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Story
March 27, 1940
Midland Cooperator
Minneapolis, Hennepin County, Minnesota
What is this article about?
Fulda, Minn. cooperative oil company reports record earnings and large member refunds in its best year since 1926, with T. E. Ferris highlighting the 12% payout and praising cooperative publications.
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Fulda Members Find
Cooperation Really
Does Pay
Noticing in the COOPERATOR'S account of the Morris, Minn., Co-op's annual meeting that two members received patronage refund checks for $67.40 and $75.42, T. E. Ferris, secretary-treasurer and manager of the Fulda Cooperative Oil Co., Fulda, Minn., writes in to report some big refunds paid by that association. He mentions these: Ben Bruns, $100.68; Alex Beckman, $76.95; John Clark, $68.35; C. Follet, $130.42; Wm. Koehn, $85.87; Mrs. M. Ruesch, $80.30; C. Haverkamp, $98.40.
A 12% refund by the Fulda Co-op explains the large checks, Mr. Ferris points out.
In its last fiscal year the Fulda association had total sales of $68,098 and net earnings of $8,300. It was the co-op's best year since organization in 1926.
The co-op operates on a cash basis as far as possible with a 60 day limit on credit accounts.
"The MIDLAND COOPERATOR," concludes Mr. Ferris, "has many good articles and good food for thought for every association, boards of directors and membership."
Cooperation Really
Does Pay
Noticing in the COOPERATOR'S account of the Morris, Minn., Co-op's annual meeting that two members received patronage refund checks for $67.40 and $75.42, T. E. Ferris, secretary-treasurer and manager of the Fulda Cooperative Oil Co., Fulda, Minn., writes in to report some big refunds paid by that association. He mentions these: Ben Bruns, $100.68; Alex Beckman, $76.95; John Clark, $68.35; C. Follet, $130.42; Wm. Koehn, $85.87; Mrs. M. Ruesch, $80.30; C. Haverkamp, $98.40.
A 12% refund by the Fulda Co-op explains the large checks, Mr. Ferris points out.
In its last fiscal year the Fulda association had total sales of $68,098 and net earnings of $8,300. It was the co-op's best year since organization in 1926.
The co-op operates on a cash basis as far as possible with a 60 day limit on credit accounts.
"The MIDLAND COOPERATOR," concludes Mr. Ferris, "has many good articles and good food for thought for every association, boards of directors and membership."
What sub-type of article is it?
Historical Event
What themes does it cover?
Triumph
What keywords are associated?
Cooperative Refunds
Patronage Checks
Fulda Co Op
Business Success
Morris Minn Comparison
What entities or persons were involved?
T. E. Ferris
Ben Bruns
Alex Beckman
John Clark
C. Follet
Wm. Koehn
Mrs. M. Ruesch
C. Haverkamp
Where did it happen?
Fulda, Minn.
Story Details
Key Persons
T. E. Ferris
Ben Bruns
Alex Beckman
John Clark
C. Follet
Wm. Koehn
Mrs. M. Ruesch
C. Haverkamp
Location
Fulda, Minn.
Event Date
Last Fiscal Year, Since Organization In 1926
Story Details
Fulda Cooperative Oil Co. paid large patronage refunds including $100.68 to Ben Bruns and $130.42 to C. Follet, with a 12% refund rate. It had total sales of $68,098 and net earnings of $8,300, its best year since 1926. Operates on cash basis with 60-day credit limit. T. E. Ferris praises the MIDLAND COOPERATOR.