Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1919-03-27
fREORCANlZE OR
GET OUT SAYS
N. D. BANK BOARD
Ultimatum Issued Consumers
Stores By North Dakota
Blue Skv Commission.


Bismarck, N. D., March 25-(Spe-
cial al)--"Reorganize on cooperative
basis; share with your $4,000 cer-
tificate holders some of the profit
which their money has earned; do
business on give and take basis, or
get out OF the state
This, virtually, is the mandate
which the state banking board, COM
posed of Governor Frazier, Secretary
of State Hall and Attorney General
LANCER yesterday served on the Con-
sumers' United Stores Co.
Resolutions Adopted
At the meetings OF the banking
board or blue sky commission called
especially to consider the defy Of the
board by the Consumers Co., deciin-
ing to submit to the authority Of the
blue sky commission and to cease
the sale of certificates in North Da-
kota, as directed, Attorney General
LANCER moved and Secretary Of State
the following resolution:
BE 1t Resolved, That inasmuch
as the officers of the Consumers Uni
ted Stores Co. evidently have not
read the decision in the case Of Ros-
sen vs.. Welch, in which the supreme
court of this state interprets con-
tract practically identical with that
issued by the Consumers United
Stores Co., that the secretary OF
the state banking board send the Of
ticers of the Consumers United
Stores Co. copy of said decision by
registered mail, and that their at
tention be specifically called to the
fact that the contract Of the Con-
sumers' United Stores Co. is practic-
ally identical with that Of the Lig-
mite Consumers Mining Co., which
was construed by the supreme court.
t'Be 1t Further Resolved, That in
asmuch as the memDers OF the BANK
ing board have seen the contract is
sued by the. Consumers. y1ited
stores Co. that they exDresssa. de-
sire to meet with the othcera Of the
Consumers United Stores Co. for q
conference next Thursday Afternoon,
the object of which shall be q dis
cussion as to the aestrability Of plac-
ing the affairs of the Consumers
United Stores Co. on a strictly CO.
operative basis, fashioned after con-
Germs like the Equity Cooperative
Packing Co. Of Fargo or the Equity
Cooperative Exchange Of st. Paul;
that stock be issued to the farmers
and contract holders, and that the
management be placed in board OF
directors to be. selected by the farm
ers and contract. holders themselves.
Belt Further Resolved, That the
state banking board 60 on record as
advocating the proposition that the
consumers should so organize as to-
buy goods at the lowest price pos
sible, and that they endorse that
general idea, and that for the pur-
pose Of enabling the people Of this
state to get goods at the lowest price
possible that they urge clean-cut,
definite arrangements along lines
which will enable the stores now OPP
Grated by the Consumers United
Stores Co. to become units OF q CO
operative system which will enable
them to buy goods in large quanti-
ties and to sell them to consumers at
a corresponding lower price.
BE It Further Resolved, That the
banking board direct its secretary to
urge the officers of the Consumere'
United Stores Co. to attend The meet
ing heretofore mentioned, ana to
convey tie message to the officers.
Of the Consumers United Stores Co.
to attend the meeting heretofore
mentioned, and to convey the mes
sage to the officers Of the Consum-
ers' United Stores Co. that the state
banking board Is anxious, willing.
eager and desiriOus of having coop
erative stores In North Dakota, and
that they will cooperate freely and
gladly to the fullest possible extent
In the establishment and manage
ment Of them. AND THAT THE
STATE BANKING BOARD WOULD
REGRET ANY ATTITUDE ON THE
PART OF THE OFFICERS OF THE
CONSUMERS UNITED STORES CO.
WHICH. WOULD PREVENT THEIR
ESTABLISHMENT: ~ ~ js5s
TO PHOTOGRAPH GRAVES
identified graves Of American sol-
Ainra IN France will ia nh0fnwra nh
ed and forwarded to relatives ii this