The midland journal. (Rising Sun, Md.) 1885-1947, 1914-05-01


said to be digestive aid Of great ee
feetiveness. Altogether the company
takes in annually for It's products the
considerable sum Of s4,150,O0O.
Profits to the Farmer.
At the time when the milk is deliw
cred to the concern the farmer Il
paid little over two cents quart
This Is exactly the same price whick
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 thai
the farmer ever receives for his milk
The farmer who is 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 q 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
invested absolutely no money in this
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 hal
been accumulated out OF the profits o.
the establishment. This is the prop
erty OF those who have delivered the
milk to the concern. It belongs t.
them in proportion to the amount o.
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 profit of $4,000 for the 2s
years.
Cheap ID the Consumer.
On the other hand, the prices paid
to the cooperative concern by the prf
vate taker is extremely moderate. Fol-
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 Trt
folium was organized, not dollar
was furnished by the members. One
hundred farmers got together and au
thorized a few Of the leaders to Dor
row $125,000 at the bank. It is to be
remarked in this connection that the
banks Of Denmark consider a loan to
a cooperative association which has
no capital stock and no tangible prop
erty as perfectly good loan. It has
been demonstrated again and again
that these associations are planned In
such way that they are worthy Of
credit. 1t is considered as safe az
any American Industrial bond. In this
case as in all 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
borrowed the money The bank was
safe, both because the 100 farmers
represented were responsible finan.
cially, and because they knew . CO.
operative concern such as this was to
be was q sound business venture.
The arrangement with the bank
was that the money was to be paid
back out Of the profits in annual in.
stallments running over 20 years.
The rate Of interest was low.
The association has been in opera,
ton IL years. A larger sum than the
original $4,000 has been advanced
because the volume of business has
been SO great that it was necessary
to 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-
tive milk company succeeds, not be-
cause 1t is cooperative, but 1t sue
ceeds because it stands, as do other
cooperative concerns, for the highest
possible quality in its product. II
strictly enforces rigid rules relative
to quality and takes every precau
ton to insure cleanliness and purity.
Some of the requirements which it en-
forces upon those who furnish mill
to it are as follows:
First, there must be monthly In
spection of the cows by the veter-
mary representing the distributing
company; second. all unhealthy or de-
fective cows must be instantly with
drawn; third. any slight sickness be-
tween monthly visits must be reported
to the company and the milk kept sep
arate; fourth, all sanitary directions
as to ventilation, cleanliness, ETC.,
must be followed; fifth, milk from
COWS others than those inspected and
under control must not be mixed with
the milk furnished to the company;
sixth. milk intended for Infants use