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Golden Valley News
Beach, North Dakota
March 21, 1935     Golden Valley News
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March 21, 1935
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BEACH REVIEW Fg, RNIERS UNION PAGE Edited and Slmmmved by the North Division of the Farmers Educational anal operative Union of America O ........ Wlhy the Farmers t Union? In a co-operative association that was organized by the Farmers Union, but which has somewhat drifted away from the parent organization, some of the shareholders desire to put into the by-laws the provision that patron- age refunds will be paid only to mem- be~ of the Farmers Union. But some of the objectors ask: "Can't we co- operate without this? And what bene- ~ts do we get for the $2.60 a year?" These are fair questions, and deserve ~,xaightforward answers. ]Every successful cooperative move- merit in the world is accompanied by co.operative educational and protec- tive work. If we did not do this work in Nebraska through the Farmers Union, it would have to be done through some other agency that would cost Just as much, and maybe more. Ce-operatives that give no support to co-operative education may succeed for a time, but they cannot succeed permanently. And they do not help to build the co-operative movement. To reach the goal of supplanting and checkmating the profit system suffi- ciemtly to stop exploitation, we must extend the movement into new terri- tory and into new lines. The Farmers Union is our missionary organization. It has started most of the genuine co- operatives in Nebraska. Every new co-operative makes the road easier for tho~ already established, and in- creases the power of and benefits from co-operation. The Farmers Union was instrumen- tal in getting our Nebraska co-opera- tive law as it stands--one of the best in the United States. It is protecting that law against attack. It is protect- ing co-operatives against other forms of attack. Every co-operator in the state owes support to the Farmers Union for this protective work. Where there is no co-operative edu- cation, co-operatives tend to get away from co-operative principles and go the dry-rot route. In season and out, the Farmers Union emphasizes adher- ence to co-operative principles. It has directly helped many an association to become strictly co-operative and to keep that way. Every true co-opera- tor must be interested in this work or keeping the whole movement healthy. Co-operation cannot permanently succeed without the cultivation of co- operative spirit and morale. Through meetings and our paper, the Farmers Union keeps at this job incessantly. Co-operative spirit obviates expensive advertising and soliciting. This saves all our co-operatives money, and ena- bles them to make greater savings. If the association to which we refer here would give enthusiastic support to the Farmers Union, the resultant growth in co-operative spirit would increase patronage and savings more than enough to offset the Farmers Union membership dues. Our most succdssful associations have the Farm- ers Union membership requirement. But the full $2.60 a year cannot be charged to participation in any one co-operative. The farmer who would pay his dues to receive patronage re- funds from this assocmtion would also put himself in line for refunds from other local associations, the Livestock commissions, the creameries, the state exchange, and serum purchases, and for 50 per cent savings through Farm- ers Union insurance. Any farmer who will patronize Farmers Union co-operatives constant- ly will make back in refunds and di- rect savings far more than his dues, besides reaping enormous indirect and knameasurable benefits from the ex- pansion and health of the movement. --From Nebraska Union Farmer. NORTHWEST FARMERS UNION LEGISLATIVE COMMITTEE Washington, D. C., March ~t, 1935 A bill has been introduced in Cong- ress which provides for the correction of the method of determining parity. 1. By providing for the increased expense for taxes and interest now paid out by farmers as compared to such eost~ prevailing during the base peri- od. 1909-1914. 2, By excluding premiums paid for wheat in determining current average Farm Price. 3. By providing a" method for re- .covering losses now sustained by re- funding of processing taxes on wheat used by Federal, State and Charitable Institutions. This amendment to the Agricultural Adjustment Act will effect a valuable correction to the present method of de- termining parity, and will increase the wheat producers income about $47,000,- 000 per year. If that should be passed on to the consumer it would only in- crease the cost of a one pound loaf of bread about one-sixth of a cent. This $47.000.000 increase in wheat producer's income is accounted for as :follows: From recouped tax exemp- tions ...................................... $19,000,000 From the exclusion of Wheat Premiums ............. 8,000,000 From increased index fig- ure ......................................... 20,000,000 Total ............................ $47,000,000 This increase would favorably affect North Dakota about $6,000,000 and Kan- sas about $9,000,000. It creates a much larger crop insurance because of the character of benefit payments provided under the Wheat Program. This method of computing parity would increase the benefit payment by more than eleven cents per bushel. Mr. Thatcher, Washington Represen- tative of Farmers National Grain Cor- poration testified before the House Ag- ricultural Committee today in support of this amendment. The Northwest Farmers Union Legis. lative Committee expects to testify to- morrow before the House Agricultural Committee in support of this and other amendments especially the amendment providing for the licensing of dealers in farm products, This amendment pro. poses the Hcensing of dealers handling tq~eclalty crops and vrovid~ for reports covering their activities for the pur- pose of eliminating excess profits, etc. This amendment is being strenuously opposed by the processors and dealers who are not in favor of having the public~know what becomes of the dif- ference between what the consumer pays and what the producer receives. One processor went so far as to say it is none of the farmers' business what the processor receives or what he does with the product after it leavesi the-farmers' hands. The Northwest Farmers Union Legis- lative Committee attended a dinner l given by the Monetary Conference. The National Monetary Conference group is sponsoring a Money Reform Bill known as the Nye-Sweeney Bill. This[ bill embodies the Money program spon- sored for many years by the Farmers Union. It is a bill to restore to Cong- ress its constitutional power to issue money and regt~te the value thereof. Among speakers o~ the evening's pro- gram were Senator Smith of South Carolina. who acted as toastmaster, Senator Thomas of Oklahoma, Senator Nye of North Dakota. Ex-Senator Owens of Oklahoma, Irving Fisher Economist of Yale University, and Dr. Biglowe, of Cincinnati. Representing the Farmers Union at the speakers' table were Messrs. Everson, Kennedy, and C. C. Talbott. Lewis Ward, Father Coughlin's Washington representative. spoke briefly on the Union for Social Justice and also read the Resolutions adopted by the National Monetary Con- ference on March 6, 1935. Some Remarks About the Legislative Fund Campaign By A W. RICKER On December 14, 1934, the stock- holders of the Farmers Union business activities assembled in joint meeting at St. Paul. Minnesota. voted to send a committee of ten farmers to Wash- ington as a lobby. Certain definite in- structions were given this committee. contained in resolutions carefully pre- pared, considered and adopted. On January 7. 1935. we issued a call for a $10.000 budget to finance the work of our lobby, the money to be raised from farmers' elevators, bulk oil and shipping association, rural business men, Farmers Union locals and school district penny collections. On March 8th or approximately two months after the call for funds was issued, we had received at the St, Paul headquarters $7,428.81. The money thus far received has come from the following sources: 213 Farmers Union elevator bulk oil and shipping asso- ciations ........................................ $4610.00 233 state, county and Farmers Union locals ............................1246.54 63 rural towns representing contributions by rural busi- ness men ...................................... 1298.24 142 schoolhouse and community penny collections ...................... 227.37 45 individuals who remitted direct to the headquarters ...... 39.91 Now. we submit that the above make an imposing array of figures. They !represent the contributions, work and solidarity of Farmers Union organiza- tions and members in Montana, North Dakota. Minnesota and Wisconsin. They show the power and value of or- . ganization. Without organization the farmers I would have sent no committee to Washington or even if they had done so where and how would or could the funds have been raised to finance the job? Of the total money raised. North Dakota has contributed most. but that is because in North Dakota we have more members, more elevators and more bulk oil associations than in the other states, all of which is also adde~ proof of the fact that where there is most organization and most coopera- tion there we find the greatest capa- city to do things together. The raising of those funds has given our people a job to do together in four states, and they have cooperated in this as they have cooperated in build- ing a central cooperative purchasing agency, the Farmers Union Central Exchange, a central livestock sales agency and a central grain handling agency. Whatever the committee accom- plished in Washington, the coopera- tion which has provided the funds to finance their work is itself worth many times its cost. It proves to our people that united they have power, divided they are without power, some- thing which must be said again and again until its truth becomes fact to every farmer. Agriculture will never be prosper- ous and farmers never get what is coming to them until the farmers themselves do the job by organiza- tion and cooperation. THE AMATEUR GARDENER It was the busy hour of