Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1937-02-04
Saturdays Session Votes A
Six Per Cent Dividend
to Patrons.
Drouth Was Contributing
Factor in Slight Volume
Decrease.


Askov. Hinckley and Finlayson at
tended the eighth annual meeting OF
the Pine Coop Oil Association held
Saturday in the Askov d. B. 5. nall.
The meeting was an all-day aI1alr'
beginning at 1890 a. m. and termin-
ating late in the day.
The forenoon session was occupied
by the reading of the minutes OF the
last annual meeting and the board
minutes, throughout the year. then,
during the noon recess a lunch was
served in the dining room OF the nan.
After lunch the afternoon session was
begun by a short musical program
rendered by Prof. Harold Ause ana
some pupils.
The Association expanded opera
tions during the year and now mas d
fair sized patronage developed IN
Hinckley and Finlayson. However,
the expenses of such venture caused
a higher overhead expense and OF
course with the drouth and other un-
favorable conditions the past year the
volume of business dropped below that
of 1895 when a tremendous increase
was shown over the preceding year.
However, it was explained that the
ground work for handling a much
larger volume of business was laid
and the coming year bids brighter
promise.
Six Per Cent Declared.
The total sales for 1886 were $780,
1928 as compared to S5S,9O3.71 in
1895, while the net profit of S4,334.9S
was considerably less than S7,O91.11
during the preceding year. A six per
cent dividend was voted in support
of the recommendation by the board.
Charts which Manager w. b. Johnsen
prepared for the meeting were eX-
planned and showed that each dollar
in cash that was paid in at the start
of the Association has earned 2512
dollars in the six and one-half years
the Association has existed. A total
volume of sales amounting to $751;
5000 has been made and this mas
meant a net profit to patrons OF $751;
1887.
Officers CHOSEN.
Some changes were made In the
board of directors of the Association
after it was decided to have one from
Hinckley, one from Finlayson and
three from Askov represented. There
fore H. r. Buck, Christopher Nielsen
and A. w. Conway were elected from
AskOv to serve with Oscar Lindroth
of Hinckley and F. Schoenrock OF
Finlayson. H. r. Buck was chosen
by the board for president; Oscar
Lindroth, vice president, Christopher
Nielsen as secretary-treasurer and r.
Schoenrock and A. w. Ccnaway direc-
tors.
An educational committee of three
was chosen and those who will serve
on this committee are Oscar Dahl OF
Hinckley, C. L. Smith of Finlayson,
and A. w. Conway of Askov.
Two Speakers.
The speaking program was fur
nished by Glenn Thompson, educa-
tonal director of Midland, and Walter
Graham, products man for the same
firm. Mr.. Thompson traced the pas
sage of the nation from its original
occupation as agricultural to indus
trial. Today he said there is one
farmer to every three people in the
cities and urban centers. We former
ly manufactured and used what we
produced, said the speaker. but now
those who produce use what others
manufacture.
Mr.. Thompnon said in 1880 there
was only one out of every ten who
rented a farm, but now one in three
rent and one of three have their farms
mortgaged. AS producers we have
lost control of what we produce. We
have produced plenty and we have
given education to our young people
but we cannot give them jobs. In
closing Mr.. Thompson told of what
cooperation can do and cited an ex-
ample of a school cooperative where
pupils managed their own wants. He
stated that the best method of making
bright future for cooperation is to
teach the young people.
GasOlineS Explained.
Something of much value was
gained from the talk of Mr.. Graham
when he explained at some length
the refinement of gasoline as it has
to do with various climatic condi-
lions. Mr.. Graham stated that some
times we hear that cooperative gaso-
line and other products are of a
cheaper grade than other kinds, but
that is not true. He stated that the
cooperative today can dictate its own
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