Show COMPLETE mercantile cooperation THE benefits of co operation cooperation in mercantile manufacturing agricultural stock raising and irrigating enterprises enterprise a have been demonstrated in the industrial history of utah operation cooperation co however in its ito fullest sense benge and operations has bae not yet been reached in many parts of this territory joint stock associations are of immense good to the public but the are but an enlarged form of common partner copartner co ship the intent of true mercantile operation cooperation co to ie to make ac a i complete orn union of interests between the buy buyer erand and the seller or to make those who unite in the scheme both purchasers and purveyors capital does doea not absorb the profits they go to the consumer and investors Investor of money only receive its agreed rental a fixed percentage as though it were a loan we have received a prospectus which shows that the people of parowan carowan Pa rowan in iron county intend to engage in this kind of oo 00 operation and test its merits rhey appear to have started out on a correct basis and we give the prospectus in full for the benefit of the general public the name of the concern is the parowan carowan equitable cooperative Asso association clatton and this to ie the prospectus the object of the promoters or founders of this thia ent enterprise oprise la is to have hae a mercantile establishment for its foundation to build upon and as the power increases that wealth gives to ranch out into home industries or enterprises enterprise a of different kinds until it produces and manufactures all ali that is in needed fop fo the sustenance and comfort of man and animals depending upon him conditions OF membership SHIP 1 I A person to become a full member must pay an entrance fee of 5 five dollars and subscribe for stock to he amount of oue hundred dollars over and above the entrance eitran co fee 11 III II A person wishing to become a member and cannot pay a full entrance fee at joncev once oniemay nay may b by y signing the a agreement gre ement and paying 11 1 one dollar as ag an installment instalment on the entrance fee be entitled to a share of dividends on purchase but is nol noi entitled to vote or hold office until the full entrance fee is paid as the voting power is by the entrance fee not nol by the amount of stock subscribed III stock may be taken by one member to the amount of five hundred dollars and may be paid in full or by instalment installment but each member will be required to deposit as stock at least fifty per cent of the dividends due him until his stock amounts to one he hundred indred dollars IV tha profits ol of the association are to be divided as follows first the working expenses must b be I 1 paid second d the stock invested must receive not more than five per cent per annum for its use third all profits over the foregoing must be divided among the members in proportion to the amount of good purchased by such members from the association V each person wishing to become a member must sign an agreement showing that he is willing to comply withroe with jeche above articles A constitution and by laws must lie be drawn up for the government of the association which enst have the sanction of or be ratified by the members |