion paid seven per cent dividends on 

 the money put in by its member grain 

 companies from the beginning, but also 

 it has paid a number of patronage 

 dividends. The Ransom elevator in 

 LaSalle county, for example, invested 

 $1664.00 cash for Illinois Grain Cor- 

 poration stock. During the past six 

 years it was paid seven per cent annu- 

 ally on this stock — received a total 

 of $1156.82 in stock dividends. At the 

 Mendota district meeting, the Ransom 

 elevator got back the $1664 that were 

 originally invested, plus $140 in pre- 

 ferred stock dividends for '36. In ad- 

 dition, during this period, it has re- 

 ceived a total of $1199.28 in patronage 

 dividends, a total of $2356.10. 



Similarly the Beason elevator in 

 Logan county which invested $1560.60 

 not only got back 100 per cent of its 

 original investment, but also a total of 

 $3557.26 in patronage and preferred 

 stock dividends. 



The Farmers Co-operative Company, 

 Colfax, McLean county did even bet- 

 ter than these. Subscribing for 12 

 shares of preferred stock at $100 for 

 which no cash investment was made the 

 company from '33 to '36 received stock 

 dividends of $252 and patronage divi- 

 dends of $1236.42, a total of $1515.42. 

 Similarly Graymont Co-operative As- 

 sociation without any investment but a 

 stock subscription of 14 shares received 

 $357 in preferred dividends and 

 $1671.49 in patronage dividends — total 



OFHCIAL NOTICE 

 of Annual and District Meetings 

 of Illinois Livestock Market- 

 ing Association 



This is to notify you that district 

 meetings of the Illinois Livestock 

 Marketing Association will be held 

 in accordance with the following 

 schedule for the purpose of nominat- 

 ing a director from each of the ten 

 districts throughout the State, for the 

 consideration of the livestock market- 

 ing program, and for the transaction 

 of such other business as may properly 

 come before such district meetings. 



This is also to notify vou that the 

 annual meeting of the Illinois Live- 

 stock Marketing Association will be 

 held in the Ball Room of the Pere 

 Marquette Hotel, Peoria, Illinois on 

 February 19, 1937 for the purpose of 

 hearing reports of the management, 

 election of directors and for the trans- 

 action of such other business as may 

 properly come before the meeting. 

 ILLINOIS LIVESTOCK 

 MARKETING ASSOCIATION 



Ray E. Miller, 

 Dec. 20, 1936 Secretary-Manager 



$2028.49. In like manner have other 

 member elevators profited by co-opera- 

 tion. 



Since its organization Illinois Grain 

 with Farmers National Grain Corp. co- 

 operating have consistently supported 

 the market for grain and soybeans, 

 furnishing the competition that made 

 old line grain companies pay more than 

 they might have were there no co-oper- 

 ative in the field. 



"Any genuine anempt to lessen the 



evils of tenancy must attack a whole 

 complex of things — our land tenure 

 system, our traditional attitudes toward 

 land ownership and land use, and the 

 instability of farm income, as well as 

 the simple problem of providing credit 

 on reasonable terms." — Henry A. Wal- 

 lace. 



$309,000,000 worth of farm supplies 

 was distributed through farmers' co- 

 operatives last year. Nearly half of this 

 business was done by 105 large-scale 

 organizations operating through small- 

 er subsidiaries, the Farm Credit Ad- 

 ministration reported. 



The lAA and associated companies 



now occupy 31,024 square feet of office 

 space as compared with 21,351 feet last 

 year. .-■,._ r . ;■•..;/:.,.. 



12 



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L A. A. RECORD 



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