The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1869-04-03
COOPERATION.

The spinhers Of Fall River have formed
Cooperative Association, and opened a
store. They commenced operations with
$50 the second month the sum increased
10 500; this month 1t has advanced 20
$500, with the prospect Of doubling 10
the next 80 days.
AZ recent meeting OF tie First Union
cooperative Building Society Of New
York, the following important resolution
was unanimously adopted:
''That no more tnan $3.50 premium for each
81 900 shall be exaeted by the Society, pay
ment for the same vita priacipal to extend
over space Of ten years but should member
be willing 20 give more than $zs0 premiumi
the sum over aud above that amount to be paid
ia cash, ten per cent of the amount Of cash
premium when the bid il accepted, the balance
within three days
An amendment was also passed allowing
members to build within radius of twenty
i've miles from the. city Of New York, 10
place Of ten miles.
Horace GREEDY delivered lecture on
Cooperation at PA Bowery, New York, on
Thursday evening, March 18th. At the
conclusion Of his lecture the speaker said !:
de first became interested in this system 9
number OF years ago, where party Of men
combined and purchased homesteads at
Mount Vernon. At that time lets were
purchased for $500 per acre, now these
same lots could not be obtained for ST. 600
per acre, and the land i increasing ia Valge
year by year. Now, here were the building
associations Of the presen: day. Their gen
eral idea was to let every member have o
home. One gets bis home this week an
other next week, and 10 process Of time
each member Is the owner Of bis home,
AID practically be pays, in 6fteen years,
fJr home, which he would have paid for
! rent. The great fact wherein be valued
these associations, was that they ,each man.
kind the beauties Of savings. There was a
I great deal said about the hardships OF the
present times A great deal Of these o. q
eompiained OF arose from de want of a.
gaifty on the part Of the working classes.
he believed, 6h things considered, labor
ing man could get better living nov than
be could forty years ago. He wanted to
see iaooring men more frugal. Let them
save money and not put il into The rum
sellers till. One OF the benefits to be Dc !
rivri by the laboring men from bank ae.
/ eOnnt, lies in the fact that he would be
better able TO encounter strikes whenever
! they might arse
Washington is to have a new Building
Association. Ii is the intention 10 iorln an
association 10 loan money at as near 8 per
cent. as possible, and also to invest funds
IN the purchase Of ground and the erection
Of dwellings for the members
FOREIGN.
ARBITRATION INSTEAD OF SrRIKRs.-An
/ important conference vas held at Darlington
Yesterday, between the ironmasters OF the
north OF england and representatives OF the
workmen. The object Of the conference
vas to discuss the desirability Of establish
ing courts Of arbitration in the mort bern iron
trade district, and 50 prevent the peri odical
disputes and strikes which have been 50
disastrous to both masters and men. A
claim for an advance Of wages consequent
on an improvement ia the non trade has
'Stely been made ~ the men, and the men
in one or two ms aces, We believe, suggest
ed courts Of arbitration The chef manu-
facturers, at meeting held at Newcastle a
week since, fell in with the idea; 10 fact,
made proposition for the present meeting
There was pretty full meeting, most Of the
works IL The north Of England being repre-
serted. The increase Of wages asked for
was refused for the present. A joint com
mittee Of masters and men was appointed to
draw up rules Of arbitration and cancellation.
Corr Examiner, March, 4.