The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1872-06-13

in good standing. Il
5th-NO member shall be liabl,
, beyond, or In addition to the amonn
| Of his stock.
9th The capital stock shall draw
per oent. interest.
7th-All goods bought for cash al
wholssals. and sold for cash. at prime
cost, 70 all persons, without discrimina.
ton; prime cost being considered
what It takes to put the goods on the
shelf and pay the running expenses.
i 6th- The officers shall consist Of
| Trustees, general Manager, and :
Secretary.
i 9th-There shall be President OF
| the Board Of Trustees, to be elected
| from among their number, by the
stock kholders. &
1Oth-The President Of the Trustees
shall be the general Treasurer. and
shall give bond.
llth-The business of said store shall
b absolutely committed 10 the general
Manager, who shsil also give bond In
deuble the amount of The capital stock,
and no money shall he drawn from
him, unless 10 the manner herein
provided.
I2th-The Manager shall choose his
own clerks, and shall be responsible on
his bond for their faithfhlness.
1a11rThe Manager and his clerks
shall receive . stAted salary, payable
quarterly; al other officers shall re-
csive Just per diem for such work as
they do.
Hth--The Secretary shall be the
secretary Of the Board aud Of the Stock
holders, and shall keep distinct set
Of books.
l5th-All complaints shall be ad-
dressed to the President Of the Board,
&c.
l0th--On the ls( Monday OF July,
and the 2nd Monday OF January, the
Trustees. through the President OF the
Board shall present to the stock hold
ers sworn statement, in writing, Of
the condition, &C., Of said store.
17th-The Manager shall be the
shipping agent, &c.
Under this plan our store has been
In operation about two months, and
during that time has done quite .
large business. exceeding by far the
expectations Of Its projectors. You
will realize this fact when state that
within this time il has sold Its capital
stock one and one half times for cash.
And yet this Is merely the beginning,
and while laborfng under many draw
backs. But the most gratifying fact
is that through our cooperative store,
we have found a solution for many
grievances, and that we have demon.
strated that we can make it a perma-
mont institution.
Like the dews of heaven. 1t showers
its blessings upon all alike. While 1t
benefits the poor, special care is taken
that no harm is done to the rich. In.
deed here, on the only true basis,
capital and labor shake hands. It IL
by the extension OF cooperation
that our State will be made very
garden.
But to recur to our plan. You will
notice that our main object is to
get our goods ut prime cost. 1t Is
no part of the plan to compete with
any other enterprise. Such may go
up or down in their price list, without
In dhy way affecting Vs.
Again: through our Cooperative
Store we expect TO free ourselves from
extortion, unjust weight, and an un-
just system generally.
Another feature of our plan, and one
which we think has much to do with
our emancipation, IL, that all goods
shall be bought for cash and sold for
cash. The credit system has had as
much to do with the enslaving of labor
. any other cause. While imprison-
ment and n.anacles for debt have
passed away, - relics offs barbarous
age, yet the emancipation OF the toiling
people will not be complete until they
come down to cash system. He who
goes Ia debt becomes q slave Just to
the extent Of that indebtedness.
While his slavery is voluntary, 1t is
none the less real, and his creditor,
who generally belongs to the ruling
class, sees that the chains are properly
riveted. special laws being made with
reference to that.
Such are some of the points Of the
plan for our Cooperative Store. We
have tried to make it comprehensive,
practical and simple, and to exclude
everything that would prevent its
effectiveness.
We sincerely think that it will
prove blessing to all farmers, and to
all laborers in this neighborhooI,
without injury to any other legitimate
enterprise.
This 10 our first aggressive step
towards the emancipation of the
farming interest. The first suggests
the second, and the realization Of our
complete emancipation will be the
last.
In conclusion, we present the result
Of our cooperative store, as vindica-
ton Of the ability Of the farmer to
take care Of himself, and to manage
the ordinary affairs Of life.
- &. ro1AAoA 80 "a, - H.