The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1908-08-20
COOPERATION.


COOPERATION.
Louis Rust Writes Interesting Letter on
This Subject to Farmers.
In order to carry on cooperative
Undertaking successfully I believe the
hrst and most important thing to do
IS to transact the business as openly
as possible-to have the books and
accounts open for inspection at any
and all times by the members of the
association so that they may see the
exact standing of the company. This
should naturally create a confidential
feeling among the members-give them
confidence in their own undertaking
and tend to their patronizing and sup
porting it in every possible way.
AS president of the Princeton Co.
operative Creamery company I here
by wish to inform our members and
patrons that our first months busi-
ness has been carefully audited by the
officers and we find the showing very
satisfactory, and I believe if the farm
ers continue to patronize US in the
future as they have in the past, and
the affairs are as carefully and prop
erly looked after, no stockholder will
ever have any reason to regret putting
money into the company.
NIL
There is every reason to believe that
If our creamery was not in operation
the farmers in the vicinity of Prince
ton would now be receiving at least
two cents per pound less for their but
terfat, and as these farmers sold about
$4,000 pounds in Princeton during
July, this means a clear profit of 1928
per month or Sc, 1856 per year-to say
nothing of the butter made at home
and sold to the stores. Thus it will be
seen that this cooperative creamery
is direct benefit to every farmer.
whether he sells cream or butter.
The company holds warranty
deed to the lot and the title has been
examined by competent attorneys and
declared sound. The creamery build
ing is frst-class up-to-date building
with cement corners and f1oors-a
building which every citizen of Prince
ton and vicinity can justly feel proud
of. Its machinery is declared by
experts to be the very best obtain
able.
The lot and building has been paid
for and $500 on the machinery, leav-
ing balance of $500 due on the lat
ter.
To pay this off speedily I herewith
appeal to the public-spirited farmers
who make Princeton their market
place to come forward and buy one or
more shares apiece in the company.
With the liquidation of this small debt
the creamery will be paid for.
Brother Farmers and Patrons: 1
hope you will bear in mind that the
success of the creamery will depend
on the support you give it-that with
out your cooperation the officers will
find it uphill work. But if every
member and patron does his duty
predict that the Princeton Cooperative
creamery will eventually be the largest
and best in the state-not alone for
the reason that the membership con-
sists of enthusiastic and up-to-date
dairymen, but the entire population of
the village of Princeton has from the
very start assisted US in every pos
sible way. The business men have
been very generous. They started US
out with 81, 500 cash donation, they
take us around the country in their
automobiles and assist US to sell
shares of stock, and they do every
thing in their power to help US sue
coed. Even the band boys of Prince
ton contributed their time by refusing
to receive pay for playing at our pic
mic. Hence, with the good will of the
entire community, I feel safe in pre-
dieting a success. .%
Last, but not least, I wish to request
the stockholders to keep close watch
of the business and to bring before the
board of directors any suggestions
they may have for the betterment and
welfare of the concern. This is not
only the stockholders privilege, but
his duty.
Louis Rust.
Princeton, August IS. 1908.