The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1913-07-12
NEW PLAN OF COOPERATION
National President Of Equity Union
Sets Forth Ideas and Principles
of His Organization.


think so much of the Equity Union
plan of Golden Rule cooperation, that
| want to proclaim 1t from the house
tops. This high standard of business
cooperation is being worked out IN |
ten states by the young giant Equity |
Union. A lively campaign OF educa-
ton is being carried on at 100 gooo
markets. and Equity exchanges es-
tablished.
When strongly organized, the Equl-
ty Union will prevent gluts OF central
markets. which now cause farmers 10
! lose millions of dollars. When there
| is sufficient cooperation by our Equity
| exchanges. the price of farm machln-
cry will be reduced so per cent. coal
one dollar to two dollars per ton'
/ -four. feed. fertilizer. and all neces-
| saries will come down. and ccnsum-
ers. as well as producers. will be bene-
fitted.
Local unions are organized at the
best shipping points. When we nave
! 100 or more members at one place
we start an Equity exchange with l0O
stockholders and capital OF SlO,OoO'
We work continually for more stock
holders and more capital The stock
holders control this capital and run
their own business.
The National Union is organized
without capital 1t is an organizing
force, which carries on a continual
campaign Of education, absolutely
necessary to the success Of this move
ment for economic freedom.
The shares in our exchanges are
s25 each. The limit is four shares.
The manager is bonded by reliable
bonding company. His books are care
fully audited every quarter and OFTEN
: II necessary. Our commission firm In
Minneapolis gives each exchange q
set of books. and continual directions
and assistance in buying grain. we
3 work for honest, efficient manage
" ment.
( Each manager is required to buy
D and sell on a safe margin. All pronts
3 are prorated to stockholders according
to their patronage A large volume
S of trade from 200 or 800 farmers re
+ duces the cost of handling and In
t sures the success Of the business. nc
danger of assessments here.
Out of the gross earnings are taker
n expenses. national dues, and i've pei
cent dividends on the stock SUD
scribed. Never allow more than hv'
J. per cent dividends on the stock SUP
scribed. All over this is profit, inquired
as a per cent of all the business fur
nished by the stockholders, and Is pro
lie rated back to stockholders accordin;
y to patronage.
IL Every patron who is a stockholde
s. gets back all that he earns by his pa
10 tronage Only patrons can draw GU
II the earnings of the company, as pa
b tronage makes the earnings. I'M
Dr. plan is Just A small per cent. pal
& for capital. and as large an amour
as possible paid back each year 70
IL patronage. will bind farmers togethe
FL in a union that will be powerful an
d. beneficient.
n Each members produce and nc
lie chandise Is handled at actual COS
~ without profit, and large volume
rs trade reduces the cost OF handiin
Non-members are paid the same
ed members for their produce. but do NJ
al share in the profits.
We pay all the earnings Of the cor
'te pany to patrons who are stakeholder
is. They must be both patrons and sioc
Oh holders to get share OF the car
all ings Non-members will soon see Il
es difference and come in.
Ito TIE central idea in this plan is u
CUB union of large per cent. OF our farl
D" ers. The entrance fee Is three d.
Ire lars. Each member has one vote al
pu- only one. To all members who ha'
no less than four shares, we prorate
lat shares for their patronage until tn
n.y. have four shares, the limit. We W
eg- finally have 200 good farmers unit
en- in each exchange, with a finance
ed standing of $4,000 in the busine
has world, and IL this is not sufficient ca
I've ital, the limit Of shares can
the changed to five or six.
ef- All Of our Equity exchanges mt
ing cooperate in buying and selling.
ons will take time and patience to wo
ate this out. We leave our exchane
free. as we do our members.
OF never drive nor coerce.
llty We are now arranging to buy a c.
Gus trolling interest in coal mine
the our southwest unions. We will do
ndi' same for our northwest unions.
to urge every farmer to rally arou
bic, the Equity Union banner. Leave
nts' profit-system. become golden
In co-operator, and your success as
as farmer is assured. Send ten two-c
lem stamps for the Equity textbook VIII
In .,vas a ,uIl exclamation of our plan