Agriculture -- Canada; Agriculture -- Canada -- Societies, etc.
It looked that way. The Company's seat on the Grain Exchange was held
in the name of the President and the letter summoned him to appear
before the Council of the Exchange to answer to a charge of having
sinned against the honor and "diginity" of that institution and of
violating its rules. A short time before the young company had issued
a circular setting forth their intention of dividing co-operatively
whatever profits were earned; in other words, the man sending the
larger amount of grain would receive the larger profits. This, the
Exchange claimed, was a violation of the strict rules of the Grain
Exchange and would have to be abandoned.
"You are virtually splitting the commission with the shipper," claimed
the Exchange, "and we can't allow that for a minute."
"It's up to you to prove I'm guilty, not up to me to come here and
commit myself," argued Partridge. "If you can find any profits that
have been distributed co-operatively by the Grain Growers' Grain
Company, go ahead. Nor have I sinned against your 'diginity'!" he
added, sarcastically taking advantage of the stenographer's error in
spelling. "For that matter, you've been digging into me ever since I
came on here!"
"You can't do any more business with our members till you change your
ways," declared the Exchange and forthwith, on October 25th, notice was
posted to all Exchange members that any of them found dealing with the
farmers' company would be penalized themselves.
Expelled from trading privileges! Practically boycotted! It was a
straight punch on the nose that threatened to put the young
organization out of business for the final count. Membership in the
Exchange was absolutely imperative if the farmers were to be in a
position to sell grain to exporters; they were not strong enough yet to
export direct to Old Country markets and all the exporters through whom
they were compelled to deal were members of the Exchange.
"The whole thing's just a pretext!" cried Partridge vehemently. "We
haven't got any by-law regarding distribution of profits
co-operatively; the only thing they've got to go on is that circular.
They're beginning to get scared of us and they see a chance to put us
out of business."
If this were the object, it looked as if it might be achieved in short
order. The grain was pouring in steadily by the carload and with no
buyer daring to deal with them in face of the mandate from the
Exchange, of which they were all members, the new company was in a
quandary to dispose of the incoming grain on a falling market. The
only thing they could do was to wait until they had sufficient of any
grade to make a shipment of from 8,000 to 10,000 bushels of that grade
and try to place it somewhere in the East. The Manager was sent east
hurriedly to see what connections he could establish while his office
assistant mailed letter after letter to eastern points in an endeavor
to work several contracts.
Public-domain text, read in full here on John Shaqi.
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