THE STORY OF THE NONPARTISAN 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 are paying a com- 

 mission to this Van Dusen-Harrington Company, or 

 to similar concerns to purchase? No, indeed. When 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-Harrington Company, representing 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. Haugen, member of Congress. — In that way 

 they get a double commission, do they not? 



Mb. 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 



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