THE U.F. CO-OPERATIVE CO. 81 



in the next two years, which will be noted in due 

 course. 



In April, 1916, the United Farmers Co-opera- 

 tive Company affiliated with the Canadian 

 Council of Agriculture, the directors personally 

 guaranteeing the affiliation fee; and again the 

 question of propaganda received earnest atten- 

 tion. About this time certain difficulties 

 developed in the office which finally led to the 

 resignation of the General Manager on July 

 10th. Mr. C. W. Gurney, one of the directors, 

 was appointed Manager pro tern. In the fall 

 Mr. L. H. Blatchford was appointed Assistant 

 Manager. 



During the summer of 1916 the directors had 

 under consideration the changing of the system 

 of stock holding by clubs to that of stock 

 holding by individuals. Difficulties already 

 mentioned favored consideration of this matter. 

 It was also judged necessary to increase the 

 capital stock, and it was thought that more 

 stock could be got if it was subscribed by 

 individuals than if it was subscribed by local 

 organizations, particularly since the latter did 

 not often take more than one share. As yet 

 most of the stock holding was by clubs: witness 

 the fact that as late as January 17th, 1917, 

 allotment was made to fourteen clubs and eight 

 individuals. 



