THE NEBRASKA INDEPENDENT
FEBRUARY 4, 1904.
powerful company will enable them
to get advantages that they cannot
get in any other way.
The Farmers Co-operative Shipping
association owns and operates all the
elevators under one management.
The company i managed, by a board
of nine directors. The directors are
elected by the stockholders at their
annual meeting. Each stockholder
votes in proportion to the stock he
holds. Stock is $10 per share, and
stockholders are limited to 300 shares.
No person can hold more than 300
shares. This clause was adopted in
order to prevent one man or a few
men from gobbling up the company
after it was in successful operation.
The association is incorporated un
der the laws of Kansas. Under the
statutes of Kansas, when stock sub
scribed for is paid in full, it is non
assessable. The double liability
claue was repealed by the last legis
lature. So when stock is paid tor,
there is no danger of further claim
, against a member, even if the com
pany should be unsuccessful or fail.
While the Farmers Co-operative
Shipping association has secured
wonderful advantages for its stock
holders, its officers can see many fur
ther advantages that can be gained, as
the company becomes 'older and
stronger.
The Farmers Co-operative Shipping
association , is a home industry, and
gives the local stockholder every ad
vantage that can be secured" by a local
company and many additional advant
ages which cannot be obtained by a lo
cal concern. The company is operated
in the interest of its stockholders. It
pays dividends on its stock and its
net profits are paid back to its stock
holders, taking into consideration
their investment and the number of
bushels of grain shipped.
Elevators operated by our associa
tion will greatly benefit the business
men of the town or city where such
elevators are located. It will prevent
grain dealers from combining and de
stroying the local market, which of
ten drives producers away from home.
The most wide awake progressive bus
iness men at all stations where we are
operating have taken stock In our as
sociation, and are aiding" the work of
advancing the best interests of the
community. In this, way, increasing
the wealth of the country, as well as
the town or city where such elevators
are located. Our company operates
in a manner which aids in, wiping out
the prejudice which often exists be
tween the business men of the town
and the producers tributary to such a
trading point. It teaches them that
there is a common business interest
existing between the business men of
the city and the farmers. and produc
ers. .
We herewith produce the report of
our general manager for tho first six
months together with comments of
Mr. C. Vincent, editor of the Fanners'
If You Have These Symptoms
: Send For My Book. ,
If yon want to feel better. '
If yon want more strength,
If you lack ambition,
If you can't do things like you used to,
Jf you lack confidence In yourself,
Jf your nerve your courage -is leaving yon
If you lack vim, vliror, vitality,
If something; 18 eating away your constitution, write
to me for the book you need.
The book tells or my discovery. Tells how after
thirty years I found the causo of the symptoms Klvon
above and of many others.
The book tells how liy scientific experiment I traced
oot the causes that nrtnar on chronic diseases, it tells
how 1 perfected uiy pntscrlpUon nr. fchoop's Hcstora
tlva .-
I found invariably that where there was a weakness
the Inside nerves were weak. Where there was a lack
of vitality that the vital verves lacked power. Vi here
weak ortrans were found, 1 always found weak nerves.
Not the nerves commonly thoujrnt of: but the vital
ortrans' nerves, the Inside, the invisible nmc
This was a revelation.
T hen my real success beean.
Then 1 combined Ingredient that would strengthen
that wonld vltallae thwse nerves. I hat prescription 1
railed a mtoraUve. it Is known the world over now
a Ir. Mtoop't uturatlve. After that I did not fall
tfl eure one eaa In each hundred, lu the extremely
Otfflrult cases my failures for live years werv oe In
f ach forty treated. I found cancer Incurable. Caacer
is lor surgery, not medicine.
