The Wichita city eagle. [volume] (Wichita, Kan.) 1872-1883, 1876-09-07
Tia kpplO-Amarican Company.

The following condensed summary
by John I. Jones, Master of the Ma
tional Grange, win explain what is
meant by the Anglo-American Coop
erative Trading Company, limited. and
lis American section. With much of
the history, objects, principles and
tendencies Of this company, as begun
in Great Britain, we are already made
familiar by the published correspond
ence and addresses of cur commission
er and others:
'.As first formed by British co-ope-
rators under the name of mississippi
Valley Trading Company, Limited its
operations would naturally have been
confined to but one portion of our
country. But through our late nego-
tiations our English co-workers have
readily consented to many changes
needed to adapt it TO our wants and
customs. and 10 extend IFS field of use
fulness to all parts OF our land, or
even to Canada. Not only Patrons of
Husbandry, but Sovereigns OF Indus
try, and those outside of both Orders
may, if they choose to take the neces-
sary steps, trade with this company,
ard share its benefits on terms of per-
feet equality. through their respective
associations. In the original memo
randum and articles of association OF
the company, duly adopted and regis
tered in England, and in the changes
agreed to in the late conferences, and
the details OF this plan are now fully
matured. A careful examination OF
these thorough rules, based on the
plan of their local cooperative socie.
ties. shows them to be now adapted to
our wants, and as they undoubtedly
make the scheme practicable only tho
will and action are needed on our part
to begin such trade, and secure it,
successful establishment at an early
day.
"The name now proposed is Tho
Anglo-American Cooperative Trad
ing Company, Limited. The wore
limited as applied to aid their Co
operative societies, means that per
sons taking shares in them will be re
sponsible only for the number anc
amount of shares taken by themselves
No further claim can be made by thu
company or its creditors under any
circumstances. This company is t(
have European section, managed by
European board of seven directors
and an American section, managed by
an American board Of eleven directors
at first. The latter number can be IN
creased if found necessary. Joint &C
ton is provided for on equitable
terms, bv which the two boards, act
ing as council, though each meets IL
its respective country, can administe
all the affairs of the company. le
each board is competent to manag
the affairs of its own section. Eacl
board is to select yearly from its mem
bers a president. The president o
the European and the president of TIL
American board, will, in alternat
wears, be the president of the company
Each company is to have its own de
pots and managers in its own jurisdic
ton, and it is also provided that eithe
section may have one ormore bushes
managers, resident within the juris
diction of the othe section, subject t
prudent restrictions for purposes
government.
"Until the first general meeting c
the company in America, 10 manage
for the European section viii be al
pointed in this country, ari the oflic
of managing director, as was provide
for in the original article of agreemen
has been abolished After the Amer
lean section is organized, and Englis
manager, resident with us, may b
appointed by the English board, wit
the right of appeal to a general NEE
ing of the council. The same rule wi
apply to any American manager res
dent in Europe. The expenses of e
tablishing and maintaining the con