Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1939-11-16
Pine Coop Ends
A 9-Month Year
With Good Meet
Cash Dividend is Declared
at Annual Gathering Fri
day, November 10.

The Pine Coop Oil Association,
in compliance with rules laid down
at the last annual meeting, held its
annual meeting for 1889 in the Askov
d. B. S. hall on Friday, November
10. The meeting was called to order
in the forenoon by H. R. Buck, presi-
dent. Reports of the various officers
were read and approved after which
the annual financial statement of the
association was discussed This being
only a nine-month year, the net
earnings of the association were some
what reduced in total amount al
though neat sum of $4,31444 was
realized and the total business for
the nine months amounted to $751;
302.13. Represented in gallonage and
pounds it is found that 242,257 GAL
Ions of gasoline were sold, 5000
gallons of kerosene and distillate and
5,734 gallons of lubricating oils were
disposed of; 4,417 pounds of grease
were distributed to customers dur
ing the nine months.
A Cash Policy.
Launching into the business pro-
gram of the day, the meeting held a
careful discussion of the credit pol
icy conducted by the association.
Arguments pro and con on this ques-
ton finally resulted in a decision
to go on a strictly cash basis begin
ming November 20. A letter to be
sent to each of the active members
of the association will explain the
new policy thoroughly. 1t is felt by
the association directors that greater
progress can be made by this new
policy and some kind of agreeable
method of doing business is expected
to evolve in the near future.
After the permanent surplus, as
required by the cooperative laws,
is taken out it is expected that ap-
proXimately $4,000 will be distributed
to patrons as a dividend. That will
take place as soon as details can
be taken care of by the management.
Dinner is Served.
Free dinners were served to 251
people at noon by the Women's CO.
operative Guild of Askov.
After the dinner hour the meeting
again convened when c. H. Hull,
manager of the Consumers Agency,
was called upon to talk to the audi
ence. Mr.. Hull criticized the past
credit policy of the association and
explained the working of fidelity
bonds. In his discussion of the sub
ject he told of the failure of too
many cooperatives in not paying
enough in wages to their employees.
He likened this to danger of Great
ing dishonesty. He complimented the
local association on its method of
supervising but advised that closer
check could be had.
In commenting on the cash policy
Mr.. Hull advised using October's
income to pay November's bills in
stead of using DEFENDERS income for
that purpose.
More Business Matters.
After Mr. Hull's talk the meeting
again took up some business matters
and set aside 10 percent of the net
earnings for an educational fund.
The Coop Informer likewise was
voted continuance to the members
as was also the Midland Cooperator.
The Coop Informer is local paper
published by the management month
ly to inform members and patrons of
the conduct of the business. It was
decided to apply for and take out a
second class postal permit which will
provide a much cheaper means of
mailing out the paper.
Election of Officers.
Something unusual which spoke
well for the efficiency of the board
of directors took place when election
of officers was taken up by the men,
bership-the entire board was re-
elected unanimously by reclamation.
1t consists of H. R. Buck, Askov;
Almer Ecklund, Askov; Fred Schoen-
rock, Finlayson; Joe Skalicky, Hinck-
lev, and Peter Stulen of Sandstone.
The board organized as follows: Fred
Schoenrock was elected president,
succeeding H. r. Buck who has served
for many years in that capacity; Peter
Stulen succeeds Mr.. Schoenrock as
vice president; Almer Ecklund was
reelected secretary-treasurer and H.
r. Buck and Joe Skalicky are direc-
tors
The meeting voted to send the
board of directors as representatives
to a board of county commissioners
meeting to request some of the county
truck and tractor business.
Other Speakers.
Anders Jensen, manager of Coop
Services in Minneapolis, and this dis
trict's director on Midland Coopera-
tive's board, gave report of his