1924-1974 "Half a century ago..." written by Helen E. Amos
... on January 24, 1924, a meeting was held in Edwin Morris' white frame home on the main street of Wanstead for the purpose of discussing the formation of a co-operative. For some years past the Wanstead Farmers' Club had joined with other such associations in the area and pooled their buying power to purchase coal, flour, seed and fertilizer, and to organize various social functions, but now it was thought best to petition the provincial secretary, under the Co-operative Company's Act, for permission to be incorporated as a joint stock company, capitalized at $10,000.00. This was granted, and the Wanstead Farmers' Co-operative Company, Limited, became official on April 7th, 1924. Orville Ramsay was elected president, and Arch Williamson appointed manager, Burton Ramsay, the first president's son, holds that office today.
Original members were:--R.E. McPhedran, Calvin Hodgins, Geo. A. Dewar, P.W. McPhedran John E. Capes, Arch Williamson, Orville Ramsay, Jas. Jackson, A.G. Minielly, Henry McAuslan, Duncan Ferguson, J.C. McNeill, Herbert Tait, Alex Dawson, John Osborne, Henry Ramsay, Victor Smith, Frank Dewar, John A. McPhedran, John McAuslan, Edwin Morris, F.S. Campbell, Edgar Flemming, Jos. Stonehouse and John Armstrong.
The initial annual shareholders' meeting was held in the Orange Hall at Wanstead on the afternoon of January 21st, 1925, the Co-op having agreed to pay $10.00 a year rent for this purpose. Victor Smith and Geo. Dewar were appointed auditors, and the following were elected to form a Board of Directors for that year: Orville Ramsay, Alex Dawson, Jas. Jackson, P.W. McPhedran, Roy E. McPhedran, Calvin Hodgins and Duncan Ferguson. A dividend of 7% was paid in 1925 to subscribers who had bought shares at $10.00 each, either in capital notes or cash, as they wished.
At a Board of Directors' meeting on May 22nd, 1926, it was reported that scales had been
purchased from Lambton Loan Co. for $50.00 and an office building for $25.00, and it was moved to apply to the C.N.R. to lease enough land to accommodate these scales, and on which to build covered stock pens.
On January 13th, 1927, at the annual meeting, the manager reported that although some lines of the business showed no profit whatever, there was still a balance of $800.00, assets over liabilities, as indicated by the auditors' statement. It was moved and seconded that these gentlemen, Barret Forbes and Victor Smith, be paid $5.00 each for the past year's work, and the same amount for the coming year; whereupon it was moved by Alex Dawson and seconded by Duncan Ferguson that only $2.50 each be allowed for 1926, but the $5.00 would be given for 1927. Carried. This work is now done by Ward Audit of Ridgetown at a fee of $3,000.00 a year.
At a Board of Directors' meeting on January 24th, 1928, it was reported that the National Fire Insurance Co. had reinsured stock and buildings belonging to the Co-op for one year in the amount of $1,400.00. The manager, Arch Williamson, was worried because "some accounts were getting rather large and no effort seemingly being made to reduce the amount owing the company." He thought something should be done about collecting these debts, and he and P.H. McPhedran were appointed to "interview one or two" and see what action might be taken. The next year, at a Board of Directors' meeting on January 4th, Barret A. Forbes, auditor, gave a statement, and marked off $455.00 as a reserve for bad debts.
The annual meeting for 1929 was held in the Orange Hall on January 15th, when it was moved and seconded that $10.00 be donated to Sick Children's Hospital in Toronto. This is what the manager received as recompense for his work:-15c per cwt, on cattle; 10c per cwt, on hogs, lambs and calves; $1.00 per ton on fertilizer handled; 3% commission on all other goods; and 25c per bushel on seeds handled by the company.
That the Co-op tried to do the right thing is witnessed by their decision to give John Hall $25.00 to help on loss suffered by him when hen a cow was killed on the railway track February 9th, even though the company acknowledged no responsibility for the accident.
By 1930 Canada was in the throes of the Great Depression, which was reflected in the Co-op's affairs. At the annual meeting on January 17th it was decided that 20% of the profits as shown by the financial statement at the close of 1929 be placed in a Reserve Fund and at a Board of Directors' meeting on December 27th the manager reported that a thousand dollars of his commission for the past year hadn't been with drawn, as it was needed to carry on the business, whereupon he was awarded interest of 5% on this money, as if it had been a loan.
At the annual meeting in 1931 it was moved and seconded that the president be given $10.00 for his year's services. In 1933 the balance, assets over liabilities, was $1,259.40.
Arch Williamson was manager from the organization of the Co-op in 1924 until 1942. For the next three years John A. McPhedran assumed this post, with Fred S. Campbell as president. About 1946, the financial structure of the Co-op was changed from share capital to member loan equity. The general economy of the country was looking up somewhat by this time and the members were able to invest more money. Facilities were improved, and a seed cleaning plant was installed.
The Co-op got into the feed business in 1947 when it purchased the Townline Mill from Francis Earl Shaw. Due to John McPhedran's ill health, a new manager, Alfred C. Hall, was hired; with Earl Helps to take charge of the new mill. An interesting note is the fact that in 1949 the manager's salary was $2,000.00 a year plus fuel for one stove.
