Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1922-01-20
FARMERS STORE
IS DISCUSSED
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coming from business men of the city
that he could not collect.
Judge Opposes Litigation
He advised against litigation, anc
if possible to settle the matter other
wise. hut his main plea was to try
and do everything possible TO put the
deal over
Many members were in favor of dis
solving the organiZa ton, but it was
brought out that, while cooperative
companies are gotten together one al
time by promoters, it takes a two
thirds vote to dissolve one.
yolkman Bros. understood the dea
would be about half cash and refused
to accept less than $4,000 cash and the
balance in notes.
Mr. Hoffman said that the contrac
was lame as it should have stated
cash or bankable notes. He said he
could see no use of trying to continue
f. G. Steubs then stated that Mr.
Ma1oney had forgotten to mention {
few points about farmers not stick
ing after organizing. He said thai
in cooperation there is strength ant
by cooperation they could make thing:
go.
Farmers haven't the chance, as bus
mess men have, to get together. -Four
or five business men with $1,000 OF
$4,000 each could easily swing a dea
and have no trouble to get started ant
get backing The farmers, with y
cents or less each in their pockets, wa!
the reason the bankers refused to bacl
them. They have to look further thar
the signing of note. They want K
know that the note is good and will
be paid when due. He asked who
guaranteed the payment Of the notes
He thought that the farmers were
ahead Of time and asked what kline
OF business they expected to do with
out money and told them to look Al
what they were running into. Better
lose the $1,000 organizing fee now
than 5000 year from now. He stated
that the wool had been pulled over the
farmers eyes and that the farmer:
had asked no one to come here to or
ganize them into a store company al
time when there was no money or
the farms or in farming.
IT takes money TO run business
The members were told that it needed
no money to run this deal. Then why
not put the deal across?
How About Creamery?
He advised the farmers to pay III
their accounts at the one farmers co
operative institution they have here
before starting another. In conclu
sion. he said that he believed none
were so dumb as to think they could
run a store without cash.
A. H. Plant spoke in favor OF dis
solving and asked for the sentiment
of the members on the subject.
MIR. Maloney said that better service
from others could be secured by having
q cooperative store and he offered t.
visit such stores that We're making
good and report.
Mr.. Steubs said that they should
try and get back what money had been
paid in. before they dissolved the com
pany.
T. NJ. Thomas, when called on, stat
ed that he was there as attorney fol
Voikman Bros. to find out what trans
pircd and had no intention of parti.
cipating Cooperation, he said, was
fine thing and it was up to the mem
bers TO decide whether they were in
shape to go ahead or not. He said that
volkman Bros. had taken the position
they did because they were forced to
do SO.
A. I'll. Plant said he had lost lot
of money in cooperative companies
and from the fact they had insufficient
money to do business with. Farmers
do not use their brains. he said, but
sign up and take what the promoters
say. for granted.
Election of officers was held and the
following directors were elected: e.
E. Grieshammer. president; d. w. Ma
loney, vicetpresident; Matt Haasl,
secretary and treasurer e. c. Steubs
and III. ). Gavin. New officers were
necessary as the proposition may de-
velop interesting features before it is
entirely settled.