FREE BOOKS

Author's List




PREV.   NEXT  
|<   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99  
100   101   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   >>   >|  
king fund to Fillmore Flagg, the trustee, who would then deed the farm to the corporation. Thereafter the company was to maintain a sinking fund amply sufficient to provide such additional farms as the children of its members might need. In accordance with his instructions from Fennimore Fenwick, the money received in this way by Fillmore Flagg, was to be held by him as a trust for the purchase of other farms. It was further provided that the Solaris Farm company retained the sole right to purchase all stock which might be offered for sale. The general service fund was to be used in defraying the expense of stocking, equipping and improving the farm. It was also determined that settlements made with members, who from any cause might wish to leave the company, should be made on a basis of two dollars and fifty cents per day for the time they had been co-operators, with the return of whatever capital they might have invested plus interest at three per cent per annum; all stock subscribed for to return to the company's treasury. The general plan further provided for the erection of separate cottages, with small gardens adjoining, for the use and occupancy of such families as might desire them. The apartment house, now completed, had many of its suites of rooms arranged for independent housekeeping, but so far, the members of the company preferred to take their meals at the company restaurant, paying for them the ordinary prices. They also preferred to patronize the laundry, general clothing, tailoring and dress-making departments which were connected with the company store. To prevent any conflict with the commercial interests of the outside world, the restaurant and the company store sold food and goods at the ruling market prices for first-class articles, realizing that it was plainly the policy of the company to keep only the best of everything for sale--the generous profits from all sales to go as a general contribution from the entire membership to the insurance fund for the helpless and the aged. As liberal wages afforded ample means, large purchases were encouraged, and all tendency toward a miserly hoarding was discouraged. It was marked that all the members were quick to appreciate the fact that the more liberal their purchases, the more generously they swelled the fund that was set apart to provide for the needs and happiness of declining years. With each passing month it was observed that this particula
PREV.   NEXT  
|<   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99  
100   101   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   >>   >|  



Top keywords:

company

 
members
 

general

 

purchase

 

purchases

 

return

 

provided

 

liberal

 
provide
 

restaurant


prices

 

Fillmore

 

preferred

 

connected

 

market

 
ruling
 

making

 

realizing

 
articles
 

plainly


tailoring

 

interests

 

laundry

 

ordinary

 
commercial
 

conflict

 

prevent

 

patronize

 

paying

 

departments


clothing

 

generously

 
swelled
 
miserly
 

hoarding

 

discouraged

 

marked

 

passing

 

observed

 

particula


happiness

 
declining
 

tendency

 

contribution

 

entire

 

profits

 

generous

 

membership

 
insurance
 
encouraged