an economy of abundance, organized consumers must have the ownership and control of the means of production and distribution so that they can regulate production to their needs of consumption, can supply themselves with pure products without adulteration, and do so without competitive wastes in the processes of production and distribution. Consumers' Cooperation is Economic Democracy. Consumers, who are everybody, become the owners. Voting is by person and not by property -- one person, one vote. Proxy voting is eliminated -— members must attend meetings and be active. Membership is open to everyone. We now have management control largely in industry, not even stockholder control. Under a cooperative system consumers control and the management executes their will. Consumers' Cooperatives Distribute Profits Justly. So-called profits, which in cooperatives are really overcharges or savings, are paid back to the consumer-member-owners on the basis of purchases, as patronage refunds. Those who produce the profits get them in proportion to the contribution they make towards them by their purchases. John T. W. Mitchell, the great leader of the C.W.S. says, "Those who pay the profits should get them back." Consumers' Cooperation results in Security -— not Speculation. Capital is hired at the lowest cost. A minimum rate of interest is paid. There are no excessive earnings for investors so there is no watering of stock to cover them up. Stock cannot be sold at more than par value. Consumers' cooperatives require no governmental stock market security regulation because there is no speculation in cooperative stocks. Consumers' Cooperation Increases the Income of Every Consumer-Member. A 10% patronage refund on regular retail prices means one ninth more food, goods and services. Consumers' Cooperatives Pay Fair Salaries. They are large enough to secure trained experts for managing large scale industry, but not excessive, as under the present management control of corporation policies and payrolls. Consumers' Cooperatives Abolish Secrecy. Whatever cannot survive in the open in a democracy is wrong. Balance Sheets. Profit and Loss Statements and every other figure and fact are open to consumer-member-owners in a cooperative. It is the business of all. Consumers' Cooperatives Strive for Cash Business, not Credit. Credit was said by one of the men who organized the first Rochdale Cooperative in England to be "The invention of the Devil." The only real reasons for credit business are competition for customers and inequality in the distribution of wealth, both of which cooperation