New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-09-22
COOPERATIVE ASSOCIATIONS.

II has been lately stated, both in this country
and abroad that the principle Of cooperation though
adapted for purchase and sale OF commodes ho'
suited for production The following particulars oe
rived from trustworthy sources OF two cooperative man
ufacturng associations in the United states sho" III
faIacy OF this assertion .
TROY COOPERATIVE FOUNDRY
s ia probably the oldest and most successful ooopera
tive IN this country deserves special notice.
The movement TO organize it commenced In the sprinH
OF 1865. few workingmen united their small amount
OF capita purchased SITE and then built founuery Oh
sufficient capacity to manufacture about nve tuhs OF
stoves DER day They actually began work on July DO,
1866 with IS stockholders and capital OF sls'oc ana
the foundery has In steady operation since, with
mora than the average The present mum
har OF stockholders is 65. with capital OF $4,000 Ihe
foundery now manufactures 10 tuns Of stoves per day.
and does an annual business OF about $25Ooo Between
30 and % men are regularly employed. Everything Is
working satisfactorily The stockholders earn as good
wages as they would any other shop and WORK more
steadily They are purchasing homesteads for them
selves and are accommodating the comforts OF life faster
than any similar number Of Troy workmen during tne
three years the foundery has been operation the share
holders have expended $4,000 in the purchase of land
and ia the erection Of houses for their private uses and
have increased the capital stock OF the Company o
fold partly from their surplus wages and partly from
the profits acorung from the business The oncers OF
the Company are simon F. Mann, President; M Farrell,
Secretary: D. Corners, Treasurer, and Board OF IL
Trustees
CLEVELAND COOPERATIVE STOVE COMPANY.
This is also congratulated association. The idea
or ginaed with few molders employed in the different
stove manufactures OF Cleveland. constitution was
and the temporary Board of Directors and
other officers elected September. 1887 chartered
October 1867 permanent officers, consisting OF seven
Directors President Secretary Treasurer and Auditing
Aof
jan l. 1863 The capital stock limited 10 s25O.OOo
The building was commenced January, 1865 and com
Melted April 1868 at cost OF $1,000 The site consisting
OF a acres being given to the company for foundery
purposes The amount merchandise sold during the
first eight months OF the companys existence was $4,000
the construction expenditures for the same period Deihg
81 900 The present number of members is 40. The
total paid up capital 10 date is 81 S00-an increase OF
$500 since jan l. 1869 and there is prospect OF in
the capital stock the rate of $4,000 per
s long as desirable The net earnings for the first eight
months $28O l0t per cent on the capital stock
issued This added TO the capital and no
dividend paid The success of the association has been
far better than originally anticipated The cooperative
principle works advantageousy and smoothly The
principal officers are President, j. ~ Walsh Secretary
and superintendent W. W. Baldwin, Treasurer, p. McNa
mara
COOPERATIVE STORES AND BUILDING SOCIETIES..
The workmen OF the Chicago Rolling Mills formed
Land Society last october. numbering IS members
with % shares Of so acres to be paid for In install
ments Of o. per month The subscriptions ne fast as re-
ceiyed were deposited in bank at per cent interest
and leaned to members TO build buy lots upon good
security No purchases Of land have yet been made by
the Society but the prospective is good. The Sc
cretary H NJ Mclaughlin remarks that: Cooperation
would be more successful in the United States among
workingmen II they could only remain long enough IN
one place 10 achieve object. Employees in the iron
trade in particular compelled by circumstances TO
move from place to place, and this will In meas
ure account for England being far ahead OF us in CO.
operation"
Cooperation is gaining ground even in South Caro-
lima. palmetto Pioneer Cooperative Society" has
been formed at Charleston for the sale OF goods The
first report shows remarkable degree OF The
store originally occupied found too small 10 accom-
mOdate the increasing business of the Society and a
larger one has been rented. The workngmeh Of Bsti
more have founded several building associations and
sewing machine society The members of the latter OBJ
tain machine by the weekly payment Of q small sum,
and large number OF machines have already been dis
trtbued. The latest 10 the formation OF
Equitable Cooperative Association for the
stores for the benefit OF the members The working
capital Of the Association limited to 5000 shares at "
per share stakeholder 10 have than 20 shares
Five per cent OF the gains arising from the capital to
be refunded to those members dealing with the stores
10 become stockholders either pay down the
whole amount at the time OF subscription, in Install
Of Is cents per week Several OF these stores
operation and doing we'll There also cooperative
stores in Great Falls, South Berwick. Rochester and
Salmon Falls In Maine and New Hampshire.