OCR Text |
Show Cache County Society Of Equity Organization Beneficial To Farmers Tho Cache Cotinty Farmers' Socl-oty Socl-oty of Equity has climbed to a position of proinincnco In tho commercial com-mercial llfo of Logan and Cache Valley In tho short period of two years that Is almost unbelievable. Tho business dono thi3 year, will, undoubtedly, bo well in excess of last year's business, nnd under tho ablo management of Jos. G. Salisbury Salis-bury -Its futuro i3 bright Indeed. Incorporated In-corporated In 1911 with a paid up capital stock of J20.000 at tho par valuo of $5.00 per share, tho volume of business dono was practically thri'O times tho capital stock. Tho Equity handles all kinds of farm machinery, Implements and equipment, deals In hay, lumber, co-ment co-ment and grjln. Tho farmers are ablo to buy their farm tnecessltlu3 a a price lower thau that paid to ('...alors not organized for the farm- I crs protection, Tho principle of this concern Is "Tho llochdnlo systom of j patronago dividend," which In brlof is this: To sell to tho farmers at a small margin of profit, adequate however, to pay Its oxponses of operation op-eration and 10 per cent on tho capital capi-tal titoqk, all over and abovo this nominal amount is divided among tho members, which at present numbers num-bers 319. However one need not bo a member of tho society to got tho ndvantago of their systom of selling agricultural necessities at a saving to tho farmer. A ono price systom Is also maintained by Manager Salisbury, Salis-bury, which assures all fair and honest dealings and all tho agriculturists agricul-turists of this section enjoy doing business with tho Equity. Tho socloty occupies tho largo framo structuro on South Main street, but tho energetic and cap-ablo cap-ablo managomont of tho business has produced such results that tho company intends tho coming year to build a commodious now homo on tho present site. Other changes for tho coming year aro proposals to Increaso tho capital stock from J20.000 to $50,000, and tho number of sharo any ono individual indi-vidual is entitled to own from 20 to 200. Tho dlroctorato which at present consists of 22 of tho prominent promin-ent farmors of tho valley Is to bo reduced to soven'to oxpedlto tho handling of company business. Theso changes will undoubtedly broadon-tho broadon-tho field of this worthy concorn's business which has already boon such n boon to tho farmers of tho country. During tho year tho company com-pany has handled car load lots of lumhor, comont, hay and grain, and Interna tho coming year to continue this policy of handling all kinds of farm produco aud necessities. It will becomo moro and moro a clearing houso for tho farmor to on-ablo on-ablo him to both buy and sell to tho groatost posslblo advantage. Its membership Is arnwn from ovory soctlon of tho county ana haB for Its prcsldont ono of tho most promlnont and successful farmors ol the state, Bishop Androw L. Hoyor of Lowlston. Tho directorate Is llko-wlso llko-wlso mado up of somo of tho county's coun-ty's most substantial citizens. With such ablo officers, such energetic management and such a policy, who can doubt that this Institution Is destined to becomo ono of tho greatest great-est business houses of tho state |