OCR Text |
Show A Co-operative Farm. A colony of about twenty-five families from the North, for the most part farmers, have recently secured aobut 3,000 acres of choice farm land in Cullman County, Ala., on which to locate a co-operative farm. It is to be organized as a joint stock company, with a capital stock of $200,000 limited to 200 shares of $1,000 each. No person can purchase, own or control more or less than one share of the capital stock. the labor is to be performed by themselves and their families at stipulated wages, the profits to be distributed as dividents. They propose to introduce manufactures as soon as practicable, as they possess a tract of valueable timber as well as an inexhaustible supply of coal. |