, 1874-01-11

measure, fuu weight aud pure aft1e!e- IL otuGl
parts Of the town. where eonpetiou is the principle
Of rade a the preaching In Hochdae cannot produce
moral effects like theEe.
The official report for tho three months end
ing June 10, 1878, states the business Tor tina:
tiule at s3G0,985, and announces dividend Of
12L per cent. This
ENORMOUS BUSINESS
has been built up, =nd is now controlled. by
men who work for daily or weekly wages. They
haye saved themselves from starvation; have
educated themselves; have redeemed them
selves f1on sh1ftlessaesB and drunkenness. To
reap tlo came harvest, we Americans have but
to tread 10 the same path.
The Rochda!e Equitable Pioneezs' Society Ia
constituted IS follows:
The capital is in non-trapsferable shares OF
s.. and can bo increased to any amount; A new
member must be approved by majority of the
Committee and the members; and must agree to
take fire shares. He must pay an admission fee
Of rs cents, buy copy of the rules, and pay not
less than cents per. week. until he has
paid up his five shares. Until he
are credited to him IN part payment. No
person can hold more than 100 shares. Members
are liable ouly to the amount OF their shares.
The Society reserves the right to buy back shares
at par at any time. Memoers who ha7e more
than five shues can withdraw the surplus BY
giving due notice. There III d loan capital, FORM
ed by deposits by members. Interest il paid on
it. 1t is withdrawable at any time.
All goods arc bought and sold
FOE CASH.
in17 tule ~ uot p'o'eo cs 1ts eacsp.'on' 80 ~
nas none. 1ooos are 6o'a 81 ~ 1he mafhet tates'
ed as follows: The expenses OF management
aud the guaranteed interest Of per cent on loan
capital, arc paid; then d dividend (never
above per cent? On the share capital is declar-
ca tAe1 ~ per cent IL atioIteu ~ sne ~ Suuea
aon taha Nhis amounis 70 over yer; s3ooo pr
themselses and non. n.mempeEs IN p'Do,s;ton ,ao ~
their purchases. II one member nus bought S2o
worth, and another Slo WORTH during tue guar,
ter, the nrss gets t"lco az muen a4slueuu
az tne secono. noa.men9l as, T.; a'uus ~
halt rs much as member wonId. ihas; IN tne
quarter ending 9nne ~, lSIs "hen atslaeha ',o
OF 12a per cent @ "as decIafeu, a nenneE WIG IN,
had bought Sl0o worth OF goods "oula gel
Sl2-3o, anu non-memoea % e. Woo hao oouSnt ~ -
largely would get So.zo. 1hls system nahes ~
holder; aud yet. ho does rot wish to 40 tn1s'
Il maAes II his interest," 10 oug no e.
The dlTloeno on PURCHASES ls really lepa1e' auu
odera an approximate measure OF :[!e hoanc1a'
advantages gained oy memDe1snt', III tue quaf-
ter here referred to, the hhareholocf' SINCE tue
rebate was l2A per cent, paid the society seven
eighths OF tno ma1kes p11cc. ins - ony ~
approximate es;lmate, oecause tne co-opetas,se
stores arc prooao4y aoont tue oniy oues ~ 1o-
Eiahd lor tne "ofloJ "uele auu4le1aluu IN W
-
INTERESTS or BUYER AND SELLER 1SpESI1oAI'
and this can 20 oone only oY co-oIefatlon.
The amount OF each person . purchases Is tnaa
determlned: when anything Is soid the sales-
man g1yes the buyer ronua mo'all1c chech
stamped with the amount Eao. AZ tue eno o.
the quarter tue buyer o5inSs al the cnecAs ne
las fecelTed to the ofhce. 1heu amount Ii the
sum OF hls purchases. .
have gwen th's lengthy sAetch OF the tocn-
dale store because ~ lts rules aud ITS career u
rs rs i"r TYPE o. us CLASS. 1etNeen11 anu otnels
1neIe arc pus mlnor nneIences' oonie pag
higher, some lower, dlvldends on capital and
purchases. some have lever. some more ae-
paftments. eonae oesote more money 20 eaaca-
tlon' some less; very lew, none. from tne
peginnng It haa oeen managed " "olkn5nen:
les SUCCESS SHOWS american "oFalnSuaea "hat
taey can 90 II tneY wi1 out .rS. 1ne
sNlt sthvieE eorfL4 r.,. AsSoclAiios s,o ~
Of Lonaoh ls TYPE o. anosner clnss. II Is man- @
aseo Y ctelhs ~ tuo tf1 1e4 s4ee ~ y %. ot!1
am. Une OF lts tnt ee 1ouuue,s says u - III -ue
tof"'aA iof 9oiy, 1910: Allnoosu oately elens
Years oio, sno ~ ats con,41eucenieus nost nuln
DE- II 40" seal!us al eo9as ~ ooa q. nm, toe
enormous rare OF 1'ou,uog lso;s9o.oool =
year: ana las' recommending M .ne
rSlA1l traoe, n"' 9u Tn!s W LGnaon. pus y. .de
Who'o H,,l county. tns a. e.a1n @ nus 5 @
1AE AH5QClhlOIl = u!st 8lOIG MIS- AL uuuSe4 EQp-