THE STORY OF THE NONPARTISAN LEAGUE 



MEMORANDUM OF AGREEMENT AT WORTHINGTON, 

 MINNESOTA 



Effective August 1, 1900 



H. E. Torrence, Swedish Mercantile Co., 



Hubbard & Palmer, Peavey Elevator Co., 

 H. N. Douglas, St. John Bros. 



Each to receive one-sixth (1-6) of the entire receipts 

 of all the grain handled at Worthington. 



Prices to be made by H. N. Douglas, but are to be 

 as nearly as possible on the following basis : 



Wheat at 12 cents, and fraction off Minneapolis close. 

 Oats at 6 cents and fraction off Minneapolis. Flax 

 at 16 cents off Minneapolis. Corn at 10 cents off 

 Minneapolis. Timothy seed at 65 cents per cwt. off 

 Chicago. 



Penalties 1 to be: Wheat, 9% cents; oats, 1J^ cents; 

 corn, 2 cents; barley, 3 cents; rye, 4 cents; flax, 4 

 cents; timothy, 10 cents. Full rates of storage, as 

 shown on standard storage tickets, to be collected. 



Minimum dockage to be one pound a bushel, 2 and a 

 sieve test to be made of all wheat showing over two-pound 

 dockage. All parties agree not to pay over the list. 



Closed houses to get one-half the penalty. 



Statements to be rendered each week to H. N. 

 Douglas, who is to report to F. R. Durant. 



The books of any party to this agreement are to be 

 subject to examination at any time. This agreement 

 to continue in effect for one year from date. . . .* 



That is to say, the grain-buyers of Worth- 

 ington had farmed a close corporation to con- 



1 For paying any other than these prices for grain. 



2 Apparently even if the wheat was perfectly clear. 



'Before the Interstate Commerce Commission. In re Relations, 

 etc.; testimony, p. 967. 



168 



