The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-07-05
THE NATIONAL CHANGERS.
CONFERENCE WITH HON. THOMAS D. woR-
RAIL-, OF ENGLAND.

MEETING OF THE EXECUTIVE COMMITTEE
CONFERENCE WITH HON. THOMAS D. woR-
RAIL-, OF ENGLAND.
WASHINGTON, July A. 1875.
The Executive Committee OF the National Grange
nave spent considerable time in receiving and
considering the proposition of the English CO.
operators Tor q union for commercial purposes Of
the two bodies The co-opsrators are represented
by Hon. Thomas D. Worrall, OF Manchester, Eng
land, who Is the managing director OF the COM
pany which Is proposed as the bond OF union.
1t appears that the British cooperative
societies are not secret bo0ies, hence it viii be
impossible under existing circumstances for
them to unite with the Patrons, but this
difficulty has been met by the formation OF a
trading company, having the Endorsement and
support OF the united cooperative bodies In Eng
land, and fully organized under the English laws.
The propositions are to nave TWO branches OF the
society, In England and the other in the
United states, The Board in each country Is to
have the absolute control OF the lunds subscribed
therein and all 70 be used for the purpose OF the
international exchange oil commodities. The
All transactions are to be for cash or its equiva
lent. The British co-operators number lO0, 600
members; have over 1000 stores, some fifty or
sixty cotton spinning mills, about twenty -four
ing mills, an Agricultural and horticultural So
cle,y anu NUMBER OF anu,ncto n aGa OF
products. The FUNDS subscribed by the English
branch OF the company Will be en-
ploged in the purchase or ships, the
erection OF warehouses and the manu-
facture OF sucn articles as are IN constant
demand among the Patrons OF Husbandry. These
ships will bring the goods TO New Orleans and
other southern ports, aud TO Eastern ports If
necessary, and they desire the Patrons TO employ
their portion of the capital IN carrying American
staples and products to meet these ships and
thus 10 make the necessary exchange in the most
direct and simple manner. Tue co-operators
have large surplus capital which Is constantly
on the increase and which they think can be
ptodtably employed In this trade.
While each Dranch OF the company will have
control OF It's own aflalrs the two boards will
form council. who will by joint action decide
what branches OF business wall be engaged In ana
define the method oil conducting the same. An
American will be sent to Liverpool to watch the
Interests oil the Grange branch OF the company,
aud the English Board Will have like representa-
tive III New Orleans, wnlle the general super
vision Will be In the hands oil q manag-
lug director, already elected, and VINO,
though an Engiishman born, has been
twenty-three years In America. The proposition
is regarded with great favor, and 1t is expected
the subcommittee OF the National Grange, 60
whom the TaOle ma'e has been REFERRED VIII
The Executive Committee yesterday determined
10 send three OF their numDer-vz., Messrs.
Snankland OF Iowa; Chase, of New Hampshire,
and Jones, OF Arkansas to represent tne Patrons
OF Husbandry III the Cotton States Congress-
which meets IN Raleigh, N. e.. on the 18Th Inst