HOW DO WE .STAND ?
JDcar Ifcnboi*:
I cut short my talk at the Annual meeting because of limited time and the fact
that several imnortant issues rere on the A,ienda that had to be taken caro of.
Most of the information I deleted can be shorn by the charts in last neck's
Settler and the one belor. It is the managers duty to keep the membership in
formed of the true status of the organization.
This diagram shors in rhat form the assets of the Co-op arc held. Let us examine
some of tho pieces more closely.
Inventories For a l4 million dollar sale in miscellaneous goods this inventory
is not excessive. This shors that re soil an amount equal to our inventory six
times a year.
i-lant and ~ou moment we shor a little over a nuarter of a million in value, we
have maintained depreciation schedules '-hich have kept our declined value well
rithin normal values. Compare our total plant equipment with several other'
single buildings in torn that havo reputedly cost as much and I am sure you car.
see that re are rell on the conservative side. Your Co-op cannot be accused of
♦’■catering its stock,”
Accounts f: Notes Receivable In all business this category is vitally important,
A high volume of accounts i3 not ’detrimental as long as they are kept moving,.
Most of our receivables are commercial accounts rhich are rith for exceptions in
good standing. Individual accounts have a tendency to drag more. It is neces
sary then that re demand prompt payment of all accounts and start proceedings •
against all delinquent accounts. This I plan to do.
Due from claims end advances IMs is high because of the loss of '“>10,000. rsrth
of goods on the barge last fall, r’e had to pay for the goods and then collect
from our insurance companies. They have acknoolodged our claim and rill re
imburse us rhen the records are clear.
Continued on the next page.
Fairer cooperatives reduce cost of production. They stabilize markets. They have help
ed along the road to progress to guarantee that American consumers rill be roll fed
and roll clothed. And along this road-business, industry and labor have gained._
church announcEiHEnTS
ST. MICHAEL'S CATHOLIC CHURCH
R Father Jar'es Snead, Pastor
Sunday Kv.ro 10:00 rtr.
Confessions heard before Mafia
Sodality Connunion-first Sunday of each
north.
SEVENTH D ,Y ADVENTIST CHURCH
l
SATURDAY VISITORS ARE T7ELC0ME
Sabbath School 9:45 an
Church Services 11-00 an
THE CHURCH OF GOD
Rev. J.H. Davis, Pastor
Sunday School 10:00 an
Moraine devotions ll’OO an
Nid-ueek Prayer neetings held in the
Private Hones.
WA ’"ELCOIT: is EXTENDED TO ALL."
; ! : , : .
THE VALLEY CHAPEL of the CHURCH OF GOD
Rev. George rJ. Geinitz, Pastor
Sunday School 10:15 on
Vorship Service 11:00 on
Prayer & Bible Study (^ed) 8:00 pn
CHRISTIAN SCIENCE SERVICES
Sunday
11:00 an
Held in the H.S.Bauer hone.
The ru'olic is cordially invited to attend
UNITED protestant church
Vic tor I. Alfscn, Factor
C'urch School
Horning Worship
Cljristian Endeavor
Evening Service
TT/JSCILA COITtUNITY CHURCH
Victor I. Alfscn, Pastor
Sunday Sorvicos
10:00 an
11:00 an
7:00 pn
8:00 pn
3:00 pn
THE CHJRCH CHURCH 0? CHRIST
Roy E. Athens, Minister
Sunday Services:
Bible School
Morning TJorship
Evening Services
Wednesday Evening
Bible Study and Prayer
ST. JOHN'S LUTHERAN CHURCH
Sunday School 2:00 pr
Churfih Scrvicos ' 3:00 pn
Rev, Friends rill be in charge of the
services.
LUTHERAN HOUR-SUM DAYS over K.F.q.D:
TONE IN at
10:00 an
11:00 on
B:00 pa |
’I
8:00 pn 1
12:30 noon