The Powder River County examiner and the Broadus independent. [volume] (Broadus, Mont.) 1919-1935, 1922-10-27
BY q. w. Fowler

BY =. 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 most
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 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-
valli, Sanders, Granite and Mineral
counties at 1888, fewer by halt
than 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
Lug IAAS ACOO IAot lAC OS0OAAAtAOA
has been formed.
1t is corporation. organized un-
der the laws Of the state of Montana
with an authorized capital stock OF
100000. 1t is much like build
ing and loan association. It lends
money after the same plan upon
dairy cows as security instead of on
homes. Its 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
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 we'll the truth of the old
saying that 'Prosperity follows the
dairy cow" business men, bankers.
farmers and savers Of all kinds, in
terested in good return on their
money and in seeing Montana devel-
op, will be investors in it's stock. It
is believed that by concerted plan
of action, where the cows are fur
nished on easy terms, and the indus
try is encouraged by wide and per.
sistent campaign, as much can be &C.
complished for the development Of
dairying in western Montana in 3
few years as could be accomplished
through ordinary haphazard growtl
in 90 or so years.
The association, like a building
! and loan association. secures its
funds by the sale of stock to it's mem.
bers. All stock has a par value oil
500 per share. The most popular
classes of stock are Investors In.
stallment Stock" and Fully Paid
Stock" Investors Installment
Stock" is sold upon the installmen,
plan. Payment is made at the rate
of soc per share per month for one
hundred months or until $50 pei
share has been paid into the asso
| CldliUu treasury. DlSlU0uuS are Ce
clared on this stock semi-annually ir
proportion to the amount paid in BY
the member. They are computed anG
compounded semi-annually, and a
maturity the association pays the in
weston 800 per share for each share
of stock upon which he has paid $50
| Dividends compounded semi-annually
accumulate rapidly.
Fully Paid Stock is issued to in
vestors. who at the time of purchase
pay 500 per share for each share
OF stock, Dividends on this stock
may be left with the association anG
compounded semi-annually or the!
may be withdrawn at the end Of each
six months period by the investor
A membership fee amounting tt
two per cent OF the par value of each
share of stock sold is placed in the
association expense fund Member:
who have subscribed for installmen
stock or fully paid stock may. at thu
end of one year, withdraw amour
standing to their credit on the books
of the association upon 80 days writ
ten notice. This includes all diyi