New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1919-10-22
FILE ARTICLES OF
INCORPORATION.
THE PEOPLES COOPERATIVE
ASSOCIATION TO RUN
STORE HERE.
RoCHDALE STORE SYSTEM Is
UNDERLYING PLAN OF
NEW VENTURE.

The cooperative movement of the
present day has entered New { In in
a new form. The city is to have a
cooperative store en- the basis CT the
so-called Rochdale 81 stem. Articles Of
Incorporation have been fled with the
Register of Deeds, Monday, October
20, and tie new corporation was formed
Wednesday, October Is According to
the articles of Incorporation, the gem
eral nature of the business of the cor
porationz shall be to engage in ard
conduct any agricultural, dairy, mer-
camille, mining, telephone, manufac-
turing or mechanical business upon tie
cooperative plan known as the Roch-
dale system
Seven Directors.
Those behind the movement are
seven citizens CT New Tim who are nan ed
as the persons forming this corporation.
They are: Arnold Cordes, Walter K eek
eisen, J. H. Haenze, Irwin c. Alvin,
Geo. ]. Hofmeister, Henry Hogen and
Hubert Nielsen. These men also form
the. first board of directors who have
charge of the management.
The first officers are Arnold Cordes,
pres; Walter Keckeisen, vice-rres.; and
J. H. HaenZe, sec-treas.
Capital Stock Is $4,000.
The new enterprise has been incor-
porated for the sum of $4,000 and the
articles of incorporation provide, that
this total is to be divided into four
hundred shares of the par value of $4,000
each.
Part of this stock was sold at a meet
ing held last Wednesday at Gebsers
Hall for the purpose of getting the
movement under way. Lewis j. Duncan
of St. Paul was present at that meet
ing having been invited to address
local workingmen and farmers on this
subject.
The Rochdale System.
The speaker outlined the Rochdale
plan of stores as carried on in Great
Britain and parts of this country. He
related how the movement started in
1874 and grew steadily until today it
com prises between one-fourth and one
third of the population of the British
Isles. In 1874 twenty -eight weavers at
Rochdale, because Of their difficulty In
making both ends meet inaugurated a
plan, whereby they purchased the gro
ceries they consumed in quantity and
distributed them among themselves.
Figures given BY Mr.. Duncan showed that
all profits or savings NJ ade by the Roch-
dale system Of cooperation, are returned
to the patrons in proportion to their
patronage. The plan under which the
organization is operated ccntemT Plate
the sale of stock in any con munits
where the people are enough
interested in the establishment of such
a store.
Double Interest Paid.
The stockholders receive the legal
rate of interest on the par value OF their
stock, according to the plan. But be-
sides this, it is stipulated that dividends
are paid each stockholder on the vol
ume of business he does with the store.
If he buys $50 worth Of goods during
a month he will receive the dividends
on that amount
Buy In Car Loads.
Part Of the saving through this system
is gained by the method Of buying.
Goods for the Rochdale stores are fur
nished by the Cooperative Wholesale
Society of America which is doing bust
ness at St. Paul, Seattle, San Francisco,
Great Falls and in the states OF Indiana,
Ohio and Illinois. This Society has
agencies in practically all important
markets in the United States for mar
keting farm products, and affiliations for
handling all kinds of commo ODDITIES. They
handle car loads Of apples, peaches,
pie cherries and other fruits from Mon
tana,, Washington and Idaho; grapes
from California and Oregon, and huns
areds of car loads Of potatoes and cab
bage from farmers in Minnesota, North.
Dakota and Wisconsin. Mr.. Duncan
said that the Society does not claim to
eliminate the middlemen. They become
the middlemen themselves and eliminate
all that are unnecessary. Their business
is to get all the necessaries Of life direct
from producer to consumer without
any expensive, competing system that.
necessarily makes the high cost Of living.
Easy Terms.
It was pointed out BY the speaker and