Thank you for visiting SNEWPapers!
Sign up free
Story
March 27, 1940
Midland Cooperator
Minneapolis, Hennepin County, Minnesota
What is this article about?
Co-op Stores, Inc. in Montevideo, Minn., held annual meeting on March 19 with nearly 200 attendees; reported 12.37% earnings in first four months, 4% stock interest paid, new board elected, meal served.
Clipping
OCR Quality
98%
Excellent
Full Text
Montevideo Members
Earn Over 12% On
Their Investment
Nearly 200 members and patrons of Co-op Stores, Inc., of Montevideo, Minn., attended the annual meeting March 19 and heard reports of the association's excellent progress. Earnings for the year were paid in stock after proper reserves had been set aside. Four percent interest was paid on stock.
It was pointed out that the store, in its first four months of operation, earned 12.37% on the capital investment of its member-owners, and on the basis of a year, 37.11%. The members were urged to supply all the capital necessary to make the co-op independent financially of any outside agency.
Speakers included C. D. Clipfell, Midland director from District II, Glenn Thompson, Midland educational director, C. I. Cook, manager of the wholesale grocery department, and Sam Boyle of American Farmers.
The following board was elected:
E. L. Smith, president; E. R. Svor, vice president; E. J. Jorgenson, secretary; Axel Mattson, treasurer; Joseph S. Jones, Louise Gippe and George Cordingly.
A fine meal was served by these women: Mrs. Henry C. Wolfe, Mrs. Axel Mattson, Mrs. George Cordingly, Mrs. E. J. Jorgenson, Mrs. Cliff Stenson, Mrs. E. R. Svor, Mrs. Harry Browning, Mrs. August Kuehn and Mrs. E. L. Smith.
Earn Over 12% On
Their Investment
Nearly 200 members and patrons of Co-op Stores, Inc., of Montevideo, Minn., attended the annual meeting March 19 and heard reports of the association's excellent progress. Earnings for the year were paid in stock after proper reserves had been set aside. Four percent interest was paid on stock.
It was pointed out that the store, in its first four months of operation, earned 12.37% on the capital investment of its member-owners, and on the basis of a year, 37.11%. The members were urged to supply all the capital necessary to make the co-op independent financially of any outside agency.
Speakers included C. D. Clipfell, Midland director from District II, Glenn Thompson, Midland educational director, C. I. Cook, manager of the wholesale grocery department, and Sam Boyle of American Farmers.
The following board was elected:
E. L. Smith, president; E. R. Svor, vice president; E. J. Jorgenson, secretary; Axel Mattson, treasurer; Joseph S. Jones, Louise Gippe and George Cordingly.
A fine meal was served by these women: Mrs. Henry C. Wolfe, Mrs. Axel Mattson, Mrs. George Cordingly, Mrs. E. J. Jorgenson, Mrs. Cliff Stenson, Mrs. E. R. Svor, Mrs. Harry Browning, Mrs. August Kuehn and Mrs. E. L. Smith.
What sub-type of article is it?
Historical Event
What themes does it cover?
Triumph
What keywords are associated?
Co Op Stores
Annual Meeting
Earnings
Board Election
Montevideo Minn
What entities or persons were involved?
C. D. Clipfell
Glenn Thompson
C. I. Cook
Sam Boyle
E. L. Smith
E. R. Svor
E. J. Jorgenson
Axel Mattson
Joseph S. Jones
Louise Gippe
George Cordingly
Mrs. Henry C. Wolfe
Mrs. Axel Mattson
Mrs. George Cordingly
Mrs. E. J. Jorgenson
Mrs. Cliff Stenson
Mrs. E. R. Svor
Mrs. Harry Browning
Mrs. August Kuehn
Mrs. E. L. Smith
Where did it happen?
Montevideo, Minn.
Story Details
Key Persons
C. D. Clipfell
Glenn Thompson
C. I. Cook
Sam Boyle
E. L. Smith
E. R. Svor
E. J. Jorgenson
Axel Mattson
Joseph S. Jones
Louise Gippe
George Cordingly
Mrs. Henry C. Wolfe
Mrs. Axel Mattson
Mrs. George Cordingly
Mrs. E. J. Jorgenson
Mrs. Cliff Stenson
Mrs. E. R. Svor
Mrs. Harry Browning
Mrs. August Kuehn
Mrs. E. L. Smith
Location
Montevideo, Minn.
Event Date
March 19
Story Details
Nearly 200 members attended the annual meeting of Co-op Stores, Inc., heard reports of excellent progress with 12.37% earnings in first four months, paid 4% interest on stock, urged to provide capital for independence, speakers addressed, new board elected, meal served by women.