Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1892-11-12

or the pfoduci Of their labor than 4,
purchase the imported article. hot
the fact of the matter IL, expect o. i,,t
tue worth OF my money. Even II / do
have 10 pay a little mUre TOR II, be-.
lieve the article will be that much
better and more DURABLE.
la tines gone hy We used to rNhort
the people to patTVnil4 oar cooperative
institutions. Here i5N. &. NJ |. .rss.
iJcut Woodruff IL the pfesiJout of Wat
institution. Il IL Owned and managed
by our people, principally. liz IN true
that some uf the stock has been p!4t.i
Oh the market, and our outside 'fienus,
realizing thai II was - good aud sale
Institution, have invested In u. G.. NJ.
/. stock. IL IN controlled IA the iuteregt.
Of the people, not wholly for muncy.
making, hut 10 modify pficpp. and 10
regulate thr markets OF thi. fe1ion ia
relation ~ the articles which IL deal,
IN; TO prevent combinations ugninst
the welfare Of the people. Il1u's Go.
operative Mercantile Institution bns
been one nf tue best Institutions
for this community that has ever
been established Among them. presi.
dent Young was the founder Of IL, nud
his idea was that the people should own
II; that II there was any profit In mer.
chandising, manufacturing wooden
goods, cotton goods, Or any other kind
Of goods In tho rerrIt Try % Utah, the
people should receive the benefit OF II;
anu therefore ho established co.Opern.
tive associations aud Invited the peuple
to take stock In these institution, that
they might help TO bear the resp1nsi.
bility AMI share In the benefits there.
from, aui thereby all the people be
blessed. President Young did not dc.
sire that one man alone Or IA few men
should gather In all the "plums" In
merchandising, hu. that all the people
should share whatever profit there was
In II. VIII anyone deny that those
who arc Interested In ". &. NJ, |. have
shared propoitionately IN the profits Of
that Institution? | think they have.
have been Ia small way Interested
In II from the beginning, anJ It has
been one Of the most profitable invest.
ments ever made. IL today pays the
stockholders II per cent per annum ON
their stock, besides which II Is laying
away "a reBldue as reserve fund, 10
strengthen the Institution, making Il
one OF thu most solli and reliable In
the land. Shall we not pa,ronize II?
Shall We not eustain this industry?
For II Is an industry. We have
manufacturing department connected
with II. We manufacture thousands
OF dollars' worth Of boots and shoes;
yet we are not able TO manufacture
anything like the amount that the
community demands. Then we have
an overall department, and we export
overalls TO Denver anu TO other places.
We ought to be exporters rather than
importers; aud when we become ex.
porters OF the products Of our labor,
then indeed We will be- In "a condition
approaching independence, and We
shall not be- independent TIL then. We
do not nil want to be tarmers; and Il
would not be wise for us eli 10 be sugar
makers. II will not do for everybody
TO DO merchants and bankers, because
II we were, who would produce the
sugar, the bread, the clothing, and the
other necessarles OF life? We have
number OF good cheese manufactorles
among US; but do not know whether
we have got far enough along to ex.
port cheese. Yet we ought TO do 1t
with the facilities we have here for