four When from a city hardware store Emerged a man who bore One hoe, One spade, One rake. From there our hero promptly went Into a seed establishment And for these things his money spent: One peck of bulbs, One lot assorted shrubs, One quart of vegetable seeds, He has a garden under way And. if he's fairly lucky, soon He'll have-about the last of June: One tomato vine, One eggplant, One radish. --The Pathfinder. A request from New Zealand for Buttercup squash seed was received recently by the North Dakota Agricul- tural College experiment station. This superior quality squash developed at the station is in demand in many dis- tant foreign countries. The seed will be planted in November. Dr. H. C. Hanson of the Agricultural College gave an interesting talk at Walburg Local recently. o I JUST TO REMIND I , YOU ] at, @ Twenty-Fourth Story: From the Congressional Record: "Federal Trade Commission Decision," in Which-- The Minneapolis Chamber of Com- merce Were Ordered to Cease and Desist From Interfering With the Business of The Equity Cooperative Exchange. tThursday, Feb. 14. 1924) Findings As to Facts (Continued) "'Par. 2. That the business, govern- ment, policies, and control of the said chamber during all the times men- tioned herein was. and is now, vested in a board of directors, including a president and two vice presidents; that as a condition precedent to admission to membership in said chamber and in consideration for membership therein all applicants have been required by said chamber to agree, and those admit- ted did agree, to be governed by the charter, rules, regulations, usages, and customs of said chamber and by all the amendments thereto, and to bind their heirs, executors, administrators, and assigns to be so governed. "Par. 3. That the business, practices, and methods of the said members while engaged in buying, selling, shipping storing, and otherwise handling grain have been and are regulated and con- trolled by said charter, rules, regula- tions, usages, and customs. That the size. power, and influence of the indi- vidual members themselves, and their various business connections, were such that the said chamber became and was during the times names herein an important center for the transaction of business in wheat, corn. oats. rye. and other grains. "'Par. 4. That until about 1915 the number of members in said chamber was limited, and the average price in Minneapolis for membership ranged from $3,500 to $4,000: that since said date the number of members has been unlimited, and the membership fee has been raised to $15,000. so that at the i time of the filing and ~ssuance of the complaint herein the members of the 'said chamber were so numerous that all of them could not at that time, without manifest inconvenience and op- pressive delay, be made parties there- in: that the respondents. C. A, Magnu- son. C. M. Case. William Dalrymple, and John G. McHugh, were for the fiscal year of 1917-18. respectively, pre- sident, first vice president, second vice president, and secretary of said cham- ber of commerce: and. with the excep- tion of said John G. McHugh, the said respondents, together with the respond- ents. A. C. Andrews. B. F. Benson. W. T. Fraser. H. P. Callaher, J. B, Gilfil- lan, jr., H S. Helm. Asher Howard. John McLeod. J. H. MacMillan. and F. C. Van Dusen. were directors and members of said chamber of commerce ] and were all residents of the city ofI Minneapolis and were each and all of] them fairly representative of the en-I tire membership of said chamber; that many of the above-named parties are' members of said chamber and are now. and were at the time of and for some time preceding the issuance of the com- iplaint herein engaged personally or as an executive officer of a corporation which did trade as a member of the chamber of commerce as aforesaid in buying, selling, and handling grain in interstate commerce in the city of Minneapolis. State of Minnesota, and throughout adjoining States." COMMENT:--Some of these findings may seem like a lot of "dry" reading to you. but it is important that the com- plete report be published, as contained in the Congressional Record. After the entire report has been published, you should then start at the beginning and read the entire report. You will find it very interesting. You will be sur- prised at the tactics used to destroy the cooperative grain mar~:eting move- ment as represented by the Equity Cooperative Exchange. Many grain producers are still sup- porting the system that carried on the attack. We doubt if they would con- tinue if they would but read these stor- ies. We believe they would immediate- ly support their cooperative organiza- tions have their cooperatives do all of their business with cooperatives at the terminal markets and also join their farm organization--THE FARM- ERS UNION. Every producer alive in 1935! Watch for the next story. State Office Notes [ @ The April program was mailed from the State office on March 16th. Your local leader should receive the pro- gram material and if she has charge of the program will need all the ma- terial. If your local has a program committee the local leader