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Newspaper
Henry Republican
Location
Henry, Illinois, United States of America
Date
Jan 10, 1918
Page
4
The Ottawa Chamber of Commerce notes a new Co operative Packing Company formed to run a meat slaughtering packing and cold storage business in Illinois. Officials include Clarence Griggs Bougherty Parrell Kingman Arnold with a local ready market and lower prices for consumers.
The piece argues that cooperative packing would keep profits local, empower farmers and small businessmen, and give investors a way to fund enterprises with same advantages as large capital. It stresses packing is vital to farmers and community life and promises market control for producers.
This company promises to deposit all notes from share sales with the Ottawa Chamber of Commerce and all cash in a bank. No funds will be disbursed without the Chamber representative and treasurer signatures.
Statement asserts funds are properly handled and bank arrangements prove the legitimacy and soundness of enterprises. Claims 18 bona fide profits are large and assured, reinforcing investor confidence in the industry.
The Illinois Co-Operative Packing Association forms to create a rural meat packing and cold storage business. It aims to cut retail meat prices for members by removing middlemen costs from Chicago rail and terminal charges. The plant will be built near Ottawa on land donated by the Chamber of Commerce, modern and large enough to handle regional livestock output.
A proposed workers cooperative in Ottawa offers a local market for livestock with Chicago prices for members, reduced retail costs for consumers, and strong funding from investors. The plan aims to retain profits, cut middlemen, and raise farmland values by creating a stable, profitable packing operation endorsed by the Chamber of Commerce.
Investment limited opportunities offer original shareholders and assigns special gifting and discount privileges. The note emphasizes limited shares and underscores exclusive rights for early holders.
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