Evening Republican, Volume 23, Number 52, Rensselaer, Jasper County, 28 February 1920 — ADDRESSES GRAIN DEALERS [ARTICLE]

ADDRESSES GRAIN DEALERS

H. H. POTTER, MANAGER LOCAL ELEVATORS BEFORE LAFAYETTE CONVENTION ♦ » . ■ The convention of the Farmers’ jGrain Dealers’ association, which completed its work Friday, was of very intense interest and was attended by a record breading crowd. Two of the resolutions passed by the association are of general interest. One has to do with capital and labor. We are opposed to all form of class legislation seeking to insure any class of ✓ labor an excessive wage or any corporation an excessive income at the public expense ; and condemn all moves to shorten hours and lessen production as unwise, ill-advised and unpatriotic. * The other relates 'to the Daylight Saving law. We condemn the shortening of the work day to less than eight hours, and declare the so-called daylight saving law to have been unjust, unfair and detrimental to the agricultural interests of our state and union. The Lafayette Journal-Courier gives the following account of the address made by Mr. Potter: “The cost of Handling Grain and Sidelines, and the Proper Margin,” ■by H. H. Potter/of Rensselaer, and Fred Roberts, of Monon. Mr. Potter characterized the present indifference to cost as caused by unjustifiable competition and lack of business system. He showed an actual cost sheet with figures from the time the grain was received from the farms until it reached its destination. He revealed this to be so far as his own elevator was concerned, $7.83 on wheat, not including freight or war tax; $3.81 on oats, and $5.25 on corn. He said these costs were below the average for the state, due to inexpensive equipment and the amount of business done for volume of overhead. He stated the figures were based on an average of 428,196 bushels for the year. Local operating expenses were $11,424.89; shrinkage, $2,983.60, making an average cost on the bushel of $3.35 overhead and shrinkage, not including destination receipts.