The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-07-28
EATON FARMERS
PLAN TO LAUNCH
GRAIN elevator
Organization Of Cooperative
Association Discussed at
Meeting Held Saturday.

EATON. O.. July 2s-Plans were
laid in meeting here at the court
house Saturday evening for organiza-
ton Of branch Of proposed farm
ers' county cooperative grain eleva-
tor association. the local branch to
take in farmers in the vicinity of
Eaton. Fifty representative farmers
were present at the meeting.
Frank Blackboard. Of Eldorado, one
OF the leaders In the proposed county
association. addressed the meeting
and presented a clear and concise ex-
PLANTATION Of the cooperative plan.
A list Of names was obtained among
those at the meeting from which a
committee will be selected to canvass
farmers in the interest OF organization
OF the local branch. The committee
will report at q later meeting.
Branches TO DO independent.
Blackford explained that each
branch or local organization that viii
make up the county organization will
conduct its affairs independent of the
other branches and the county asso-
citation. Each share Of stock in the
locals will be 500, the maximum num-
Der Of shares to be sold to be deter
mined by the members. No one mem
Der can buy more than the maximum
number OF shares. After payment Of
the yearly expenses of the elevator,
each member will receive q guaran-
teed per cent. dividend upon each
share Of stock. The remainder Of
the profits will be distributed pro
rata, the distribution being based up
on the amount Of business done
through the elevator by each men,
Der during the year. The cardinal
point will be that buying and selling
be on safe margin and speculation
by storing grain for higher prices not
be countenanced. Any individual
member can, without objection, hold
his own grain for higher prices if he
SO desires.
After organization OF the county as
ISOLATION. when the various local
branches have been organized, a bust
ness center or exchange. will be es'
tablished in q larger city-Dayton, O.,
or Richmond. Ind. for instance, and
through this will be carried on the
operations Of the various branches and
locals within a radius most convenient
to the exchange. This will include any
branch or organization within or with.
out the county that had been regularly
established under the cooperative
plan. Lima has an exchange that
serves all of northwestern Ohio. Black.
ford said.
Explanation Of the national organ.
ization was given by Blackford. 1t is
comprised of president, secretary
and seven directors. 1t is in charge
of publication. education and organiza
of locals and has a corps of organi'
GERS Within the national body are
700 locals.
Other Towns In Line
The program in Preble county Is to
establish an elevator at each Of the
II railroad points in the county.
Blackford said Monroe township al
ready has an organization with As
members. with .. J. Mckee as presi
dent and Frank Schlosser as secre
tary. He declared that within the
next year the Monroe township organ
ization positively would take over one
elevator at West Manchester and one
Of two elevators at Eldorado. both II
the township.
At New Paris Wednesday a meet
ing will be held to start movement
for formation OF a branch in Jeffer
son township. Early in August g
meeting will be held at Campbellstowr
to organize Jackson township. Move
, ment Is under way for a branch at In
gomar, Lanier township, and much in
terest Is manifested, it is said.
Dixon township will not be organ
lied, as 1t has no railway, but the farm
ers will have an opportunity to joir
any of the locals they may choose
The same will hold good in all local.
ties similarly situated.
Camden has had in operation sew
eral years a cooperative elevator con
Quoted by a farmers stock company.
The cooperative elevators as plan
ned for Preble county would handle
feed, fertilizer. seeds, coal. twine, ce
nent and such other lines rs farmers