CHAPTER XXVII. 



THE AMERICAN CHEAP TRANSPORTATION ASSO 

 CIATION. 



THE GRAIN GROWERS TRANSPORTATION AND LOAN ASSO 

 CIATION. 



Subsequent to the first convention at Bloomington, Illinois, 

 there was a meeting held in New York City, at which was 

 formed the &quot; Grain Growers Transportation and Loan Asso 

 ciation,&quot; a grand co-operative scheme, whose capital was 

 placed at $10,000,000, in 200,000 shares of $50 each. It 

 was organized under the laws of the State of New York, with 

 a numerous Board of Trustees, as follows : E. R. Shankland, 

 President Iowa Agricultural Society ; John Scott, Ex-Lieu- 

 tenant-Governor, S. B. Dumont, and John Grinnell, all of 

 Iowa; 0. P. Whitcomb, Wm. L. Ames, and Charles A. 

 Wheaton, respectively, President, member of Executive Com 

 mittee, and Treasurer of the State Agricultural Society of 

 Minnesota; B. R. Hinckley, President, and Wm. R. Taylor, 

 member of v the Executive Committee, Wisconsin Agricul 

 tural Society; Edward Pier, of Wisconsin; Henry C. 

 Wheeler, Commissioner of Statistics Illinois Farmers Con 

 vention ; Aaron T. Bates, and Carlos Glazier, of Illinois ; 

 Samuel Edwards, President Illinois Horticultural Society, 

 and Samuel P. Adams, Michigan. 



It was thought that farmers would subscribe liberally, 



(317) 



