American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1921-09-30
DIRECTORS WILL
ASK MEMBERSHIP
/. FINANCE BUSINESS
PROPOSE TO PAY OFF SOME $500
INDEBTEDNESS OUT OF THIS
MONTHS CREAM CHECKS AND
REPAY MEMBERS IN MONTHLY
INSTALLMENTS,
TESTS TESTS PATRONS PAATTRROOl|S LOYALTY tL00YYAEE Y
Association DESTROYS Of Wiping Slate
of Old Bills and Believes Customers
Wnl Cooperate In Reducing Expense
OF Operation.

The American Falls Cooperative
Creamery liz facing most crucial
period In It's development according TO
its board of directors who met Tues
day TO consider financing their organ
ization. The test OF the loyalty OF their
patrons will be made within the next
two weeks during which time stock
holders viii be asked TO assist In IL
nnncing their Company over period
OF temporary distress.
Creamery officials point out that the
Creamery was financed IN the begin
ming largely by the business men or
| American Falls. The money that was
necessary for equipment, and over
| head expense, incident to opening tho
Creamery was furnished not by mem
bers, but by non-interested parties.
The creamery directors now ask that
the members of the Creamery Associ-
alton assist In lifting this small amount
of indebtedness and thereby give the
Association basis for real credit.
Small Indebtedness.
The present indebtedness OF the
Creamery approvimates $500 according
to the directors. Many of the notes
given for this amount are past due,
others fall due this month. These
notes together with small outstanding
bills must now be paid In Justice to tho
support already extended by nom
members. In order to do this IL Will
be necessary for cream checks for the
last half of September TO be withheld
until later IN the season. Thus the
money now available to pay for cream
already sold TO the creamery, VIII be
used TO pay off the indebtedness. The
balance will be applied TO the custo-
mers account October fifteenth. The
directors state that they can repay all
customers In full to the extent of about
$500 month. Thus IL would require
approximately four month TO reim-
burse creamery patrons for their tenn
porary loan and In the meantime all
other indebtedness Will have been paid
leaving the Association without impair
! ed credit.
Test OF Loyalty.
Whether or not the loyalty OF tho
creamery patrons will support this
stand remains 10 be seen, according
TO the directors. They regard II as
the most feasible solution of their
problems and state with entire conf
dence that the plan VIII undoubtedly
succeed, provldede the members stay
/ Dy tnelf ABBoclhtlOn.
, II the membership fails TO support
the stand of the directors and takes
; away It's support II means simply that
Q the patrons and no one else Will lose.
1 They will not only loose their cream
. checks for the last part OF Septem-
D ber but their market as supplied by the
= American Falls Cooperative Cream
! cry The letter presented TO the Press
by the directors follows:
. I'VE herewith wish to answer and
explain the action taken by the last
= meeting OF the board OF directors OF the
American Falls Creamery
Il Mast Keep GoIng.
q "On account OF our bills coming due
the first OF October, and being unable
@ 10 fill our obligations together with
@ paying for our cream receipts due on
a that date, we, the directors, have felt
h IL necessary 10 withhold the cream
d checks on that date until ths fifteenth
Y OF October, when together with the re-
q Bular checks( we shall pay whatever
r money available on the checks with
v held and continue that way until the
checks withheld on this date, Oct 1st
shall have been paid.
" Remember however, that this Is
II done 10 keep our business running, and
+ lonly through the continued sending o.
8 cream we viii be able TO pay you all
a and keep going as before. Should any
d patron drop out o naccount OF this ar
y rangement, he would make Il impOssi-
+ bic for US 10 pay for your cream sent
d In previously and would force us 10
y close our plant forever.
XII Therefor 10 be sure 10 not lonee
4 one cent, II behooyes you TO put your
lr shoulder 10 the wheel and help TO pull
~ us through In the crisis. We feel sure
D. you viii all see our condition and al
n though II is not alarming In any way
le yet We have come 10 the turning point
10 III the patrons have appreciated theIr
Ls creamery we feel sure they will see ua
through this time. and having finan.
ced their creamery this way, they viii
D. iput II on a strong footing, prepared
,r 10 run all the year through and maks
Is them ready and profitable marke
,r. for their cream.
by II. Wilcoxsen. pres; X. C. Kelly
see'y; Il. e. Geesey, treas