Greenfield Republican, Greenfield, Hancock County, 23 June 1910 — Page 8
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The Story of
the Evolution
of a Great Bus
iness Enterprise
Read Every Line on This Page
ft is a subject of vital importance to everyone within trading distance of this City.
We ask your kind indulgence before entering in the details of this advertisement, knowing that what we are going to say will be of vast importance to every citizen of Hancock county and surrounding territory.
Co-Operative Stores
From the foregoing you have learned that this store will be operated on the co-operative plan. This will mean a great deal to our customers as they will be permitted to participate in the profits of this business. In adopting the plan which we will herewith explain to you, we were largely influenced by the phenominal success which has been made by other co-operative stores throughout this and other states, including such concerns as the Peru Mercantile Company (co-operative), Peru, Ind. The H. B. Sykes Company, Elkhart, Ind. Greenebaum Co-operative Store, Danville, 111. People's Store (co-operative), Ft. Wayne, Ind., The Lion Store Co-operative Company, Anderson, Ind and many others.
Messrs. E. S. Phillips and E. Rothschild, who are officers and managers of the Lion Store Co-Operative Go. of Anderson, evolved the co-op-erative plan of merchandising as conducted by their concern, and several others of the largest department stores throughout the United States and in these stores there are thousands of stockholders who are sharing in the profits of their business by the plan which we are now adopting.
How to Become a Partner in the Spot Cash Co-Operative Store Co.
It is the ambition of every mercantile institution constantly to broaden the scope of its business. To this end we have decided that this can be best done by enlisting the co-operation of thousands of persons in Hancock and surrounding counties. In other words, our purpose is to establish a CO-OPERATIVE store.
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For the People, By the People"
We want 3,500 CO-OPERATIVE shareholders who will, impelled by their sense of interest in ownership and personal profit, make it their business to become walking, talking advertisements for this great establishment, who, no matter if they have ten shares, or even one share, will feel their power of ownership in the institution, and talk the business, push the business, boom the business. We want this business to be yours as well as ours. We want you as an active partner in this store, which will stand as a credit to Greenfield and to those who help make it a success.
What is Co-Operation?
Co-operation has been defined as banding together of a number of persons for the economical production and distribution of merchandise, so as to save the consumer part of the money tlxat he would necessarily pay as a profit. The people owning these shares of stock will have a purchasing and distributing power so tremendous that it will drive price points lower than ever before, reduce the cost of merchandise, and enable purchasers to supply their needs at a great saving.
The speculative feature is entirely eliminated from the idea of this company's stock. It is not an experimental enterprise, but is based upon modern merchandising of successful record under our management, thereby assuring the holder of stock legitimate returns upon the money invested.
PER CENT. REBATE On everything you and your family buy at this Store.......
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Our Plan Capital Stock
Forty thousand common tMrtyfive thousand preferred. The common stock is held by the officers and directors of the company. The pre. ferred stock ten dollars ($10.00) a share, 7 per cent, guaranteed dividend. fully paid, cumulative, nonassessable, we offer to the public afc par.
Farmers, mechanics, tradesmen, clerks, craftsmen, professional men and the general public—men and women alike—are invited to take shares and become owners and profit-sharers in this business. We offer for sale at par the preferred stock at §10.00 a share. This is fully paid, non-asses-sable, with a dividend of 7 per centw per annum guaranteed and cumul&r lative.
Preferred stock is so called because all profits must first be applied to the payment of the dividends upon such stock before the common stockholders are permitted to share in the profits. It is fully paid and non-assessable. In other words, if you pay $10 in full for. one share of stock, you cannot be assessed after payment under any consideration or should you buy five shares of stock for $50 and pay in full, you can never be called upon to pay any more on ths five shares.
In addition to this guaranteed dividend, every stockholder will receive a special rebate of 5 per cent, on all goods purchased. This rebate will more than ipay for all the stock:you, own in a surprisingly short time. This is an opportunity, the like of which has never before been offered in this community, and should be taken advantage of by persons of large or small means. The managers, buyers aud employes of the various departments, will be the most efficient and capable that cart be had as they are all seareholders and are consequently directly interested in the success of the store.
Stock of Merchandise
The stock of merchandise carried by this store is the very best quality %hat money and long experience can buy. One of the strongest arguments in favor of this co-operative store plan is that you are always sure of getting the best of everything at as
Greenfield, Ind.
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GREENFIELD REPUBLICAN,'THURSDAY. JUNE 23, 1910.
FOR THE PEOPLE BY THE PEOPLE
A BIG CO-OPERATIVE STORE WHERE EYERYBODY CAN SHARE IN THE PROFITS
The Lee C. Thayer Go. Store has been sold to the company operating the Lion Store (co-operative) at Anderson, Ind. The store will be known as the SPOT CASH CO-OPERATIVE STORE CO., and will hereafter be operated under the co-operative plan. In the years of business here, this store has made thousands of friends and customers, and now we are going to show our appreciation of their patronage by giving everyone the opportunity to participate in the profits of this business.