J.C. Clark became manager in 1951, and in the same year the Co-op became a member of the Co-operative Union of Ontario, and of the United Co-operatives of Ontario. Lloyd Ackert was hired as manager in 1953, Ken McCormick having filled the post for part of the year. The Co-op's first warehouse was built at Wanstead in 1948, the year the office's first adding machine was purchased. In 1956 the first cash register was acquired. At that time there were 376 members, and the volume of business was $192,656.00. There are now about 480 members and business of over three million dollars annually, chiefly in grain, feed and fertilizer.
Twenty years ago, on March 19, 1954, tragedy struck. Fire roared through the Co-op at Wanstead, and when it was over nothing but blackened ruins remained. A month later, a board meeting was held to decide what to do. The future looked as bleak as the charred remains of their holdings. Should they wind up the affairs of the company and call it quits, or vote to begin all over again? It must have been a dramatic moment when the president asked those who thought the charter should be surrendered, and the Co-op go out of business; to raise their hands-and not a solitary one went up. Nothing daunted, they resolved to build again at Wanstead.
Fortunately, the Townline Mill was still going strong, so the Board thought it best for the time being to improve its
facilities, and construct an elevator at Wanstead to handle the marketing of grains, as cash cropping had greatly increased in the area. This was finished by the fall of 1954.
Early the next year, Lloyd Eckert moved to the head office of U.C.O., and M. Bevin was hired as manager. He left in May, and Cecil Hall was engaged.
The mill at the Townline was getting old, and the volume of feed had increased to the point where it was hard pressed to handle it. More facilities were urgently needed. Extra money would be required for expansion so a member loan canvass was held, and in 1958 a new mill was started in Wanstead, using the warehouse as the main structure, and completed in September of that year. This was something new in the way way of feed mills, with push button and control panels to speed and regulate flow of ingredients. About this time an egg grading station was established, with accompanying feed and egg routes. A gala Open House was held, and more than 600 local farmers and their wives came to inspect the new installations.
Rapid changes took place in agriculture in the next few years, which called for increased expansion, and all concerned with the Co-op must have found challenges and excitement trying to keep up.
Catastrophe hit again in May, 1961, when the Townline Mill was utterly destroyed by fire. This meant the one at Wanstead had to handle more volume than ever. Fortunately, early in 1962 the Co-op was able to purchase the McCormick Elevator in Wyoming (From Fred McCormick), which enlarged the trading area considerably. The next year, bulk fertilizer facilities were built at Wyoming and a liquid nitrogen depot installed.
A new modern grain dryer was put in at the Wanstead elevator in 1965. In the previous ten years, from 1954 to 1964, sales had increased from $200,000.00 to one and a half million dollars.
About eight years ago the Wanstead C.N.R. station was acquired by the Co-op and, with the addition of two washrooms and a small warehouse, serves as a bright and comfortable office. A house across the road, which was used as a manager's residence, and later as a storehouse for office supplies, was sold about 1961.
A major addition was constructed at Wanstead in 1971, when two grain storage tanks were built by Chapman Farm Equipment Co., with assistance from Co-op employees. Together with a loading bin and other equipment necessary to feed the new installations, cost was about $50,000.00. In 1972 a flat storage building was constructed in Wyoming at a cost of $60,000.00. This building measuring 84' X 128' has a capacity of over 100,000 bushels of grain. During the period when no grain is stored it is used as fertilizer and seed storage.
The Co-op has thirteen employees in total, with E. Packett in charge of the Wyoming Branch. Jack Gale came in 1955, and upon the sudden death of Cecil Hall last year, became manager.
Twenty years ago a few retail sales were made by the Co-op-livestock medicines, saws, a few radios, things like that. Now paint, stoves, deep freezes and so forth are sold, but this remains a small sideline.
In 1948 the Co-op called in all shares, and since that time members' loans for twenty years draw 5% interest, short term loans have a higher rate, and there are debentures. Assets are now $560,000.00 and 1973 saw a profit of over $66,000.00. Wanstead Farmers Co-op Co. Ltd., is still a locally owned and controlled farm supply Co-op-that is, members actually own the business.
The 1974 Board of Directors were: Burton Ramsay, (president), Victor Smith (secretary), Murray Campbell, Wel Stonehouse, Les Tretheway, V. Packett, Keith Edwards, Claire Bryson, Harold McKay, and Glen Minielly.
This Board sets the policy, and the manager sees that it is implemented. The president co-ordinates these efforts, and also has various special meetings to attend in connection with Co-op affairs. He gets $50.00 a year, as does the secretary, for their duties and, together with all directors, these gentlemen also receive $5.00 for each board meeting.
Victor Smith, it is interesting to note, has served almost continually for 50 years as president, director, auditor or secretary, being one of the original members. Others still living are: John Armstrong, Jos. Stonehouse, and John Osborne.
To perpetuate the memory of Cecil Hall, Co-op manager from 1955-1972, members have established a memorial fund, "to encourage the scholastic progress of a qualified person who has demonstrated ability in leadership, who has made a contribution to extra-curricular activities in the school and who is interested in post-secondary education in agriculture." One student from Lambton Central Collegiate Vocational Institute will be given this award each year. So far, Sjackie Joosten has been a beneficiary
The Wanstead Farmers Co-op Co., Ltd., was started in good faith and with high hopes by a handful of men who wanted to help themselves and their neighbors by pooling their efforts and buying power, for the good of all concerned. Now fifty years later, the community is reaping the fruits of their labors. By adhering to the same ideals of fair dealing and honest service, the business has grown beyond the same hopes of anyone involved in it. Under the capable leadership it now enjoys, continued success is the forecast. The Co-op has survived fires, depression and war, and come through in fine style. May it always be so!