The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1868-05-16
COOPERATIVE EW3.


Cooperation ON the Continent.
The cooperative societies Of Paris are Of
three descriptlons-co- operative manufact0-
rles, cooperative storss, and cooperative
| banks. The latter formed as aids to the two
| former. The manufactures date back to
| lS4S, the FIRST few having been 0egotten of
| the ideas current in the revolution Of that
year. They now nun Der 90. and comprise
| workers IN metal, stone, wood, aud woven
fabrics, engravers, painters, pisno-forte max
ers, tailors, and LranslAtors. Their constitu-
| tions, and the rates pT0portioned to capital
| and labor, vary. Among the Oldest Is the
1 Society u Masons, known rs Messrs. B0uyer,
/ Cohadon, Bagnard d Co., who are the man
aging directors. There are 81 members, Of
whom , are outside capitalists and go share
I holding workers. In addition TO these there
arc 300 laborers employed, who are not
| snar sholders, but mas become 50 after work
! ing four months for the Society. They sim
( ply receive daily wages. The capital IS 400,-
600 francs, 4nd the yearly business ten times
that amou~.. The managers each receive a
.txcd SALARY, and benefit out Of profits, both
on their capital and their labor. The ~
working shareholders have sixty per cent. Of
the profits divided among them IN proper
tion 70 their earnings, and they, with the
outside capitalists, receive the other four
! tenths Of profits in proportion 10 capital in
vested. The business being well conducted
and very profitable, all are fully sitisfied.
I The next most important company Of the
sind is that Of the Spectacle Makers, consti-
tuted on much the same principles. Ii has
thirty membtrs and 200 nom shareholding
workers. Its dividends vary from twelve to
eighteen per cent. The society Of IRON
| founders employing hundred men gives six
per cent. q G-rital, one tenth of profits 70 a
! reserve fluid, one-t~entleth TO the manager,
one-tenth to the n-snareholding workers,
and the remainder to working shareholders,
in proportion to the amount individually
earned. The remaining societies, though OF
smaller scope, present more or less equally
tiattering statements proPortionate to their
size. Cooperative stores FOR supplying food
are still more numerous.
RocHDALR EQUITABLE PIossBRs' Society.
The following report is Just issued The
Committee of Management have pleasure in
submitting for your perusal statement Of
the society's account for the quarter ending
March l7th, 1868, which 1t is hoped will be
found satisfactory. The number Of members
steadily increases, and the assets are 9l36,-
9I2 us. o. You will see from the annexed
report that the total amount Of cash received
for goods sold this quarter is ET4,2S0 As.
SID, being an increase on the corresponding
quarter Of last year Of e., 074 l3s SID. The
sales at the central stores and the branches
are as follows :--Wholesale department el,-
947 los. 3D., retail departments at the cen
tral stores G20, loo los, total 22l ,957 Os. cd.
The sales at the branches are Oldham
road 96,557 IS. ID, School-lans ca, S0S
las. 7d., Whitworth-ro4d 1860 los. I'd,
Pin-fold e6, O57 AS, Spotland E5, 4l6 Is 4d.,
BAmlord e, 81 IS. 20 /, Wardleworth ga
sill 95,743 3s Cd, Shaw Oiogh 81, 1856 IS.
lid. total sales AZ the central and branches
ETA, $50 As. 6td. weekly sales at the CEN
trail e., 500; weekly sales at the branches
"a, 032 Is. Cd. weekly sales at central and
branches R5,72l Is. %. The proft to d.
vide this quarter Is 9l0,b94 lis. SID, after
allowing 81 asa los. Sd. for interest, E67l
Is. 1Od for depreciation OF fixed stock, and
and CHA las. Cd. for the educational fund
will allow dividend Of %. 3D. in the &.
Daring the past quarter your committee have
contracted for the erection OF "a cottages on
the LarkAeld estate, and with the grant by
the quarterly meeting Of 100000 they pur-
pose 10 purchase OF oultO oWeiitnk muses. IN
other partse of the town."
VIZ feel much pleasure to find that the
advice we gave some weeks since has been
taken and acted upon, and that the two CO.
operative building companies forming 10
LONDON have, in practical spirit of cooper
alton, united their forces together. and win
from hsEceforward 20 on ~ one body. This
union will give increased efficiency to the
movement, aud there can now be no doubt
Of its success.
We are informed that the cooperative
store in Providence. Pa, under very iudici-
Gus management, With capital Of % 1888,
made, during the last sir months, . per con-
tage Of eighteen and one-tifsh On capital, and
Eve and a-haK On purchases and capital CON-
bined. Most Of the toms in tho interior Of
our State have taken hold Of co1oYsrstion
and in most cases the results have been the
reverse Of what iis enemies predicted.