Los Angeles daily herald. [volume] (Los Angeles [Calif.]) 1873-1876, 1874-05-17
To the Patrons Of LOS Angeles and San
Bernardino Counties.
Office Of the Grange Cooperative Co.,
Los Angeles, Cal. May l3, 1874.

IoTS Vi Jlle OTduS6 Co-opeTdtiNc Oou-
pany met, to-day, and organized the
Board by the election of the following
officers President, John S. Thomp-
son; Vice-President, Thos. A. Carey;
Secretary, L. M. Holt; Treasurer. J. E.
McComas; General Manager, J. H.
Seymour, of Compton,; Executive
Committee, Thos. A. Carey, VIM.
Porter, and Isaac S. Smith.
The Secretary reported that 473 shares
of stock had been subscribed, the
holders of 100 of which had paid in the
sum of five dollars per share. Some
two hundred families are now pecu-
niarily interested in supporting the
Company. There are in Los Angeles
and San Bernardino counties some
1000 Patrons, probably 700 of these are
heads of families. who ought to hold
from one to five shares of stock each
nearly one-third of these are now SUBJ
scribers, and in order to give the re-
naming two-thirds an opportunity to,
avail themselves of the benefits to be
derived from this cooperative move
ment, l.. M. Holt and J. f. McCOmas
are now put in the field to solicit sub
scriptions to stock, and collect the first
payment on the same. The Patrons of
California are watching with interest
the Cooperative movement in South
ern California, as being the most prac-
tical, extensive and systematic system
of cooperation yet inaugurated on the
Pacific Coast. 1t is true that the sum
required from each is small; but the
ho~ MI hn
large that the total collections will ag-
gregate fair sum, especially after the
first and second assessments are col
lected. 1t is this large number of stock
holders that will give an extensive con-
centration of trade, strong cOmbina-
ton of influence, and, eventually,
powerful corporation. Funds are
needed now to get ready to handle the
growing crops. Everyone can afford
to make an effort 20 help the Company
now. If persons do not wish to assume
the responsibility of meeting future
assessments on several shares, they can
advance the Company SIS, $40 or $50
on one or more shares, and thus escape
assessments for years to come, and, at
the same time, give the Company the
pecuniary assistance so much desired
at present.
The Company means business at
once. The Board has resolved to open
a Grocery and Produce Store at Los
Angeles, as soon as possible after the
first day of June, and to establish, in
connection Herewith, warehouse for
the storage ofgrain. 1t is now thought
the Changers Bank of California will
be in condition to advance money on
the grain thus stored, and thereby
enable the farmer to hold his crop until
better prices can be obtained neat WIN
ter or Spring.
The Board has also expressed its de-
termination to build a warehouse at the
new Balsas Chico wharf, near ANA
helm, as soon as that wharf is COM
pleted.
The company also expects to extend
it's operations to San BernardinO coun-
ty as soon as it gets firmly established.
In the meantime stockholders in that
county can have the benefit of the
Company's store and warehouse, in Los
Angeles county, and at the same time
help to build up company that will
more effectually assist them in the near
future.
The company is no longer an expe-
riment; enough stock is already taken
to justify the commencement of opera
tiOns, and more money can be had by
the two assessments that can be levied
during the present fiscal year. 1t now
remains to be seen whether the Com
pany is to be carried on by one-third
of the Patrons of Los Angeles and San
Bernardino counties, or whether all
shall unite to accomplish the great ends
for which our Order was founded. We
believe the movement will become uni
versal, but we desire that all shall
take hold noW.
Hoping that the Company's agents
will receive material assistance from
members of the Order throughout the
District, and hoping that stockholders
may be prompt in furnishing the
sinews of war with which to operate,
we remain
Fraternally,
JOHN S. THOMPSON,
THoS. A. CAREY,
ISAAC S. SMITH,
JOHN F. MARQUIS,
WIN. PORTER,
J. ID. TAYLOR,
REV. ]. r. TANsEy,
JAS. G. PRESTON,
CYRUS BURDICK,
J. d. DURFEE,
Directors.