THE STORY OF THE NONTARTISAN LEAGUE 



of prices, minute by minute, for which that grade was 

 selling in the pit I showed that according to that 

 record these five cars were sold at a fraction of a cent 

 about half a cent a bushel less than it ought to have 

 been sold for to start with. Because each of these five 

 cars were of the finest wheat that could get to Minne- 

 apolis, No. 1 Northern, and was sold by this company 

 to its subsidiary company within seven minutes after 

 the exchange opened before anybody else had time 

 to get away from their tables to see what they could 

 purchase for their people and to bid for this choice 

 wheat. 



A little later the point arose as to the effect 

 of these proceedings upon outside millers, 

 and Mr. Manahan said: 



Do the mills down the river get the virgin wheat 

 from North Dakota for which they arc paying a com- 

 mission to this Van Dusen-Harrington Company, or 

 to similar concerns to purchase? No, indeed. \Vhcn the 

 mills down in the country want to buy wheat, the seller 

 for the Van Dusen-Harrington Company sells wheat 

 or, to put it in the other form, the purchaser from the 

 Van Dusen-IIarrington Company, re-presenting the 

 country miller, another man on the floor of the ex- 

 change, goes to the selling agent of the Pioneer Steel 

 Elevator, the terminal elevator company, the sub- 

 sidiary, and buys five carloads of wheat for the miller 

 down the river, and charges the miller, of course, the 

 regular commission for so doing. 



MR. HAIGEN, member of Congress.- In that way 

 they get a double commission, do they not ? 



MR. MANAHAN. Yes, and that wheat that comes out 

 of the terminal elevator, that goes from the terminal 

 elevator to the miller down the river, is not the kind 



40 



