The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1908-04-23
for the whole community.

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borrow money. Build a good plant
and hire a good buttermaker. Bring
in your cream three or four times a
week and keep it clean. The better
butter you make the more of it you
can sell and the higher prices you can
obtain. I would rather eat oleomar-
garine than poor butter, and there are
thousands of others who would do
likewise.
AS to your COWS, you should weed
out the poor ones and you can only
determine which are the poor ones by
an individual test. Weigh the food
each COW eats, the milk she gives and
the amount of butterfat she puts into
the milk.
Go ahead with your creamery,
gentlemen, and the sooner you have
it in operation the better it will be for
you.
F. S. Stone, representative of the
Creamery Package Manufacturing
company, Minneapolis, then made a
short address in which he advised the
farmers not to hesitate in purchasing
stock. The amount per share is small,
said he, so don't stop at one share,
purchase the full limit if you can
afford it, and no doubt most of you
can. You will find that the stock will
pay you hundredfold. Construct a
substantial brick building with
cement floors and good sewer, hire
a good buttermaker and start right in.
There is no reason for any delay.
Then, with the number of available
COWS you have, the enterprise is bound
to be success. It cannot be other
wise. I would advise you to make
a canvass for the sale of more stock
Immediately and then incorporate.
The articles of incorporation were
then read and approved. They stipu-
lated that the association be known
as 1.-The Princeton Cooperative
Creamery" and that it be capitalized
in $40, 000-1, 900 shares at $40 each.
Mr.. Galley suggested that the money
for the stock subscribed be collected,
that site be selected and the building
started at once. He thought there was
no necessity to call for bids, as the
building could be constructed just a
cheap, if not cheaper, without it.
A motion was then adopted EN-.
powering the board of directors to
proceed, in such way as they saw fit, to
erect a building.
| The bylaws prepared by the COM
mittee were then read and also those
of the Milaca creamery, and after con-
siderable discussion the former we're
adopted with one slight amendment.
r. c. Dunn stated that the main
question was, "Can you raise the
necessary money!" If you can, pro-
coed to do so at once and go right
ahead and build. You cannot incor-
porate until you raise 20 per cent OF
the capital stock, or $4,000. Get
sufficient farmers to sign to assure the
naturalization of the project. l
would suggest that motion be made
to the effect that when 1900 has been
paid into the treasury the creamery be
incorporated.
A motion of this nature was adopted
and the meeting shortly thereafter ad.
journed.
The board of directors will hold a
meeting next Saturday at such place
as they may agree upon.
The way to build a creamery is to
build it. Before the company can
incorporate $4,000, or 20 per cent OF
the capital stock must be paid in.
That amount should be subscribed at
once, and articles of incorporation
should be filed and published. Work
should be commenced on the creamery
building without delay. Every days
delay is so much lost to the associa-
ton. Farmers should take several
shares OF stock each-one $40 share
does not count for much. Stock
holders will receive 10 per cent interest
on their shares. What better invest
ment could farmer make? It will
require about So, 500 in addition to the
bonus OF 81, 500 to build and equip the
creamery. Surely that is small
amount for two hundred farmers to
raise. If the full amount is not raised
within week we will be greatly dis
appointed. The time for talk is past.
Get to work on the creamery. 1t is up
to you, farmers. Build, own and
operate your creamery and every
dollar there is of profit in the business
goes into your own pockets. This is
to be solely farmers creamery, run
by farmers and for farmers. If you
have not already subscribed for one
or more shares of stock call at the
First National Bank and do so at