MAGIC OF THE MIXING-HOUSE 



tion not knowing what the left was doing, 

 but meanwhile making sure of the one cent 

 a bushel commission added to the price. 



Lest I shall be thought extravagant or un- 

 fair about this I will refer to the proceedings 

 before the Committee on Agriculture of the 

 House of Representatives, Sixty-third Con- 

 gress, a hearing on House Bill 14493, pro- 

 viding for the uniform grading of grain; 

 testimony of F. B. Wells, a grain operator 

 of great repute on the Minneapolis Chamber; 

 connected also with one of the greatest of 

 the houses there. 



Question. — You are the vice-president of the F. H. 

 Peavey Company? 



Answer. — Yes, sir. 



Q. — ^That is a line ^ elevator company? 



A. — They are not engaged in the grain business in 

 any way, shape, or form. 



Q.— What is it? 



A. — It is a holding company. 



Q. — ^Holding what? 



A. — Holding stocks of various grain companies m 

 Canada. 



Q. — What companies do they hold stock in? 



A. — A controlling interest in the Globe Elevator Com- 

 pany of Duluth, all the stock of the Duluth Elevator 

 Company, and hold 95 per cent, of the Monarch Ele- 

 vator Company. 



Q.— What is that? 



^ A "line" elevator is one in a series or chain of elevators having 

 the same owners and stretched through station after station along 

 some railroad. A company owning such a chain is called, as here,. 

 a "line" company." 



41 



