January, 1932 



THE I. A. A. RECORD 



Page Seventeen 



Champaign Service Co. 

 v^ Aids Membership Drive 



TRUCK salesmen of the Champaign 

 County Service Company are cred- 

 ited with securing 25 new members for 

 the Champaign County Farm Bureau 

 this fall, ^'i;:' >■:'> ;:--;i''^^;:-^-.v:'-v^---^''.'-'- 



R. G. Stewart, manager of the com- 

 pany, believes that the employes of 

 Farm Bureau subsidiaries should pull 

 for the organization. When he drew 

 up plans for a contest among his sales- 

 men he allowed a number of points for 

 each new Farm Bureau membership ob- 

 tained. 



The fact that more than 90 per cent 

 of the 1,346 Farm Bureau members in 

 the county are customers of the Ser- 

 vice Company indicates that it has the 

 whole-hearted support of the member- 

 ship. 



In addition to the new Farm Bureau 

 members, 293 new customers were se- 

 cured during the contest, and future 

 orders were signed for lubricating oils, 

 totaling approximately 25,000 gallons. 

 Some 1,23 5 patrons of the company are 

 non-members. • - ■ ■ 



The annual meeting was held at 

 Urbana December 16, at which time a 

 7 per cent dividend was paid on pre- 

 ferred stock and a 10 per cent patron- 

 age dividend to Farm Bureau members. 

 Another 5 per cent patronage refund 

 has been declared for payment later. 

 The 10 per cent patronage refund, go- 

 ing to 725 members, totaled $8,231.44. 



DeWitt Service Co. 



Pays 15% Dividends 



Walker H. Thorpe, manager of the 

 DeWitt County Service Company, re- 

 ports that the Company, voted a 1 5 per 

 cent patronage reifund for the fiical 

 year which closed recently. Ten per 

 cent was paid in December and the re- 

 mainder will be paid early in 1932. A 

 7 per cent dividend was declared on all 

 preferred stock. During the year the 

 company handled $57,753.18 worth of 

 petroleum products, weed killer, ma- 

 chinery, and automobile tires. About 

 75 per cent of the total was sold to 

 Farm Bureau members. 



Thirty-one service companies in the 

 state have purchased 1151 Brunswick 

 tires and 999 inner tubes during the 

 last four months through the Illinois 

 Farm Supply Company. 



The 1931 corn crop was estimated 

 on December 1 at 2,674,369,000 bu- 

 shels as compared with 2,093,5 52,000 

 bushels produced last year. The five- 

 year average, 1925-1929, was 2,760,- 

 753,000. :: .. : . ' --^ 



This bulk storagre plant at Paloma i«i one of the three o^vned by the 



Adams Service Company. 



Fulton County Members 

 ■ v^ Profit by Co-Operation 



FULTON Service Company closed 

 its second fiscal year October 31 

 with a very substantial increase in busi- 

 ness for the period. At the annual 

 meeting of the company, held in Can- 

 ton on December 4, Manager R. A. 

 Garber reported an average monthly 

 gain of 109% in gasoline sales, 78% 

 in kerosene, 116% in lubricating oils, 

 and 110% in grease in comparison to 

 the corresponding months of the pre- 

 vious year. 



Harry L. Leeper, president of the 

 company, announced that a tot^ of 

 $9,572.36 in dividends and patronage 

 refunds will be paid. This will include 

 7% on preferred stock and a 15% pat- 

 ronage refund to Farm Bureau members 

 in good standing. In addition the pa- 

 trons got higher quality petroleum 

 products than they could buy at com- 

 parable prices elsewhere. 



Thirteen Farm Bureau members re- 

 ceived over $50 each, some eighty oth- 

 ers more than $25 each, and approxi- 

 mately 100 members received refunds 

 exceeding $15. Six hundred Farm Bu- 

 reau members participated in the dis- 

 tribution of earnings. The customers 

 of the company number 1,159. 



Rich-Law Service Co. ~ 

 " Pays Cash Dividends 



T' 



Kane County Service Co. 

 Pays $10,000 Dividends 



THE patronage refund paid to Farm 

 Bureau members bv Kane County 

 Service Company during its first eigh- 

 teen months' business has averaged ap- 

 proximately $800 per month. At the 

 annual meeting of the company, held in 

 St. Charles on December 10, Fred H. 

 Wilson, president, announced that the 

 patronage refund for the fiscal year end- 

 ing August 31, 1931, would exceed the 

 amount of the membership fund of 



^HE substantial dividend declared re- 

 -L cently by the Rich-Law Service 

 Company, operating in Richland and 

 Lawrence counties, has served t© give 

 farmers in those counties more confi- 

 dence in their ability to handle their 

 own business co-operatively, according 

 to Farm Adviser H. C. Whjeeler of Law- 

 rence county. 



The company paid 7 per cent on pre- 

 ferred stock and a patronage refund of 

 10 per cent, and declared another 5 per 

 cent patronage for payment later. 



"The members were not expecting 

 much of a refund," says Wheeler. 

 "Everywhere I go I meet the expres- 

 sion: 'I was surprised we could make a 

 refund at all due to conditions we have 

 had during the past year and this be- 

 ing our first year of business.' 



"There is another effect noticeable, y 

 It increases confidence in the ability of 

 farmers to handle their own business. 

 Some members are saying, 'If the oil 

 company did so well I see no reason 

 why certain hnes of produce market- 

 ing handled by a good board of directors 

 might not succeed.' 



"I only regret that a larger number 

 of Farm Bureau members did not avail 

 themselves of Service Company pur- 

 chasing." 



the Kane County Farm Bureau for th« 

 calendar year. 



Manager G. C. Warne stated that the 

 company has 781 customers, and patron- 

 age refund checks were written to 474 

 Farm Bureau member patrons. 



The regular 7% preferred stock divi- 

 dend and a 10% patronage refund have 

 been declared, payable at a later date. 

 These dividends will total over $10,- 

 000. 



