The Kevin review. [volume] (Kevin, Mont.) 1922-1929, 1922-10-19
BY G. w. Fowler


With western Montana already
leading the rest of the state in dairy
ing, which industry authorities the
world over declare to be the mos
prosperous branch of agricultural en-
deavor, the people of western Mon
tana will naturally be very much in
terested in the Montana Mutual Dairy
Loan association which has entered
the field as a financing organization
for the dairy industry.
The federal census of 1910 shows
the number of cattle being used for
milk COWS in Flathead, Missoula, Ra-
yalli, Sanders, Granite and Mineral
counties at 1888, fewer by half
than a single good dairy county of
Wisconsin possesses.
With it's splendid climate, excel
lent water and quantities of good
feed, this section of the state could
support ten times the number of
COWS it has, and they should be of a
type which would be twice or three
times as productive as the average
COW now being used for dairy pur-
poses. 1t is for the purpose of fill
ing this need that the association
has been formed.
1t is a corporation, organized I'M
der the laws of the state of Montana,
with an authorized capital stock of
100000. 1t is much like a build
ing and loan association. 1t lends
money after the same plan upon
dairy cows as security instead of on
homes. It's principal place of bust
ness is at Missoula, and it will oper-
ate throughout the entire western
part of the state.
The association will import first
class high grade dairy COWS and pure
bred sires for sale to borrowers at
approximately cost and it will lend
the money with which to purchase
them on long time easy payments.
The association will not only lend
money for the purchase of dairy COWS
and pure bred sires, but for the con-
.struction of improvements such as
silos, barns and other buildings on
dairy farms. When money is loaned
for this purpose dairy COWS will be
taken as security.
Knowing well the truth of the old
saying that Prosperity follows the
dairy cow" business men, bankers,
farmers and savers of all kinds, in
terested in a good return on their
money and in seeing Montana deve1-
op, will be investors in it's stock. 1t
is believed that by a concerted plan
of action, where the COWS are fur
on easy terms, and the indus
try is encouraged by a wide and per-
campaign, as much can be ac-
complished for the development of
dairying in western Montana in a
few years as could be accomplished
through ordinary h%aphazard growth
in 20 or 80 years.
The association, like a building
and loan association, its
funds by the sale of stock to it's mem
bers. All stock has a par value of
800 per share. The most popular
of stock are Investors In
stallment Stock" and Fully Paid
Investors Insta1lment
is sold upon the installment
plan. Payment is made at the rate
If soc per share per month for one
hundred months or until $50 per
share has been paid into the asso-
treasury. Dividends are de- t
dared on this stock semi-annually in
to the amount paid in by
he member. They are computed and
compounded semi-annually, and at !,
maturity the association pays the in :
-estor 500 per share for each share =
# stock Upon which he has paid $50. 9
dividends compounded semi-annually !
.ccumulate rapidly. !,
Fully Paid Stock" is issued to in +
1-+A.~ -.L1 ~ A. a. - --..1l,a1 - =
'ay 500 per share for each share
f stock. Dividends on this stock :
hay be left with the association and =
.ompounded semi-annually or they
be withdrawn at the end of each
TX months period by the investor.
A membership fee amounting to
per cent of the par value of each
hare of stock sold is placed in the
ssociation expense fund. Members
tho have subscribed for installment
took or fully paid stock may, at the
nd of one year, withdraw amount
landing to their credit on the books
f the association upon 80 days writ
IN notice. This includes all divi-
ends.
How 1t Loans Its Money
Applicants for loans will be re-
lired to show that they are at pres
1T milking COWS and disposing of
Ie product in a satisfactory manner,
they have barn facilities for the
,ws to be purchased, that they have
ed for them and hat they are gen-
ally qualified as dairymen and sat
factory borrowers. Having satis-
the association in these respects
e association will lend all the
oney for the purchase of dairy cows
1t it will require the applicant to
fer as additional security one-
urth as many COWS as he proposes
purchase with the new money.
lat is, an applicant for the money
purchase eight COWS must have
least two good cows unencumber-