12 



I have now told you at some length of the main activities of 

 our. association. There are a good many interesting stories con- 

 nected with its life that I would enjoy telling you if time would 

 allow. It is sometimes said that success is made up of failures. 

 In our six seasons of activity, all has not been easy sailing. 

 Mistakes have been made, but they have not been serious 

 mistakes, or, at least, we have discovered them in time to 

 correct them. 



In closing I will say that I attribute what success we have 

 had to four things. 



First. — We have had leadership, not of a few, but of many, 

 as manifested in the true spirit of co-operation. 



Second. — We have always employed a good system of 

 accounting. 



Third. — The board of directors and the manager have 

 always been businesslike in their methods. 



Fourth. — All-important, square dealing has formed the 

 cornerstone of all our business. 



