Hodgson v. Baldwin

Plaintiffs in error state the case thus, and, as the record shows, correctly:

In the spring of 1864, an association called “ The Farm Ridge Union Store,” was organized in the county of La Salle, and engaged in buying and selling merchandise. The purposes of its organization were to enable its members to obtain goods at actual cost, and to derive profit from sales at ordinary retail prices to outsiders—to those not embraced in the organization. A constitution or set of rules for the government of the association was adopted, and a president and other .officers, including a board of three…