SELLING AGENCIES 175 







stock company; that is, stock certificate, either common 

 or preferred, is subscribed among the organizers and the 

 business is then conducted upon dividend-paying basis, 

 the surplus being returned to the shareholders. 



To form an organization of this kind, it would be 

 necessary for the promoters to go through the fruit- 

 growing sections and get growers to subscribe for certain 

 amounts of stock. This may be varied from $1 up to 

 $10 or even $50 a share. Stockholders would then be- 

 come voters in the organization and be responsible for 

 the management of the same. Often, stock is subscribed 

 but only a portion of it paid in, the rest being gradually 

 paid up in the diape of dividends through succeeding 

 years. 



The producers must subscribe money before it can be 

 started. It is necessary for them to contribute sufficient 

 sums to get the organization under way, and then they 

 must take chances upon possible returns. Most of the 

 fruit-growing class are more or less skeptical in regard to 

 these organizations and are slow to put up money to 

 properly get them into working condition. Many of these 

 organizations have been failures simply from the fact 

 that a sufficient number of shares get into the hands 

 of more or less unscrupulous men to control the voting 

 powers of the organization, and they then can play into 

 the hands of their competitors and in that way the or- 

 ganization is blocked, hence cannot fulfill its purpose. 



The non-profit sharing organizations are the ones which 

 are now being operated throughout the United States 

 and the ones which, with a few exceptions, have made the 

 greatest success. These do not call for the subscription 

 of money among the growers, or for the issue of stock, 



