118 DEEP FURROWS 



elevator men in the Exchange and that these twelve 

 men agreed so well that they allowed one of their 

 number to send out the price which should be paid for 

 wheat for the day. 



The Committee on Agriculture promised to consider 

 > the requests and later, when they met to do so, members 

 of the Grain Exchange attended in force to present 

 their side of the case.^They claimed that a great deal 

 of the trouble existing between the producer and the 

 Grain Exchange was due to misconception of the 

 Exchange's methods of action.^ The Exchange was only 

 a factor in the grain business and under their charter 

 they were allowed to make by-laws and regulations, 

 these being necessary in such an intricate business as 

 handling grain. 



The wiring of prices to country points was done by 

 the North- West Grain Dealers' Association, which had 

 I j nothing to do with the Exchange but was a distinct and 

 [ij separate organization for the purpose of running 

 elevators at country points as cheaply as possible. The 

 highest possible prices were quoted and the plan was 

 merely to avoid duplicate wiring. 



The grain men claimed that it was impossible to 

 handle the wheat of the country unless (|utures}were 

 allowed while to carry on its business properly the 

 Exchange must have the power to say who should be 

 members and otherwise to regulate its business. If the 

 producer was getting full value for his wheat why 

 should the Grain Exchange be interfered with ? 



The Exchange was willing that its membership should 

 be extended. Their books always would be open to 

 Government inspection in future and they would also 

 repeal the rule regarding track-buyers 7 salaries. The 

 press was already admitted and it would be found that 



