Daily Arizona silver belt., 1909-04-04
a rapid rate.

I rapid rate.
 Who can compare accurately the ratio of progress for the past five years with any part of the 17th or 18th centuries 2 We know that the rate of progress is phenomenal as compared to any period of the past.
 The problem of manufacturing having
 been solved, there still remains the problem of distribution; this has been conducted by the individual retail deal CT, who is now being rapidly super seded by the incorporation, and this we observe in the form of the great depart ment stores of New York, Philadelph; a, Boston, Chicago, New Orleans, St. Louis, St. Paul, Denver, San Francisco and even Globe, Arizona.
 The latter being the principal place of business of the Arizona Cooperative Mercantile company, and also the place where the company was organized. This company was organized and is ocn- trolled by wage workers in the District of Globe.
 The organizers of this company con slider that industrial development has l reached the state to where it is neces sary to organize distribution on the plan of the Arizona Cooperative Mercantile Co.
 The plan of this company is-that the great mass of wage workers (the patrons of the retail store) shall own, control and direct distribution. This company has gone step fur ther than the ordinary commercial com
 pany by organizing the consumers; making it possible for the consumers to spend their money with themselves, the profit of the business returning to them in the form of dividends, which is equal to an increase in wages. The Arizona Cooperative Mercantile Co. is organized under the laws of the Territory of Arizona, with the privilege of conducting general mercantile bus mess Wholesale and retaiD in any state or territory of the United States. This company is capitalized at $50,. 900 divided into 5000 shares, par value 5000. The bylaws of the company provide that no per-ic or company may own more than 2i ares of this stock. The purpose of iA,s clause is to pre- vent one or two persons from getting control of the company, and thereby destroying the plan of organization; which is to maintain thoroughly dem ocratic organization and also to elimi- nate the waste of competition; but pri- marily to maintain company that will be direct benefit to tthe working peo- pie.
 Knowing from past experience that no stock company is maintained for the working people except they own and control it, our purpose is to make it possible for the enterprising working man to invest his little savings, and to have complete control over the invest ment.
 The company, under the able manage ment of l.. B. Doane, is now doing fourishing retail liquor business at the Bank Exchange Saloon in Globe. While We are not in love with the liquor busi- ness we maintain that so long as work
 ing men patrohize saloons the may just as well own and control the saloon, and regain the enormous profit from the liquor traffic.
 This company is not organized on any sentimental principles, but the s,, mo n. on,, o+bar ;poornorot;op # ;c going into business for profit, and nov ing along the lines of least resistance. We do not Claim that this company is working class movement that will be benefit to the entire working class, but we do claim that it will benefit all those who can and will go into the en- | terprise. It IS the intention of the directors to start another project in the
 near future, and for that purpose they
 have ordered 100 shares of stock to be
 sold at par value, giving the purchaser
 the benefit of the project already in
 operation.
 It is the purpose of the company to
 extend the. business as rapidly as indus trial conditions will permit, until the
 entire capitalization of $50,000 is in vested, and to. do this we solicit the CO.,
 operation of all enterprising working
 men, who can and will make an invest ment.
 The stock is on sale at the company E
 office, in connection with the Bank Sa.
 loon.
 D. HABERBOsCH, | Gec Treas