And it is characteristic of him that he
would not accept one cent of interest. Shares of stock in the store,
originally issued at five dollars a share, are now worth one hundred
and four dollars a share, the difference being represented by profits
that have not been withdrawn. Every share is owned by the people of
the prosperous little settlement.
Up and down the Labrador coast and in northern Newfoundland nine
co-operative stores have been established by Doctor Grenfell since
that autumn evening when he met the Red Bay folk in conference and
they voted to stake their all, even their life, in the venture that
proved so successful. Two or three of the stores had to discontinue
because the people in the localities where they were placed lived so
far apart that there were not enough of them to make a store
successful.
Every one of these stores was a great venture to the people who cast
their lot with it. True they had little in money, but the stake of
their venture was literally in each case their life. The man who never
ventures never succeeds. Opportunity often comes to us in the form of
a venture.
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