The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1912-03-27
NEW FINANCING METHOD
FOR VALLEY FRUIT GROWERS
Executive Committee Considers
Changes Providing for Estab-
hshment of Surplus
WELL CONSIDERED PLAN
PRESENTED TO MEMBERS
Growth and Development Of the
Association Has Already Car
red Il Beyond the Stage When
the Old Way Sufices

Members Of the executive commit
tee OF the Yakima Valley Fruit Grow
ers' association last evening consid-
cred proposed amendments to the dis
trict bylaws. which anticipate a
change in the method of financing
the association These changes viii be
considered by the board Of trustees
on April %th and by the district as
sootattons on April 9Th. They follow
along the lines Of tho most progress
sive thought with regard to such or
ganfEations, are tho result of long
ard arduous labor by General Mana
ger J. H. Robbins and others and are
believed to be a step which In in the
nature of trail blazing for all similar
organizations. The important change
contemplated is in the following:
Provide Surplus Fund.
Sec. 2. A surplus fund for financing
the Central or Valley Fruit Grow ers'
Association and carrying on its bust
ness shall be provided In the follow
ing manner:
From all sales OF fruit or other
products made by said Yakima Valley
Fruit Growers Association, or Others.
as agent for the member of the Dis
trict Association. or others, In addi-
tion to the regular sales commissions
which may from time to time be fixed
and charged. there shall also be de-
Quoted from the proceeds OF such
sales when settlement is made with
the owner, an additional amount or
percentage as follows;
Apples and pears. !. 3 cents per box
Berries (seliing above 81 per ..4.
crate) ..... 49,. s cents per crate
Prunes -. :. :. "a cents per crate
reaches. :. j. :. .2 cents per box
Grapes. >. :. ..2hc per crate
Grapes (S-lb baskets) Nc per crate
Other Packages.
ANY and all varieties of fruits
or products shipped In either barrels
boxes. crates or baskets and not pro.
vided for in the above schedule shall
for the purposes OF establishment a
the surplus fund, be classed with ant
take the same rate as that above spe.
cited, whose current market value ID
most nearly equals
ION watermelons, potatoes and all
vegetables, berries. fruit or other pro-
duce shipped In sacks or bulk and not
otherwise provided for, there shall be
deducted Ave per cent of the net
amount realized by the Association
from the sale thereof
Views OF Mr.. Robbins.
In support OF this change Mr..
Robbins urged the following:
THE tremendous volume OF BUSH
ness and attending responsibilities
al nl
result of our rapidly increasing MEM
bership and tonnage, has compelled
a most serious consideration OF our
future financial needs In order that
we might continue to successful
conclusion the construction and equip
ment OF a machinery adequate to
meet the demands to be placed upon
1t.
This Is progressive age and we
must keep pace with the rapid de-
velopment OF our Industry and be-
prepared to properly meet the emer-
gencles certain to arise in order to
maintain the position Of vantage
which we now occupy among all other
fruit sections Of the Northwest.
Should We ship but one-fourth of
the predicted fruit crop of the Valley
this season. our box account alone
will aggregate $40, 900 90; our paper
account. $20,00000 to 800 90, and
other items and expenditures in pro-
portion. Should We handle fifty per
cent or more OF the predicted crop,
which seems a reasonable possibility,
these amounts will be doubled Add to
these the cost OF our operations. office
supplies, clerical help inspectors and
maintenance OF our several depart
ments, and while the pro rata charge
per package will be small, the amount
in the aggregate is too great to safely
entrust to the borrowing power of our
collateral security, which is your pre-
sent financial basis.
This collateral security has splen-
didly met every demand thus. far. and
we have no special criticism to make
against it other than that we have
already outgrown it and we would be
derelect in our duty and unworthy
your confidence did we not look into
and plan safely for the future of our
industry
eve have submitted the proposed
plan to many prominent fruit grow
ers. to numerous business men. t
our bankers. our attorneys and other
and have vet the first man TO pon
out a serious fault or defect: al
agree that It is absolutely fair anc
equitable In its every relationship
Every member flna noes his OWE
business. no man finances anethers