The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1900-07-14
BoOkkeepers Propose to Estab-
lish Colony.
Scheme to Be Presented to the
National Meeting.
LAND FOR EVERYONE.
Provision Made For Purchase
of Large Tract.
To BE Divided Into Small
Farms For Members.

The bookkeepers of the state at
meeting held in Emporia a few weeks
ago organized state association, which
is now approached with the proposition
of adopting benefit clause in the con-
stitution.
The consideration of this proposed
benefit plan will be first submitted to
the national meeting of the national as
ISOLATION at Detroit July 20.
A representative or member of the
Kansas association will present the
matter at Detroit after which the kan
sas association will consider it as a sub
ject for adoption by the state associa-
ton. The plan proposed for this associ-
into the system of cooperation than has
yet been proposed in Kansas.
The outline of the benefit clause in the
constitution, as proposed, follows:
First-To be known as the home
saving and investment society.
Second-Elect or appoint executive
committee to serve without remunera-
ton, except nominal compensation for
service rendered.
''Third-Have an auditing committee
to examine books and report to the
board of directors or national associa-
ton at stated intervals, or whenever
said board may direct.
''Fourth-Establish a basis of repre-
sentation, say one dollar per week, from
every member desiring to avail himself
of this opportunity of securing home
or profting by the saving investment
plan.
'Fifth-The term of the tontine period
to be ten years.
''Sixth-The benefits to be derived to
be one of the following: home. value
$1,000; cash to the amount of $1,000;
shares of stock in the company that
may be formed by those who chose to
remain in the society after the end of
the first period of ten years.
- r. 10x1c
every member will receive at the end Of
ten years all the money he has paid plus
one-eighth of one per cent per week
compounded weekly for the whole
time
While the general outline of the plan
is not wholly explicit, the plan by which
the funds to be raised by the weekly
assessment of 81 throws some additional
light on the proposition. The official
communication in which the plan of
investment is explained is as follows:
''First-PurchaSe q large tract ofland,
the size to be determined by the num-
Der of subscribers; this land to be di-
yiced among those subscribers who de-
sire to partake of the home clause in
proportion to their subscriptions, except
when a member withdrawS according to
the terms of the cash clause, his share
of the land remains the property of the
society unless it need be sold to pay
said members claim.
''Second-Divide and sub divide the
land from time to time as occasion re-
Qu1reS until II may De divided INTO very
small farms, each having a tenant who
shall receive for his labor an amount
equal to one-ha1f of the proceeds of said
sub division, except that all increase
in cattle, horses or mules shall belong
to the society.
'Third-Stock all subdivisions with
superior breeds of cattle, horses, hogs,
sheep and poultry, making a specially
of dairy cows and poultry and with the
natural increase from one subdivision
stock another until all have been
stocked"
The last paragraph doubles up in its
meaning on the question of stocking the
various subdivisions and there is evil
IDENTIFY an error in the second subdivis-
ion in that the promoter of this enter
prise fails to reserve for the benefit of
the society the increase in poultry and
sheep, as he does in the third para
graph.
The greatest inducement to investors
is the prospects of profit and the man
ager of this new scheme closes his out
line of the plan of investment by say
ing:
"Proft-While by conducting the
farms in a way that there will be no
outlay for labor and that every sub
division will return something, more or
less, to the society in the shape of in
tereSt on the investment made, the
greater profit will be in the natural in
crease which with cows will amount to
nearly 500 for each dollar invested for
ten years, allowing so per cent for de-
probation and there remains So per
annum for each dollar invested or 500
per cent per annum-
People who have a weeks salary to
dispose of might get in on some of
these munificent dividends. The orig
fnatOr of this plan is Cleland MesServe
of Emporia, who will present it to the
Detroit meeting.