Jasper County Democrat, Volume 19, Number 99, Rensselaer, Jasper County, 10 March 1917 — HARRINGTON BROS. ELEVATOR [ARTICLE]

HARRINGTON BROS. ELEVATOR

Sold to the Newly Organized Farmers’ Grain Company. The Farmers’ Grain company, which' had made all the necessary arrangements to erect a warehouse just west of the Monon depot, has concluded a deal for the purchase of the Harrington elevator, and will therefore abandon their plan of building. The price paid was' $11,500, and included in the deal were the Harrington offices, scales and cribs at Kersey and Kniman. Possession is to be given the new owners May 1 of this year. It is understood that all of the directors are not satisfied with thisr purchase. When the question- was put before them at their last meeting it is said that while four of them were in favor of making the purchase three of them were opposed. These latter three contend that a majority sentiment of the directors is not sufficient for Action, a unanimous vote being neces-

sary. 4 \ At a meeting of the directors held on February 16, The Democrat ip informed, a vote was taken to pay from $9,000 to SII,OOO and no more for this property, or build a new, elevator. This order, which we are told, was made a part of the minutes, was never rescinded and objection is made by three of the» directors to the action taken in paying $11,500 for the property.