The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1867-12-14

Co.orsRArlox.--At the Social soisnee
Congress in New York, recently, Hon- Ana
81 walker said one &C the kreatest obeeo clss
10 Co-operatiye Assoaiatfans n thiscoo nfry
was the wonderful prevalenes ~ credit. The
greatest scoayse Of laboring men IL credit.
This Il whJ % much capital ia required 70
enter Into business, and this Il Why de mef-
cbant capaot s9lf bis goods merely OF . fair
profit Now, why 10 It that We have such
extensive credit in this country IL To- be-
cause we have credit 10 -Four currency. The
money that We pse !: credir in itself. Nav
il il ali credit, II seems very harmless
thing, but il is really one OF the most per-
nicious things in the universe. 1t ia because
We have credit ia currency that we have
such immense credits in society. Thn eur.
rency furnishes moncpolists the means Of
speculation in commodities at the expense
on the laboring man.
h TnK Pitssburg Lender says ssthe FONDA.
zion fsr the new cooperative fouEdry In
LawreneeFille has been completed, and the
wood work ~ pretty mach all framed and on
Ahe erennd, but the wcFkmen have Been de-
ltained this week Tor Wantof lumber 10 finish
iIths irSms- 1siF6f5as si0fs " sSessllss=
10 Get the budding under root this fail, aud
tew days Of fine weather win accomplish it
A Cooperative Building Association hal
IAeel pxeapized at Chambersburg, Pa, tn,
IoB,SF Il which i '.the Accumulated Of iuas
10y thbszzilgs q tbs members suiiicisnt :.
Jlep1bIs every stakeholder 20 invest his saw
!iDes speedily and salelf~ The number o
: shares at present Is avs hundred No per
sen can owa msns ihAn Ien.s hens&er tn
fund reaches $3.50 il Is to Vi paid aver TO th'
stockAolder who, 10 open neeting, offels tn
highest preIaium for is ana can gige ampl'
SECURITY. The promis1n goes into the tSea
sury, aud when the fund reaches the fixfe;
amount Che same process Of allotment is re
peated.
. CHAMERRsBURG TO I'm RI BUILT NJ Co-oPER
AzloN. Chambersburg is TO be rebuilt; il
citizsns have formed building ASSOCIATION
Non the cooperative plan. The object Of hi
n Ass1elatson is declared in lis constitution !
II be the dissemination Of fund By the saving
Of the members snfiicient TO eeAable ever,
stock holder to invest his savings safely an
speedily, and to purchase real estate, or 3
invest the same a. it msy be deemed by biz
most profitable.
II Any Pennsylvania Of legal age can bs
come member Of this association By buyin
single slare Of stock aud signing the con
, stitatioa aid bylaws. The number Of share
Is fixed for the present ut five hundred n
single person can own more than ten. When
ever the iund Of the association amounts /
/ $3.50, this sum is to be paid over TO III
siockholdsr who, in open meeting, offers th
. highest premium. The successful bidder
r required, however, to give ample security
Upon this point the greatest caution viii
used. The premium Of course goes into it
treasury, and when the fund again reach,
the liked amount the same process Of allo
/ ment is epeated.
a This form OF cooperation IS rapidly COZ
1 Ing into favor among laboring men through
: out the Northern States. We have recent
0 seen accounts Of the formation Of sever
Q such societies as this at Chambersburg. I
gel home is an ambition not le prais,
{ worthy than common, and cooperation ia q
2 easy and safe road TO its attainment.