The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1910-04-12
COOPERATIVE GRAIN PLANS

The Equity Farm Journal, the oficIal
publication Of the American soeIsty OF
Equity, published at Indianapolis, has
the following about the cooperative
grain elevator at New Rockford, this
state:
The American Society of Equity has,
perhaps, done more than any other in
stttution In this country 10 SUNNY
something 10 MI the need and make the
people realize the necessity of these
reforms Members Of the A, n. Of n.
at New Rockford, ~, d, have, er a
small scale, been operating a grain eie-
Vator on truly cooperative plan, Dis
tributing profits on a basis Of patron
age among the members ia a feature,
In other words, Ii makes each a sharer
In the profits left after operating ex-
penses are paid A reasonable reserve
Is set aside with interest On the eapi-
tai stock provided for, this after the
payment of years dues TO the Amer
lean Society of Equity cut of what
pfef1ts would amount to, Their com
pany pays the same price for grain as
Is ordinarily paid, buying Il on a
prehta6ie basis, and at the and Of a
years operations, as was shown IN the
last year, pro rating back 10 every
patron who consented TO become or was
member of the A. q, of Il, sue per
bushei on grain, During the wear the
se-eaiied oid-line elevators had hesr
eIefihs from ha to Do per bushel more
at various periods than this elevator
was paying, When the years business
was wound up those who had eatFon-
lzed IL round to tatiP delight that In
stead OF getting / cent a busheI more
on s9me leads, " cent ON others and
cents on few, they had gained az
cents on every bushei which they had
sold,
NO further comment Is necessary ia
prove that the grain growers in the
whole section of the New Rockford
territory will undoubtedly patrenize
THIS concern next year, This COM
pahy also took up the handling of coal
Oh Ehe same basis, an when a years
business had been done pre- rated
aaek TO every purchaser of coal az az |
per toh' This institution is foundad
ON truly cooperative principle. II /
realizes that capital and warehouses
can not produce profit without patron
age and that the more patronage
liners Is the greater the profit. and
tllat' thefefere, patronage should /
snare In all profits and capital not To
an extent greater than what Ii weuid /
earn II used elEewhere-that IA res,-
sohaele interest. 1t Is safe to say
that IL Will be offered for the Gen.
hsetieH OF all local institutions On a
national scale with this principle IN
view, which will truly near a aa..,
order of things,
We would suggest that ~ tia ~ma
posed farmers convention az ~
Louis next May would bs nredpetiva
OF sene such plan 1t will aeeenaniish
greater things than most psepie ear
comprehend at this .4me. ~ u,a,,,s
mean the beginning of change IA tha
present system of distributing farm
ana factory products. arr paarA thar
prebably give the producer az nar
cent OF what the consumer nava ~,ltt
greater assurance of bringing thay.
70 the latter at a cost of as nsr eart
as against S5 per cent, Ali persnv,a
VINO anticipate attending the ST. Ioufr
convention will do we'll I'm giving All.
suggestion serious thought.
~ Better roads for North T,akota
e good slogan,
car Champaign. ILL.,, went sztra dry At
the resent election.
- The sentiment favoring . safe
Ind sane Fourth is Increasing.
1
Ew The decent autoists should be thu
irst to regulate the speed naniaca.
ffw Andrews always responds when
he cry goes forth from the morning
organ. Il
'fS' u IL said that former Governor
rAIl. af AAla....-a ---.-