The Southwestern Historical Quarterly, Volume 44, July 1940 - April, 1941 Page: 42
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Southwestern Historical Quarterly
five cents per bale being sufficient to pay the cost of handling
the cotton, the other twenty-five cents was returned to the
owners provided they were stockholders or twelve and one-
half cents per bale if they were non-shareholder Patrons. In
dividing the profits on purchases, two and one-fourth per cent
of the selling price on merchandise was returned to the share-
holders and one and one-eighth per cent to Patrons not share-
holders. Although the fall of 1881 was not a period of pros-
perity for business in general, the Texas Cooperative Associa-
tion thrived, the secretary increased the capital to $14,360 by
July, 1882, and the number of cooperative stores increased to
over 100, eighty-one of them holding stock in the Association.
Notwithstanding a short crop in 1881 and a falling off of forty
per cent in the purchases and sales of other businesses, trans-
actions advanced in this organization by about fifteen per cent,
and the cotton handled during 1881-1882 reached 9,733 bales."
Meanwhile the damaging credit policy was making its way
into all branches of the cooperative system. Rogers himself
violated the cash principles of the plan by advancing merchan-
dise on cotton and forwarding commodities to local stores on
time. Drummers were more active in sowing discontent among
the Patrons in 1883 than ever before. When managers told
them that they would buy the products of their companies
through the Association, they charged Rogers with being preju-
diced toward their concerns, and often did not stop at that, but
made other charges to arouse the suspicion of Grangers against
him.37 In the spring of 1883 the agency was carrying accounts
against several small stores which, it was evident, would not
survive the usual summer contraction of sales," Despite the
fact that during the fiscal year 1882-1883 the capital of the
Association reached $20,470, that the agency handled 16,045
bales of cotton,3" that it had the patronage of 112 cooperative
councils and about 200 other customers, and that it made net
profits of $20,542.46, some things were occurring that changed
the upcourse of the cooperative movement." It is true that the
36"Minutes of Texas Cooperative Association," pp. 67-68, 97, 101-104,
37G. B. Lundy to Rose, February 14, 1883, Rose Papers.
s3Rogers to Rose, March 12 and 26, 1883, Rose Papers.
39Local associations and individual stockholders shipped 13,349 bales,
Patrons not stockholders 1,118, and non-Patrons 1,568 bales.
40"Minutes of Texas CoSperative Association," pp. 134, 142.
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 44, July 1940 - April, 1941, periodical, 1941; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth146052/m1/50/?q=yaqui: accessed June 20, 2019), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.