Delegation arriving from southern Illinois 

 for annual lAA convention are. left to 

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



Tor tlic rciorit, here is the persomie! 

 ot tile siiull committee: Ciiiy Gee. presi 

 lient, Livingston (ounty Farm Bureau; 

 Charles Heller, president. Peoria County 

 I'arm Bureau: C. ¥.. Yale. Farm Aii\iser, 

 Lee County; M. E. Tasilier. Farm Ad- 

 viser. Grundy County; Geor/^e I'.. Metz- 

 i:er. Field Secretary. lAA; Harry Meioy. 

 Le^al Department. lAA; aiiii Cieorye H. 

 Iftner, Director of Grain Marketing 

 lAA. 



Here .ire some of the important de- 

 tails ot the plan as approved; 



Illinois Grain Terminals Company 



The statewide merchandising agency, 

 to be knov^n as Illinois Grain Terminals 

 Compaii), v\ould be incorporated vsith 

 a total of S3,(M)0,()()() in capital stock, 

 subscribed by producers, county Farm 

 Bureaus, local C'apper- Volstead elevators, 

 county ^rain and service companies, river 

 terminal companies, the lAA, and the 

 Illinois Grain (Corporation. Ten thou- 

 sand shares of Class A" preferred stock. 

 SlOO par value. 6 per cent cumulative, 

 and redeemable at par and accrued divi- 

 dends, would be sold to individuals. 

 Ten thousand C lass C" preferred, SlOO 

 par value, 5 per cent cumulative, and re- 

 deemable, would be sold to orj;;aniza- 

 tions. Ten thousand Class "D" pre- 

 ferred. SlOO 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 sO.OOO 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 

 .ind possibly at Peoria. These terminal 

 facilities would proviile for the handling 

 of grain by truck, rail and water 



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

 Tony I. Druxelius. Madison. 



River Sub-Terminals 



lo assure tli.it earnings resulting pure- 

 ly trom river operations How b.uk to 

 areas affected as directly as possible, river 

 operating companies would be organ- 

 ized. Each of the.se would recjuire M\ 

 investment by farmers and county grain 

 companies of approximately $1 50.000. 

 I'ach would have one or more fast- 

 operaling elevators of between 50 anci 

 100 thousand bushel capacity. Such fa- 

 cilities would cost between 550,000 and 

 SIOO.OOO. The river companies would 

 each have 5^0,000 invested, in addition 

 Ml the state organization for construc- 

 tion or purchase of terminal facilities 

 and marine or other transportation ecjiiip- 

 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 u[X)n Farm 

 Bureau membership, and would be can- 

 celled if the patron ceases to be a Farm 

 Bureau member. Such membership stock 

 would also be made axailable to every 

 cjualified Cipper- Volstead jsafron-associa- 

 tion cooperating with the river subter- 

 niinal. Farmer-producers. CCapper-Vol- 

 stead elev.itors. 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 asscxiations 

 or Service companies in areas not served 

 by such elevators. The county grain 

 companies would be incorporated as 

 Farm Biireaii-ty|se cooperatives with stock 

 subscribed either by the CCounty Farm 

 Bureau itself or by producers .uid the 

 Farm Bureau, with Class "B" stock run- 

 ning to the CCounty F'arm Bureau. .Meiii- 

 bers ot the comp.mv would be larm 

 Bureau members in the county. Proper 

 safeguards in the way of working rela- 

 tions between the county grain companv 

 and the local CCapper- Volstead elevators, 

 to prevent duplication in the handling 

 ot grain and the distribution of patron- 

 age, would be set up. 



This Is the Plan 



S/iiJ.) /.I /I't pLiit: big III its if);/<"t- /'//'■/,'. 

 ilt.iyeJ Id ii/cJt'in f^ruiii i/urie/iii^ treiiJ i. 

 AhtuJy il is leujni^ lo mIiou, tiith 

 'ngAiiizaliiiii (ij iht rirtr \ub-teii>iiii,il 

 (.(lofitralift.i under nay in ibt La S.tlU. 

 Peoi/.i jnJ Hiii.ina areas nil the Illinois 

 And the DjILis City area on the Mi\- 

 \issippi. and tiitb interest ti/rnini; ml' 

 aitinn at other points along the rn c is 

 and in the grain producing C'lmilies. 

 Ouiied and ((Dilrolled at every level "i 

 rami Bureau members, and uorknii^ 

 tilth coordinated strength, it will be the 

 agency through which I'arm Bureau 

 members in Illinois market their ^raiti. 

 and through the power oj organization, 

 reap the benefits of large-scale cooper.:- 

 tioi:. 



HIRE NEW FIELDMAN 



IN LIVESTOCK DEPARTMENT 



Dale A. Rouse. 3^, assumed his 

 duties, effective Nov. I, as an lAA 

 livestock fieldman for Illinois live- 

 stock marketing in 

 District I, which in- 

 cludes east Central 

 Illinois. He is mak- 

 ing his home at 

 Danville, headquar 

 lers of District i. 



Rouse is a former 

 employee of the 

 N'ermilion County 

 Livestock Associa- 

 tion. He entered 

 ,irmy service in 

 iy-)3 as a private 

 and rose to the rank of Captain in field 

 .irtillery serving at the battle! ronts 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 193". 

 He is not married. 



D. A. Rouse 



36 



L A. A. RECORD 



