The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1868-09-05
----------~ . 60
COOPERATIVE NEWS.

Success VI A COOPERATIVE FOUNDRY
The Philadelphia Press says:
About year ago q cooperative foundry
was established in Rochester after the plan
of those in View York and Albany. II ha.
proved = q It success Only Irifle over
Sic, 900 was paid in. The profits for ths
six months ending December, 10Th, were
", 302 80. A dividend Of II per cent. on
the stock has been declared. pay able 10 stock
and the balance las been divided J rata
among the employees, making to them 29
3-lOths per cent. on their earnings.
TIE German cooperative grocery store Al
Newark, established . ,esr ago. proves Ia
Dc . perfect success. The receipts during
the year ending June l., 1858, were So, 500,
the profits being ISL per cent. The present
average weekly receipts reach 81 900.
THE advantages of cooperation where
economy is desirable, are SO great that il il
a woncer that the people Of the South do
not put il more generally into practice. A
beginning has been made in South Carolina.
A " Palmetto Pioneer Co operative Society,"
was formed recently in Charlie AZ, and its
success 10 said TO be already es ished, the
Premises first occupied not icing large
enough for the rapidly increasing business.
-Montgomery Rcayxae-
In Baltimore, Md, there has been formed
Workingmen's Equitable Cooperative As
sociation, having for its object the establish
ment in all parts Of the city Of various kinds
Of stores, such 40 grocery, provision, hat,
boot aud shoe stores, for the benefit Of the
members. The working capital OF the As
ISOLATION il limited to 5000 shares ut %
per share, no stakeholder 10 have more than
twenty shares. Five per cent of the gains
arising IS TO be refunded to these members
dealing with the stores to be esta5lish1d.-
Persona TO become stockholders can either
pay down the whole amount az che time OF
subscription or instalments Of twsnty
cents per week, until the par value Of the
share Is paid
Co-oPERArIvE BUnDIsGs.-The particu-
lars were lately given 10 this column Of the
successful cooperative building movement
entered upon BY the working masons Of Ed
ingburgh, Scotland, some years ago when on
strike, and which grewto q permanent or
sArfxation achieving very importan; results
In supplying cheap and comfortable houses
70 the working people Of Edinburgh, in
place OF the filthy, badly lighted and i'll
ventilated tenements occupied by them pre-
yIously. The striking bricklayers Of New
York, We see, have started similar enter
prise. IL 10 70 be Q cooperative building
society on joint stock principles with lin
tied liability, similar to the Edinburgh plan,
ana viii contract for the erection Of build
Angs, stores, dwellings, DO, or repairing
them. 10 proposes t0 unite capital and la
Dor, and to give the building public tie ad-
vantage OF the cheapness o. procuring work
% hrst hands, instead Of allowing middle
men 20 make heavy profits o0s Of both cap
ltAl'sss and working men. "A days work is
20 consist Of eight hours; share holders
having preference oysr others in obtaining
work from the apeissy, bat no shareholder
to claim work il the company do not think
it advis-hle 70 employ him. The capital
stock y - 4l00, 000 IN 5 900 shares % $40
each, ~ . ~ paid - m installment, and
the remain4or wv four equal paynents, after
the Bod u Msnegsrs shall Be slected.
Each share y ~ - entitled 70 one vote. No
one 20 hold mole than - shares in his own
name. In all essential particulars the plan
Of this sosiefy 10 q counterpart 90 that or
me kdinbargh cooperative building society,
density managed 10 will have u similar suc-
cess.- Washington Stw.
n. FoRKr0N. -..sn.r $3.50
A C0-oPsRAsIvs Coal CoMPkxY.-The
ANNUAL general meeting Of Msssrs. Henry
Briggs, Son a Company (iimited) the pro-
prisEors Of the Whitwood and Methwood
coIliss1es, was bold ON Monday. 10 10 thei
6rst and only cencurn mapaged under q sys-
tenn Of cooperation between masters and
men. - ~ -
At the pitsov ], 200 hsnds are employ
Cd, and al who qualify themselves by keep