Greenbelt cooperator., 1943-01-29
. Door Prizes

On the ligRte9aSide~ef the pro-
gram are scheduled two door
prizes, the first a $40 share of
stock in G. C. S., the second to
be a surprise. Upon adjournment
refreshments will be served to all.
President Francis J. Lastner,
Treasurer Fred DeJager, and Cen
eral Manager Thomas B. Kicker
will report on the state of the or
ganiZation and business of the CO.
operative from their specialized
viewpoints. Clifford A. Meyer
and Mrs. Mary M. Dodson will re-
port on the activities of the men,
bership committee and education
committee of which they are res
pectively chairmen. DR.. Carl Trei-
man will report for the auditing
committee.
Electing Directors
Five of the nine members of the
board of directors are to be elect
ed at this time to serve for one
year, the other four being elected
at the quarterly meeting in Aug
ust. Members of the present
board whose terms expire with
this meeting are Mrs. Mary Dod-
son. Lincoln Clark, Fred A. De-
Jager, Paul Barnhart who was
appointed last December to fill the
vacancy left by Tessim Zorach,
and Carl1W. 1Hintz. Those elect
ed last August who will continue
on the board are Francis j. Last
ner, Clifford A. Meyer, Paul Dun
bar, and Dayton w. Hull.
Only eight candidates have been
nominated for the five vacancies:
c. Paul Barnhart, Allan A. Bry-
an. Fred A. De jaeger, Mrs. Mary
Dodson, John A. Dombeck, Carl
w. Hintz, John C. Manning, and
c. S. Turner.
Net Savings 34,S06
Net savings amounting to $34,-
806.47 were made in 1912 or gross
sales Of $69O,157.83 (These are
preliminary figures announced by
the auditor and are subject to-
change after complete audit.)
These net savings are to be dis
tributed by vote of the members
at the annual meeting in accord
ance with cooperative principles,
and as provided in the bylaws.
A portion may be set aside as re-
serves. Interest or dividend de-
clared on capital stock is set by
the bylaws at percent unless the
members decide to lower the fig
ure. From the remainder the pa
tronage return is declared which
distributes the savings in propor-
ton to the purchases of each
member family.
In regard to the patronage re-
turn, the board of directors will
present the following recommen-
dation to the membership: "In
view of the need for capital to
finance current expansion of our
facilities, and the advantage to
the members of receiving a 5 per
cent return on each dollar invest
ed, the board recommends that
each member accept his patronage
return in capital stock. Those de-
string to receive cash may receive
it if they so request in writing
cO dcbyo dILCI ICCclNIIlR UO-
tice of the amount due them"
Visitors Welcome
In discussion of the reports or
under the title of "new business,
members and visitors are asked TO
bring forward questions, opinions,
and suggestions for the considera-
tion of the meeting. If the pro-
posed agendum, listed on the sec
ond page of the Cooperator, is not
satisfactory it may be changed by
action Of the membership at the
beginning of the meeting.
Members will also have an op-
portunity to get better acquainted
during the registration period and
in the social period which follows
the business meeting. The meet
ing is open to the public and all
interested are cordially invited. Of
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