cooperates with the program committee in pre- paring the program for each meeting. Are your dues paid? Members whose 1935 dues are not paid became delinquent on March 1st, 1935. The State by-laws specify this and-state that delinquent members cannot prop- erly hold office or vote. Carry a 1935 card. Be sure to read the reports of the Farmers Union Legislative committee which appear on this page and in each issue of the North Dakota Union Farmer. Stutsman County locals are holding entertainments to help raise funds for Junior encampment. Entertainments have been held in Manna, Rose and Homer Locals recently. To those who are contributing to the Penny Fund or the Washington Legis- lative Fund, please send the remit- tance direct to A. W. Ricker, Farmers Union Publishing Company, Minneso- ta Building, St. Paul, Minnesota. Do not send it to this office. Mr. Ricker has charge of these collections and all contributions should be sent to him, FARMERS WILL GO TO ALASKA U. S. Announces "Sample" Migration of 200 Families and 400 Single Men Families and unmarried laborers from drouth areas or submarginal lands in northern Minnesota will be among a group to be "transplanted" to Alaska in a sample migration spon- sored by the federal government through its rural rehabilitation divi- sion. it was announced in Washington Saturday, the Associated Press said. Other groups will be moved from northern portions of Michigan and Wisconsin. Though no definite word has been received in St. Paul. accord- ing to Charles St. Denis. secretary- treasurer of the rural rehabilitation corporation, he said a meeting of the board of directors will be held Tues- day in St. Paul and the subject may come up at that time. A total of 200 families and 400 un- married men will be moved, leaving in May for the Metanuska valley where claims will be staked on 8.000 acres of public land. Because the climate of Minnesota. Wisconsin and northern Michigan is similar to that of the Alaska area to be used, farmers from this section are being picked, according to Lawrence Westbrook of Washington, an official of the rural rehabilitation activities. Selection of some of the families and individuals has been made tentatively, he disclosed and others will be picked next week. Minneapolis Tribune. i Juniors' Own Column Directed by Mrs. G. H. Edwards State Junior I,eader AS YOU GO TIIROUGI! LIFE Don't look tot [taws as yed go through life: And even when you find them. It ~s wise and kind to be somewhat blind And look for the virtue behind them. For the cloudiest night has a hint of light Somewhere in its shadows hiding. It is better by far to hunt for a star Than the spots on the sun abiding. The current of life runs ever away To the bosom of God's great ocean. Don't set your force 'gainst the river's course. And think to alter its motion. Tbe world will never adjust itself To suit your whims to the letter: Something must go wrong your whole life long And the sooner you know it the bet- ter. Ella Wheeler Wilcox. THE HIGH SCHOOL CORRESPONDENCE COURSE The bill sponsored by the Farmers Union, making a state financed high school course, available to rural school children, passed the legislature. Mrs. Jerome Evanson was the original sponsor of this plan and after it had been indorsed by the Farmers Union at the State convention, it was put into proper form by Farmers Union officials, mainly Mr. Greene, and put through the legislature by the Com- mittee on Education in both houses. It is now up to the rural people who cannot send their children to high school to take advantage of this bill and the education that it provides. It has been the contention of the Farmers Union that a high school edu- cation is as necessary for young peo- ple in this present era as an eighth grade education was, thirty years ago. Therefore it is working an unfair hardship on the rural children if they must remain away from high school. because their parents cannot afford to pay board and room for them in town, while the urban children may con- tinue in high school under the same conditions as they encountered in at- tending grade school. The state feels its responsibility in providing school facilities for children under high school age. It is also the responsibil- ity of the state to care for those above that age. The Farmers Union bill pro- vides for those children. THE CIRCULATING LIBRARY Don't forget that FIFTEEN cents will bring you a good book from the State Junior Department. for the per- iod of three weeks. You will want to read "Looking Backward" by Edward H. Bellamy. And no Junior can afford to miss reading "New Russia's Prim- er" by M. Ilin, because it will give him invaluable help in his study of the Machine Age National Study Topic. Send fifteen cents for wrapping and mailing charges to Mrs. G. H. Edwards, Jamestown, and the book will be sent lyou for three weeks. At the end of that time, mail it back to the Junior Department so that others may bor- row it. THE WORLD FROM WASHINGTON From National Council for Prevention of War, 532 Seventeenth St., N. W., Washington, D. C. Unofficial Body Works for Peaceful World Family Meeting now in London are the un- official