File:The illustrated atlas and history of Yolo County, Cal., containing a history of California from 1513 to 1850, a history of Yolo County from 1825 to 1880, with statistics portraits of well-known (14595727107).jpg

Identifier: illustratedatlas00sanf (find matches)
Title: The illustrated atlas and history of Yolo County, Cal., containing a history of California from 1513 to 1850, a history of Yolo County from 1825 to 1880, with statistics ... portraits of well-known citizens, and the official county map
Year: 1879 (1870s)
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Subjects:
Publisher: (San Francisco) : De Pue & company
Contributing Library: San Francisco Public Library
Digitizing Sponsor: California State Library Califa/LSTA Grant

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ited crops of tho farmer, be-came a mighty loadstone that attracted from varions qiinr-ters, tho financial vultures that prey upon tbe vitals of con-centrated wealth. In 1874 a general movement was made in this State toget rid of what was termed middlemen in the hnadiiiigof grain. The farmers thought by combining their crops,to warrant the chartering of ve-ssels, and thus obtjiin Ion*transportation in shipping their own products abroad, ei-pectin^ by doing so to obtain high prices without Iiavingto submit to tho loss that heretofore had been drawn as abusiness margin, that found its way into the pockets ofthose who had been the shippers. This was the devils opportunity—a good one—and itwas seized, A. firm, doing business in New York, and known nsMor-gans Sons, had a large number of vessels atloat, and ap-parently unlimited capital and London credit. They sentone of tbe firm, A. F.Wolcott, to establish business on thiscoast. He interviewed the farmers, and said to them: Plate N? 22
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i-t^tjE £ CO. F-ua s. S.WQOTTE^ ^ CO.G0^P^ STAt r HISTORY OF YOLO COUNTY FROM 182o TO 18S0. .. rentlepien, yon, whose bands have become horny from jil lillaee of the soil, ate entitled to all the proceeds / the sale of wliat you produce, except the triaing (I mint necessary to pay a snudl pro6t to the transv-orta-,. Tn company, that take what you produce to those who it You have been robbed by the middlemen. ; ,T^pe!ient to yon an opportunity to get rid of them: ;.-Id vour grain abroad in oar vessels. We will make j.- !^t nccessarj- advances until it is sold; and you can thus... * ith our vessels, and our money to aid you, become ship-.- ners as well as producers. \. ^.^ a 1,00k with a tempting bait; they nibbled, they1 -i then swalluwed it .dl, hook. line, bob and sinker; and, ■ fa siokor in fact; for in October of 1874 the trans-l tion company suspended. The failure of MorgansTL came like a tliunderboU in a clear sky, and their vic-of misplaced confidence were to be found scatter

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