It took but little of his spare time and did not interfere with his studies, and at the same time gave him a good income.
PLAN No. 76. CO-OPERATIVE STORE
A former merchant in a small town, who had lost his entire stock by fire, and had been unable to collect the insurance, conceived the idea of starting a co-operative store, without capital, and the plan worked so well that in a few years he was in a better condition financially than before the fire.
Fully realizing that the average store in the small town charges higher prices for inferior goods than the city stores ask for the better grades, and knowing the people of his community would be glad to be better served at a lower cost, he visited a wholesale house in the city, made arrangements for purchasing groceries and kindred lines at wholesale prices, when taken in considerable quantities. He then formed a sort of club or co-operative society of from 75 to 100 members, among his acquaintances and former patrons, agreeing to supply them with the better grades of goods at prices considerably less than those charged by the local stores.
He opened a little store room in the town for the distribution of these goods, each member paying cash for every item purchased, and, there being no necessity for bookkeeping or collections, he made a good profit on everything sold in this manner, suffered no losses, and in a short time controlled practically all the grocery trade in his town and the surrounding country. He often remarked that the fire which destroyed his former store was the best thing that could have happened to him, besides the benefit it brought to those in the community who co-operated with him in his enterprise, while he started on nothing.
PLAN No. 77. STARTING A HOSPITAL IN A SMALL TOWN
It was a doctor’s wife who, with a husband broken in health and purse, originated a plan that was successful and put the couple financially “on their feet”.
The husband, an able physician and surgeon, in a western city, with failing health, decided to move to a country town. His finances were at a low ebb, it soon became necessary for him to resume his practice in this rural community. But he was not physically able to make calls at long distances from town, especially at night and in bad weather, and his wife decided to carry out her long-cherished plan of opening a hospital, even if it had to be done on a small scale.
The house next door being vacant, the doctor’s wife engaged it at a low rental, paying for the first month in advance. Then, when a telephone call came for the doctor from a farmer whose wife was ill, the wife told him the doctor was not able to go, but suggested that the farmer bring his wife to town, where his wife would have a pleasant room, the care of an experienced nurse, and the medical services of the doctor.
The doctor himself was astonished when he overheard this conversation, and entered a vigorous protest, but the wife told him not to worry.