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Kendall Farmers Oil Company held a joint 

 annual meeting with the Farm Bureau dur- 

 ing the holidays. Substantial dividends were 

 declared payable to member patrons at a 

 later date. C. H. Becker represented Illi- 

 nois Fjirm Supply Company. 



Some 750 people attended Woodford Coun- 

 ty Service Company's annual meeting. Fred 

 E. Hemdon, president of Illinois Farm Sup-;^ 

 ply, addressed the stockholders. Dividends 

 distributed totaled $15,356 on the past year's 

 business. The rate of patronage was 12 per 

 cent on all sales except distillate, which 

 was reduced to 8 per cent. -, ..: . 



Henderson Service Company closed its first 

 full year of operation on October 31 with a 

 good showing. The aiuiual meeting was 

 held on December 14. Fred E. Herndon was 

 the speaker. Approximately $5,000 was distrib- 

 uted in preferred stock and patronage divi- 

 dends. 



The third annual meeting of Vermilion 

 Service Company was held in connection 

 with the annual meeting of the Farm Bu- 

 reau. C. H. Becker was one of the speakers. 

 Approximately $9,000 will be returned to 

 preferred stockholders and Farm Bureau 

 member patrons. 



Jersey County Farm Supply Company 

 holds the record up to date for the highest 

 average dividend per Farm Bureau member 

 on 1935 business. Dividend checks number- 

 ing 526 were distributed at the annual meet- 

 ing on January 10, totaling $17,325.99, or an 

 average of $32.93. In less than seven full 

 years of operation the company has paid 

 $86,000 to preferred and common stockhold- 

 ers, or more than eleven times the amount 

 of capital stock. 



Ninety-two per cent of the Farm Bureau 

 members in Lee county received patronage 

 dividend checks from Lee County Service 

 Company on the past year's business. More 

 than 500 people attended the seventh an- 

 nual meeting, held in Amboy, January 7th. 

 Fred E. Herndon was the speaker. The 

 rate of patronage dividend announced by 

 Manager Whitebread was 12 per cent on 

 rural sales, excludng d'stillate on which a 

 7 per cent rate was paid, and 11 per cent 

 on service station and dealer sales. 



St. Clair Service Company closed another 

 5uccessful year. The annual meeting was 

 held at Belleville, December 21st. Talmage 

 DeFrees, vice-president of Illinois Agricul- 

 tural Association, and C. H. Becker were 

 the speakers. More than $23,000 was dis- 

 tributed in patronage dividends, represent- 

 ing IS per cent on all rural sales, excluding 

 dstillate and third grade gasoline on which 

 a seven per cent rate was paid, and 10 per 

 cent on service station and dealer sales. 



Fred E. Hemdon spoke at the fifth an- 

 nual meeting of Champaign County Service 

 Company. Some five hundred people were 

 in attendance. Preferred stock dividends to- 

 taled $1,405.25 and patronage dividends $35,- 

 416.76. Manager Russell Stewart announced 



BOARD OF DIRECTORS PEORIA COUNTY SERVICE CO. 

 Left to right: Joseph Kuntz, William Cameron, Trees.; Charles Hallar, Sec'y.; C. R. Ford, 

 Vice-President; T. H. Wesson, President; John Morris, Charles Ganwiti; Fred Pollock, Manager. 



"Members were pleased at the distribution of $17,443.22 in patronage 

 dividends." 



that the distribution of earnings was made 

 on the basis of 15 per cent patronage on 

 rural sales and 7 per cent on service station 

 sales. Patronage dividend checks averaged 

 $22.62 per Farm Bureau member. 



The annual meetings of the DeWitt Coun- 

 ty Farm Bureau and the Service Company 

 were held jointly on December 19. 1935. O. D. 

