About the Seatonville Elevator Company
Proudly Serving Our Farming Community Since 1903
Back in the beginning, conditions in the grain
industry were such that farmers were forced to organize their own
companies in order to secure better marketing facilities, and, also,
to better
their prices and services.
For these reasons, several farmers from the Seatonville and Hollowayville
areas gathered together in 1902 to have a meeting in the Seatonville
Village Hall and discussed ways to better their lives.
They decided to purchase land that consisted of a little over 1 acre that
costed them $475 and they would build their own elevator.
Northwestern Grain and Livestock Company was founded that night in
the Village Hall. Several months later on February 19, 1903,
the license was granted and was now a legal, organized Corporation
that would issue 120 shares of stock at a cost of $50 per share.
The Corporation's business objective was to buy, sell and deal in grains,
flour, livestock, feed, lumber and agricultural implements.
The first load of oats that crossed the scale was .36 cents per
bushel.
More to come soon.
- Coming soon.
- Coming soon.
