The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1895-08-15
LOYAL AMERICAN SCRIP.
A Feasible scheme for the Equal ptneh.
OF Merchant and Buyer.

A Feasible scheme for the Equal nsneh.
OF Merchant and Buyer.
The Loyal American Scrip system is
a trade discount paid through the
order, a portion Of which is retained in
the order for lodge expenses.
The scrip Is nicely engraved, about
the size Of bank note, in denomina-
tions of csc, soc. 81 and siO.
How To eset NJ.
AS soon as three companies mot less
than 10 or more than 100 members In a
company are mustered In, the re.
cruiting officer calls them together
and organizes a regiment by electing
the necessary officials AS soon as the
regiment is organized they are em-
powered to make a requsition for 3d.
900 10 IS, 600 OF scrip except where
scrip has already been placed. or where,
like Chicago, the scrip is placed by the
Brigade organization.
How 10 Place It
IL is the duty of the regimental
qu3rtermaster TO place the scrip. Sc
curing what assistance he can from
the company quartermasters and
other members of the order. This is
done BY conference with each mer-
chant The quartermaster cites the
number of members already In the
order and the probable member maxi
ing the town or city their trading center
as soon as they shall have become
] - ~. l.. q Ia
rural districts After explaining all
the advantages of the system, get the
merchant TO agree upon a certain rate
of per cent that he will give for the
scrip. Leave him Sl0O or $500 and go
TO the next When the scrip is left
with the merchant, the quartermaster
charges him with it.
When the scrip Is all placed. the
members are each given an "Identifi-
cation card" with the name OF the
dealers on the back. Ia addition TO
which it is a good idea TO have the list
read in open meeting once a week, TO.
gether with the percentage paid by
each merchant
How Bnyers Get It.
member wishing to trade goes to
the merchant whose name is on his
card and buys his goods just as cheap
as he can. When he comes TO settle,
he presents his card and the merchant
counts him out as much scrip as he has
bought goods.
; How to Collect for II.
Once a month or oftener the quar-.
termaster goes and settles with the
merchant, who pays for all he has
given out at the rate agreed upon. II
he has given out 500, and agreed tC
pay 10 per cent for IL. he gives the
quarter master $40, which goes TO the
lodge fund. BY the time the quarter
master has visited all the stores and
business places he has nice sum IN
the treasury.
Redeemed at the Lodge
When a member attends his lodge
meeting he presents his scrip and the
quartermaster pays him ia cash, al
but , per cent, and the scrip is can
J celled.
BY the redemption of the scrip a.
company meeting we can insure a full
attendance, with corresponding bene
! fits in a social scale and executive ca
pacity.. No member has TO trade q
given amount TO secure some book
picture. or article of furGiture, nor en-
ter any lottery scheme to advance
; some merchants trade. IL is q legit
innate discount received from co-opera
tion. and his dividend is in exact pro
portion to the volume of his trade.
r simplicity.
This is all there is to the system
There is no pickering. no figuring uI
OF discount on each sale, no chanc,
for Misunderstanding. The merriam
gives such per centage for the trad,
OF the order, and he pays it in a lump
lie will pay a good price for the Who'll,
trade, whereas he would not give eacl
) individual any discount So far a.
the member is concerned, he simply
trades with the merchant that han
dies the scrip, takes the scrip to Lodge
and gets the money for IL. The OF
tcers do the rest.
The system Is equally beneficial tC
the members as II establishes ptacti
cal corporation without interesting
outside capital keeps the trade a
4 home, is fair to all dealers who ar,
asked to bid for the scrip what the,
can afford To pay and works no hard
ship on any one.
4 II is the bringing OF order out o
, chaos for both dealer and customo
and places both on the ground o
: certainty where catch penny scheme
and lottery lodges are of no avail
r No merchant who consults his owl
+ interests will permit the chance to q,
z by default while no company viii
5 fail 10 give IL a trial. Once used, /
i grows stronger with time.
Cooperation secures for him bette
4 discount tnan he could get without II
e while the small portion left in tn
, CO mpany fund relieves him of tn
4 expense OF keeping up his oTganiza
tion. 1t pays his dues, supports his II
e brary, pays hall rent, buys carpets AM
4 furniture, pays for regalia, etc, an,
4 leaves a balance that may be veste,
I in local hone for the order.
!, Counting the average trade at SEQ
= a year and tpn per cent as the arerag
e discount, IL will place S4e0 in the com
pany treasury each year besides di
e viding about -, 900 among 100 mem
G bers. Where there are several com
panies centering in n city or village
there is nothing TO prevent the erec
tion Of a fine hall from the surplu
7 company funds. thus adding anothe
element OF permanency TO the order