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Auction: 9USA - Schingoethe Obsolete Currency Collection Part 15
Lot: 825

UT. Toquerville. Toquerville Co-operative Mercantile Association. Feb. 1, 1870. (Rust 219 Plate Note). One Share. Printed on newsprint stock certificate. Decorative edge at left; "Holiness to the Lord." at top. No. 58. Deseret Evening News Print. VF-EF. ($500-1,000) The co-ops served another purpose that allowed local people to purchase stock and become shareholders. Stock was inexpensive and everyone had the opportunity to buy stock and share in the profits. However, they were limited in the amount of the stock they could purchase so that no one could gain a controlling interest. These economic programs brought independence and self-sufficiency to these settlements, thus allowing the Mormon Church to expand in Utah Territory early. Almost all economic endeavors attempted under the Church?s supervision was encouraged to have their members participate. Estimate US$ 500-1,000

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