OCR Interpretation

The day book. (Chicago, Ill.) 1911-1917, January 23, 1912, Image 13

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1912-01-23/ed-1/seq-13/

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Correspondent Evans Visits 'Minnesota Town rWhere Broadest
Application of Principle of Co-operation in America, Perhaps,
IsSeen a Pure Democracy Is This Company, and It Is Very
'Successful. '
By Raymond Evans. .
Jbakefield, Minn., Jan. 23. i
F,ouf years ago I. N. Smalley, a
prosperous Jackson county farm-
err,bought one share in the Jack-
, .loudate, four yearsafter the
establishing-of the Jackson Coun
ty "Co-Operative store, Smalley's
.$10.0 has earned for him over $300
in dividends on the goods he has
The' Lakefield Co-operative Store J. C. Caldwell, the ' Moving
Spirit of Jackson-County Co-operation
son .County Co-Operative com
pany? He paid $100 for his share.
It .was a new venture, a sort of; a
gamble, but he was. willing; to"
rfsk that muph on-it, --- -
bbueht of the store.
Also 'it has earned its- regular
six'per 'cent dividend ('or ' inter
est" as the Lakefield folkstalUt
paid'on stock. Thaf's)24'mor
ZQ8&8 .i.
. &4o.iV.$

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