ILLINOIS STATE DAIRYMEN S ASSOCIATION. 
43 
his proportion of the shower. Yes, dairying to succeed is 
t° dair y persistently, to dairy intelligently and three hun¬ 
dred and sixty-five days in a year, and one day more in 
leap-years, and to dairy as a special business. 
W. W. Bingiiam : Said the question had been dis¬ 
cussed in a little different light from what he had thought. 
Me believed no business should be followed, if not followed 
thoroughly. The question was, Is it going to be profitable 
if followed the next few years ? He thought the experience 
of the past few years had taught us a lesson. The business 
was but iir its infancy. Many were classed as dairymen who 
were nothing but milk-producers, who did not profess to 
know how to make butter and cheese. These, of course, 
followed the co-operative plan. The profits to be derived 
from any business are from what you have above cost of 
production. He thought the dividend plan of making but- 
tci and cheese had a tendency to decrease prices. He 
thought if this plan was followed out it would always glut 
the markets as it had in the past. This glutting had a ten¬ 
dency to diminish prices. It was putting the profits of 
the business into another’s pocket. Thought in a few 
years this business would get down to where the dairymen 
would cither sell their milk outright, or make it up them¬ 
selves, and learn to sell it out and out and not put it into 
the hands of commission merchants. He thought if we 
would do away with this dividend system of making up 
our products, our profits would be increased, because of the 
quality made, and less of it. We could judge of the future 
only by the past, and he thought he could say, without 
being successfully contradicted, that those who have been 
getting rid of their milk by the dividend plan hadn’t made 
a cent in the past few years. The dividends had been down 
40 forty and fifty cents, which didn’t pay expenses. He 
