OCR Text |
Show SHAPED AFTER THE WHISKY TRUST. Tk Kama AU'ianc will F.iiht the Peril with HI Own Fire. TorKKA, March 8. A new alliance movement contemplates the formation of a huge grain and livo stock trust, including Nebraska, Kansas, Mis-uuri and Iowa. Frank McGrath, president of the Farmers' alliance, says the project pro-ject is ouo of the results of the failure of the alliance legislatures to pass certain cer-tain bills. Legislation, he 6ays, is too slow for the achievement of alliance objects. McGrath says district alliances alli-ances are being formed in every congressional con-gressional district, and provisions being made for building cold storage and grain depots. Tho district alliances will be made up of sub-alliances. In this way a constant communication from tho individual members will bo had.T "No individual member will sell his grain to option men or bankers," said McGrath, "but when ho is obliged to sell, the grain will be taken by the alliance. J he same thing will follow with cattle. We will have agents in Kansas City, Chicago and St. Louis, who will keep tho district alliances posted as to the market, and upon this information the, demand will be sup-plind..itfl sup-plind..itfl no more. No option wheat wjl JpSjiJH the market; and there will be no speculation iu grain before harvest, har-vest, ;for the states in this trust will practically control the wheat and cattle markets of the United States. The hardest thing we have to deal with is fixing tho price. We mean to ascertain ascer-tain the exact cost of the product and add a reasonable prolit to it. The new scheme is modeled in detail after the whisky'trust, of course. You will say our principles will not admit of it, but we have decided that we must light tho devil with lire." |