The Wahpeton times. [volume] (Wahpeton, Richland County, Dakota [N.D.]) 1879-1919, 1916-06-01
TAKING OYER
COMPLETE BUSINESS

The new business enterprise.
h" Equity Cooperative Mill \
Elevator Company. capitalized q
100000 under the laws of North
| Dakota, have taken over tn pro-
perry of the Paramount Mill ana
Elevator Co. The cooperation WI,
have the backing If the biz Equity
| movement Of tn. Northwest.
movement that is building up a
system of cooperative marketing
of farm products. farmers eleNa-
tors, mills. financial institutions
and conducting an educational
propaganda which is teaching bet
ter farming and better marketing
at the same time.
The Equity Rural Credit As
ISOLATION. which is the financial
branch of the Equity movement
will handle the details Of selling
the stock in The new corporation
and starting the mill off with a
clean sheet and plenty of capital
with which To conduct its bust
ness. The present plans are as
follows:
To bring to Paramount q staff
ri people sufficient to keep the
mill running night and day on 8
hour shifts. As the product of the
mill will be ac.lcaliy absorbed
in advance by he Equity locals it
is expected that it will be possible
to keep the mill up to its fullest
capacity every working day in the
year. This will lequire a larg.
amount Of grain and will at once
provide a ready market for local
wheat at good price. SO that the
farmers will have a market az
Fairmount which will! attract them
here in large numbers. increasing
the local business to an extent
that will benefit every business
man in the community.
The plan of the people who are
back of he movement is to build
new elevator which will increase
t the storage capacity and ability
Ia handle a large amount nf grain
An expert grain man who has
mad, a reputation as a success
fail handler of such organizations
will b, placed i'm charge nj the
grain end of the business and the
/ business details of the Touring
industry. Mr.. f. \. fernandez will
remain at the head of the mill de-
partment and Mr.. Schei will re-
main as salesman and assistant
!; to Mr.. fernandez.
Several new families will be
brought to town as soon as the
Ii wv organization takes over the
property which it is planned will
be~-August list next. The differ
ent Equity locals and the local
Equity elevators scattered over
the state are already large buyers
iof flour direct and these organiza-
tonS will at once provide large
output for the Paramount mill.
! The Equity organization is max
ing great Roadway in organizing
farmers business concerns and
now has more than $50 elevators
affiliated with the movement.
Paramount will have the first
Equity milling enterprise that the
organization has ioStered and
with enthusiastic backing of Fair
mount business people and resi-
dents working together with the
farmers it is bound to be a great
and profitable enterprises.
As stated i'm our last issue A.
NJ. Baker secretary Of the Equity
Rural Credit Association and W.
Ocha,npaugh. salesman for tina:
organization have already begun
work on the proposition and a
large number of local people are
already listed among those who
will back the proposition with
their financial help. One-fourth
the capital stock will be offered
to local investors and three
| fourths will be disposed Of am
ong farmers affiliated with the
Equity movement in different
parts of the state.
Paramount with its four rail-
roads and its splendid location is
attracting attention as business
place. Things look rosy for big
things for Paramount and South
cru Rirhland county.