The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1924-06-27
PAYETTE Makes
RAPID HEADWAY
W|THCREAM
Record is Cited to Boise
Valley Producers j n
Appeal for Similar
Local Organization

circulars descriptive OF tuc fct-i'
OF the Farmers cooperative creamery
of Payetie were mailed the latter par
OF the week to prospective member.
of the recently organized Boise Val
ley co operative creamery. The record
SEES forth that the Payctie c-ncer
is OF a solid financial foundation an,
has enjoyed both a tremendous grow.
the and increasing popularity. Ihi'
years Business. based upon butte
manufactured. is estimated to io,a'
10000 pounds. Indicative OF the
growth Of the. 1922 business tot
allied only 200.44O pounds OF butter
manufactured.
Together with this statement OF the
history OF the Payetie creamery is
an outline OF prospects for the Boisf
Valley concern. w. B. Mitchell o.
Parma. chairman OF the producers
organization committee. IS author O.
the statement to Boise Valley produ-
GERS which. in full. is as follows:
In February OF this year, in com
pany with observation-disclosures Bald
ridge Of Parma. attended the meet
ing OF the Cooperative Creamery at
Payctie and was impressed with the
apparent success OF that institution
As a consequence OF this visit. num-
Der of dairymen OF the Boise Valley
confident that their business offers the
most reliable returns OF any branch OF
farming, have during the past few
months made somewhat extended
and careful study OF marketing con-
ditions in and eifor, to devise means
of getting the best possible returns
for their product.
"A committee OF milk producers
visited the Payette creamery. talked
with the directors. the manager. with
the patrons and with the bankers
They became convinced that the CO
operative principle was sound and
that higher price was being received
by the patrons than they could obtain
in any other market.
The management OF the Payetic
creamery has recently put out a cir
cular which | think correctly repres-
cnts the growth OF their business and
the confidence of The people OF the
community The prices received By
the producers as shown by this re-
port. | think justifes my assertion
that this creamery has furnished an
cxccptionable market for lis patrons
! am enclosing copy OF this circular
Decide to O1ranize
I'm company with other dairymen |
| have been making a study OF the
cooperative creamery and from this
study ] find that the principle is
success in such dairy states as Min
nesota and Wisconsin. and as stated in
one Wisconsin State University bull
letin. the cooperative creameries in
the volume OF business are greater
than any other cooperative enter
prise in the State from our study.
We are convinced that the creamery L
business lends itself particularly well
TO the cooperative principle
"a number of meetings of pro-
ducers have been he'd and it was de
oided to form the "Dairymen's Co
perative Creamery OF the Boise Val
ley, with its principal place OF bust
ness at Caldwell. Idaho. Articles OF
Incorporation. signed by Is producers
have been filed and meeting OF the
lncorporators called to meet at the
Commercial Club rooms. Caldwell
for the purpose OF completing the
organization. electing Directors and
adopting BYLAWS.
"The Association is strictly CO.
operative in character, incorporated
under the cooperative marketing act
Of 1921. Membership is restricted 10
actual producers OF dairy products
and each member will have one vote.
Shares OF common stock are OF the
value OF SlOO per share and the en-
ire operation OF the corporation will
&c in the hands of its members. In
rider TO insure the success OF the en-
erprise the organizers have suggested
hat not elss than 2500 cows must be
igned up and that any person sub
cribing for stock will do SO upon the
that not less than $500 COWS
ill be pledged.
Offer Preferred Stock
an oder to finance the business
referred stock has been provided so
lat the directors may issue this stock
such an amount as may be neces-
ny TO provide funds for equipment
ID working capital. This stock car
s no voting privileges and will be
titled to receive a dividend OF no,
e~reed z nor cant nor auptu, All