 Brissenden of the lAA and Fred E. Herndon 

 were speakers. Preferred stock and patron- 

 age dividends totaled $12,037.84. The prin- 

 cipal patronage declared was 15 per cent 

 on rural sales of Magic Aladdin gasoline, 

 kerosene, lubricating oils, and grease, 12 per 

 cent on third grade gasoline. 10 per cent 

 on distillates, and 10 per cent on service 

 station sales. About four hundred attended 

 the meeting. 



A little dialog entitled "Money Talks" was 

 a special feature of Twin County Service 

 Company's annual meeting, held at Mur- 

 physboro on January 7. President Sauer 

 and Manager Lanter brought most encourag- 

 ing reports to the stockholders. A large 

 increase in business the past year made 

 possible the best returns to Farm Bureau 

 patrons in history. Dividends totaled $3,810.- 

 57. W. B. Peterson, who spoke, brought back 

 the message that the directors are out for a 

 100 per cent increase in business next year. 



The seventh aimual meeting of Peoria 

 County Service Company was held at Brim- 

 field, on December 21. Cash dividends to- 

 taled $16,967.25. representing the annual pre- 

 ferred stock dividends and 12 per cent on 

 rural sales and 8 per cent on service sta- 

 tion sales. Fred Pollock, manager, stated 

 that the $99,490.80 returned by the service 

 company the past seven years was substan- 

 tially more than the Farm Bureau dues 

 during the same length of time. L. R. 

 Marchant, manager of Illinois Farm Supply 

 Company, spoke at the meeting. 



A Treasure Chest, carefully guarded by 

 two feminine legionaires was presented to 

 some 450 stockholders at Christian County 

 Farmers Supply Company's annual meeting 

 January 11. The chest contained $13,400.37 

 in patronage and preferred stock dividend 

 checks which were distributed at the close 



of the meeting. Manager Hunter reported 

 that 74.7 per cent of the Farm Bureau 

 members patronized the company the past 

 year, which represented 76.9 per cent of 

 the total business. W. B. Peterson was 

 the speaker. 



At the annual meeting of Rich-Law Serv- 

 ice Company, Lawrenceville, January 9, 

 President Neal announced that $51,252.52 in 

 cash dividends had been paid to Farm Bu- 

 reau members in Richland, Lawrence, and 

 Crawford counties the past five years. The 

 dividends on the past year's business totaled 

 $15,613.08. Manager Miles reported that the 

 patronage dividend was 14 per cent on rural 

 sales and 9 per cent on service station and 

 dealer business. W. B. Peterson was speaker. 



Greene County Service Company held its 

 fourth annual meeting on January 4 at 

 White Hall. Fred E. Herndon, and C. H. 

 Becker were speakers. Reports of officers 

 and the manager, C. W. Ballard, indicated 

 that the past year was the best in the his- 

 tory of the company from the standpoint 

 of sales and net income. Preferred stock 

 and patronage divdends totaled $8,874.19, and 

 the percentage of patronage dividends de- 

 clared ranged from llVz per cent to 10 per 

 cent. The average patronage dividend check 

 to Farm Bureau members was $22.20. 



Almost a thousand people attended the 

 aiinual meeting of Will-DuPage Service 

 Company at Joliet January 4. A prize was 

 offered to the truck salesman having the 

 largest number of customers in attendance. 

 L. R. Marchant was the speaker. Wm. 

 Webb, president, announced that due to a 

 change in the company's fiscal policy, closing 

 the annual report covered only nine months' 

 operations but that it reflected a larger 

 business than any previous twelve month 

 record. Patronage dividends totaling $26,- 

 104.99 were dstributed. These checks aver- 

 aged $22.20 per member. The rate of patron- 

 age was 15 per cent on all rural sales except 

 distillates on which the rate was 8 per 

 cent, and 10 per cent on service station nales. 

 Leslie P. Lewis, manager, reported sub- 

 stantial gains in sales of all lines of mer- 

 chandise, and announced that the new bulk 

 station at Gretna in DuPage county would 

 be open at an early date. 



24 



I. A. A. RECOHD 



