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Show f COMPLETE MERCAXTILE C0- 1 OI'EItiTIO.V. IThe benefits of cojperatiou in mercantile, . manufacturing, agricultural, agri-cultural, stock-raising and Irrigating Irrigat-ing enterprises have been demonstrated demon-strated in the Indu-trial history of Utah. Co-operation, however, in IU fullest sense and operations his m - not yet been reached In many parts BEB&Bj of this Territory. Joint-stock as- IBj soclatlons are of immense good to BBSB the public, but the are tut an en- BKBfts Urged form of common co-partner- BBVBY ship. The intent of true mercantile BBS co-operation is to make a complete BBBhFj union of ioteresU between the BbBbV buyer and the teller, or to make BBVBaj those who unite In the scheme both BbBbV purchasers and purveyors. Capita BBvBV does not absorb the profits. They go BKBBB to the consumer, and investors of BBBBB money only receive its agreed BBHBT rental a fixed iiercentage as though BBvBV It were a loan. BbBBBj We have received a prospectus BBBBJ which shows that the people cf BBBBBj Parowan, in Iron County, Intend to B&VaBB engage in tlds kind of rrcrcuntile BBBVB eo-operstion and test iU merits. BbVAVB They apptar to have started out on BBVBVJ a correct basis and we give the BBB&BE prospectus in full for the benefit of BAVI I t the general public The name of IkBBBBf the concern is the Farowan Bquit-able Bquit-able Co-operative Association and this is the prospectus ikBBBBBf 'The object of tha promoters or founders of this enterprise is to have a mercantile establishment for its HBBWBB foundation to build upon, and as tbe BBVBVJ power increases that wealth gives, to BBBBBB branch out into home Industries or BBbBBb enterprises of different kinds, until It BBBBBB1 ' produces and manufactures all that is BBHBBB needed for tbe Eusienanes and comfort BKBBBB of man and animals depending upon BBBftBB BBBB A 'CoNT.'infi.vs or MEiiBcrciiip. I. BKVBhB JA A person to become a fall member BBBK j most pay an entrance fee of (is) five BBVBT(f' , dollars, and subscribe for stock to tho BBVBJ ,' amount of (100) one hnndred dollars, BBVH ' ever and above the entrance fee. BKBjBB 'JI A person wishing to become a BKBBhj bTbTB member, and cannot pay a fall entrance en-trance fee at once,may, by signing the agreemont and paying (fl) one dollar as an instalment on the entrance fee. be entitled to a share of dividends oa purchase, but Is not entitled to vote or hold offleo until tlie fall entrance fee is paid, as the voting power Is by the entrance fee, not by the amount of stock subscribed. "III. Stock may ba taken by one member to the amount of (J500) Ave hundred dollars, and may be paid In full or by Instalment; but each member mem-ber will bo required to deposit as stock at lean fifty par cent, of the dividends due him, until his stock amounts to ($100) one huudred dollars. "IV. Ths profits of the association arc to be divUcd ns follows: First The working expenses must be uK). Second The stock invested must rraelve not more than five percent, per annum for.itanse. Third All profits over the foregoing must bo divided among the members In proportion to the amount of goed purchased by such members from the association. q V. Each person wishing to become a member must sign an agreement showing that he Is willing to comply with the above articles. "A constitution and by laws must be drawn up for the government of the association, which mast have the unction of or be ratified by the member. |