I could not realize at first what tremendous advantage this lop-sided contract would give me. On the face of the contract—no. Decidedly the opposite. Nor was it out in the open for Michael to see. In fact, it was by way of developments mothered by that contract. The Association maintained a weighmaster at all member receiving houses, who would check on member-shipper’s receipts, at 35 cents a car, if desired; but it was not obligatory. Having had some rather unsatisfactory treatment from other houses, I had now found a place where I could depend on getting honest weights. I wrote F. M. Baker, telling him that while I hardly knew yet why the urgency, I had paid for a membership in the Association; and, as I had always had satisfactory weights from his firm, I desired him to disregard the Association weighmaster.
He wrote me, saying he deeply appreciated my statement of confidence in him; that he had been accused of all manner of uncomplimentary things—stated much stronger—and that if he could ever do me a favor, he would do it gladly. Thus was laid the foundation for a real helpful friendship—but, handicapped by that lop-sided contract, it did not come into being for another six months.
On the q~t, we belonged to the same poker club.
When I got a free hand, I also got the corn. We received bids from the purchasing houses every morning, good until 9:30 a.m. Corn bought after this time would be subject to the fluctuations of the day’s market, with a new bid the next morning. Though I hardly know how it got started, it became a fixed routine for the firm’s telegraph operator and buyer, George Wolf—now Executive Vice President of the Exchange National Bank, in Atchison—to call me up after the close of the market. If I had bought corn that day on the basis of the morning bid, and it had dropped a cent, or any amount, he would book it at the morning bid. And if it had gone up he would tell me to hold it for developments the next day. Sometimes the market would go up day after day, and I would not sell until there was a break; and then I would get the last top bid.
That was grapes—ripened on friendship’s vine.
I spent a pleasant hour with George Wolf in his private corner of the Exchange National, three years ago. We discussed old times. I believe George would now vouch for all I am saying here.