Counllmi In red on map of right wmnt over rha fop by subscribing more 



than 100 ptr cent of their quota* In the stock-selling campaign for the 



Illinois Grain fermlnol* Compan|r. The three counties In white dW 



not take part In the eantpalgn. 



By GEORGE E. METZGER 



lAA Field Secretary 



Over 



the 



TOP 



Counties Subscribe Over 



2Va Million Dollars for Illinois 



Terminals Grain Marketing Program 



EARLY IN 1949, the Illinois Agri- 

 cultural Association board of di- 

 rectors authorized the financing 

 of the Illinois Grain Terminals 

 Company by the sale of class "A" 

 preferred six per cent cumulative stock 

 to individuals. 



As is the general policy with all new 

 projects of this nature, the Illinois 

 Agricultural Association and the county 

 Farm Bureaus assumed the responsi- 

 bilitv of sellins stock in the new com- 



pany. Stock of all classes totaling 

 $2,750,000 was authorized to be sold. 

 The class "A" preferred was to be 

 sold to individuals. Class "C", which 

 is also a six per cent cumulative stock 

 but standing in a secondary position, 

 was sold to corporations. Of the class 

 "C" stock, 92 county Farm Bureaus 

 subscribed for $96,600, making an 

 average of $1,050 per county. The 

 Illinois Agricultural Association ■took 

 (Continued on page 26) 





m 



CORD 



SEPTEMBER, 1949 



H 



