The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

AWN OBSERVER, DRYDEN, - ONTARIO. i i Oxdrift Co=operative | Annual Meeting SPECIAL CORRESPONDENCE The Annual Meeting of the Share- 'holders was held 'on Thursday, April 26th, in the Community Hall, Oxdrift. | Owing to adverse weather conditions and the badl state of the roads, very few of the Dryden shareholders were able to be present. The president Mr F. T. Brignall, who had gone to Tor-. onto with, a car of cattle, broke all records in his eagerness to be back for the meeting, and everyone was pleased to see him ready and willing as get} to preside over the assembly. doo 4 After disposing of the minutes of the previous general meetings, the auditors - Messrs T. B. Wall and H. Pateman, were called upon to present their report. They stated that 'they had gone through the books and found them in order, and that the balance sheet as presented by the Treasurer to the Shareholders, was correct in all details. They stated that no balance sheet for the stores had been present- ed, and advised calling in expert accountants to go over the books of the Company kept in the two stores. After accepting the auditors' report the secretary was called upon to uc- count for the year's work. He at once plunged into details concerning the balance sheet placed in the hands of every shareholder, and gave an account of all the receipts and expen- ditures for the two years. He then turned to the deal with Pronger Bros. for taking over that business in Dry- den; refuted the stories that were cir- culated concerning the departure of the Oxdrift manager, Mr Scott; dealt E=1 "all the "with the Brill fiasco, and then went on to show from figures for the three months of the present year how, unier the present management the business was beginning to climb on its feet, and that with the active co-operation of all who were interested in the move- ment, success was assured. At this juncture, Mr Jas. Caven | wag called upon for a few words, be-! fore he left to cateh the train back to Dryden. He thanked the share-' holders for their appreciation of his efforts, assured them it was no picniz he had on his hands, but that with combined efforts there was no need to, be downhearted as to ultimate results. Mr Albert Locke, accountant, also] was called upon for a few words, and | he had much pleasure in backing vp statements that Mr Caven had made. ts After these two had left, the sec- retary resumed his report. He drew attention to the list of sharholders printed on the back of the statement, and pointed out that among the Dry- den shareholders there was only a small peycentage of wage-earners. Labour and Farmers are affiliatéd in the same cause for better government and better economic conditions, and here was a case where the opportunity was geod for the working man to co- operate for his own advantage. A suggestion was made at this juncture that possibly if the terms of subscrip- tion were slightly altered to meet the working man's conditions, a consider- able number might be induced to be- come subscribers. This was left over to be considered by the Board of Dir- ectors. After making a plea for affil- iation to the Co-operative Union of Canada, the secretary concluded his address with 'the following description \ Continental Red Seal Motor. \/ Timken Bearings. Timken Axles, froat and rear. Spicer Universal Jeints. Selective Sliding Gear Transmission STAR FEATURES Single Plate Disc Clutch. Half-elliptic Spring Underslung. Backbone (patd.) Stewart Vacuum Gasoline Feed with 11, gallon tank at rear. Durant Tubular A STAR i 4 Cash Price ) Touring Car ...... .. $ 735.00 \ Toadsten:. 5 "lel 691.00 bs Coupe hans ois dhivns 995.00 ¢ rh ST he Te 1095.00 PRICES Cash Down Monthly $245.00 $46.17 230.33 C4397 331.67 01.70 365.00 67.83 : Star Special--Prices not annCunced Orders must be booked now if you want your "Star" early of the first England: The birthplace of co-operation was. Rochdale in Lancashire, England, where on December 21st 1844, twenty- eight members met to discuss plans for their own and other people's ad- | vancement. They were only. .poor weavers, but they laid the foundation of a world-wide movement. They "rented a store for $50.00 per year, 'equipped it with $70.00 worth of fxs tures, and laid m a stock of nierchan- dise, consisting of flour, butter ral and oatmea! to the value of §7 To coliect subscriptions, three mem- i bers were d2tailed to make the ound jof the subscribers, weekly collecting from each the sum of four cents, and in doing so travelling a distance of 'something like twenty miles. Seventy-five years later this same society had increased to 28,601 mem- 'bers, had a capital of two and a half million dollars did a trade of $3,011, 070.00 and made a profit of $506,735. These first co-operators did not rely upon governments for bettering their conditions. They depended, as every genuine co-operative democracy must depend, upon their otvn self-help for success. They expected no advantage, they -were not willing and eager to give to others and all were prepared to make great personal sacrifices. 