Agriculture -- Canada; Agriculture -- Canada -- Societies, etc.
Immediately preceding the annual convention of the Manitoba Grain
Growers' Association at Brandon in February a general meeting of Grain
Growers' Grain Company shareholders was held with about two hundred
represented. Until now the company had been operating under a
provisional directorate only and it was the purpose of the meeting to
complete organization. Since opening for business the shareholders had
practically doubled in number and over 1,500,000 bushels of farmers'
grain had been handled by their own agency, its ability to dispose of
wheat at good figures being demonstrated in spite of deprivation of
trading privileges on the Exchange. Putting a conservative estimate
upon the holdings of the farmers' venture into co-operative marketing,
its paid-up capital remained intact, its organization expenses
paid--including the membership on the Grain Exchange--and there still
was left a respectable margin of profit. To this showing the
shareholders responded by electing the provisional directorate as
directors for the balance of the year, adding two[1] to their number,
while the same officers were left in charge.
In connection with the directorate it was pointed out that it might be
better to have the trading company's directorate independent of the
Association's directorate. The suggestion came from a tall young man
who had a habit of thinking before he spoke and it was but one of many
practical ideas which he had thrown out at the meeting.
"That young chap, Crerar, of Russell--makings of an able man there,
Ed," commented the re-elected Vice-president later. "Know anything
about him?"
"I know his father better than I do him," nodded the President
thoughtfully. "I met his father in the old Patron movement years ago.
I've got a great respect for his attitude of mind towards moral and
economic questions. I like that young man's views, Kennedy; he seems
to have a grasp of what this movement could accomplish--of the aims
that might be served beyond the commercial side of it. In short, he
seems to be somewhat of a student of economics and he has the
education--used to be a school-teacher, I believe."
"Remember when I went up to Russell, during their Fair in October, to
tell them what the Exchange was trying to do to us? Well, he was at
the meeting and came over to my room at the hotel afterward," remarked
Kennedy. "That's how interested he was. We had quite a talk over the
whole situation. Told me he had an arrangement to buy grain for Graves
& Reilly, besides running the Farmers' Elevator at Russell, and he
offered to ship us all the grain that wasn't consigned to his firm.
We've got quite a few carloads from him during the season."
Public-domain text, read in full here on John Shaqi.
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