July 21, 1959.
Pc-lnor, Alaska,
No. 33
FARMERS tUTAiTILOUS 3lTPi ORT
CO-OP
La.pt Saturday evening narked
the most enjoyr' le meeting of
the Board of Directors mcl member a
of the liatanuslca Cooperative yet
hold in this valley. Approxi
mately four-hundred ■ jo] le were
present, who were :..ostl, adult'
members. Very few children were
present.
There were several reasons Tor the
congenial attitude. hirst, the
celebration of the official trans
fer of three important urits to
the actual management and opera
tion of the Pamcrs Cooperative.
Second, the desire to hear the
ports of the Co-op Borrd of
Directors and Coop Manager, hr.
L.C.Stock.
After the reports were given, an
expression of the people was given
by vote which showed that they
were ready to support the'Coopera
tive administration 100 %»
The ARRC as a Government relief
agency is no longer needed nor
desired. Its- exsi stance has serv
ed a purpose, that cf making this
project possible and helping to
establish a Farmer's Cooperative.
But the time has come when the
Coop must funetion as a business
along Coop lines and laws or this
project can rightfully be marked
as a failure,
Mr*L.C.Stock, has eighteen years cf
successful cooperative administrs
tion experience behind him. The
Valley is very fortunate to obtain ■
his services end the members are
not backward in expressing th&ir
appreciation and faith.
Soldon can be found the united
feeling end spirit of so large
a body of people nnong the mem
bership of any organization.
The members of the Matanuuka
Valley Cooperative have pride and
faith in thier Co-op and its
administration and wants the
world to know it.
The people of the Matanuska
Valley have'unjustly judged and
been judged. Circumstances have
involved each individual case,
but events of the past week have
crystalizcd our plans for the
future and ^iven us a more ration
al picture of the past.
Following is Ilr.L.C,Stock's re
port given at the last semi
annual meeting, and which gives r.
true picture of the MVFCA setup
supported by its members,
CO-OP MANAGERS REPORT
It has boon rather difficult to
prepare this report fcf your
Association for you, covering the
time I have been hero, • Ordinanily
a managers report covers the busin
ess activities of the organization
which include a financial report
with a complete break down and
analysis of the profit and loss
statements and an explanation of
the operating procedure,
T was rather surprised after
spending some time investigating
the past activities of your coop
erative that altho it was started
some three years ago the organiza
tion had never functioned as' a
cooperative,
I stated in my report to thcBoard
see page 2