EXECUTIVE COMMITTEE AT WORK. 159 



CHAPTEE XIV. 



BUSINESS OPERATIONS AND-ORGANIZATIONS. 



AGENCY ESTABLISHED IN SAN FRANCISCO MB. A. F. WALCOTT APPEARS FOB E. E. 

 MORGAN S SONS FIRM ENDORSED BY PROMINENT HOUSES AGREEMENTS AND PRE 

 CAUTIONSSTATE AGENT COMPETITION PRODUCES BETTER PRICES SAVINGS OF 

 THEFiEST YEAR GRANGERS BANK MEETING ORGANIZATION DAIRY AGENCY 

 STANISLAUS SAYINGS AND LOAN SOCIETY WAREHOUSE AT MODESTO DAVISVILLE 

 GRANGE INCORPORATES COLUSA COUNTY BANK WATERFORD WAREHOUSES AND 

 BUSINESS ASSOCIATIONS. 



SHORTLY after the adjournment of the State Grange tlie Exec 

 utive Committee met at the Russ House in San Francisco, to 

 carry out one of the most difficult tasks ever undertaken by men 

 unacquainted with each other, and with the modes of carrying 

 out such extensive business transactions in the great commer 

 cial centers. They considered it their wisest course to form an 

 alliance with some well established house, and for this purpose 

 various firms were invited to a friendly conference. 



Among these appeared the old and well known house of E. 

 E. Morgan s Sons, shipping pjftrnhfl.Titg TnJAtween New Yorly .THJ 

 Liverpool, represented in San Francisco by their local agent 

 and managing partner, Mr. A. F. Walcott. 



The advantages offered by this firm appeared to the Commit 

 tee such as to warrant a careful examination into his standing 

 and references. A special committee, consisting of Brothers 

 Merryfield, Jolley, and Mayfield, after visiting the London and 

 San Francisco Bank, the Fireman s Fund Insurance Company, 

 and other responsible firms, reported the house of Morgan s 

 Sons as sound and good, with credit at the London and San 

 Francisco Bank for half a million of dollars. The arrange 

 ments entered into were that the Executive Committee should 



employ an a^ent of their own! wt?o **hfvn1fl frave full access to 

 the books of the shipping firm to examine therein any accounts 

 with Patrons of Husbandry; to all telegraphic and other com 

 munications from Liverpool or other markets relative to prices, 

 rates, or other matters bearing on the interests of the farmers, 

 in consideration of which, the committee agreed to use their 

 influence throughout the State to secnre ffift shipping nf Patrons* 

 produce through the above mentioned firm. Great care and 

 deliberation was required in the choice of the Grangers agent, 



