Evening capital news. (Boise, Idaho) 1901-1927, 1919-10-16
CONSUMERS LEAGUE
BEING. ORGANIZED
Continued frcm Fage One,

Continued from Fage One.)
tain what lumber could be purchased
for direct from the mills.
AT meeting of the directors of
both the Canal company and the
Pumping company held at jerome on
Saturday, the 18th, at which all per
sons interested were invited to attend,
1.-The committee reported the facts
learned through Mr.. Anderson.
COAST PRICES LOWER.
In brief, we find that lumber can be
laid down at the various towns on the
north side at from S12 TO $50 per
thousand less than is now being
charged by local yards and in many
instances if grade of lumber was taken
into consideration a much larger
difference exists.
1T is the opinion of the directors Of
these companies and of those present
a. the meeting that very large saw
ing can be made in the cost of all
building material and that we should
ut once proceed to avail ourselves of
he reduction.
The growth and development of this
project and the various towns is now
held back largely because of the high
cost of building material. We feel that
the gross profit charged is more than
the business justifies and that we can
secure the lumber and other materials
required for the necessary building up
of the north side at much less money
and yet do the business in a perfectly
safe and legitimate manner.
SAVING TWENTY PER CENT.
1T is estimated by those who have
the best means of knowing that 81
100000 worth of lumber and other
building material, fencing and wells,
will be required on the north side
in the next two or three years. We be-
lieve a saving of around twenty per
cent can be made in the careful buy
ing and selling of this large bill. Ii
is not too much to expect that a saving
of 100000 can be made. This is a
large sum. It's the money saved that
Is really made.
I'VE desire to make It perfectly safe
and practical to do this for you. The
following plan is proposed for your
careful consideration:
PLAN OF ORGANIZATION.
For legal reasons it will be nee
essary to organize a separate COM
pany to undertake this work, although
Il will have a close relation to the
caral and pump companies. These
companies are organized for the oper-
alton Of the irrigation system of the
North Side and as such could not go
into any general mercantile business.
The fencing, wells and telephone work
we have been doing has a direct rela-
ton to canal operation and as such we
felt Justified in undertaking It, We,
therefore. propose to organize a Lum-
Der & Mercantile company under the
laws of the State of Idaho, with cap
ital stock of $2b0000. authorized to
commence business when $4,000 has
been subscribed. Each Aerson resid-
ing on the North Side may subscribe
for 800 Of this stock. No person can
subscribe for more or less, SO that
each one will have an equal interest
Ten dollars Of the amount subscribed
II to be paid at the time the company
Ii organized, the balance to be paid as
called for, providing that not more
than SO may be SO called for within
any two months. The earnings on the
stock are to be applied on the unpaid
balance, until 1t is fully paid for A
dividend of not to exceed 10 per cent
may be paid on the stock during any
one year. All other earnings of the
company in excess of stock dividends
and sinking fund will be distributed
among its stockholders in proportion
to their purchaser during the year.
For example IL the total sales for the
vear were 100000 and a profit Of 10