CREAMERY BUTTER MAKING 215 



8. After the creamery is paid for, there should be 

 an annual dividend declared to the shareholders as inter- 

 est on their investment. 



9. A sufficient sinking fund must be maintained to 

 cover the annual dividend and the running expenses, by 

 charging from two to three cents for every pound of 

 butter fat delivered. 



Management of Cooperative Creameries. Too fre- 

 quently the management of co-operative creameries is 

 placed in the hands of persons who know little or nothing 

 about creamery matters. Perhaps more co-operative 

 creamery failures can be traced to this cause than to any 

 other. 



The stockholders of co-operative creameries should 

 select a manager and managing board who are familiar 

 with the details of the business they are going to manage. 

 Advice should freely be sought from the butter maker 

 who in most cases is the best posted man to govern the 

 affairs of the creamery. 



2. Cooperation of Butter maker and Patron. The 

 relationship of butter maker and patron should be one of 

 mutual interest a business relationship. Butter making 

 is a business and, as such, should be governed by business 

 principles. 



The butter maker, then, besides being able to make a 

 fine quality of butter, must be a business man, dealing as 

 he does with farmers, bankers, merchants, mechanics, and 

 others. He must be honest, tactful, and full of enterprise. 



Too frequently self-interest figures too conspicuously in 

 the management of creamery affairs. This can not help 

 but result, sooner or later, in the ruination of the business. 



The butter maker has, and must have, certain rights 

 which, if rightly asserted, can not help but be productive 



F THE 



UNIVERSITY! 



