The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-03-09


Gus farmers have money to deposit or
Southern agriculturist will furnish
moro material to be worked up into
finished goods. and will consume more
while the business men will prosper
as tho farmers become better and
steadicr customers.
Experts to BE on Hand.
Experts in every form OF co-opcra-
ton have been called upon to tell the
conference precisely how TO start this
movement throughout the South. j. c.
Caldwell. who is one of the great lead
erS In cooperative enterprises In this
country, will tell how the agricultur-
lists about his home town of Lakefeld
Mimi. have successfully managed CO.
operative store, creamery, grain eleva-
tor and bank
the operations of similar enterprises in
his community. while T.. NJ. Tousley
will show the effects OF co operation
upon farm communities. and Il. L..
Hacker. of the same state. will give
the history of the cooperative cream
cries in Minnesota. Many others viii,
be present from various parts OF the
country to tell their story.
Some start towards farmers coon
Grafton has already been made in the
South. Among the successful Southern
enterprises of this kind are the East
ern Shore OF Virginia Produce FIX
change. which is a growers agency for
marketing sweet and Irish potatoes,
berries cabbage and onions; the Vir-
GINA Fruit Growers Selling and Pur-
chasing Agency. fw the co-operativc
selling of apples. located at stanton;
the Cooperative Dairying Association
at Catawba County N. G., and the
Farmers Co-Operative and Educative
Society, which runs store in Wood
iord County. Ky.
These enterprises will he discussed
at the conference. respectively by A..
j. McMath, Clarence w AIoomaw w
j. Shuford and Frank NJ. Mckee, all Of
whom have had a hand in their de-
Velopment. The talks will deal with
cooperation in AL IT'S aspects with
methods OF organization and conduct.
as well as with the, economic, ethical
and social aspects of the movement.
Every address Will be very short and
intensely practical In character. There
VIII be no oratoIy nor generalized
statements. Ways. means and results
are the phases TO be stressed The CON
ference will deal with the big problem
or how The farmer can make more
money in Just as businesslike q man
her as the same problem would be
handled by the directors OF great cor
poration.
DIR. Coulter's vfcus
Dr. Coulter who Will himself ,ai-a
part IN the conferences ana speak. 10
most optimistic about the result of tho
conference. III ve can Just get a few
OF these cooperative agencies going
IN representative sections Of the South
ne declared yesterday. the Dement'S
on this form OF organization will sDeed-
ny become SO apparent To other farm
.tttt ..1l
~ ana IN very short time. COMPARE
uNc!y spea king. the whole farm in
uustiy OF the South Will be band 10
sether. not merely to talk, but to din
nctter business, produce more. market
better. etc
"cow-testins associations have been
o'Sa ni"ed In various places in Eurono
az well as In this country, and by weed
ing out lazy cows and by better feed
ms the average amount of milk ner
co" mas been doubled. Corn clubs have
doubled the yield OF corn The same
icsui's can be obtained in any branch
OF agriculture.
mas been demonstrated that "A we'll
organized marketing association viii
aud from 10 TO - per cent to the prica
winch farmers get for their produce
even "hen 1t is marketed through mid
uieneh' suppose that similar organ
nG
same conservative manner: even So
,hey would add not less than two
hunored and nifty millions of dollars
ts-"o.oo0, 0Uo) annually to the farmers.
hc ..1., RMS is the result of system.
ELSEWHERE cooperative stores paw
tbei, s,eoi o; rom 10 TO 20 per cent to
.helr stockholders. These stores at
present buy their goods like any
others, from jobbers and WHOLESALER
ana sell at regular prices: no cut
tnroat competition with other mer
chants being attempted
he profits are returned tn ,b.
s'ockhoiders who run the store CO.
operatiNely in the form OF DIVIDENDS
on the basis Of business done This
virtually amounts TO a rebate on IN.
goods which the co-operators buv ar
the store. Southern farmers now b,,v
sooos amounting TO two billion dollars
year. If they all bought co-oper,-
lively they would effect :, savinr -,
not less than three hundred million
collars n year, even when no allow
zion.
interest Counts yp.
y further tremendous saving Ga,
be made in interest charges ,rhn
southern farmers probably borrow
something like two billion dollars .
year IN some form. This money is
ioaHed them generally in the form of
- VI SoouS. The banks of The
ohited states pay their depositors on
an average Of 81 per cent for the use
OF the money; they loan il TO tho mid-
uleihen at an average of 10 per cent
ana frequently the middlemen, i'm turn
p i,n u out among the farmers at about
20 per cent.
uhuer an improved credit system
ihucn OF this advance in interest rates
can be saved 10 the Southern f,rn,ar
20 operative banks could be organiIed
s.iiiihr IN operation TO co-operativc
stores which would rebate TO thejr
farmer stockholders, in the form, ~
u ~, the profits made by lending
Ing rates g. P'cNaii-
o.sa Ihis scheme has been worked sue
go aiready IN ."is country. one
Npe or credit system TO be outlined
"a me coming conference is the So
e".ita heineisen' plan, which orirI-
~ iaeea IN Germany. Under this plan
me farmers OF given community ciub
.nc,r surplus moneys together and
maize rt-term loans to each Other
AT a rate which will pay the nssocia.
ioh bank interest, plus cost of 49,,
$500 Isl VI iudH-