Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1912-11-06
XANDIYOHI FARMERS ELE-
vAToR NOW COOPERATIVE
Gross Business Last Year Exceeds
$4,000. John W1oklund Writes
to Brother Farmers.

GROSS BU11noS0 A&S6 xe6T A4CeooS
$4,000. John Wiok1und Writes
to Brother Farmers.
To the Brother Farmers tributary to
Kand1yohi:
Greetings. The Kandlyohi Farmers
Union Elevator Company held its an
nual meeting last Saturday, Nov 2,
with q good attendance A long report
OF the years transactions of business
was read by the Sec, Mr.. H. H. Fly
care, which was received with real sat
isfaction by all present. The report be-
ing so lengthy, we feel that 1T would be
unfair to ask for space to publish 1t in
the valuable columns of the Tribune.
The Farmers Elevator Company Is do
ing q large business considering the
place and territory. The gross amount
exceeds $4,000 for the year ending
July 31st, 1912, and a net gain of some
over $4,000 for the company. divi-
dend of Is per cent for the stockholders
is declared on the original stock of
$50 per share. At the annual meeting
Of 1911 the bylaws were changed from
q stock dividend company to a cooper
alive company; that Is to say, divi-
dend of per cent is first paid on the
original stock and the balance of the
net gain (if there Is any such net gain)
will be divided equally to share hold
ers as well as Observation-Disclosures on the
volume of business done at the elevat-
or In other words, If one person sells
grain of any kind or buys wood, coal,
-four, bran, feed, Irvine or anything that
the elevator buys or sells, for $1,000,
col 10 h11Hy for
$4,000, be he shareholder or non-share-
holder, the $4,000 draws twice as much
as the 81 1000 value from the dividend
fund On this cooperative plan the &C.
tual seller and purchaser gets all out
of such commodities bought or sold, ex-
cept running expenses, and the 8 pei
cent on the stock. What more will q
fair minded person ask for? This CO.
operative plan took effect Aug. I. 1912.
This summer the Farmers Elevator
Company has built a regular coal ele-
vator, q $50 ton coal pocket, costing IL
round figures $4,000. The coal is drop
ped from the car door into a shute tc
an elevator which carries 1t up to the
top Of the building, and then horizont.
ally to one Of the bins where 1t it
dropped down in a zig gag manner until
the bin is full. In loading 1t, the Gus.
toner drives under a shute to one OF
the bins and opens a lever, in this way
getting his wagon loaded in three min
utes. BY having this coal pocket, we
will be able to put up a supply during
the summer when the coal is cheaper
and transportation easier, and the sup.
ply will go a little further in case Of
coal famine. We have a good and hon
est manager in Mr.. Lund, who serves
all alike. You will get correct weights
on what is sold and bought thru him.
We welcome all farmers tributary tt
Kandiyohi to this, our cooperative plan
The Farmers Elevator Company ha:
built up a business that the whole com
munity ought to feel proud Of, and 81
has our cooperative creamery. We al
so have a cooperative mercantile store
and cooperative stock shippers as
ISOLATION, and all Of them extend thei
hands for business Try them and b,
convinced.
The Farmers Elevator Company hal
a few shares of stock for sale yet
taken they can be had for $500. TIL,
par value per share now is around 500
Respectfully,
JOHN WICKLUND.