The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1870-03-05
COOPERATIVE NEWS

fHE Iron Moulders of Brooklyn intend
commencing a cooperative foundry at an
early day.
IHE piano makers of New York have
taken steps to establish A co-operative
fpIxnt manufsctoty similar 70 the mIe IN
Williamsburg. One hundred and thirty Of
these men are on strike against reduc-
tion of wages.
CAPE FEAR BUILDING ASSOCIATION
AZ the fourth monthly meeting of the Cane
Fear Building Association, recently held at
the City Hall, Wilmington, N. O.. twenty
shares were redeemed, fifteen at $50 per
share and five at S2S per share, being an
average of $29.5O.
A New Co-oPERATIvE MONUMENT
The German WOodcarvers plan of going into
the manufacturing business on the % -o1era-
tive plan is gaining favor, and action has
Just been taken by the Cabir etmakers and
Vanlshers to join them in this enterprise.
A joint committee has been formed TO pre-
pare plans for organization. The committee
is also charged to receive plans and PROPOSE
tons from outside parties, and the result of
their deliberations will lie submitted at az
early day to joint meeting Of the trade e.
NsaC York Star.
A BILL now before the New jersey Le-
glslature incorporates some forty-six per
sons Of Elizabeth, into cooperative com
Pany for the purpose Of carrying on the
trade of trades Of general retail dealers, pro-
ducers and manufacturers, in order to enable
its members to purchase food fuel, clothing
and other necessaries and conveniences OF
life, on the most favorable terms-capital
$50, ,000-to commence business with
$5OOC- A cooperative store was formed
In the same town over one year ago, with
the understanding that the dividends on the
purchases and on the stock were 10 remain
as additional capital. One years business
on an original capital Of $3.50, divided into
$50 shares, shows stock Of goods and
money valued at $700-an increase Of 200
per cent. on the investment.
FOREIGN.
From the Bee Hive PEI. 10TH ls7O.
ADELAIDE (South Australia. This So
ciety had . quarterly meeting it has 28
10 bers, and a capital ESQ has paid for
90, f10l, received for ditto E94-made
pront ELS. The committee have thus
been enabled to declare a dividend Of p. in
the pound. and 10 per cent. on capital BE-
sides allowing n per cent. for depreciation
Of fixed stock, "a per cent. to education,
and "a lis. to reserve fund The amount
Of business that has been done, for the two
years ending January 1870, is Els, ,426, ana
the profit realised elisa.
COOPERATIVE EMIeRATIOS To AMERICA
On the 18th inst, the Mutual Land
Emigration and Cooperative Colonization
Company held their usual weekly meeting
at the Eclectic Institute, Denmark street,
Soho. Mr.. Charles Murray occupied tie
chair. Mr.. Hazle addressed the meeting on
the advantages Of the above Company to
workingmen who intended to emigrate Mr..
Fuller next spoke on the same subject, and
exhorted them all to unity in the object for
which they were organized perseverance,
to achieve the end they had determined on,
and charity for each others falings. The
Secretary announced, amidst the hearty
greetings Of the meeting, the receipt Of
letter from their agent stating that his
health was better than when he previously
wrote, and hoped soon to be in the enjoy
ment Of his usual good health. IL was also
stated that arrangements had been made for
Mrs. Smith to proceed to join her husband
shortly, and resolution was unanimously
adopted, expressive cf great sympathy for
Mr.. Smith IN his illness. Mrs. Smith very
warmly acknowledged the great sympathy
which had been expressed for her husband.
A vote Of thanks to the ladies' who had ar
ranged the present. also teal party to MrA
Smith few days previous, was suitably ac-
lnOwledged by Mira Plewman, and an an
nouncement BY the Secretary that Co
operative store was being organised BY their
London members concluded very interest