VALLEY SETTLER
Published once n week in Palmer,
Alaska for the Matanuska Valley
Fenners' Co-operating Association,
for the purpose of giving news of
tho Association's work, problems
and accomplishments.
By-Lucille Lc Due
$‘1.75---Per year
10^-per copy
THE UilllO BinUJE
As tho old saying goes, the only
things we can be sure of for the
tomorrows are death and taxes* The
futuro may bring peace for all tho
world, or it may bring the worst of
all wars. Perhaps we v/ill have
more inflation and higher‘prices,
or it could turn the other way and
throw us into depression and busi
ness s lump.
There is no use worrying about
it, or even trying to forecast
what’s ahead of us. V/e can hope,
and pray, and cuss,- just like our
fathers and our grandfathers did,
for they too went through exactly
the same sort of times. We have
ono great edge on them, though, for
we havo a great and powerful force
to fight for our rights and protect
our interests ... the farmer-owned
and controlled cooperatives.
If all of them were banded to
gether it would mean almost
3,000,000 farmer-business men and
at least 10,000,000 Americans,
ready and willing to do their part
to keep the wheels turning.
But there is ono catch in this
and that is YOU. It's up to YOU to
keep your cooperative strong and
going constantly forward to build
up the reserves and facilities that
would bo needed in case of emerg
ency. And as you build you benefit
--today and every day—by the serv
ices, and savings, and the extra
security that your local and its
affiliated CQ-OPs provide for^wrf.
Your CO-OP is not a charitable
organization, it docs not ask for
gifts or pledges from you to kocp
it going. It does not caro about
your politics or your religion. No
ono can mako a dollar of profit
from it and no ono person can own
a greater share in it than you do.
So it is UP TO YOU to keep it
going... .boost it and get new mem
bers...take a porsonal interest in
its affairs...PATRONIZE IT AT
EVERY opportunity.
Then, no matter which way the
wind blows, your CO-OP will be
right there to really help you do
better farming and to live better.
. :.8RlK
LIP youi?
w
r"\
V
(Reprinted from
Central Exchango Messanger
August 1951)
COOPERATIVE TAX
STATUS CHANGED
Under the Senate revision, a co
operative exompt under Section 101
.(12) shall pay corporate income
tax on reserves-exclusive of the
deductions allowed other corporn
tions---which are not paid or al
located to patrons in a manner
which discloses t ' each patrom the
dollar amount allocated to him.
Cooperatives, however, will have
until the 15th day of the ninth
month after the end of their fiscal
years to pay out their patronage
refunds in cash or merchandise.
The original Finance Committee rec
ommendation had allowed until the
15th day of the third.month.
Unchanged was the proposal to
allow two years for paying of ir~
revocable obligations after the
close of the year in which the
patronage occurred, with interest
of at least 3 per cent.
The bill also contains the re
porting requirement with respect
to refunds, under which (beginning
v/ith the calendar year 1951) all •
corporations, including farmer
cooperatives, allocating amounts
patronage dividends, refunds or
; -« - ppn^innad page 3
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