The how to r-1 this prewrlptlon to sick ones every
Where was my thouuht. Idiwi aunounce It In the
touMtc prees. Kui, thouuht I. Mil thfy realUe the
iratnof my dlseovery the real power of It Mirtop"
KctoraUv? 1 hen a way caioo U mellke an iiunlr.
ttlon. l will offer It t the sick on trial, i hen the
will know 1 am sincere."
iwrotearrtlaildruirttln each city and village
to America. 'I hey aiiced to co-operate with me
how by any sick one
Dr. Shoop's Restorative
ran 1 taken on trial, rer full luooth I mil let
ou u it entirely at my rik
tend no niiiory. Jut write me for the you
Bent. V hen I arnd It I UI tell y.iii f h a ruga 1st
sibr M will rriult the nuts IBM trial.
t w lhi I rli.rUve a uti. I hen dwti). If ya
say to ifcedruftfUt "it did u-1 hrlp me" itut will rr
tie i,.u I ant whatever. iu ni n.j !(,
nt t
t tut h ii y wt of etett'n fr win,t ef u at,m ts
M l ht lr 't' r- . lie rn 4
- u mt f l lfiMlwtsl, uu rao..t dMtute this
i. lmi wMHit t ! ttiu l anuut rru ait u3vr
lit itti H i f at ail u a
II jh fc , fi me
If mill 4 Ihluss l.t fwM nrti U datbein. Irll
in a out li
w rn It e 9 lei" s a ihtwtti I well toil n
Pimply Ut wltli'h
lwnk jt tint mi l !
if V. -i. (,
I ! I'.aclu. H U
ii a i i eTvik
t at
Ult.ln siS. nl cUrmt ire ofttti uit! wliU
cu Of l m,U1c, At UlU.lJW
Advocate, published at Topeka, Kas.
Mr. Vincent writes in the form of a
letter and signs it himself.
Recapitulation showing business
transacted by the Farmers Co-operative
Shipping association:
Total number bushels bought and paid
for ....... ". 1,112.615.15
Total cost $636,249. 79
Average cost per bushel ..57.2
Total number bushels bought not
paid for ....... u 13,342
Total number, bu. received. 1,125,957.15
Total number bu. shipped. . 1,055 .6G3.40
Balance, on hand ......70,203.35
No. bu. on hand paid for. . ..56,951.25
Average cost of grain on hand paid
for . 54c
Approximate selling price 60.7c
Proceeds front sale;.. $641,683.58
Value grain on hand paid for$30,83S.54
Groas proceeds .$672,517.12
Total cost $636,249.79
Difference, . . . . . $36,267.33
Less valueof grain shipped not paid
for ...Vv $1,340.33
Gross profit .,.........$34,927.00
Operating expenses ...,....$ 7,163.86
Organization expenses ..... 3,348.50
Station expenses ...... 11,130.30
Legal expenses 649.16
; ' . $22,491.82
Net profit on purchases...;. $12,435.18
Rec'd on consignments $1,352.00
Total net profit ...$13,787.18
$13,787.00.
"The above -figures are extremely
suggestive and convey to us a lesson
that should be thoroughly pondered
and carefully studied. , They are only
part of the lesson, however, and the
rest of it should be studied in the
same connection, and should always
be considered a part thereof.
The figures are found in the report
of the manager of the Farmers Co
operative Shipping association, and
represented the "net" profit of the as
sociation at the close of its first half
year's business The "other part" is
the fact (not mentioned in the pub
lished report) that the association has
paid on the average 3 cents per
bushel more for wheat than was paid
in the same town before ther opening
of the association's offices. Three
and one-half cents is 7 per cent on
the value of a bushel of wheat at 50
cents. Therefore the "presence" of
the farmers' corporation has been
worth to all farmers on the average,
non-members as well as members, Zy2
cents a bushel on the entire crop mar
keted after the opening of the asso
ciation's elevators, or 7 per cent in
crease in the value of the crops of the
,entire community.
Let us figure this a moment on the
basis of one and a quarter million
bushels handled. 3 cents a bushel
on that amount equals $43,750 of profit
to the stockholders, not included in
the managers' report. Add this now
to the figures $13,787, and we shall
have $57,537, as the stockholders' di
rect profits in the six months (in ad
dition, to all the profits enjoyed by
outsiders on account of the rise in
the market price of grain by reason
of the "presence" of the co-operative
association).
But, the farmers have contributed
the capital stock to the sum of about
$75,000, and ' with that capital at the
close of the half year's period (prob
ably the "average" capital foi the
period would not exceed $50,000) tftey
have realized a clear profit of $57,537.
