Salt Lake Herald | 1898-02-26 | Page 1 | Now It's a Hay Trust

I NOW ITS A HAY TRUST But Its Promoters Say I Need Not Frighten Farmers Chicago Feb 23One of the largest trusts formed In years has been or ganized by Chicago men under the name of the American Hay company Although the incorporation is under Michigan laws the headquarters will be In this city The organization when completed will include more than 100 of the buyers and shippers of hay in the states of Illinois Indiana Ohio and Michigan The capital stock is J43COOOOO A tract of land near Buffalo is to be purchased as a site for an immense Im-mense warehouse Buffalo is selected as the place for the warehouse because the bulk of the hay to be handled will be marketed In New England A meeting will be held at Toledo 0 on March 13 to complete the organization Mr LIpe says it will i not be the object f tha fc ot teOb I to raise the price of hay to the consumer con-sumer or lower the price paid the I farmer but to handle the product at a I legitimate profit and not at any time put a fictitious value on hay I