INTERNAL ELEVATORS 179 



organization, having fulfilled the requirement of the 

 Act that twenty-five " locals " be first organized, and 

 by July 6th 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, repre- 

 senting $405,050 capitalization with 8,101 shares held 

 by 2,580 shareholders. 



The newly-elected directors* proceeded forthwith to 

 let contracts for forty new elevators, standard type of 

 thirty and forty thousand bushels capacity with clean- 

 ing 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. 



*See Appendix Par. 12. 



