Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1936-02-20
MANY ATTEND
COOP MEETING
Central Held It's Fifteenth
Annual Session in st.
Paul Last Week.
Manager Reports Net Saw
ings for Year Amounting
to $57 ,85.23.

ADDIOXlIndcth
ducers from all sections of the north
west gathered in ST. Paul on Febru-
ary IL and 13 to be present at the
18th annual stockholders convention
of the Central Cooperative Association
held in the Lowry hotel.
At this meeting members OF this
farmer-owned cooperative livestock
sales agency of South st. Paul mao
the opportunity to hear educational
addresses on various phases OF the
livestock industry by some OF the most
outstanding men in their respective
lines.
This two-day convention was opened
by c. B. Crandall. president of the
Central Cooperative Association, who
brought to the attention of his listen
ers that they had just completed one
of the worst years in the history OF
agriculture in this part of the United
States, yet had come through with
banners flying and with renewed cour-
age to carry their organization to new
heights of achievement in future
years.
Pays Tribute to F. {. A.
Mr.. Crandall paid a high tribute to
the Farm Credit Administration
which he says is by far the most i'm
portant of the several branches OF
government in its service to agricul-
ture.
I'm its several banks, the Farm
Credit Administration supplies ample
y taLo oaro Of al rppuiropn emf :
of agriculture. Probably the Land
Bank has performed the most impor-
tant benefit because it has to do with
the farm home, which is OF first i'm
portance Nothing that our govern
ment has attempted to do has brought
to agriculture such profound relief
and security as the longtime credit
which has been provided at reason
able rate of interest. This service
has eliminated the fear of farmers
losing their homes or their entire in
vestment. 1t has restored a feeling
of confidence and has given farmers
new hope for the future"
General Manager Reports.
N. K. Carnes. general manager OF
the Central Cooperative Association,
reviewed Central business activities
and the livestock situation in his ad-
dress, laying stress upon the member
ship of the organization.
He reported. "On December 81, 1885,
the Central Cooperative Association
had as member stockholders 54S live
stock shipping associations in Mime
M, h
Dakota and Montana, which owned
common stock in the organization
costing $25 per share, and 14,941 in
dividual farmer members who are
owners of preferred stock costing 81
per share. The total value of the
stock issued and outstanding on De-
cember 81, 1885, was. $34,791.
1T is interesting to note that with
this small amount of stock outstand-
ing, such a volume of business can
be handled. 1t is also interesting
to note that with a decrease of APP
proximately 30 per cent in volume,
our gross sales were 100000 larger
than the previous year. This, of
course is due to the increase in live
stock prices.
1T is very gratifying to me to be
able to report a net savings for 1895
of $57 ,2S5.23," said Mr.. Carnes.
L. A. Rossman Speaks.
l.. A. Rossman, publisher of the
Herald-Review at Grand Rapids and
past president of the Minnesota Edi-
torial Association, gave his audience
at the banquet Wednesday night a
vivid portrayal of the meaning of pub
lie debt. He stated that it meant
nothing to the average person to know
that the national debt is now thirty
billions of dollars.
1.-The amount of the national debt"
he says, lis best understood by reduc-
tion to per capita basis and by COM
parison with state and local debts.
Minnesota has a state debt of III
million dollars. This is SAG for each
man, woman and child in the state.
The debt of the federal government
is now $25 for each person in the
United States.
1.-The people of Minnesota have obli-
cations for public debt, local. state
and national, which amounts to more
than 900 million dollars. This is
more than half of the assessed valu-
alton of all the property of the state.
The total per capita Indebtedness is
approximately $500 for each man.
woman and child of Minnesota. This
is equivalent to 50 1000 for the average
family.
Blames People for Debt.
Mr.. Rossman did not lay the re-
sponsibility of the debt upon any adj
mfnistration or upon any group OF
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