13 



he is supposed in ten days, or at least inside a month, to pay 

 that bill. 



MR. MUNSON : After they get the goods ? 



MR. CLARKE : Oh, yes, after they get the goods. We 

 have enough in our capital stock ; and last year we had quite 

 a little profit, and turned that into the bank and had that 

 surplus there instead of dividing it up among the growers, 

 so that by using that surplus at the bank it was made very 

 convenient. We also borrow on a note, and that helps us 

 along. All these ears come with sight draft on the bill of 

 lading. 



MR. MUNSON: Do you experience any difficulty in that 

 respect with your members ? 



MR. CLARKE : We have a little, yes, but not so very 

 much. On the whole, it doesn't take very much jacking up. 

 This year we are taking the entire output of a quart-cup 

 factory, and since it is a poor year, when members buy cups, 

 after we receive a list of their fruit packages, we are allow- 

 ing the members to send in their notes, properly endorsed, 

 drawn in favor of the Hudson River Fruit Exchange, pay- 

 able in four months with the privilege of renewal in four 

 months. Of course, that is just as good as cash, because it 

 is put in the bank for collection.. 



]\IR. MUNSON: Well, don't you consider your com. 

 munity a rather remarkable community in that respect ? 



MR. CLARKE: No, I don't. Far from it. 



MR. MUNSON: I should. 



]MR. CLARKE : It, of course, depends a great deal on 

 the spirit of the thing, but I don't believe we have any more 

 trouble collecting our bills than the average merchant does, 

 and they seem to collect most of them after all. 



DR. WHITTIER : I would like to ask the speaker 

 whether their ambition is to act as a local unit, or eventually 

 to act as a marketing organization for different local units 

 organized in the state. 



MR. CLARKE : We are entirely to act as a local unit, — 

 entirely. We are not to act for the rest of the state, or any 



