Everything went well with us that second season as I said, and for that reason it isn’t particularly interesting to me. On the first of October we found that we had done a business of sixty-seven thousand eight hundred dollars. In round figures this left after deducting commission and expenses sixty thousand dollars. Out of this we declared a ten per cent. dividend to stockholders, which amounted to six thousand dollars. Three thousand more, or one dollar a share, we put aside into our reserve fund. This left fifty-one thousand dollars to be distributed on the basis of the amount of produce turned in. We had that year four hundred and twenty-one members which made our net profits figure up per capita a little over one hundred and twenty dollars. Now it’s impossible for anyone to figure on whether that was a fair return for the amount of capital invested in our plant or not. In the first place that doesn’t by any means represent the value of our produce. You must take into account the amount consumed by our home market, the amount in hay and corn and potatoes and beans and what not which we kept on hand for winter consumption and a hundred other things. And besides--and this is something I want to emphasize over and over again--if you could figure the total it would all be beside the point. The fact which counted with us wasn’t whether or not we were getting full value from our plant as yet. We weren’t, and we knew it. The point was that we were getting something where before we got nothing. If we hadn’t shipped five thousand dollars’ worth of produce that second season we should have called our enterprise a success. We had waked up! We were trying! We were using our opportunities! Our old men were interested and our younger men enthusiastic and our women were alive. In looking back--and I don’t have to look back very far--I realize more than ever that the Pioneer Products Company, which expresses the result of our labors in dollars and cents, is by no means as important even now as the Pioneer Club which expresses itself principally in pleasant memories. The Pioneer Products Company is making us secure with modest bank accounts, but it is the Pioneer Club which has made us Sam and Josh and Frank and Bill to one another, and our wives Sam’s wife and Josh’s wife and Frank’s wife and Bill’s wife. It’s the Pioneer Club that has made us glad we’re living even if it’s the P. P. C. that has made it possible for us to live. It’s the Pioneer Club that has made our town dear to us and has made us proud that we live here. It’s the Pioneer Club that is the heart of us through the long winter months, though we are busier then than we used to be. And it’s the Pioneer Club again that is keeping us sane and healthy in our prosperity.