The patron of husbandry. (Columbus, Miss.) 1875-1883, 1881-10-15
The Texas Cooperative AssOci-
alton.


The Association has succeeded be-
yond the expectations of its friends;
its business has steadily increased,
and this season promises to be
double that of. the last. The sue
cess of this institution means that
the farmers of Texas who transact
their business though it are saving
many thousands of dollars annually.
The Association has been fortunate
in having a set of officers whose
capacity and fidelity have been fully
tested The Agent at Galveston,
Bro. J. S. Rogers, has completely
won the confidence and good will
of the members of the Association
and all who deal with him. We
take great pleasure in recording this
conspicuous success of the cooper
alive system:
REPORT OF THE PRESIDENT.
To the officers and Members of
the Texas Co operative Association,
P.of H.: Brethren, permit me to
greet you on our assembling once
moe at another annual meeting; a
meeting which, greatly. hope, will
result in the creation of still greater
J and a more deeply rooted convic-
'tion of the business of the principles
Of Cooperation on the Rochdale
plan. am justly proud to state to
you that our business in Galveston
is in a very safe, healthy and catis-
factory condition. continually in
creasing in magnitude, and securing
the confidence of all who give it a
fair and impartial trial.
Patrons, and even those who have
no connection with the Order, are
alike beginning too see clearly into
the business and possible magnitude
of which it is susceptible. This AS
ISOLATION was given shape, though
in very crude form, lie than three
years ago, and after exhausting all
information in reach of it, it was
determined to make a start in Gal.
| weston.
Suffer your minds to imagine the
doubts and misgivings ofour Agent
Bro. Rogers, who had but little
mercantile experience, especially il
this new plan of business; the cap
ital stock being but two hundred
and fifty dollars; in a strange city
with no one to give friendly coun
sci; surrounded by every influence
that could be brought to bear nn
favorably upon him; then you have
some idea of the firmness and per
severance required to make tht
business success. Now that it ha
proven to be success, | can par
don any one for doubling or asking
for an explanation.
AS those of you who attended on
meeting lest year no doubt remem
Der, after paying all expenses, Their
was declared and apportioned al
interest and dividend fund amount
ing to $I.3S5.Io.
L am gla J to state that but small
proportion of said amount has beer
Withdrawn, but permitted to remain
the proper owners receiving Ger
titicates of stock for their respectiv
amounts.
In addition to this, there hav
been, at different times and by diff
terent individuals, in many parts O
; the State, stock taken, until nov
there is in the hands of our Agen
$2,S45; also, in addition to thi
amount, there is interest and div
dend amounting to $500. o5 uncalle
tor-making sum total of $3,347
s., all of which is kept activel
employed
From the small beginning befor
G referred to, the report of our Agen
+ which accompany this report, sho,
that our balance on June goth, {
!, the present year, was $I2,74o.4'
q Deducting $3,347.S5, the whol
: amount of stock, there will leave
u balance of $9,4o1.55, which const
tutes very nice fund for interes
dividend and emulation l wi
here recommend, in the distribute
/" OF this handsome amount, that afte
= bearing its proportional part of tn
@ expenses of the business, capital b
o remunerated byreceiving fair az
Z cumu lation.
n In my opinion capital is entitle
TO more than 10 per cent interes
j. for it can be loaned at more prof
&c able rate, and incur no risk as
this business.
!" 1t is true we have encountere
IS no loss yet, but in case we shout
l. capital would be called upon to SUI
It tain it. Again, if we offer capt.
20 the necessary inducements, it wi
be furnished literally, and O,
1t Agent would be able, at an ear
: day, to extend his operations t
It other and perhaps more favorab
/. markets.
= The most serious difficulty tt
business has had to contend with,
. the want of sufficient capital; b,
: our Agent has been able, by maxim
g small and frequent purchases,
q secure most of his staple groceri'
e from producers and importers (tf
same from whom the wholesa
n merchants of Galveston buv). tn,