Every evening, Wilmington daily commercial., 1920-06-22
prep JSED PLAN OF
| COOPERATIVE STORE
Explained in QUESTIONABLE Sent
to Employees Of Powder
Companies.

Details of the plan for the cooperative
store which du Pont employees are con-
! sidcring are given IN q communication
sent ont bv W \. Sin on on. chairman OF
the employees committee This COM
muGlcation went to all du Font employees
and .n Il number Of those working for the
Hercules and ATLAS companies Along
with the announcement went n question
! nairr. the purpose of which Is to give those
! Interested an opportunity 10 express
their opinion Of the plan. II sufficient
interest is shown, the cooperative store
will, II Is expected. become a reality IN n
very short time In the outline OF the
plan the communication saws
"It is thought that Il proper support
is given To an enterprise ot this KIND, II can
bc operated successfully and will not only
] allow It's stakeholder 10 reduce the cost ol
! living. hut will also bc OF benefit 10 the
! residents Of Wilmington There Is an op-
pnrtuuitv for the mcmhcrs to regularly
accomplish An average estimated saving
ol from - Ia H. per cent or more on heir
daily food purchases. and this question
uairc Is submitted IN order that each
! individual may express whether ne IS
Interested and O obtain 4 more detlnic
l,lca as to whether the employees Will co
| nperlf,, - such extent rs to warrant
c.,rvvipg ont th, plan II should hc
3rccneuzed tha the success ot the enter
pris. and he benefits the stockholders
,lc NE rom the store, Will depend upon
tho volume Of business done, and largely
rpon the patronage and efforts Of the
! members thcmS Ives
Briefly the principal features Of the
c,,-oIcrativc stor plan under consldcra-
| tlau arc a- ollows
TN, required capital. namely. 100000,
i to Lc obtained from the sale ot l.00O
| ~har.- of stock at $50 payable ~ wo
Inontllv iu9talmcnts The sale ol stock
viii uo he confined e du Font cmPloYoS,
lui ewing to the limited number nf shares
: Htlcy vii tc sold ~ persons who are the
rr-t ~ sit trile to tho stock when ISSUED
| lvc shares of stock viii hc lmtc,i "a each
h dlylluaI Il Will bc pref ral II have
600 stockholders with one hare each
ach sro,kholdcr VIII he entitled to ono
vote regardless If whether he holds one or
bvc -lqro ot stock.
"Ihc patronage cf All buyers viii le
| solicited amt cnco1rtsod and tho members
tur -trekboldcr41 Viii not have amy cN-
lHSivr privilege far Is lnlNlng IT tile
sfnrt Is concerned The profits IN CASH.
Is II he divided quarterly among the stock
holders, bong ba~ci pro rata on tho total
purchases II each member during The
pcrlai For example one person spending
$500 ia three months viii rcceiv tv!.c tbr
amount 81 ash refund rs member whose
!, reha4,,~ totalei >l50. However the rc-
/ md Will he based "a the same percentage
Il i obvious That member NIL not only
receive a refund IT probably between 10
i , per cent # hIs purchases II dIvi-
,..d- sut viii also receive his portion Of
c profit made on sales to aon-mCmhors.
4 hlS plan makes il necessary for stock
holder to trade at the store In order to
participate IN the profit sharing. and 70 rc-
ceive return from his investment in the
stock.
"The store will he run on strictly
modern lines and will handle good quality
meats. edible products and q complete
stock OF groceries. whereas The prices will
| : reasonable and no higher than the
nthcr grocery and meat shops in Whining
ON \ competent manager will he en-
loved to handle file hlvinq and uIr the
torc while board Of directors. elected