'They imposed it as a condition that capital should only have interest for co-operative store in for their labour according to its value, and that profits should be divided in proportion to the extent to which each individual had contributed by his pur- chases. To illustrate these principles, last year Guelph Co-operative Com- pany ade a net profit on capital of 115 p.c., but capital only took 5 p.c or 'with the its own use, that men should be paid] one twenty third part of the total.The remaider went in' proportion to pur- 'chases, or in other words the members largest families being . the greatest purchasers, and consequently possessed of the least capital, would get the greater cash returns; the one with the small family, other conditions being equal, having most money at his command would get the lesser advan- tage." An organization which divides profit in proportion to capital is not co-operative. A man has a right to gar |a reasonable vent for the use of his 0. money, and to have it protected against impairment in the same way a man has the right to ask for rent for the use of his house or his land, and its quality to be maintained, but he has no right in equity to tax the produce of the labours of his neigh- bours simply because he happens to possess capital the other does not en- joy. In Great Britain last year were 2,585,293 co-operators, nearly all heads of families. - Allowing an average of five per family, this gives a co-oper- ative population of nearly thirteen millions or one in every four of the population. Further, the financial credit of the British working men co- operators stands higher in the money market than any of the Canadian fin- ancial magnets. It was in a position to lend millions at a normal rate of interest a few -years ago when cap- italist industries could not get money at any price. kok ok x The auditors T. B. Wall and H. Pate- man were re-elected for another term, and the election of the following dir- ectors brought the business to a close: Messrs F. T. Brignall, W W Howell, Jos Tuckey, Con Snider, T H Lewis, Jas Hatch, W D Dickson and C Pilkey. . The creation of the Star briltiant accomplishment of any individual identified with the automobile industry since its inception. Smartness in looks and thoroughness and modern design a low priced car was unheard of until the Star was created 4 Ww. C. Durant, the pioneer builder of automobiles, who was identified with the introduction and success of the Cadillac, Oldsmobile, Chevrolet, Durant, Flint and Princeton { Buick, Cars. Don't form any opinion on the Star until you have cidden | The springs tell the tale, inn one. competitor. The first Star made. oo SELF'S sold in Fort William went 153 miles on exactly five gallons of gas, and other better records have been }# rete Car is the most important and fg ~~ { GARAGE MACHIN & TEASDALE.Z | KENORA i Golden Sar Lod: | AF / month al eight o'clock. | Visine Brethren Cordially Invited. 4 L. O. L. DRYDEN LODGE No. 1694 i of each' month, at eight p.m, ; dially invited. The 32 principal parts of a Star may be purchased for J $124.00 less than the same parts of the néxt highest priced § i i : Ji THE ROYAL See the beautiful new Durant Sport Model in our show rooms | - at H- C. i The Old Massey-Harris Stand ISK FHARROWS MecCormick-Deering Disks can be had either IN-THROW, OUT-THROW or TANDEM 16-inch disks, 6, 8, 10, or 14 feet wide, for use-with team, small tractor or 1 arge tractor. Plows Little Genius P&O tractor plews, 2 or 8 furrows 12 or 14 inch, P&O Brush Breakers 14, 16 and 20 inch, with or without truck and tractor hitch. Hamilton, Oliver or P&O sulkey or walking ploughs, all sizes. We also handle the famous Fleury Plows made in Aurora If in need of a Tractor, Wagon, Plow, Disk Harrow, Seed Drill, Soong Harrow, Harrow Cart or anything in the line of Farm Machirery, get our literature and prices before placing your order. We guarantee satisfaction Sold me 4. 8. CORNER, Ox drift, Ont. Agent ¢ INTELL ATION AL HARVESTER COMPANY of Canada, Ltd. | Time Saved | Money Saved | BEE SUPPLIES Send us a list of your wants and we will quote prices that will save yo u money We sell the famous Lewis Beeware; also Dadant's Wired Comb Found ation [PSG SS STEWART & CURTIS BOX 121 Dryden Ontar re Deliciotis: Bread FOR EVERY OCCASION Quality goes into every Loaf SWEET AND NUTRIOUS Put one on your table at every meal MADE WITH GREATEST CARE DRYDEN BAKERY G. Hi. DAL Proprietor 'The Barristers, Solicitors, etc, IMPERIAL BANK BLOCK; Ont. 'No 484 & AM, GRC ING | ~N Meets in the Masonic Hall, Dryden, { the Second Tuesday of each month. Visitors Cordially invited. F. P. MATTHEWS, W.M. A. Jd. Doni Sec. a TL 0. O. F. DRYDEN LODGE, Xe 417 meets at the Town Hall every 1st and 8rd Monday of each ey WILDE, N.G . ANDERSON, Seey meets the first Wednesday in the Town Hall. Visiting Brethren cer- J. E. HARRIS, W.M. BADEN SMITH, Secy J. E.GIBSON, NOTARY PUBLIC CONVEYANCER, &e. Agent for © This Space Next Week FIRE INSURANCE COMPANY - DRYDEN ONTARIO JAMES MoFADYEN | REAL ESTATE AND INSURANCE DRY DEN % ONT. t Planning for a Big Season! By all the signs this should be a good season, and we intend to be ready with We are making plans for a big Spring Campaign. a big stock of the Implements and Supplies a farmer needs. Watch this space, and keep advised of the latest ideas and prices of everything you need in the Implement line. FES," A BICKNELL, Implements . = Ld