South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
FARMERS ASSOC.
IS ORGANIZED
Is Chartered Under the State
Laws With Capital Stock
of 100000.

stockholders of the St Joseph
County Farmers Cooperative asso-
citation. met Saturday afternoon at
the Chamber of Commerce when
they drew up and adopted a set Of
bylaws and regulations to govern
the association.
There were mere than $50 of the
$50 stockholders of the association
present and great enthusiasm was
shown. The charter which was sent
to the state for fling was returned
and has been recorded with the
county clerk.
Election of officers for the newly
organized association will take place
at a meeting OF the directors next
week. Following the election de-
tails will be worked out by the di-
rectorate.
The farmers assert that the pur-
poseo the associa ton is not selfish.
but will undoubtedly better the buy
ing facilities Of the general public
of the city and county for the farm
er's produce. Through the assOcia-
ton all stockholders and farmers not
stockholders, will have the privilege
Of purchasing materials, such as fer
tilizer through the association, there
by getting them at a considerably
cheaper price They will also mar
ket their produce through the or
ganization, especially the dairy farm
ers.
Not New Idea.
10 I
but has been operated in "a number
of states. although st. Joseph county
is the first county of Northern In
diana 10 adopt the plan. In the
counties where the idea has been
carried out the results have always
been satisfactory both to the farmer
and TO the consumer of his prod
ucts, according to reports.
In purchasing materials through
the association both farmer and
dairyman Will profit considerably.
All necessities for the farmer will
be purchased in great quantities and
sold out as the retailer sells the
produce! The idea Of purchasing
fencing was worked out in one
county and the farmers saved 10
cents per rod by buying through the
association. Another instance was
noted where farmers selling their
wheat through the organization
made six cents per bushel more than
they would have through in
dividuals.
Capitalized at 100000.
The association is capitalized at
100000 of which a great portion
has already been taken up by the
$50 stockholders. Each dairy farm
er is allowed one share at $40 on
each head of cattle he has while
the farmer without cattle is allowed
one share per acre up 10 the limit
of so shares Of $500 worth of stock.
The association will purchase the
grain or milk, whatever the product
of the farmer may be, and sell il at
the usual profit made by the middle
man. A small commission VIII be
made by the association and the
balance will be returned to the
stockholders in proportion to the
amount of stock they hold and the
amount of business they did through
the company during the year. In
this way a stakeholder of but a few
shares may derive more dividends
than the heavy stakeholder if he has
done more business through the or
ganization than the heavy stock
holder.
The Main Essential.
The main essential Of the organ
ization as outlined will undoubtedly
l,a he n IF ho n.
question. The proposition that the
farmer has TO deal with at present
concerning his milk is that one day
he may be able to dispose of all he
has while the next day ne will not
be able to sell all and will be forced
to take the remainder home and
either feed it to his hogs or make
butter
This difficulty will be overcome by
the association I'm time they say fact
lities will be had for handling an ex-
cess OF milk and either butter or
cottage cheese made of it. In this
way the farmers will be able. as
time goes by. TO sell their milk at
few cents less on the gallon, as
there will be no waste 10 him and no
bother with the excess which he
has had 10 contend with in the past.
In this way the consumer will be
benefited in that the retail price
should drop a few cents accord
ingly.
The farmers will not sell his milk
as formerly by the gallon but will
sell IL by the pound which will tend
TO get better milk for the consumer
| if posi- BILE.