I have made several approaches to cooperatives, as it seemed to me and others that they were constituted ideally for the valun project for two reasons, to wit: they are drawn together by a common principle and interest and are organized mostly along lines of human necessities, and, second, their employees are more disposed to cooperate than the employees of non-coops.

Before the valun or any other plan can gain wide usage, it must enter payrolls, yet this is impossible until the system has broad representation among dealers in consumers goods to bid for the employee's interest.

The dean of the Cooperative movement in America, Dr. James Peter Warbasse, has endorsed the valun plan and mentioned it in his latest book, The Cooperative Way, page 113.

I am enclosing copy of a circular letter now going to a selected list of manufacturers and wholesalers. If this brings response evincing interest, I shall ask them to sponsor the plan to their retail trade, as I find that the retailer asks whether he can pass valuns on to the wholesaler.