Not over Ten Shares Sold to Any One Person We Want To Enlist 3,500 Stockholders.
TO MY OLD1 FRIENDS AND PATRONS: We have sold the Lee C'. Thayer Co. Store the Spot Cash Co-operative Co., and after investigating I find these men worthy of your confidence and patronage, and- ask you all to continue trading at the old stand and eo^ operate with them in making this the greatest 8tore Greenfield has ever known.
LEE C'. THAYER, SR.
low or lowers prices than like goods can be purchpaed elsewhere and in addition will-' receive 5 per cent...rebate on every single purchase which you or your family make. Every stockholder will get the benefit ofthis rebate.
What Yon San Boy Here
We carry complete lines of dry goods, hosieryunderwear, notions,, shoes for men,-, women and childrenj. men's furnishings,clothing, women's*, misses' and children's ready-to-wear-garments, curtains, draperies, rugs,. linoleums, mattings, trunks and suit cases, candies, cigars, groceries, meats and the thousand things th&fcgp to make up a, first-class department store.
Total
of Owning
Shares of Preferred Stock
Have you ever thought of howmuch money you spend yearly for, the actual necessities of life, in the lines of goods handled by this co-operative store 5 per cent, rebate on your everyday wants that you cannot get along without buying will mean, the earning of from $10 to $90 a year to, you alone.. Give this a.litsie thought —do a little .figuring and you'll see ajv once that you cannot afford to be without at least one share of t&is stock, If you own a single $10 share, or five chares at $10 eajah your rebates are the, same—5 per cent, on alk purchases, which, gives tshe family of the moderate and small means the sams advantages as those of large means.
For Example
For example? If you owis a*. $10 share and your purchases all over- the store would amount to only $100* 00 a year the result wttl. be as follows 1 per cent, guaranteed dividend on worth of preferred stock $ ,70 The ca»b rebate at 5 percent, on |1Q( worth of merchandise— 5.00
Total
—1-1-i $ 5.70
Or 57 per oent, per annum on an investment of $10,
Store Co
GEO. W. DAVIS, Manager.
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A store that will grow by Leaps and Bounds, now Adopting a Plan that will increase its already large business.
A Ten Dollar Investment
Entitles you to share in the fits o# this established business. We want you as a Partner.
EC your purchases-amoent to $200.00 the following: would be the result- on a- $ 10.00 mvestment•: 7 percent, guaranteed dividend on $10 share of preferred stock $ .70 The cash rebate of! 5-per cent, on $200 worth of merchandise would $ 1 0 0 0
A total of $10 :7G earned on $10.00 investment or ewer 100 per cent, on your investment..
What Your Investment Will Do For You
Youi receive 7r per cent, dividend on your investecent, payable onceeach year, on Janaary 15. You receive per cent, rebate on all purchases, payable twice each year, oa, June 10, and December 10.
Your money will earn more in tliis co-operative afcore than any obiter, goodi.safe guaranteed investment proposition that ycrocan find right here at home..
Owners- of one- share are entitled to 5 per cent rebate on all pur* chases,, just the same as owners of five shares. You mil be surprised at what this saving amotafes to within a.year.
The money you invest with us is non-assessable We want %500 stockholders. WilL you be-one? A-fc any time you want to sell your stock it, is transferable -on the books* of this- campany.
How We Can Afford to Give the Five Per Cent. Rebate
By securing all fehe trade of our stockholders instead of. 25, 50 or, 75 per cent.. o£ it.. By securing, 3»5jOO live, hustling, wide-awake patrons, to boost our business, thus, reducing the cost of doing, business much^more than 5per cent.
This store is. affiliated with a big chain, af co-operative stores, thai) buy together direct from the largest manufacturers, in su§h. large quantities- that the cost of merchandise is recced from 5 So 20 percent., thereby enabling this store to reduce the aeUing.prices o£ almost all goods and, besides give 5 per cent, rebate.
Why We Are Introducing the Great Co-Qper-ative Features Into This Business
To save money for our customer^. To make money for ourselves. To build one of the largest and best mercantile businesses, ixt Indiana. We want your friendship, yoi&p trade, your influence. That's why we are willing to give you a share of the profits. this store.
How to Subscribe for Stock
If you desire to become stockholder, y-on may subscribe by coming to the store, or by mail, or ii you, desire we will have one of our representatives call on you, if you will drop us a card or telephone us.
If you do not thoroughly understand this proposition, do not hesitate to ask any question, and we will be only too glad to go into further details with you.
Several of Greenfield's most influential and successful business men, professional men and wage earners, who at once grasped the splendid investment feature and earning power of this preferred stock, have subscribed for stock* After investigating the plan, they at once saw the splendid earning power of a small investment in this profit-sharing stock.
As soon as yon subscribe for stack your rebates on all purchases begin. You can afford to own at least one share of this stook, as we guarantee it to be the best paying investment yon ever made.
PER CENT.jp
Guaranteed Dividend on every Dollar you invest. Dividends are Cumulative and Stock Nonssesasable.
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$10.701
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