Delegation arriving irom southern Illinois 

 ior annual lAA convention are. left to 

 right: W. H- Faires. Madison; W. B. 



For the record, here is the personnel 

 of the small committee: Guy Gee, presi- 

 dent, Livingston County Farm Bureau; 

 Charles Heller, president, Peoria County 

 Farm Bureau; C. E. Yale, Farm Adviser, 

 Lee County; M. E. Tascher, Farm Ad- 

 viser, Grundy County ; George E. Metr- 

 ger. Field Secretary, I AA ; Harry Meloy, 

 Legal Department, lAA; and George H. 

 Iftner, Director of Grain Marketing 

 lAA. 



Here are some of the important de- 

 tails of the plan as approved: 



Illitiois Grain Terminals Company 



The statewide merchandising agency, 

 to be known as Illinois Grain Terminals 

 Company, would be incorporated with 

 a total of $3,000,000 in capital stock, 

 subscribed by producers, county Farm 

 Bureaus, local Capper- Volstead elevators, 

 county grain and service companies, river 

 terminal companies, the lAA, and the 

 Illinois Grain Corporation. Ten thou- 

 sand shares of Class "A" preferred stock, 

 $100 par value, 6 per cent cumulative, 

 and redeemable at par and accrued divi- 

 dends, would be sold to individuals. 

 Ten thousand Class "C" preferred, $100 

 par value, 5 per cent cumulative, and re- 

 deemable, would be sold to organiza- 

 tions. Ten thousand Class "D" pre- 

 ferred, $100 par value, 4 per cent cumu- 

 lative, would be used for patronage pur- 

 poses; and common stock would be is- 

 sued in sufficient amount for member- 

 ship purposes only, one share to be is- 

 sued to each county association and water 

 terminal or out-of-state cooperating as- 

 sociation. 



There would be 30,000 shares of 

 Class "B" control voting stock of no par 

 value to be held by the Illinois Agri- 

 cultural Association. 



This company would own or lease 

 terminal properties at Chicago, St. Louis 

 and possibly at Peoria. These terminal 

 facilities would provide for the handling 

 of grain by truck, rail and water. 



Timpner, Perry; G. G. Pope, Madison, and 

 Tony J. Druxelius, Madison. 



River Sub-Terminals , 



To assure that earnings resulting pure- 

 ly from river operations flow back to 

 areas affected as directly as possible, river 

 operating companies would be organ- 

 ized. Each of these would require an 

 mvestment by farmers and county grain 

 companies of approximately $150,000. 

 Each would have one or more fast- 

 operating elevators of between 50 and 

 100 thousand bushel capacity. Such fa- 

 cilities would cost between $50,000 and 

 $100,000. The river companies would 

 each have $50,000 invested, in addition 

 in the state organization for construc- 

 tion or purchase of terminal facilities 

 and marine or other transportation equip- 

 ment. 



Capitalization of these companies at 

 river points would follow the same gen- 

 eral pattern as that of Illinois Grain Ter- 

 minals Company, except that Class "B" 

 stock of the river terminal companies 

 would run to Illinois Grain Terminals 

 Company, and membership common 

 stock of no par value would be avail- 

 able for issue to every Farm Bureau pa- 

 tron member in the grain producing 

 areas around the sub-terminal. Such 

 stock would be conditioned upon Farm 

 Bureau membership, and would be can- 

 celled if the patron ceases to be a Farm 

 Bureau member. Such membership stock 

 would aI.so be made available to every 

 qualified Capper- Volstead patron-associa- 

 tion cooperating with the river subter- 

 minal. Farmer-producers, Capper- Vol- 

 stead elevators, Farm Bureaus, and Coun- 

 ty grain and service companies would 

 be eligible to own .stock in the river 

 terminal companies. 



Several Illinois river sub-terminal com- 

 panies are planned between Morris on 

 the north and Havana on the south, and 

 on the Mississippi at strategic points. 



County Companies 



Local grain-marketing facilities would 

 include local Capper- Volstead elevator 



companies, plus county grain associations 

 or Service companies in areas not ser\ed 

 by such elevators. The county grain 

 companies would be incorporated as 

 Farm Bureau-type cooperatives with stock 

 subscribed either b)- the County Farm 

 Bureau itself or by producers and the 

 Farm Bureau, with Class "B" stock run- 

 ning to the County Farm Bureau. Mem- 

 bers of the companv would be Farm 

 Bureau members in me county. Projxrr 

 safeguards in the way of working rela- 

 tions between the county grain company 

 and the local Capper- Volstead elevators, 

 to prevent duplication in the handling 

 of grain and the distribution of patron- 

 age, would be set up. 



This Is the Plan 



Such is the plan: big in its conception, 

 geared to modern grain marketing trends. 

 Already it is leading to action, uith 

 organization of the river sub-terminal 

 cooperatives under way in the La Salle, 

 Peoria and Havana areas on the Illinois 

 and the Dallas City area on the AMs- 

 sissippi, and with interest turning into 

 action at other points along the rivers 

 and in the grain producing counties. 

 Owned and controlled at every level by 

 Farm Bureau members, and working 

 with coordinated strength, it will be the 

 agency through which Farm Bureau 

 members in Illinois market their grain, 

 and through the power of organization, 

 reap the benefits of large-scale coopera- 

 tion. , 



HIRE NEW FIELDMAN 



IN LIVESTOCK DEPARTMENT 



Dale A. Rouse, 34, assumed his 

 duties, effective Nov. 1, as an lAA 

 livestock fieldman for Illinois live- 

 stock marketing in 

 District 4, which in- 

 cludes east central 

 Illinois. He is mak- 

 ing his home at 

 Danville, headquar- 

 ters of District 4. 



Rouse is a former 

 employee of the 

 Vermilion County 

 Livestock Associa- 

 tion. He entered 

 army service in 

 1943 as a private 

 and rose to the rank of Captain in field 

 artillery serving at the battlefronts in 

 France and Germany. 



He received four battle stars and was 

 placed on terminal leave Oct. 15 when 

 he returned to civilian life. Rouse was 

 born on a cattle and sheep ranch in 

 Wyoming and came to Illinois in 1937. 

 He is not married. I .- - .' 



D. A. Rouse 



I 



36 



L A. A. RECORD 



