The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1904-02-25
Newton Farmers Investigating
Committee Advises Joining
County Association Al
ready Established
OVER ONE HUNDRED MEMBERS
Plan Proposed By Right Relationship
League Of Chicago Adopted-No Stock
Holder Can Own More Than One
Share Regulations For Safety

The movement for cooperation
among the farmers of this county has
been making rapid strides lately. Many
are becoming interested in the move
ment, and the cooperative store which
is situated on Chicago Street has been
acquiring new stockholders right along.
The efforts of the promoters of the plan
have been confined largely to the north
ern part of the county, but so marked a
success has been the result that it is
purposed to tackle the southern portion
before long. Indeed the establishment
of another store on the South Side of
this city is being seriously considered
and location on Washington street
has been talked about. This will not
mean actually new store but will
simply mean that one of the stores al
ready established will be turned over
to the cooperative association, with the
former proprietor as manager.
The Present Store
The store on Chicago Street became
cooperative April 1, 1908, and at pres
ent has III members or stockholders.
No member holds more than 800 worth
of stock. This stock can be purchased
in installments to suit the convenience
or means of the purchaser. The profits
of the concern are divided equally
among all the members whether full
paid stock holders or not. In the case
of those who are not fully pail up, how
ever, the dividends on their shares are
not turned over to them in cash but are
applied on the price of the shares. Only
fully paid up members can vote or have
any share in the management of the AS
sociation. The manager of the concern
is bonded for much more money than he
will ever have occasion to handle at
one time, and the books of the store are
audited at regular and frequent inter
walls by auditors who are elected every
six months. The association has regu-
lar officers and board of twelve direc
tors. Every stockholder in the county
association which il an independant as
sociation, is also an equal owner in two
cooperative wholesale stores in Chicago
and Toledo.
The Newton Movement
The store on Chicago street had been
established on cooperative basis some
time before any extensive move was
made in the county. In January, how
ever, the farmers of Newton became
stirred up over the subj ct, largely rs II
result of the barley inspection instituted
in this city, and "a meeting was held for
the purpose of establishing acooperative
association. They invited the Right
Relationship League of Chicago to
send out some one to address them.
A B. Hawk and f. T. keyes We're sent
and the result was that d committee
was appointed to investigate the plan
and report. 1t was advised by the
League representatives that instead of
organizing Independently, the farmers
of Newton join the County Association.
Investigating Committee Reports
A week ago Wednesday the commit
tee reported as follows
Manitowoc, Wis, Feb II, 1904.
We, the Committee appointed at the
meeting, held Jan. 10th, have thoroughly
investigated the plan of the Maritowoc
County Cooperative Association, aud
feel fully satisfied that it il the best
plan.
We recommend that we bold no more
We intend to become members Of the
County Association, and we hereby re-
those interested in co-opera-
tion to join it also, and not to organize
Independently, ~ we find the County
Association has already planned for n
store on the south side of Manitowoc,
and for stores in other places as fast ~
is found wise.
(Signed) THOS GRETz
CARL DUvENECk
ANDREW SALVESON JR
A. kARBATCH.
Daring the thirty days in which the /
was investigating more than
$4,000 was subscribed The idea of the
League is that state or national asso-
Citations would be too bulky TO be pro
fitable The county association has
been found to be just the right size.
The Safety of the System
A. B. Hawk has just issued printed
folder on Cooperation in Manitowoc