j triluy by the . r banuska
.'■ih o'/ .'rvr/or * 3 Coopers ting
k .so.\j ;L.^n ct Palmer, /'la ska
• • ipc L^n re to
fy ' iJ :
! .-.lied anywhere'
Thi.e paper is issued for the pnr
poso of riving inf orttiation and ncv;s
of the Vatanuska Valley Partner’s
Cooper f. t ing Association’s work,
pr oD/.o-nc, ■■ ccomplishmonts, also
news of local and general interest;
end t< foster the Cooperative
spirit of the farmers of the
Ik t ..nusl:a Valley.
AM PLOQUPVT INDICTIVCNT
(C-r a n ~ o Cooperative ; s : s)
would be aghast if the store
I'.r.n's per rorchcd into the cash dr
ew r and said, ’Take what you v;r nt
of other people’s mono:/, but try
to briny it back in 30 days’.
Yet t-is is exactly w>y t happens
cv.r- time i consumer asks for
credit, for the goods ho takes out
represent money other people have
paid in.
"You wouldn't expect to get gro
ceries it the bank, so why credit
ct the grocery? The store manager
should net bo called on to discrim
inate in c. field in vial eh ho has no
special training. And it's not f:i
to the cash customers to ha vo to
pry for inevitable 103003 und..r a
’double-standard' of trade morris.
"The Swedish co-operativos in 1919
broke the back of a, credit trend
-hr t was racing ahor d of invested
capital. Average member invest
ment was Jl3 and indebtedness ;.20. '
.Tight years later, indebtedness
was .6, and investment y49, pro
viding resources for achievements
which have become the wonder of
the world.
(Continued on top of pace)
[’■'Credit cror.tos rn illusion of
[ urchc.sing power until the bubble
imirot3-- leaving i groc.sy scum of
•debt. Instrument credit by 1937
Ky.i T-1 -d th ; i.mount before the panic
of 1H9 end we s for longer duration.,
j. .And nov;, one-third of r.ll rctr.il
1 os re for credit 1
j
{’’Louis XVI so id, ’Credit supports
fthe borrower c s r. rope supports the
h. ngod. ’ hhion others stick their
nedks out-Co-ops, stry elerr of
.the noose I "--From e.n :d of the Ec.st
prn Co-operative Vholosr.lo .--Co-op
guilder .
DISTRICT C TO LTDT
district 6 will hold a uoctinc at
the Sr.rl Hoc her hone on Uodnosday
Juno 5th.
'rs. B. B. Grrlu' r.i and two children
loft Nondr.y for an extended visit
utsidc. The:/ pirn to visit
: round Seattle end Portland.
die ’ one ns ' Auxiliary of the
Corporative will hold its regular
■icetiny on :Condoy Juno 3rd.
"rs» Loren hcl’cchnio left last wecl:
?ith the lr.r ;o yroup of outdoors •
ihc plans to visit California r.nd
innesotn while yono.
NOTICE
i
) i s_t r i c t 5 will hold r. nee tiny on
Me3dr.y Juno 4th at the Honnlny
5cr:son hone.
I
i