Wilmington daily commercial. [volume] (Wilmington, Del.) 1866-1877, 1873-02-11
FCOM COLORADO.

THE MONEY MARKET-oo-oPERATToN AMONG
| FARMERs-THE BEAUTIES OF THE SYSTEM Ex-
PLAINED--NEwsPAPER GOSSIP THE LOTTERY
BUsIHEss AND ITS ExrERMINATIoN-A WINTER
OF FLoRIDIAN MILDNEss.
Correspondence of the Commercially
GREELEY, Feb. Bird, 1878
Money in Greeley is worth, and will readily
bring on safe investment, the legal rate of ten
per cent. interest per annum. For shorter
terms than year the rates are higher; but the
whole subject OF interest is matter left to CON
tract, binding under the statutes. Two and
even three per cent. interest a moath were de-
manded and obtained for moneyin the Territory,
in 'lndian times, but those times have happily
passed away, let us hope forever. For my own
part l have not seen a single red warrior
since landing here. three years ago next August.
Our Banks 1--WE have twO) report money matters
close, but the times are not stringent. Consid-
ering the difficulties that always beet the enter
prise OF settling new country, this statement
may be considered as remarkable certainly en-.
couraging. Visitors from the "outside world"
habitually congratulate us on our good luck
and prosperity, apparently obliviOus Of the fact
that our seeming good fortune is but the legiti-
mate result OF a rigid adherence to the princi-
pies OF temperance and industry. But without
the help OF Intelligent coope ation we might
have been never so sober and industrious and
yet our enterprise been ruinous failure.
The latest phase Of the cooperative movement
is among the members OF the Greeley Farmers
Club, for the purpose OF obtaining articles Of
prime household necessity and articles for farm
use, at lower rates. This combination bids fair
to be successful. The chief features of the plan
consists in inducing every member of the organ
ization to do all his trading Of farm products at
current rates, and all his purchasing of goods
for cash, at the one store which, in town. must
supply those customers with what they want, at
stipulated discount on its regular retail rates
Tho proprietor OF one of our principal stores for
dry goods, groceries, etc., and another OF large
hardware establishment, each, gave written
Pledges in accordance with the above plan. BY
this arrangement the members OF this new COM
pany secure a reduction on all groceries, Except
sugars }; coal oil hour, domestic and foreign dried
fruits, averaging 2l per cent dry goods, boots
shoes and notions, at reduction of ten per
cent. ; on tin ware per cent, and on all kinds
OF hardware. including agricultural implements,
AZ per cent, allowance, only, on cost will be
charged. This agreement is to last six months.
Some idea can be formed OF the advantages Of
this cooperative movement to farmers, when
state the fact that, under this system, plow
that would cost $40 under the old plan, under the
new plan will cost but SIS or course the re-
dnction OF farm machinery, 30 expensive to
farmers, will be at proportionate rates
From the Annual Report OF the Trustees of
" The Union Colony OF Colorado" it appears We
are far from being in an insovent condition.
The treasury contains surplus of $4,000 of
colony funds.
N. g. Meeker, editor of the Greeley Tribune,
and President OF Union Colony, has received and
accepted temporary appointment of some sort.
at the Office OF the New York Tribune, He left
here to enter the field Of his new duties few
days ago. During his absence. his son Ralph will
have the management Of the Greeley Tribune.
During the holidays, surreptitious, but un-
successful, attempt was made to start lottery
swindle here under the ostensible pretension OF
devoting the proceeds to the founding of pub
lie library for the town. At a mammoth public
indignation meeting Of Greeley and Union Colo
ny, the entire plan was ferociously denounced
and its authors severely reprimanded by numer-
peaceful and virtuous people, Whiskey
mills and gambling saloons, as we'll as lottery
swindles and their advocates, find no favor in
these parts.
The weather here this Winter is in strong and
and beautiful contrast with the kind we endured
a twelvemOnth back. December was about as
pleasant AZ May usually is at Wilmington Most
OF the time this month"; thus far, has been too
warm for fires and closed doors and windows
after o'clock A. NJ. No rain nor mud has there
been TO impede business or travel out here"
this Winter And all the SHOWS we've had, put
together would hardly have furnished enough
for decent sleigh ride.
Your excellent paper comes regularly to hand,
every week. and 10 eagerly read for the . home
news" and other valuable information it CON
tains. But my time aud space are both used up,
and must stop. W. F.