Clearwater Republican. [volume] (Orofino, Idaho) 1912-1922, 1920-10-15


each or a grand total OF s96o'oVo'
the rate at which memberships
we're being written II is likely that
the total is well over 10000, with
total of One Million Doil@rs SUP
scribed by the end of January.
What becomes of the 500 paid In
By The farmer member!
The question can be answered IN
part by q reading of the contract or
agreement which the farmer member
signs when he pays the 500. The
contract is as follows.
AGREEMENT FOR BUYERS GER.
TTFTrATF IN THE CONSUMERS
UNITED STORES co.
Al
We the Undersigned, for the pur-
poses set forth herein, do each sub
scribe One Hundred Dollars. to be
paid in cash or note. to the Consum-
ers United Stores Company of North
Dakota, a corporation to be formed.
?. II is expressly understood aud
agreed that the purposes for which
we pay the said sum of One Hundred
Dollars are: That ninety per cent of
all money subscribed herein. shall be
used by said company to establish
sum of .... Thousand Dollars,
in cash or notes, shall be SO applied.
All surplus subscribed over the said
sum of 49,. Thousand Dollars may
be used by the company either to es
tablish and maintain a central buy
ing agency or wholesale establish
ment, or to carry on educational
work or propaganda along all lines
deemed by the board of directors of
the Consumers United stores Com
pany to be in the interest of or bane-
fetal to farmers, and for the assist
ance of farmers organizations such
as relate to the economic, education
al or political interests of the farm
ers or both
3. The Consumers United Stores
Company agrees to &taoiish the
store at not later than
the first day of 10.
and will Immediately thereafter issue
certificate to each su sscriber here
to granting him the right to pur-
chase goods and merchandise at said
store. or any other store the said
company NAV establish and to order
the same Though the company's
stores. by paying the wholesale mar
ket price together with the freight
charges, plus a margin or not to ex-
coed ten per cent.
4. The Consumers United Stores
Company reserves the right to cancel
any certificate or certificates upon
the payment to the subscribers herein
of their subscription rees, less ten
dollars for each year for which SER
vice has been rendered The Com
pany further agrees that in the
event it shall discontinue the opera
ton of its store at ;. with
in ten years after it shall have be-
gun business. it shall redeem all GER
rificates at the rate of ten dollars
for each year less than ten that the
said store was SO operated, and if
the assets Of such store are not suf-
ficient to redeem all such certifi-
Gates in full. then the whole amount
IF the assets of such store shall be
divided prorata among its subscrib-
ais.
D. The purpose of this subscrip-
ion Is t. aid ard assist the produc-
ers and consumers of this nation in
tn mselves to efficient CO.
operative buying and selling and to
lssist = making democracy a real
actor in orr political and economic
ife
Subscribed and signed on the day
nd year written above our sigma
ures:
Vow SEE WHAT IT ALL MEANS
6at the agreement does not an
Wer all OF the question, What be- |
ONES of the 500 paid in by the |
When the blank spaces are filled |
n tits said that the agreement reads
nat ninety per cent of all money
uDscrlbed herein shall be used by
aid company to establish a store at |
;; until the sum of Ten
thousand Dollars in cash or notes.
nan De SO applied. All surplus SUBJ
cr1bed over the sum of Ten Thous-
no Dollars nav be used bv the
;0mDanv' CThe Consumers United |
torres Company, and not the store at
But the real point is that none of
ne stores are presumed to be organ
seo until there shall have been 200
memberships sold. So that there
iould at one be a clear, clean SIR
lus of Ten Thousand Dollars at
east to be used by 1.-The Company
4 the manner prescribed by the
greement. which would be in anv
lanner the directors of the Con
lmers unitd Stores company might
esire for the benefit of Townleyism
Is very broad agreement.
Al any rate one-half of the farm
RS 800 goes to "the Comnanv,,
,h1ie$4O of the other half goes to
he establishment of the store at
!. and the other $40
oes-presumably to promotion Of
hich the organizer gets IS and tho
IS to ather organization
xpense.
Inc organizers receive S per cent II
each 800 Membership and nav
leir own expenses. One organizer
as paid 1857 in a period of seven II
eeks and many of the organizers
ave been taking down" from $50
$50 per day.
Inc stores ALREADY organized have
! average membership OF 300 far
ers paying $4,000 into each store
this $4,000 goes into each store
Id $4,000 from eacn store for