Agriculture -- Canada; Agriculture -- Canada -- Societies, etc.
Along in June Kennedy received a telegram from Winnipeg that startled
him. It contained the first intimation that difficulties were arising
at Ottawa to prevent the proposed farmers' company from getting their
charter. Taking the first train, he found on his arrival at Winnipeg
that Francis Graham and W. A. Robinson, the two committeemen who met
him, had not yet notified E. A. Partridge. A wire was despatched at
once to Sintaluta and the Chairman joined them by first train. For two
days the Board wrestled with this unexpected difficulty which
threatened to annihilate the company before it got started.
The application of the Organization Committee for a charter was refused
on the ground that the shares of a company with a capital of $250,000
could not be less than $100 each. Their solicitor tried in vain to
induce the Department to change its views, all canvassing to sell stock
being discontinued by the Committee in the meantime.
"Well, let 'em keep their charter if they want to," said Kennedy
finally. "This discussion's not getting us anywhere and if we can't
get a Dominion charter, why we can't get it."
"Guess you're right, John. We might as well quit and go on home."
"Who said anything about quitting?" Kennedy brought down his big fist
on the table with a thump. "We'll get a Manitoba charter. That's what
I mean."
The others shook their heads. A Provincial charter would be useless
for what they were proposing to do, they contended. Kennedy disagreed
so emphatically that he refused to stop arguing about it till at last
he and John Spencer were delegated to see the Manitoba authorities. In
the course of a few days the arrangements for a Provincial charter were
complete, and the Committee turned its attention to selling enough
stock to be ready for business by the middle of the following month.
By this time the harvest season was so near at hand that prompt action
was necessary if they were to do any business that fall. Under the
Manitoba charter the company could open for business with a provisional
directorate and as five members of the original committee were in
Winnipeg and available for quick action, it was decided to go ahead as
it would be impossible to hold a representative general meeting of the
shareholders before harvest and it was advisable in the interests of
the subscribers to take advantage of the opportunity to do business in
the meantime.
Public-domain text, read in full here on John Shaqi.
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