THE FARMERS' CO-OPERATIVE ORGANISATION.

Taranaki Daily News, 6 July 1915, Page 8

THE FARMERS' CO-OPERATIVE ORGANISATION.

(To the Editor.) Sir,—lt is with considerable roluctam o that I take any notice of Mr. Davidson's vapid twaddle which appeared in a lar.e issue of your paper. Observe how !:<■ refuses to fatlier the little oration which suggested the calling up of the uncalled share capital as a means of relUviif the financial stress under which i:ie above company labors. His expressed fears are that the many shareholders whom he induced to take up shares would have a poor opinion of his intelligence if he were to admit the parentage of that reasonable enough utterance. But he fails to recognise that the intelligence is very much less in a man who had Bueceeded in inducing his fellows to take up shares in a white elephant (constructed oxchishely for the flattening out of Mr. Fat, purely in the intf: - - ests of Mr. Farmer I and who stands quietly nsidt' and allows Mr. Buekeridge and company to transfer its head to the place where its tail use to be (thus reversing the very purpose of its existence), and who rushes out with a flag of "five new shares" exhort imr bis friends to show their loyalty by coming to the support of this freshly converted animal! That. I received only 2!) vnies when I stood as a director was nothing more than was to bo expected, seeing that I was the only candidate who openly defied the directors and flaunted my independence in the face of the, great god, Baal. Mr. Buekeridge had previously warned shareholders "not to nominate a man unless he was prepared to sign a joint and several, as the directors did not want anyone there who would not, and neither did the bank.'' It was decause I protested against our great white elephant kneeling down in humble supplication to the "golden calf that I received so few votes. It was. however, well worth proving that even in the Courts of Baal there were still -'.'< men faithful to the grest elephant—first attitude! On high occasions Mr. Buck fridge's position will be on the olf side in due line with Mr. Fat and the earof the elephant, Mr. Davidson taking up the rear posit ion with his little fla;.' of "five new shares."—! am. etc.. WAIONGOXA. July 3, lillo. (We have been compelled to excise portions of this letter.—Ed.)