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prosperity, in face of the fact that in the States no less 

 than 48 per cent, of the rural bank stock was held by-* 

 the farmers, and hundreds of buildings of every sort 

 testified to their riches, besides cattle, etc. Here they 

 had not seen a solitary example of rural enterprise, 

 cooperative or otherwise, along all the stations they had 

 passed . 



Undeniably, under the present circumstances un- 

 less the Government is disposed to undertake the en- 

 tire financing of Elevators, which does not seem . easy r 

 we have no prospect of a sufficiently strong body of 

 rural investors being found even to establish the pre- 

 liminary bases for a Co-operative Elevator system in 

 which our farmers could actively participate, so that the 

 realisation of Farmers' Co-operative Elevators is very 

 remote . 



FARMERS' CO-OPERATIVE ELEVATORS VERY 

 REMOTE HERE. 



\ 



Sane counsels advise the participation of capitali- 

 -sts, whether large or small, foreign or native, of every- 

 body willing to participate at the beginning, and to 

 leave for later., on the picking and choosing as to who 

 shall be accorded the preference to continue and ex- 

 tend the work. 



If it is necessary, as it seems, to offer special in- 

 ducements, then let them be offered, and since all par- 

 ties are concerned in the general prosperity of the coun- 

 try, political differences should not weigh in the ba- 

 lance as to the methods adopted or to whom the hoir- 

 our or right shall fall of indicating the right moment 

 for the initiation of the work. 



CO-OPERATIVE ENTERPRISE THE IDEAL. 



If co-operative undertakings are the acme of per- 

 fection, then isolated efforts need not be discouraged, 

 although disjointed action should be avoided. 



The essentials of an effective service for elevators 

 lies in the uniformity and universality of the system 

 of working. They should all adopt similar standards 

 in conducting the business. 



This has been realised by all the States where Ele- 

 vators are in use, and to the measures provided for the 

 establishing of such uniformity, the State control and- 

 fixing of the grading of wheat, for example, the sure- 

 ties demanded by the State before permitting the free- 



