New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-09-08

We recently stated. what we believed to be the
truth, that Protective Union Stores-in other
words, joint stock associations for the purchase
and sale Of goods by retail-had not been found so
advantageous in practice as their friends-and we
amopg the number-had anticipated, aud that
they IRE not Row increasing. The Journal Of the
Proectre Union for Sept replies t. this state ment
fully aid fairly, yet We think not conclusively.
Here is The Journals statement of the Union idea
or plan:
Il. when a number Of persons, say fifteen or more,
having sufficient confidence in the principles and sd-
vaptages of cooperation, and faith in one another are
desrGus Of establishing Union Store, let them unite
in thorough ano an nte'igent organization, possess.
il ihen.e of all the experience they able to
obtain fro similar associations, and making them
selves familiar with the details essential to such an
undertaking.
80. When thus organized, m ample capital should
be raised by the way of stock notes, loans or some
other feasible plan which may be presented TO enable
the Company TO supply their store with reasonable
assortment Ofsuch articles as the community VIII re-
auire, and provide them tb funds to make advance
purchases when anticipated changes in the prices of
goods re uter such action advisable.
"3. Let the services Of some competent and trust
worthy man, who is not altogether mercenary but
interested in the principles Of the enterprise, be Sc
cured TO take charge OF the store, and perform the
various responsible duties Of clerk.
~. The store should be conveniently and advan-
tsgcousy located and together with the merchandise,
well secured and insured against fire.
~. All merch8L disc should be sold strictly upon
the ready pay principle, TO members well others,
and at such advance frOIn ccst az will pay all ex-
repses and keep The original capital of the association
entirely good which will vary in different localities aud
uIder different circumstances, generally averaging
about ten per cent on the cost of goods in store.
"Ihis, briefly, Mr.. TRIBUsE, is store on the Pro-
teciive UIiOn system, end such store, observing
fair share Of prudence judgment and tact in the details
Of business, will surely succeed
"1he most gIievOus hndrance to the success OF
Cnion Stores, thus far, has been the employment of
Incompetent, unfathful and scheming managers and
cl.fks-ofte men destitute of correct business habits,
ufrt ndy 10 the principles aud objects Of the organizs
ton and given to trickery and craft. Stores under
such management will soon break away from the safe
guards OF the system, aid gradually run into the Old
cbannes Of trade ard the adoption Of the credit sys
tem with all their uncertain and ruinous consequence
ard finally blow up, as they ought, being nothing but
shaus'
To which THE TRIBUNE responds, that " the
raising of an ample capital by way Of sto X NOES
or loans, will, in our Judgment generally swamp
the concern. There is but one safe way of doing
this business, which is by paying down the capital
in positive cash at the start. The SUN need not be
orge, as ihs stock can from time to time be rePlen
he'd or goods are sold; but 10 Union Store snvIld
ever owe dollar, NOT allow customer to owe it
one Then give the stockholders five per cent ad.
yaltsge Of other customers in their respective pur-
cbase., and, in coed hands, the plan will work and
DO gOod-otheIwise, We lack faith in it.