The Hood River glacier. (Hood River, Or.) 1889-1933, 1921-03-31
Object of Capital and Equipment

This amount represents the present
invested capital of the Association.
Object of Capital and Equipment
The object of a cooperative organiza-
tion is to serve its Members. This can
only be done successfully through a
series of years by providing a sufficient
amount of capital either in money or in
equipment so as to reduce the general
operating expenses. 1t should be borne
in mind by the Members of the Associ-
alton that in addition to the benefits
accruing from cooperation by shipping
our fruit under one organization we
have accumulated 1892, 345. 90 in capital
and equipment which said funds and
equipment are for the free use of the
Members of the Association. With the
free use of this invested capital it is
absolutely impossible for any private
concern to furnish the growers the
same service that is furnished by the
Association at anywhere near the same
cost. 1t is matter Of fact that the
average cost for every box of apples
we cold store outside of Hood River
costs US more than for all the service
we furnish and charge for at Hood
River, viz: The handling, shipping,
common storage, cold storage, inspect
ing, marketing, advertising, taxes, in
terest, insurance, general operating
and all other expenses incidental
thereto.
AS stated above, last year we passed
the peak of our requirements for in
vested capital. This year sees us
make the last payment to the National
Apple Company on the National Ware
house, there being unpaid on this prop
erty only the sum of SIS, 10000 which
amount consists of mortgage indebt-
edess which we assumed when we
bought the property. We paid for the
National property S65. 600. 90. This year
also closes the payment of the purchase
price of the Union Warehouses with
the exception of bonds to the extent of
SIS, 100000 which the property was
taken subject to. For this Union Pro-
perty we paid approximately $685.
900. 90. not including, however, the wa
ter plant.
In proportion as we continue to re-
duce the purchase price of property
bought, will our requirements for this
purpose decrease, and also the cost to
our members of doing business de-
crease.
New Properties
During the past year we have added |
to our properties and equipment the
viz:
One lot near our warehouse at Park !
dale to be used for buildings for hous-
ing our help.
One lot on the O.-W. r. & N. between |
the Spray plant and the slaughter
house with a railroad frontage of 100 |
feet on which we have erected a two |
story building 40x100 with a porch 8 |
#. wide the entire length of the rail- |
road frontage, for the use Of the Stores |
This is a substantial |
and permanent structure with the sur.
face Of the first floor of concrete and |
retaining walls; with track,
team and truck privileges for the low
sr floor and team and truck privileges |
for the second floor. This building /
has been equipped with a machine for /
mixing fertilizer and with floor scales
for general use.
Betterments and Reconstruction
The Odell Warehouse No. l has been
'eiled. A spiral chute has been in
stalled at the National house which /
has proved very satisfactory in the
oading of cars and in relieving the
of the single elevator in
his building.
hiring the saason u,a have eovarad Il