Newspapers / The Progressive Farmer (Raleigh, … / Nov. 27, 1920, edition 1 / Page 24
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f f n't.,. ' c A,rday, November 27, 1SU3 ; , , k , ,t; v , ' tnrmcriy -echamcal end of I the .fit-packing ' V'Sls. to say nothihg.of what was - ' f marie irui" -7 t. ' '! : , . . ' t ai e - producers control we urarawry i" rrHE common stock -of; thcware-f I ' , -1 housing company Jwciu.uyinc 1 - .rowers only, wfrHtbeyyfefeired " stock is sold to. anyboOy.he tottir ' men has Jhe voting power, came officers and directorate .elected aS v for the rnarketingXssociatiohiQthat - 'for all practical purposes'the two are one and inseparable. '.jThdP chief , rea son for having ' twoj; organizations, aside from the legal,' advantages and other advantages 'of-the' non-profit organization which doe the'inarket i 'mgt is that it facilitates Uhe'juse of warehouse receipts in'securingeVedit, A company cannot give itsejjf a ware house receipt, but the J warehousing company can give one to the narket-i ing company. That Isreally the Icey point in the method , of rfinancing crop movement on the". basis of "crop contracts and warehouse "receipts. Preferred stock is issued Aor four vears, one-fourth to be retired each year. This is retired, asfl explained before, out of the profits jof ;thesub sidiary company. ', If the profits' any one year are not enough to ' retire the stock, the amount to make "iip the difference is deducted '.from the returns, to the ; growers;? On . their prunes. At the end .'of .four, years only the common-stock. js. left A and this is owned by the. officers 'of the I" marketing association: for thve asso ciation itself. The pTune association is now on the third ytf of "retiring the preferred stpek, and r will ;soon have its splendid physical equipment owned by the marketings-association without having a cent invested 'except the profits. "Thisjs wha't,Jvcall tak ing the premiuniout of Capital.jsays General Manager H. G. Coykendall. Revolving Fnnd:" -JNOTHER plan nsed by' sbrne or n ganizations, notably "the' raisin as sociation, is to provide - a revolving fund by assessing' every member .a certain charge for each ton of his product handled, say $4.per ton. This money is turned into the capitaljind of the association. Suppose man produces 100 tons of raisin's 1919, 50 in 1920, 150 in 192land 200 tons in 922. He pays in $400 An 1919; $600 in 1920, $600 in 1921, and $800 in 1922. this being deducted from the --cluttk pay- "5 iur nis crop. At the. end of four years his first; payment' is 'returned he $400 going ;baekin' 1923$600-i'n etc., so that. if her' should qutt business in 1922 he1 w&iM W all aM t by 1923. Inierest.ot'course.is paid each year. - : .. : .eluded from:page:solumV4)U;- i ; ' ' - , . . - ?Vf : ' . That gives ofHfeV - " 'yC '.V Cf7 Si I Cl down to plain figures.' Check up the nation V ' 5E it ally - known mechanical iiniri ' of The 'toiarie ' ' h ' , DIXIE AUTOMOTIVE CO, 252 Summit Avenue Greensboro, N. C NATIONAL MOTOR SALES CO !013 'Gervias St, Columbia, S. C. ally known mechanical unitt of The 'Diarie Flyer. Compare them, one jlyjoine, with those of cars selling at higher '. prices. Ride in "the car. Drive it. Note its small gasoline consumption and long tire mileage. ' Feel it? smooth, asy movement and the assuring response of its fuUfpowered mptor. Then you wtfllcnowwhy'Bixie-o are finding in it dependability, economy and comfort. Ask thefaearest dealer for particulars or write us direct. Built by the makers of " OLD HICKORY dependable vehicles. t KENTUCKY WAGON-MANUFACTURING , CO. IaconxwatcA ' - t , - . . . . . LOUISVILIJE, KENTUCKY f There are many aclvantages in favor Z - ?lsm rpwiriiplarpfret'.; vlvmg f und chieiiM?is; that it riiV i. Hiouni oiqapiiai in ct proportion to ;themount - of .--10 wn,ch the;r:s'tlirei?ai ation. Thus a irriall grower might furmshmg $50 Vr&aW vol ' Tlsh $500vPr ,This-re-Ioundng 'ide? iVfund ment-aIy The Principleo?eWcriucon eabusly guardedly the coopera For C1iti0tts in the FacificCoast mt TSfc & ch h the capital" kV1 Premium out of following 'th oian . of -or-" y ZT Vtht nonprofit- plan w out capV stock: totdnV at-onJ California assor "adina ft, ffonSOon't miss on ihiyff Ktotitiions are bostdl . I V .. - , ,, I .., f , . ,r - - i -.V.5,.-V,-W.. i . , m v m - . .. fm v n , m mm mm m , . -v. m m- . ... a i b-. mm m ' r- i i i-i. 4 . r.i-1 ii rorcomuri co?nro'j Eveiy air guaranteed MADE AT SrHRLEY MASSACHUSETTS r 1 CM rO STUMPS too big. r Get Mfliiev-SaviM Offer on, the UremU$ Hand and Horn - nd fast. Send post card for , free book. Introductory , ? orfce offer now. . : fliireiitcod'Sfx Kcnlhs ?trl - six months.. Think of it-nd yon don't pay acent cii mnnt.hM. Thlnt of Itnd vmi rlrni'. n.v a. Mf 4tl miv efiAAfl M AaIIimmJ' .i. Vam - 4nV. a '4. ; IUUU J VI . BMW UVMTVAVU - : JL VV iWtmV W AAJ ACT MOWJ Read description below. - ' .1." - iv' 1 The proof of the maldner If In tb wearing: :' Thlf ' ' ahoa will atanduhe hardest test. . Costomera write , they wear utoai montns. xninK oz it; cut your Shoe bill down to f 4.60 year. Order a pair now . at anp riak, Tha most rneeed and comfortabla ' ahoes- made. Dark brown-only. Unnson last. . ; ' Blacher atylft, dustproof bellows tongue. Na " Krome eiUKUl uppers mos mm .eatnerj.t win sdry soft after beinr wet. Specially, tanned, maUnf them acid and manure proof. Solid leather, f thenr tirio dorablo. (Will poaittTel otwMr S oak leatber aolekl fviatBS DMOiam, WliM, extra , wiae. bubs so is. wwtf , . : av satisfied on arriTal return Sr x f I ahoea and we wul raiuno 'I ' yoBrmoney,;- . J - Hwcfj Coupons - ,r Send today. leteaaowlaPalr ra approval..; ion tav i tiak. if -o -are-- k not entirely aatis ' flwlwowlU NCaad - jronr bobt at , oooa. faat tltat, fair t Uw coupon or poateard now,; Mto yea Corgofc " : .v- firth Avaiiesr Cariaiirflov;: tf YoriuCY. 4 4 J V laa j aa..'.. --i Cdl Ave. Sarria kmmi 42re Oap.Cf!04MiVorfc.H.Y.' ' .- 8n K. tSS. f .. vJ. MgSUOi.. . Ai I wiU pay .s'- I ' fw&rfa aotara on arriTsL If Boi i a Set 40 aw oiwa 4 ia J- I 3.
The Progressive Farmer (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 27, 1920, edition 1
24
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