If now, we assume that the "average"
capital for the six months was $50,000,
It will be seen' that on the average
the farmers have received back in
profits rubre money than they Invested
in stock in the association, and that,
too, within the first six months. This
has been accomplished, too, In face
of tho recognized fact that espouses
would naturally be higher in propor
tion to business done in like periods
after the-machinery of business Is
thoroughly in running order
Such a magnificent showing In the
highest possible tribute that can be
paid to the t Lse and careful ruan
arrcmrnt of the board of dim tors and
of the officials entrusted with the exe
cution of tho fKtalia of the great work
so well performed, A board of direc
tors and executive ofikera that can
produce such wonderful resu'ts while
contending nsainst great odds, de
serve well at the lunula of all Rtrxk-
holders, and the knowledge that the
oftUUli have performed their woik
lth ntu'h market ability and fidelity,
nhould tlr to avtlvlty every t k
Imhkr, and determine him never to
ret;t until tho sto. k held In hU com
munity h at le.tt doubled, and In
route t a.--04 treated and q-iadmpbul.
The board nnd operating oGkUla
hive many ttiaes I ren hard prrwd
for fund by reason uf Use rapid
growth tf lupines, out of proportion
to Mailable r-IUl. 1 his tondltloit
tan to vtvollet In tlie futuie Jf alt
KtocUhcJdvr will r to!u!cly take hold
now while other work Is not crowd
ing and pnsn. the sale of the associa
tion stock.
Never in the history of farmers,
since the world began, nave we any
such record of co-operative effort.
Other classes have co-operated suc
cessfully, but this is the first time
for farmers living beyond each oth
er's sight and acquaintance, to capi
talize a company and do business ac
cording to methods of business men
in other Industries. Surely the tele
phone, the telegraph, the rural route,
and the daily press are making mod
ern business men of farmers in the
nnenin? the 20th century. With
such conclusive evidence before us of
Hip. fntcsrritv and canacitv of our om-
cials, let us' press on with renewed
energy in tne preparation ior a gieai
1v enlarged business in the next crop
marketing period.
Elevators are to be built; a-termiuai
elevator should be provided; new sta
tions are to be opened and equipped
anri thp. next business year should
open in July with forty or fifty fully
equipped elevators instead 01 tne
"one" we had on July 8, 1903.
The close of this half year period
of existence, of the Farmers Co-opcr-arivp.
Rhlnnlns? oRSoelation has brought
results giving completest satisfaction
and filling, all stockholders with re
newed confidence in themselves, their
class, and their association.
C. VINCENT.
The Farmers Co-operative Shipping
association is located in room 123,
Board of -Trade building, Kansas City,
Mo. It will buy of build elevators
when its rules are complied with at
any good grain station x in Kansas,
Oklahoma, Nebraska and Missouri. It
will extend into new territory just as
fast as farmers become interested and
make it practical to do so.
We have an executive committee
that passes on .all applications for ele
vators pr shipping stations and ele
vators are built at stations where the
business will justify it. This is a
farmers' movement and farmers must
take the lead in securing branch ele
vators at their station. Our company
will aid them in every practical way.
It is not a d'flteult matter for farm
ers to secure enough stock at a good
grain point to buy or build and oper
ate an elevator. Our company has no
capital except what is furnished by its
stockholders and each local associa
tion must subscribe for sufficient stock
to buy or build and operate an ele
vator at each station.
Our company recommends a 10,000
bushel house, which' will require an
investment of-$5,000 to build and op
erate the same at ordinary" stations.
There are exceptions to Lhis rule. At
some places it will require corisidera
ble'more money, depending altogether
on the amount of grain that is han
dled at the station, and sometimes it
is considered best to buy an elevator
which cost usually more than to
build. v
We handled over 1,500,000 busheis
of grain since the 8th day of July,
1903. Farmers interested and desiring
to secure a branch elevator at theif
stations address James Butler, presi
dent, at room 123, Board of Trade
building, Kansas City, Mo.
An Early Convention
Editor Independent: I discover there
is quite a conflict of opinion as to
what we should do in the future, borne
are in favor of voting in primaries in
local elections that is, fusing to gain
a point and then coming together in
national elections. That is a humbug
and the death of any reform parly.
