Special Collections Department
403 Parks Library
Iowa State University
Ames, IA 50011-2140

MS 120
Elmer L. Kreger (1886-1972)
Papers, 1906-1970, undated


Descriptive summary

creator:

Kreger, Elmer L. (1886-1972)

title:

Papers

dates:

1906-1970, undated

extent:

0.42 linear feet (1 document box)

collection number:

MS 120

repository:

Special Collections Department, Iowa State University.

 

Administrative information

access:

Open for research

publication rights:

Consult Head, Special Collections Department

preferred citation:

Elmer L. Kreger Papers, MS 120, Special Collections Department, Iowa State University Library.

 

Abstract

Cooperative manager Elmer L. Kreger started the Farmers Elevator Service Company (FELCO ) in 1926, with the idea that if elevator companies would cooperate in purchasing farm supplies in large units, substantial savings could be gained for their customers. Eventually the cooperative handled a full line of farm supplies. FELCO later merged with the Nebraska Farmers Union State Exchange, becoming the Farmers Regional Cooperative. In 1970, the Farmers Regional Cooperative merged with Land O' Lakes, a Minnesota-based cooperative, becoming one of the largest agricultural supply and food marketing cooperatives in the United States. The collection includes annual reports, correspondence, meeting minutes, news clippings, and a record of Kreger's business expenses during the first two years of FELCO's operation, 1926-1927. Correspondents include Paul H. Appleby, Mary H. Rumsey, and Henry A. Wallace. Included are materials pertaining to a trip Kreger made to Washington, D.C. in 1933 in a successful effort to reverse a National Recovery Administration decision which had declared cooperatives illegal.

 

Biographical note

E. L. Kreger was born in 1886 in Jefferson, Iowa. He was married to Grace Wilcox in November 1904. After graduation from high school he started work in Grimes, Iowa at the grain elevator and in 1908 he became manager of the Farmers Elevator Company there. In 1912 he went to Ralston, Iowa as manager of the Farmers Elevator Company where he stayed for fourteen years.

Kreger started the Farmers Elevator Service Company in 1926, with the idea that if elevator companies would cooperate in purchasing farm supplies in large units, substantial savings could be gained for their customers. Ninety-six elevator operators of the Iowa Farmers Grain Managers Association paid $5.00 each toward the company's operating capital, and Kreger was guaranteed $100.00 per month plus expenses. Kreger managed the company, known by the acronym FELCO, until his retirement in 1954. The original products available to FELCO members were coal, cedar posts, linseed oil meal, and office supplies. Eventually the cooperative handled a full line of farm supplies, including livestock feed, fertilizer, and petroleum. FELCO later merged with the Nebraska Farmers Union State Exchange, becoming the Farmers Regional Cooperative. In 1970, the Farmers Regional Cooperative merged with Land O' Lakes, a Minnesota-based cooperative, becoming one of the largest agricultural supply and food marketing cooperatives in the United States.

Early in the 1930s the National Recovery Act ruled out cooperatives and declared them illegal because they "prorated" the profits back to the businesses." Kreger went to Washington, D.C. on a Monday and working with Henry A. Wallace, Kreger left Washington Friday morning with a confidential order that said President Roosevelt would sign an executive order declaring coops legal on Monday.

 

Collection description

The collection (1906-1970, n.d.) includes annual reports, correspondence, meeting minutes, news clippings, and a record of Kreger's business expenses during the first two years of FELCO's operation, 1926-1927. Correspondents include Paul H. Appleby, Mary H. Rumsey, and Henry A. Wallace. Included are materials pertaining to a trip Kreger made to Washington, D.C. in 1933 in a successful effort to reverse a National Recovery Administration decision which had declared cooperatives illegal.

The collection contains a variety of records regarding FELCO including newspaper clippings, newsletters, member roster,  and several reports. The reports are about FELCO, the Manager's Association, inventory, consumer's Advisory Board, Cabinet meetings, earnings, maps, by-laws, commissions, comparison earnings, and office expenses. A transcription of the tape for History of FELCO and the transcription of the discussion "Managers Sessions" are included as well.

 

Organization

This collection is arranged by subject.

 

Container list

Box

Folder

Title

Dates

1

1

Codes of Fair Competition Upon Cooperative Organizations

1933-1934

1

2

Correspondence: Henry A. Wallace, Paul H. Appleby, Mary H. Rumsey, information regarding National Recovery Administration

1906-1970

1

3

Newspaper Clippings regarding Kreger

1934-1969

1

4

Newsletters: FELCO News

1933-1954,
undated

1

5

Reports: Annual Farmers Elevator Service Company, The Manager's Association

1926-1945

1

6

Reports: Business inventory, FELCO Mixers and Dealers, consumer's Advisory Board, National Recovery Administration, Cabinet meeting schedule

1909-1965

1

7

Reports: District Meetings of Managers

1928

1

8

Reports: Expense Account

1926-1927

1

9

Reports: Members of Iowa Farmers Grain Managers Association and 1923 Minutes of Association

1923-1926

1

10

Reports: annual, earnings, shipments, comparison and commissions

1931-1947

1

10

Reports: F. W. Stover on Farm Bureau relationships to cooperatives

1938

1

10

Reports: savings on coal, district maps, list of directors, articles of incorporation and by-laws of FELCO

1930

1

10

Reports: company memos, annual meeting notice, booklet The Hormel Farmer

1951-1952

1

10

Reports: notes, feed formulas, annual report, brokerage report, earnings and financial statements

1950-1953

1

10

Reports: annual report, vitamins in mix, L. C. L. Commissions, comparison earnings, ledger balances, office expenses

1931-1954,
undated

1

11

Papers filed at Washington, D.C. (see correspondence 1/2)

1933

1

12

Transcription of tape for history of FELCO for John Byrnes

1970

1

13

Transcript of Discussions: "Managers Sessions"

1925

1

14

Scrapbook of photographs of grain elevators and office of FELCO

1937, undated

2

 

Film 8mm: "1943 News"

1943

3

 

Roster of members in a Day Book ledger

1921-1924