Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1871-02-24
CIRCULAR
or the Society Of Issus Of the Septen-
NAL Institutes Of the
Order Of Seven. ef

series of objects, constituting In the
premises new and original system oil
cooperative industry, commerce, indus
trial education, and assurance of per
sonal benefits accruing therefrom-the
first and leading object being Protec-
tive Union, embracing all classes OF
protective labor, in order to obtain the
following named results, to-wit: t.
LIST. Uniformity of the price Of labor
on the basis of mutual interest in the
products of industry between the capi-
talist, employer and the party employed
by their joint ownership Of the products
Of cooperative labor and of the bene-
fits accruing to membership and to tho
investment of capital in the Order of
the Seven, aaIa
The benefits accrning to members Of
the Order are as follows:
LIST. Uniform skill and increase of pro-
ductiveness of labor, owning share Of
the products and proceeds of industrial
enterprise.
I'd. Uniformity of the prices of labor
the rates of industrial compensation be-
ing reduced to given standard. (See
page AZ of the Bylaws of the Order.)
Sd. Uniformity Of value on articles Of
merchandise, the. cost of raw material
being given; also the cost Of manufac-
ture, including production and per cent
age added to. a given per cent. on trans
portation and commission on sale. The
results being uniform value of exchange
within the general association of co-ope-
rative industry.
4th. Accumulative value on capital in
vested (the mutual interest being bonded
on real estate securities) consisting of
mines, farms and manufactures, and
improvements and investments in build
ings instituted and employed by the in
corporated societies of the Order, for
furnishing labor by system of assurance
and the education of apprentices in the
generic and multiform processes of the
industrial arts. The capital invested in
such system of assurance having an in
crease of productive power in the ratio
Of the advantages to be derived from
said system by the common classes Of
labor--the employed having combined
interest in the results of cooperative
industries and the development of indus
trial resources.
9th. Reduced cost of the means of
subsistence and of domestic wares re-
sulting from uniformity of demand and
supply, and fixed values for given periods
within the circles of the, Society, gives a
surplus of capital to be invested in the
mutual and productive benefits of the
Order; thereby developing the resources
and increasing the wealth of the general
confederation of industries
All the money paid to each branch Of
the Society and invested with all the
different branches of said Society of in
dustrial, commercial and educational
interest going to make up society fund
or revenue upon which, after deducting
given percentage for canceling ex-
penses. of said Society, is made up the
dividends pro rata to the amount of in
dividual investment.
In conclusion, we will only remark
that the Society has only for its object
the welfare and prosperity of every grade
of society, particularly the laboring
classes. Therefore, we earnestly invite
all those DESTROYS of becoming further
acquainted with our objects, to call at
our Office, at Rocco Hall, corner of Sec
ond and Madison streets, any day frsm
8 A. NJ, to P. NJ.
Thomas Bacon, 80 North Court street.
X. L. Dalton. b.
j. j. Suter, 2S2 Second street.
E. Whitmore, Ledger Office
o. F. Prescott, Dealer in Oils, etc.,
222 Main street.
l.. s. Burr, 1879 Union street.
5 ]. r. Robertson, Attorney at Law, 269
DeSoto street
Whitaker & Bardsley, Wholesale Gro
GERS, 30 Madison street.
c. s. Cooper, U. S. Surveyor of Gus
toms, A. Madison street
H. W. johnson, Al Madison street
A. B. Newkirk, Internal Revenue As
SCISSORS Office.
D. A. Mc0mber, Internal Revenue
Assessors Office.
Daniel Reed, City Gauger, Walker
avenue, Fort Pickering.
Mrs. A. NJ. f. Logan, ITO Monroe
street.
James S. Roosa, carriage factory, "a
Jefferson street.
S. Wolf, grocer, l3l Poplar street.
Henry Nolan, painter, 81 Jefferson
street.
Mrs. Thos. Kelley, 242 DeSoto street
Nathan Bailey, paper-hanger, Second
street, near Madison.
Aug Larrentree, paper store, Second
street, near Madison.
A. w. Taylor, Irrelevant street.
A. D. Witherspoon, Appeal office.
E. W. Parsons.
G. L. Dennison, corner Monroe and
Front streets.
A. E. McNeir, corner Monroe and
Front streets.
M u E.J.-. o4o cooo..l ....