Others are in favor of postponing the
populist national convention until we
can discover wnat the democrats and
republicans are going to do In their
national conventions. Or what Mr.
V. J. Bryan and Mr. Hearst are go
ing to do. Then there are others who
Lave already selected their candidates
for president and vice president, it
is Hearst, a milllpnaire, and Tom
Watson, a retired and disgusted pop
ulist. But Tom Is all right. He, will
corao to the front again whenever his
country calls. But it Is too early to
talk about candidates better wait un
til the 22d of February and ns(ita!n
what is done at that time. We have
to organize fircl and how can wo tr
ganlzo throughout the nation without
propaganda funds?
Early tn lS'K It was understood by
nil popullsta, t least In the rauk utid
tiR that tt'e populht party was to
bold It national convention prior, to
that of either of tho old parti" and
had It done ii Instead of postponing
and bad It td Independently, I in
tertly believe the toiuilbt itrty
would t In power Unlay. When tho
oil vthlii party went down th re.
piihtUnn party wat orf'ntmed iij
I; rittt. Jtdrn C. Fremort renlvcd
!,2QiV"J0 In U' In mo AU I.lnu.'.u
INTENSE SUFFERING
From Dyspepsia, and Stomach Trouble
nstantly Relieved and Permanently Cured by
Stuart's Dyspepsia Tablets
A New Discovery, but not a Patent Medicine.
Dr. Redwell relates an interesting
account of what he considers a re-;
markable case, of acute stomach trou
ble and chronic dyspepsia by the use
of the new discovery, Stuart's Dys
pepsia Tablets. .
. He says: "The patient was a man
who had suffered, to my knowledge,
for years with dyspepsia. . Everything
he ate seemed to sour and creaU gases
in. the stomach. He had p3ins like
rheumatism in the back, shoulder,
blades and limbs, fullness' and distress
after eating, poor appetite and loss
of flesh; the heart became affected,
causing palpitation and - sleepl ssncss "
at night. .
"I gave him. powerful neno tonics
and blood remedies, but to no purpose.
As an experiment I finally bought a
50-cent package of Stuart's Dyspeps-ia
Tablets at a drug store and gav them
to him. Almost immediate relief was
given, and after he had used four
boxes he was to all appearances Cuily
cured. s ;
"There was no more acidity orscur,
watery risings, no bloating after
meals, the appetite wa3 vigorous and
he has " gained between 10 and 12
pounds 'in weight of solid, healthy
flesh.-
"Although otuart's Dvspepsia Tab
lets are advertised and sold in drug
stores, yet I consider th.ern a most
valuable addition to any physician's
line of remedies, as they are per
fectly harmless and cats be given to '
children or invalids or in any con
dition of the stomach with perfect
safety, being harmless and containing
nothing but fruit and vegetable 'es
sences, pure pepsin and Golden Seal.
"Without any question they are the
safest, most effective cure for indi--gestion.
biliousness, consiipation and
all derangements of the stomach,
however slight or severe."
swept the platter. It was composed of
members of all political organizations.
If each organization had determined
to act independently it would have
split the vote and no one knows what
the result would have been. But there
was an alliance formed. The ultra
abolitionists did not get all they de
manded, yet as Old Abe was opposed
to the extension of slavery and pro
posed to keep it where it existed, the
abolitionists acquiesced in his deci
sion and allied wfth the republican
party.
How is it today? There are a great
many political and non-political re
form parties In the United States. Tho
principles of each are very much the
same and if they would all unite or
form an alliance and settle It at the
ballot box the job would be accom
plished. No one independent party
can ever beat the money power.
The socialists think they will be
able In time to secure and establish
the co-operative commonwealth, but
it seems to me they are laborlrg un
der a delusion. There are many things
in socialism that I admire and sorae
things I do not fully understand.
At the Denver conference It was de
cided that the ivopullsts would make
their nominations for president and
vice president earlier than tli two
old parties and 1 hope they will do It
In spite of the vorld. the lK-sh, and
the devil. M. HAiilt.N.N.
Magnolia, Ky.
William Mlhrd. Ilnvmoml, Mont.:
"Unit: live Th' Independent and the
Old Uuard of I'opuU ru.M
HEADACHH
Ai kit fcv
2 lA. I'm.