The Daily Alaska empire., 1946-11-05
MAN KILLED BY FATAL BLOW ON TEMPLE
0'Harra Files Injuntiion Sale of (hiIkooi Barracks;
 Coop Plans Going Ahead

ected sale of the property to the Cooperative
 The Cooperative Company WAC CO already has been laying eX- tensive plans for settlement by young people, primarily veterans, who view Alaska as a land of op- portunity
 President of the company and one off it's five founders is Steve Larsen Homer, of Fairfield, Conn, ex-Navy Lieutenant G.gD and former Alaska traveller
 Cooperation
 VACCO is a cooperative only to the extent that each member must buy one $l00 share of common stock in the company This in- vestment entities him to share in low cost buying of food through a Coop store, operated by the com pany for the benefit of all it's members.
 Members will also be able 10 purchase wholesale supplies through the Coop with which to operate their own small businesses. Profits made by the Coop would be re- turned to members as dividend.
 Homer says vACCO has received LOGO applications for membership and currently has 60 members in CT has one vote in the Cooperative regardless of the amount of stock he owns.
 Planned Settlement
 VACCO's founders say it's aim is planned settlement" Its mem bers must be U. s. citizens sin- cerely eager to go to the Territory, set up housekeeping, raise families and become a permanent part of the community.
 Six members of the company are already at Chilkoot preparing it for the arrival of 50 VACCO fam lilies in early spring.
 Chilkoot has eighty-six buildings, one of them a fully equipped 13 bed hospital A complete sewerage system, water system, electrical plant and oil-heating unit are ready for operation.
 Plans Outlined
 Homer says the land and install lations are actually worth Sl,000,- GOO. Founders of VACCO have out lined these plans, which they say will be the procedure if the com pany is allowed to proceed
 Members of the Coop will share in the decreased cost of consumers items resulting from mass purchase by the Coop. Beyond that the Coop will not enter extensively into the set-up.
 Members will own their own stores. filling stations, movie houses, restaurants and the like, free from any Coop control The Coop will provide a guaranteed market for owners of these small businesses. Retail businesses will be restricted in number by the. ex- pected needs of the population.
 Main Activities Four main activities are expected to supply employment for all hands at Chilkoot They are lumber, shipping, tourist and fishing. Until sufficient capital is raised by in- dividual members to purchase these industries from the Coop they will be rented.
 VACCO plans that employees Of all business enterprises will be able to purchase an interest in them.
 Most members of VACCO are veterans, though it is not>required. The veterans will be able to take full advantage of the CT Bill and other veterans legislation. Special homestead laws for veterans have long been on the statute books, and some veterans may be able to obtain homesteads in areas near Chilkoot Others will gain title to small sites under U. s. Public Land laws.
 ! To the north of Chilkoot lies soil well suited to the growth of berries and root crops.
 Must Have 5000 The Company is not accepting as members any applicants who don't have at least S2,000 cash. The i Board of Directors feels each mem- Der should have that much cash | to get himself organized, to meet the initial cost of living and to start up a small business.
 VACCO takes a dim view of prospective members who look on 1 Alaska as land of quick profit turnover. Homer says spectators of any sort at all won't find a drawer in VACCOs table of or , ganization. Rather, he says, mem- unHrN ,1..o.l (,l,;lI~n1+ nol