The Springfield herald., 1918-10-11
The Fa ctory Situation
And the Crop of This Year
How and when
will be made on brush.

How and when
Payments will be made on brush.
Stock holders want to under
stand that the association isn't
going to buy their brush. and
that it can "pay down" on brush
when delivered only in accord.
ance with funds on hand for
that purpose.
This explanation is made be-
caise some of che stock holders
claimed to have been informed
that the association was going to
start b1ush at, or go to paying
down, a certain figure-$240
claimed by some, upon the deliv-
cry Of the brush.
Because of this misformation
Or misunderstanding, and because
a number of stock holders
haye wanted to know what we
are going to paw for brush, we
open this WITH the direct state
ment that the association isn't
going to pav anything for brush.
If the association had been or
ganized by few individuals as
are business companies, solely
for profit, it would buy your
brush-just as does the concern
at Lamar, and, like that and all
other private concerns, buy it
just as cheap as it could; and
Then you would be just as we'll
off as you have been all the time.
The association wasn't organ
lied to create a buying market
for your brush, but that you
might have your brush made in
TO brooms, and thus to enable
you to get broom values for your
brush as against buyers value
of ia.
The 6rst you will want to un-
derstand in this arrangement of
the association is
The Equity Plan -e
OF the Bn siness,
adopted by the board Of direct
ors. reading as follows:
"As a working basis for the
management of the business of
the Baca County Broom and
Brush association, and for the
selling of stock, be it resolved
by the board of directors of said
association y
First. That so per cent of
what the brush nets in marketed
brooms be considered as the
market value of the brush of the
STOCK holders in this association,
and that all above. this so per
cent be considered as net profits
in the business.
Second. That 25 ID of the net
profit-when same has been de-
clared, be paid on brush of stock
holders brought into the factory,
in addition to the considered
market value of said brush.
Third. That % per cent of
this net profit lie declared as div
idends, and paid to stock holders
according to the shares of stock
each holds.
Fourth. That the remaining
so per cent of the net profits
for the first year and until other
wise ordered by the board of di-
rectors, be kept in the business,
to be used as directed by said
board of directors.
Fifth. That at the end of
any factory quarter of the fac
tory year the plan of payment of
the brush of stock holders may
be chapgedbS the board of di-
rcctors, if found that the so
..er cent calculation is too low to
consider as the assumed market
value of the brush of stock hold
ers, and raised to such figure as
it is believed that the market
may require"
To make sure you thoroughly
understand the above, read it ov-
er carefully a. second time, aud
third time if necessary. and al
so call at the Herald office and
get the little circular explaining
the whole factory program.
Now about the plan and time
Of payments, and to understand
the factory Quarters spoken of
above, here Is the plan for