

Ashton Elevator 



Steward Elevator 



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Aschenbrenner Elevator 



OOte COUNTY 



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STEWARD 



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^^' LA SALLB COUNTY 



BUREAU COUNTY 



Here's a sketch of the territory served by note Lee County Grain elevators, and the 



the Lee County Grain Association. The squares designate other member eleva- 



broken line approximates the area which tors oi the Illinois Grain Corporation in 



takes in part of Ogle county. Stars desig- Lee county. 



Lee Center Elevator 



Shaw Elevator 



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i, '\ 



ket lunch .tnd the annual meeting was 

 a social event of tlie year. Some of 

 the older boys who attended the first 

 annual meetin_i;s with their parents are 

 today the best customers of the I.ee 

 County Grain. 



In 1938 the lirst patronage dividend 

 was paid. It covered tlie period from 

 Oct. 1, 1935 to Sept. 30, and amounted 

 to $12,163. It was paid on the basis of 

 1 per cent on grain and i per cent on 

 meichandise. Patronage dividends iiave 

 been paid every year since 1938. 

 Patronage dividends paid in 1913 were 

 based on 1'/^ per cent on grain and 

 8 per cent on merchandise sales. 

 Patronage dividends are paid to all cus- 

 tomers. Method of payment is as fol- 

 lows: Those who hold a share of class 

 A preferred stock receive their patron- 

 age dividend in cash. Those wlio do 

 not hold stock shares have their patron- 

 age credited to subscription of a share 

 of stock with a par value of S25 per 

 share. Today patrons hold 780 shares 

 of class A preferred stock with a total 

 par value of $19,500. and other patrons 



have credit on partially paid-up shares 

 of St,516.i8. 



What did Lee County Grain ha\e 

 alter it took over the operating end of 

 the business in 1935 1 The leased ele- 

 vators taken over included the Lee 

 Center, Ashton, Aschenbrenner. a 



Robert Hoyle, general manager of Lee 



County Grain, shows Farm Adviser C. E. 



Yale the cooperative's progress for the 



year. 



storage elevator, Kersten, and the Mid- 

 dlebury elevator. With the exception 

 of the Ashton elevator on the North- 

 western railroad, the remaining oper- 

 ating elevators depended on the Lee 

 County Electric for rail outlet. 



Today, Lee County Grain leases the 

 Lee Center elevator where the co-op- 

 erative has its central otTices. The ele- 

 vator has a capacity of 23.000 bushels. 

 It also leases the Asthenbrenner ele- 

 vator for storage, and last vear 1 1S)()Q 

 bushels of soybeans were stored there. 

 It owns the Ashton elevator of Ki.OOO 

 bushels capacity, the Steward with 35.- 

 000 bushel capacity on the .\liiwaiikc-e, 

 and the Shaw with S.OOd bushels ca- 

 pacity on the C. B. <S: Q. The Lee ( en- 

 ter elevator is the only operating ele- 

 vator that is on the Lee County Llcc- 

 tric. 



Ihe Shaw elevator represents the co- 

 operative s first purchase as it was ac- 

 cjuired in 193.". In 19 lO. the Steward 

 Co-op Elevator was in financial straits 

 and the Lee County Grain operated it 



^ C.on'.inuid on pjg,e 22 i 



FEBRUARY. 1944 



17 



