The people's voice. [volume] (Helena, Mont.) 1939-1969, 1941-09-10
III ...:c+
)u'Up fMs
E.U.C.T.A..
1t Has Its Reward
Les. Money or More
We're for Abundance
Two Points Stressed
Don't Be Misled!

profit, expect the management to look
ahead and plan against changes, al
ways in their interest. The value of
management depends on it's ability to
foresee and plan for the future, so
! that stockholders will continue to
draw dividends on the cash they have
| invested. That's all there is to pri-
vate business. 1t exists to make prof
it's for it's investors. Even pleasing
solicitude for increase of business and
profits than it has for any actual ben
eft to the customer. To the degree
that management succeeds in these
respects, management increases its
earning power through increased sal
| it's reward!
T Contrast that with the management
of a cooperative institution. 1t hon
estly carries out policies in the inter-
est of the consumer. The co-opera-
tive is built to that end. That is why
earnings or net savings are returned
to the customer, instead of being paid
| in dividends to some investor. Saw
ings in marketing costs or in the COM
modities the farmer buys are the end
detectives or goals sought by Compel
ent cooperative management So, re
peating, the financial structure and
the management policies of private
ly-owned concern are entirely dedi-
Gated to the investor The co-opera-
tive uses the same money and man
agement to bring goods to the patron
for less money or to market the pa
irons products for more money
Private business has no need to hire
ors. They have their system. They
turn to the back pages of the daily
paper and read the stock quotations
listed by the New York Stock Ex-
change, Chicago Board of Trade, or in
case of commodities in which they
speculate, the closing prices of grain,
futures and options. They study to
get the best profit on their money.
Farmers rarely do this, lacking the
time and the information required. So
the cooperative movement is forced
to spend large sums to hire men to
go out and teach the philosophy of
distribution at cost for the benefit of
patrons. The cooperative looks to-
wards abundance. The private bust
ness investor necessarily relies on
scarcity. How long will it take for
the farmers of this nation and the
producers of the world to learn that |
their security and safety lies in their
collective efforts to market their prod
ucts and buy their requirements at |
cost, rather than pay tribute, in I'M |
necessary profits to private concerns,
operated solely in the interest of Tom, !
Dick and Harry who have their money
invested in them.
Recently the president of the Ma
tional Farmers Union called his Ma
tional Board, the National Coop. Com
mittee and the National Legislative
Committee of the Farmers Union to
meet in joint session in Kansas City.
For two days and two nights this
group reviewed the economic program
of the National Farmers Union and
discussed what changes, if any, should /
be made to meet changing conditions.
Two points were emphasized at the
One: That the farmers in
come rested upon the annual mood of
a political congress-the most cancer
ous aspect of the whole farm picture
today. Two: To attain agricul-
lures best interest in the complete
of farm products through
cooperative enterprise and the pur-
chase of essential commodities,
needed by farmers in production,
through the same cooperative enter !
Prise. The only answer to Number {
One is the Income Certificate Plan {
The answer to Number Two is being