The Richfield recorder. (Richfield, Idaho) 1909-1931, 1914-09-10

said to be digestive aid of great ef-
fectiveness. Altogether the company
takes in annually for its products the
considerable sum of S4,150,000.
Profits to the Farmer.
At the time when the milk is deliv-
cred to the concern the farmer is
paid little over two cents a quart.
This is exactly the same price which
others are paid for their milk by the
distributing companies. In case OF
the man who delivers to one of the
joint stock companies this is all that
the farmer ever receives for his milk.
The farmer who is a member of this
cooperative concern, however, at the
end of the half yearly period receives
a dividend which amounts to about
one cent per quart. At the end OF
the year there is generally a small
additional surplus, so that the farmer
has altogether received over three
cents quart for his milk, almost one
cent more quart than the person
selling to the private distributors.
But this is not all. The farmer has
cooperative concern. Yet at the end
Of the 20 years the 100 farmers are
in possession of plant which is prob
ably worth 100000 and which has
been accumulated out of the profits OF
the establishment. This is the prop
erty of those who have delivered the
milk to the concern. 1t belongs to
them in proportion to the amount of
milk which they have delivered, taking
into account, in every case of course,
the quality of the milk as well as the
quantity. The average farmer has
then from his milk, in addition to the
price which he has already received,
made a profit Of $4,000 for the 20
years.
Cheap to the Consumer.
On the other hand, the prices paid
to the cooperative concern by the pri-
vate taker is extremely moderate. For
the ordinary quality of milk, which
corresponds to our certified milk, he
pays about six and one-third cents
per quart. For the special milk, the
infants milk and the hospital milk,
which is of quality seldom found in
American cities, the consumer pays
seven cents per quart.
Capitalized Without Money.
Twelve years ago when the Tri
folium was organized, not a dollar
was furnished by the members. One
hundred farmers got together and au-
a few of the leaders to bor-
row $125,000 at the bank. 1t is to be
in this connection that the
banks of Denmark consider loan to
a cooperative association which has
no capital stock and no tangible prop
erty as perfectly good loan. 1t has
been demonstrated again and again
that these associations are planned in
such a way that they are worthy OF
credit 1t is considered as safe as
any American industrial bond. In this
case as in ali others, only few of
the leaders signed the note at the
bank, although of course the entire
number who were in the organization
agreed to stand back of those who
borr wed the money. The bank was
safe. both because the 100 farmers
were responsible finan-
cially, and because they knew CO.
operative concern such as this was to
De was q sound business venture.
The arrar cement with the bank
vas that the money was to be paid
pack out of the profits In annual In
Jtallments running over 20 years
The rate of interest was low.
The association has been in opera
ion IL years. A larger sum than the
original $4,000 has been advanced
because the volume of business has
,een so great that it was necessary
O make additional investment. The
concern has now 100000 invested
Nevertheless the entire indebtedness
will be wiped out within the 20 years.
Quality First.
It Is to be noted that this co-opera-
i've milk company succeeds, not be-
ause it is cooperative, but 1t sue
eeds because it stands. as do other
concerns, for the highest
ossible quality in its product 1t
trictly enforces rigid rules relative
, quality and takes every precau-
on to insure cleanliness and purity.
ONE of the requirements which it en-
,rces upon those who furnish milk
} it are as follows:
First, there must be q monthly in
pection of the cows by the veter-
larry representing the distributing
second, all unhealthy or de-
,ctive cows must be instantly with
rawn; third, any slight sickness be-
yeen monthly visits must be reported
, the company and the milk kept sep
rate; fourth, all sanitary directions
, to ventilation. cleanliness. etc.,
lust be followed; fifth, milk from
,ws others than those inspected and
lder control must not be mixed with
lie milk furnished to the company;
xth, milk intended for infants use
hospital use must be produced
ON COWS from which are excluded
| feeds and folders injurious to the
lvor or quality of the milk; seventh,
ere must be a periodical examina-
On for tuberculosis; eighth, the milk
ust be cooled in some efficient way
soon as drawn from the COW, so