Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-02-28
sK|DMORE BILL
To PROVIDE FOR
COOPERATION
Interesting Measure by Mem
Der From COIfax County Is
TO Be introduced in House
in Few Days,

fspHrikl coRREsronpUHoE 70 MORNING JOURNAL
Santa Fe. Feb. 27.--Action Is to be
taken hy the house in a day or two
upon ri. H. 1877. by Mr.. Skidmore,
providing for the organization OF CO.
operative societies. This measure has
several objects in view one Of these
Is 10 make il possible for cO-opera-
tive stores, ereameries. grain eleva-
tors, etc, TO be conducted by purely
cooperative societies, such as the
Roachdale system in Great Britain.
This concern did a business in 1914
Of $500, O00. 600, az a saving to the
producers Of more than 100000, 600.
This is to include snch rules and
regulations as are laid down by the
Right Relationship league Of Mime
apolis. which today controls a string
Of more than 200 stores in the states
along the Canadian border,
The principle underlying these con-
Germs is that capital is to receive a
fair rate of interest on its invest
ment and whatever profit Is made
above that sum is TO be returned TO
the patrons in proportion 10 their
purchases. one man has but one vote
irrespective the number OF shares he
may own in the business, so as TO
prevent any one man buying out the
small shareholders and getting con-
troll No proxies are permitted, but
provision is made for voting through
the mails. Directors are to be such
In fact and not merely In name and
are expected TO keep a close watch
on employees, for, IN most cases the
stockholders are ranchers and Ia
boring men, unskilled In the man
Of IaY antnrnYig4c mud
therefore not in position TO audit the
hooks or to keep track of the bust
ness.
Must Audit Accounts.
The bill provides that directors
must audit the accounts every three
months and are made personally IL
able for all losses they fail to report
All employees are to be placed under
bond. There is clause TO prevent
imposters from organizing co-opera-
tive concerns. How successful and
economic these cooperative concerns
are is demonstrated in Denmark
where the producer gets "a cents out
of every dollar paid by the consumer
i'm England. In the United states. the
producer gets only 46 cents out OF
every dollar. the rest going to the
Spectator, the middleman and the
transportation company
A bill is being drafted by Mr.. Da-
vies to provide bond issue for q
much needed addition to the capitol
to cost not more than 100000. Two
bond issues of 10000 are provided
10 furnish the initial funds as needed.
Mr.. Davies has also introduced the
following bill on behalf OF the New
Mexico Historical society
Palace open 10 Public.
Sec. /. The rooms in the Old
Palace at Santa Fe, now occupied by
the Historical Society Of New Mexico,
shall be open to the public, free OF
charge, every day in the year. on
davs other than Sundays and legal
holidays for not less than five hours,
and on Sundays and legal holidays,
for not less than three hours for the
exhibition of the collections belong
ing to said society. and such historic
objects as may he loaned for the pur-
pose.
sec. 2. To pay the expenses Of
such public exhibition, and Of the
proper care and custody Of said
rooms; securing the safety OF said
collections. including articles loaned
for exhibition, and their display IN
suitable cases with explanatory de-
scriptions: and proper convenienees
for the comfort and benefit of visl-
tors. there IS hereby an annual APP
preparation Of Sl,500. said appropri-
alton to be Immediately available for
the first half Of the year 1915, and
payable hereafter on the first days
Of July and January in each year
upon warrants TO be drawn by the
state auditor upon the state treasur
er to the order OF the treasurer o.
the said Historical Society OF New
Mexico and TO. be disbursed by saiC