The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1918-02-11
MANY POINTS AT WHICH
STORES ARE ORGANIZED.

will put a lot Of merchants out OF
business
MANY POINTS AT WHICH
STORES ARE ORGANIZED.
Some idea OF the success OF the
operations conducted to date is
indicated by the list Of places In
which stores have been or are being
organized. A partial list reveals that
the greatest success has been attain
ed in the northwest section of the
state, a district where, according to
reports disclosed at Bismarck during
the special session Of the Legislature,
the farmers were in particularly bad
financial condition.
According to J. NJ. Brinton,
manager of the store system, stores
are in operation at Minot, kehmare,
Devils Lake, Garrison and Crosby.
Stores are in process of 4organiza-
ton or are completed at Grenora,
ParshaIl, Powers Lake, Ray, Watford
City, Sherwood, Columbus. Fortuna,
Wild Rose, Fessenden,/ New Rock
ford, Wing, Kuhn, LaMoure, Coopers-
town, and other places.
WATFoRD CITY CENTER
OF ONE OF BIGGEST STORES,
The Watford City store PROPOSE
ton is one OF the biggest outside Of
the hGIAAAAAAG pIuLEGb1 W&AEtG wi .
Townley is authority for the state
ment that 500 farmers are signed up,
netting a gross income for the store
company of $4,000. over $4,000 of
which the store company has alb
solute control without making any
accounting whatsoever, to the con-
tributors.
On recent date there were $50
farmers signed for, the Watrord City
project, making a gross income there
Of S55, 1000, leaving a clear balance
in favor Of the company, on top Of
its store, Of $4,000, provided, Of
course, that the company lives up
to it's agreement and places a $4,000
stock into the store.
At Kenmare il Is understood the
stock placed in the store represents
only about $4,000 or $4,000 at the
outside, but this is excused on the
ground that IL is exceptionally hard
to obtain supplies at this time.
INCOME is
CREATED BY INTEREST.
Another phase Of the financial
side Of the store plan is that relat-
ing to the notes given by the farm
ers. In most instances 1t is provid-
ed that the store shall be established
before a certain date, which is us
ually about a year from the time the
notes are taken.
The notes bear per cent interest,
and so, in the case Of the Watford
City store, with $50 farmers signed
up for a total Of $4,000, the COM
pany would realize eight per cent
from the time Of signing. In the
event that the store isn't established
till the end of the one-year period,
each farmer would be paying, in
fact, $108 for his certificate, instead
Of 500, while the company would
receive a total OF SIS, 400, or $4,000 in
On the basis Of s960,000
worth Of certificates sold, the in
terest item alone is nearly $4,000 a
year.
While the notes are drawing in
terest the farmers are getting no
and must rely upon the To-
cal merchants. whom the company
expects to put out Of
business, to supply them.
In explanation OF the belated date |
fixed for the opening of the stores,
It is pointed out that the problem of
securing suitable store room is al
big one in many places, so that time |
Is required in which to build. III
PAY NEARLY $4,000
TO MEN.
On the basis Of the sale of $780, |
300 worth of the purchasers certi- !
ficates, as related by The Forum in
It's article OF January 10 and sub
sequently testified to by Mr. Town
ey in his bankruptcy hearing at
Bismarck. the commissions paid TO
reached the grand total
If $4,000.
The commissions paid aggregate \
Xix per cent OF the subscriptions. In
ZACH store district, a team of work
RS is placed, the team working un
Ter the direction of a foreman. The
receives six per cent on all
taken by all members
II his team, and he pays to the or
sanizers five per cent, leaving a
let profit for himself of one per cent,
n 81, on each certificate sold.
The teams under four or FIVE men,
Is a rule, and they comb a district
on a well organized
,asis. Each certificate prospect Is
ard indexed, and one mans fall
ire to sell q certificate often paves
he way for one Of the other MEM
,ers of the team to make good, by
system Of reporting that gives to
he next organizer delegated to visit
he man tips on the prospects,
vulnerable points of attack
BY this system Of reporting and