New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-05-31

<,el4 Tho number OF members was 700, they had
carital OF 2,O0O and were dong business OF foV
weekly Their basis was Is shares, Is entrance Iet
ssrstd and 81 per week tall the share was paid up
One Individual could not hold more than ten shaes.
They dealt IN groceries, provisions ana mas AiOsheI
Seiegate from ROchdale, representing the COOpeld-
- 1s~n Nil said they had capital Of ca GOO, and
numbered $50 members They had been engaged Tor
sone weeks past grinding -four for the various CO
lucrative stores al Bacup, Rochdale, Padlhan' &c.
Mr. Hull, from the Padlhan cooperative Stole,
ssid they had commenced IN le4e with capital oil
sos raised on shares OF IS each Ihey had no"
carifa Of from GOO 10 $500. were dong business
of $50 weekly, had paid per cent. on the shares,
and when the last balance was struck, had reserved
a fund Of fl30 for educational purposes. and ald IN
SICKNESS or old age. Having succeeded SO well IN
the distribution. they had determined to direct tnelI
efforts 20 the production Of wealth. consequently had
commenced building a she'd 30 yards long and Il
wards wide, for spinning or weaving operations
They were undecided which.
Mr. Thomas Lindsay Of the Working Tallors As
socation, Manchester, stated that the society had
commenced on los. shares. Deposits were paid on
I44 but many persons paid no more than the first IL
sediment They lad been at WORK nearly l5months.
During the FIRST quarter the receipts for WORK done
were fl6- 6s. Id. subscriptions, Gl7 SIS Cd eXpendl
ture wages. COS los 6ld, and for materials, ES3 As
nd The total re eips up TO the end of last year
we're 1881 AS expenditure, wages, E270 IS. lOid.,
materials E256 9s. Cd. making total expenditure OF
csc l5S. I'D. and leaving small balance IN hand.
Nj Walter Cooper. Working Tallors Association,
easiest, London, stated that the Association had
rsCO at per cent. Nearly fl0O had been repaid.
Their number at starting was twelve they had now
twenty-scven. The average wages was 2sS per
week They had good library and reading room.
the shop Vas well constructed, well ventilated and
healthy and their first quarters profits were about
IT, their second quarters about tl26, which was
devoted IN thirds to pay OF borrowed capital 70 d.
vision among the associates. and 10 the extension of
tie establishment. They had also general reserve
fund for educational purposes No intoxicating
drinks were allowed on the premises They were
only able 10 compete with the better shops Com
petition with the slOpseler out of the question.
Under the present laws he placed under certain
liabilities as manager of the Association 50 long as
thew retained any portion OF borrowed capital but
he confidently expected that IN another year me en-
tire capital would be repaid. and he should be IN po-
sIton 10 deliver over the legal documents INTO the
hands Of the associates.
Attheconcusion OF the reports, which lasted up
ward Of SIX hours, the following resolution was
moved and caused considerable discussion, but was
ultimately carried unanimously That 1t would be
advantageous and beneficial to the various coopera-
tive Societies If there unity OF action esao-
hshod for the purpose OF mercantile transaction and
therefore this Conference recommends the establish
ment of a central trading depot