delegates of ten countries who are attempting to produce specific pro- posals to stabilize monetary systems, lower trade barriers, and organize a peaceful family of nations. Rising in indignation against the "shut ourselves in, shut everyone else out" trade pol- icy, the American delegate. Nicholas Murray Butler. recalls the day when revenue agents forced New Yorkers to pay a duty on goods they brought into New Jersey, and refers to the close call in 1776-1779 when New York and Vermont were on the verge of armed conflict. Cannot the world do what our nation has done, he asks. I! Duce's Soft Words Fail to Cover Mailed Fist When I1 Duce, a week ago, said he was sending Italian troops to Africa to "maintain the peace," he wanted the world to believe that without an Italian armed force there would be war, with one. peace. This week Ita- lians declare that Abyssinia's peaceful overtures, the insistence of her charge d'affaires upon arbitration, are a "col- lection of beautiful words contradicted by all the facts of the case. Such peaceful sentiments cannot he recon- ciled with reports reaching Rome of considerable bodies of troops massing in Abyssinia near the Italian Somali- land border." The world also finds it difficult to reconcile Mussolini's "peaceful senti- ments" with the embarkation of thou- sands of armed forces from Italy for Africa. These books are available at the Fargo Public library and those of you who are interested may get them from there: Capital and Labor by John Fitch. American Library Association. 1929. Technocracy--An Interpretation. by Stuart Chase. John Day Company, 1933. The ABC of War Debts, by Frank H. Simonds. Harper. 1933. Socialism of Our Times, by Laidler, Thomas and others. Vanguard Press, 1929. Exploring the Times Series. Ameri- can Library Association, 520 N. Michi- gan, Ave., Chicago, Ill. The Place of Agriculture in Ameri- can Life. by Wilson Gee Economic History of the United States by Harold U. Faulkner. Tragedy of Waste, by Stuart Chase. Humanizing of Knowledge, by James Harvey Robinson. American Party Battle (Politics), by Charles A. Beard. The Future Comes (Recovery Pro- grams, by Charles A. Beard and H. E. Smith. Readings in Trade-Unionism, Women and the Labor Movement. by Alice Henry. How Christian Is Europe? Italy has probably more than thousand men, together with a air force and a heavy concentration' I artillery, moving into Africa for against Abyssinia. Aside from the tiny republic of beria, Abyssinia is the last dent country on the African All the rest of Africa has been by European powers greedy to the natives and the natural the land. And now Italy, which has her onies of Eritrea and Somaliland dering on Abyssinia, in her greed more power is taking steps to that native government with sword. Despite all the lofty professionS devotion to peace which have from Rome, despite the existence an agreement made in 1925 Italy and the African people to to arbitration in the event of Mussolini is resorting to the old taristic methods of wholesale and robbery on a large scale, code of ethics said that the spoils longed to those who had the take them. The world again has before its the unlovely spectacle of a styled Christian and civilized despoiling a people whom pose to be inferior. It is the people who know the facts in the that Italy is absolutely in the in this controversy, and that the European nations know it. And yet, France and England, 1; other so-called Christian civilized J tions, uphold Mussolini in this new ternational crime--they too hold can colonies. Plainly, no nation can well call PROGRAM PRESENTED i self Christian until its people AT FLASHER MEET ~, lutely refuse to arm themselves to vade a foreign land to carry death Flasher. N D.. Mar. 6--The Big Five Local of Flasher held their regular meeting Saturday evening. March 2. with a large crowd'in attendance. Dur- ing the business session there was a report from the resolution committee; there was also some discussion on a drive for new members. It was decided to furnish money for the Junior Lead- er, Mrs. L. Kautman. and the contest- ant in the Washington contest, Dorothy Pulley, to solicit new members as this would help the juniors earn points. There was a short discussion on busi- ness pertaining to the oil company. The motion for adjournment was fol- lowed by a program consisting of: Song--America--By all. The Creed--Arnold Mahn. Piano Solo--Winifred Bollinger. The Message---Walter Hansen. Talk--Rastus (M. Russell.) Four-minute Speech "Possible Reme- dies of War"--Alvernol Hansen. Dialogue "Getting Rid of An Agent" --Arnold Malta. Archie Malm. Betty McGill. Maxine McGill. Four-minute Speech. "Needed Farm Legislation"--Dorothy Pulley. Song--Bahr Quartette. Junior's Letter to Congress Mrs. Lloyd Kaufman. Following the program lunch was served. The Juniors also held their regular meeting at which they were given sug- gestions and instructions en how to keep their notebook. They also decided to have a penny social Friday evening, March 15. The money taken in is to be sent in to the penny fund which is helping to finance the committee in Washington, D. C. Everyone is wel- come. Come prepared