238 



THE BEE-KEEPERS' REVIEW 



thousand dollars, divided into shares 

 of five dollars each, an amount so 

 small that ever}- bee-keeper can afford 

 at least one share. Bee-keepers are 

 especially asked to become members, 

 though others may participate, if suf- 

 ficient stock is not sold to members to 

 adequately finance the corporation. 



The headquarters of the corporation 

 are at Idaho Falls, Idaho, where a 

 warehouse will be established as soon 

 as possible. Local secretaries will be 

 chosen at various points to facilitate 

 the distribution of supplies and the seg- 

 regation and grading of honey. 



WHY WE ORGANIZED. 



Up to the present time the producers 

 have been bidding, one against another, 

 in the sale of their product, until prices 

 locally have been demoralized. The 

 establishment of a just and uniform 

 price is one object to be accomplished. 



GR.'\DING. 



Furthermore, the buyer of honey, in 

 ordering from individual producers, was 

 never sure of getting what he ordered 

 with regard to grade, and a lower price 

 was necessarily offered in order to 

 make good the risk of receiving goods 

 not up to the standard rules of grading. 

 Grading rules fair to both producer and 

 buyer will be established, and all honey 

 graded, packed and shipped under the 

 direction of the association. The ex- 

 perience of the Colorado association 

 demonstrates that no co-operative asso- 

 ciation can succeed unless uniform 

 packages and close grading are adopted. 

 In addition, the adoption of this policy 

 will give to our product the wide- 

 spread and enviable reputation it de- 

 serves. It will enable us to secure top 

 prices because our customers will know 

 that they get, without inspection, what 

 they order, shipped in a proper wa}'. 

 Furthermore, they will know that they 

 are dealing with a firm that has a first- 

 class commercial rating. 



BEE SUPPLIES. 



The association will buy supplies for 

 its members, in car load lots, thus re- 

 ceiving the jobber's rate of about twen- 

 ty-five per cent below catalog prices. It 

 will be the aim of the association to 

 carry a stock of supplies as soon as 

 finances permit, and a warehouse can 

 be secured. 



BEE DISEASE. 



The association also pledges itself and 

 its members to use all reasonable meas- 



ures in looking to the eradication of 

 disease. The individual members are 

 obligated to respect the rights of others 

 with regard to range, and the associa- 

 tion as a whole will do all in its power 

 to prevent the crowding in of bees 

 upon territory already occupied. 



PRICE OF STOCK. 



The price of stock is five dollars per 

 share, which draws a guaranteed divi- 

 dend of eight per cent. This guarantee 

 makes the stock a desirable investment 

 and promises to provide the funds nec- 

 essary. The holder of one share of 

 stock is entitled to vote at all meetings 

 of the corporation. Holders of more 

 than one share have only one vote. 

 Hence the association can never drift 

 into the hands of the financially pow- 

 erful, but must remain under the con- 

 trol of bee-keepers as a whole. 



DIVIDENDS AND REBATES. 



Article ten of the by-laws provides 

 that all surplus shall be divided among 

 members as follows : After all expenses 

 have been paid, all issued stock shall 

 receive a dividend of eight per cent. 

 All surplus remaining thereafter shall 

 be rebated to stockholders in propor- 

 tion to the amount of commission paid 

 by them during the year. 



COST OF SELLING. 



The association charges ten per cent 

 commission on all sales, whether made 

 by the producer or the association. The 

 Colorado association has found that 

 about two per cent pays all expenses 

 and the balance of eight per cent is re- 

 turned to the producer at the end of 

 the business period. Not taking into 

 account the worry and the loss from 

 possible bad accounts, we are justified 

 in assuming that no producer can mar- 

 ket his crop as cheaply. 



HOW SALES ARE MADE. 



The secretary has in his office in- 

 formation as to prices from all parts of 

 the United States. Honey will gener- 

 ally be shipped with sight draft at- 

 tached to bill of lading and only to 

 responsible firms. 



HOW TO BECOME A MEMBER. 



Send remittance to the secretary for 

 the number of shares you wish (five 

 dollars a share) and you will receive 

 a certificate of stock and voucher at- 

 tached. Sign the voucher and return 

 to the secretary. 



