The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-08-25
THE COOPERATIVE STORES OF NEW YORK.

Anh CVsUfExAIIvE OIOkkO VI NEW XOBks
>~~~~>~~-~.>o~~~~~-~.>>~~ 81
TIE Manhattan Grocery Store, the Manhat.
tan Building Association, and tho East
Side, or Union Cooperative store-Their
Institutiop, Working and Plan OF Opera.
tiou. ttNT ae Vat
For months past the HERALD has been urging Upon the
czens and artisans Of New York the necessity there
for forming cooperative societies to resist the en-.
croachmens and high prices Of The retail dealers Of the
city, and for months past these peadings have been
urged in vain. At length however the voice Of reason
has prevailed and the HHRALDs advice been attended
TO- within the last six weeks which time has elapsed
since exhaustive article the cooperative system
appeared In these columns less than three public and
seasi institutions based that plan have been es:ab
shed in New York. and are now In WORKING order; and
besides these many other kindred but private assoc
lions Of similar nature have been formed and pro-
crossing enthusiastically The cooperation system has been
already thoroughly ventilated In the HERALD that
little remains 70 be said on the subject generally II has
been completely established In England and Germany
and found TO work well In bohshoss countries The only
wonder is that II has been neglected long in America
country which for It's republican principles and ton
denotes 20 we'll qualified for the Institution Of coope.
ration in every branch Of domestic voli ss political
and financial economy. Here the very soul Of FREQ trade
has It's being and free trade, with sl is advanlaees
has loose points which only cooperation can work
against. Led on by excessive taxation, manufac-
ture and retail dealers price their articles an exces.
sve rate, which 10 hard for the consumers 10 work
against separately and singly. By cooperation, how
ever these high prices may be successfully combated
and the necessary articles required either - food or
clothing for domestic consumption DO procured a
fair price, instead Of having 10 be bought at their present
extoronats rates, which are raised lowered merely
ct the will Of the retail dealers without any reference TO
their actual value % Y the principles and practice Of free
trade. Our citizens win ind In ther HoSsShoid economy
Is well ~ in their political creed that n union there 10
strength" .-aE fa r rsw go
Foremost among thee freshly organised institutions
to which the rssnt article specially REFERS may be de-
gcrioed hs "Frss Manhattan Cooperative Grocery
ssogsr a. the first established and besides,
Il smbodies perhaps more fully than the others the
gs Of the remarks already urged the subject Of Co
operation In these columns at.- s|.
I'm FIRST MANHATTAN co-orERAnvr GROCERY STORE
has been established under the Of the Legislature 10
regulate such Institutions and starts with capital Of
s. 0oo divided into shares Of 50 each. The principles
Of this store arc to supply It's members with groceries
provisions wood and coal Of good quality and Of just
weight and measure at fair advance nrst cost ana
from the profits Of the business 70 pay quarterly
dividend In proportion TO each members trads
with the store. II will bs seen from shis pre-
ambls that apart from all other consIdsrasions--
such the smaller cost Of goods, BY getting them
nearly q Wholesale raiAs-sach member Of The asso.
citation recevss profit In direct proportion TO his pur
dound his credit Besides this the drsc,ors agree to
allow eight per cent per interest ON ever fully
paid up share 70 commence fifteen days after the store
Cooperative Grocery Store president vice prssi
dent secretary treasurer three trustees nine drscor
amount Of oa.
the society can have claim them should they abuse
S' ' sdTqSs y 70 and 2, The d;s
onsrous position a. he has TO make oil the purchases
Of foods required for keeping the store supplied and
'tricks Of tradsi-so that the members shAll have
bona fde good articles for their money.
Was held on ~. s o. JSne .s and now
may DO said to be firmly established The capital
wanted 70 commence bu.nes on. 81 Soo.hss been
instalmsnt Of $4,000 required under the articles OF
association. has also been. nearly comple.ed- The
ns Of he Ss: BEEN a
the Sixteenth aud Twentieth warda adjacent TO Seventh
Ali appears, therefore, 70 b. well with the FRS, Man.
haitian Cooperative Grocery store" and II 10 10 be
aud policy among our mechanics and artisans thai il
will have prosperous career
rHs mAxHirrAs co-orKRArvE LAND AND BUILDING
AssocrArroS
Ii another OF these institutions which goes a
extensive scale than the former. involving greater
amount Of capital and intending TO allow and enable
each Of 10 members 10 become bis landlord
Instead Of havine certain fixed number Of shares as
the former association, the funds Of this buildng So
csty can be increased at the will of the members or
shareholders, until large amount OF capital shall have
accumulated. Each member has TO pay entrance
fee OF ny cents on every share taken by him. and In
addition weekly subscription OF fty per share.
As soon as the funds Of the society shall have sccumu
lated to the amount Of 81 900 there shall be appro-
priatou made for that sum to the member who
shall either have bought such right Of appropriation or
shall be entitled to u in his regular turn. according 70
the time and order OF rotation OF his standing on the
books OF the socey For instance the working OF the
co-oporasors psursn be thus Explained John browne
ono OF the hrst members that joins the building assoc
ton; he has paid an entrance fee or my cents and
weekly subscription OF hfty ccuts ever sirce be Joined
the society which " composed say, Of two hundred
members. Al the end OF nine weeks II will be found
by the accumulation OF the entrance ices and weekly
payments OF these two hundrsd members, that the
building society possesses 81 600 and then John brown
by reason Of his being the Grst member or on OF
his paving twenty dollars the privilege, ~ voted