to have a good time. ~From Mandan Pioneer. AGAINST FASCISM AND WAR The Cooperative Builder Our co-operative organizations have been the recipients of various "united front" offers during the past few months. Some of these have been down-right frauds. Most have been proposals that the co-operatives join mixed aggregations of organizations in a united drive against fascism and war. It so happens that the Co-operative Movement with its one hundred and more millions of members in every country is the greatest force against war and foscism in the world today. It is doing the fundamental and RADI- CAL job of reposessing for the masses of people the economic basis of life by doing away with economic autocracy which alone feeds capitalism and war. It is one great champion of genuine democracy in all human relations, eco- nomical, moral, and social. Its interna- tional creed is and has ever been founded upon the most insistent de- fense of peace. By its very nature it is neither a fly-by-night scheme nor a passing expression of protest or peti- tion; it is the driving economic and social movment which already is recog- nized by millions the world over as the very alternative to fascism that the well-meaning united front proponents should be seeking. Promoting united fronts against cap- italism, fascism and war on incidental and superficial issues is often charac- teristic of those who themselves are not engaged in a more thorough-going or fundamental effort to oppose the profit system and ifs evils. But fascism and war never have been nor ever will be overcome by such means, and it would be a dis-service to the masses of people if co-operators should join in deluding them with any belief that fascism and war can be effectively op- posed in that way. On the contrary, our high privilege and duty is to point out that they must go to the root of the evil by joining the co-operative and organized labor movements to help create the power necessary to end economic exploitation and social in- justice through the substitution of democracy and peace for fascism and war. LaMoure County convention will be held March 30th. suffering to their fellowmen so ]the greed of certain cot riors may be satisfied. Buffah Journal, Alma, Wis., March 7, 1935, BLENDING PLANT OF UNION CENTRAL EXCHANG$ NEAR COMPLETION i Farmers' Union Central I St. Paul. Minn., expects to be left in its new oil blending plant in March and making shipments its affiliated cooperatives in the west shortly thereafter, formation furnished the Division. The building will have a ment for drum cleaning, painting, storage; a barreling and floor for storage of tires and storage tanks enclosed in the that will have a capacity of gallons for the storage of the stocks that go to make up the oil, and an office and supply The exchange now has 211 filiated companies. In 1929 there 20. The number of tank cars of kerosene, and tractor fuel the exchange has risen from 1929 to 3.362 in 1934. The distributed 29.213.930 pounds of in 1934. compared with 2.084.031 in 1931. The exchange operates mainly wholesale purchasing its affiliated oil and gas and is a member of National Coo tives. Inc.. which serves as a gaining agency for regional tives of this type. The following shows, for its wholesale the sales and gross income on its ous lines of merchandise: Sales incOgtt OrOSJ Gas. Kerosene Distillate .... $1,605,457.11 Lubricating oil and grease .... 413,464.36 48 I Equipment ...... 102.277.69 8, Tires, Tubes .... 94,808.58 Twine ......... 66,271.68 Flour and Feed. 293,674.84 Miscellaneous Commodities . 39,564.77 r. Total ....$2.615.~19.03 $15: Net income of the wholesale ment for the year ending 1934. amounted to $55,467, or cent of sales. Total assets of sale department as of October 31, amounted to $200,997. Total net including the net income for the amounted to $136,066. In addition to the wholesale ment. Central Exchange number of retail branches in sin and North Dakota. Total these branches for the year October 31, 1934, amounted to The net income of the retail for the year amounted to $43,319, of the retail branches has been as a separate unit with all r rex erting to ~he stockholders rons. Interest paid on the capital allocated to each branch has ducted from the net earnings particular branch and the dividends for each branch have deducted from the earnings of branch. These branch facilities gradually being reorganized as cooperatives. Ten have already organized and the 15 " " i stations will be reorganized current year. The management Central Exchange believes ownership creates a better the membership, which increases ume and results in greater net to stockholders and patrons. branch stations are set up on basis, Central Exchange sells local company at book figures, sets which consist of plant accounts receivable, and and Central Exchange retires the tal stock in partial payments on tal stock and applies the the purchase price of the The newly formed cooperative full credit for earnings and stock subscriptions so that cooperative, in the words ager, "receives the benefit of erations from the time that started," Nesheim Local, Nelson CountY' being re-organized.