Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-07-10
a BIG COMBINATION.
Free Trade DE an Immense Bssis-T he
English and american Cooper
alive Movement.
z twenty-five Million Capital in The In.
Teres7 OF she GFsnEers-&ew OrIeans
sd American 1sepOt OF supply.

WASHINGTON, July 4.-Ths eXecu-
tive committee Of the National grange
have determined TO send three OF their
number, viz: MessTs. Shankland, of
Iowa, Chase, of New Hampshire, and
Jones, Of Arkansas, to represent the Pa
irons OF HusbsnGry in the cotton States
congress, which meets in Raleigh,
North Carolina, or the thirteenth in
slant. The executive committee Of the
National grange have spent considerable
time in receiving and considering the
proposition OF English cO-Operstives for
uniCn for commercial purposes of the
two bodies. The cO-OpeTatives are repre-
scented by Hon. Thomas d. WOrralI, of
Manchester, England, who is the man
aging director OF the company, which
Is proposed as q bond Of union. It ap-
pears the British cooperative society is
not secret body, hence it will be I'M
possible, under the circumstances, to
unite with the Patrons, but this diff
Guilty has been met by the formation Of
q trading company, having the encOur-
agement and support Of the united co.
operative body in England, and fully
organized under the English laws. The
proposition is to have TWO branches of
the society, one in England and the
other in the United States. The board in
esch country is to have absolute control
of the funds and subscriptions therein,
and all to be used for the purpose Of in
ternatiOnal exchange OF commodities.
The capital is twenty-five million dol
lars; all transactions are to be for cash
or its equivalent. The British cooper.
atives number five hundred thousand
members, have over one thousand
stores, some fifty or sixty cotton spin
ming mills, about twenty Touring mills
and agricultural and horticultural sOci-
cites, and such q number of manufactO-
ries of course consume large quantities
of American produce. The funds sub
scrIbed by the English branch Of the
company will lee employed in the pur-
chase Of ships, erection of warehouses
and the manufacture of such articles as
is in constant demand among the Pat
rOns of Husbandry. Three ships will
bring the goods 10 New Orleans and
ether southern ports, and to eastern
ports if necessary. They desire the Pa
irons to employ their portion Of the cap
ital in carrying American staples and
products to meet these ships, and thus
make the necessary exchange in the
most simple manner. The cO-OpeTatOis
have a large surplus capital, which is
constantly on the increase, and which
they think can be prOfitably employed
in this trade. While each branch Of the
company will have control OF its own
affairs, The two boards will form coun-
ell, who will, by joint action, decide
what branches of business will be en-
gagged in, and defining the method Of
conducting the same. An American
will be sent to Liverpool to watch the
interests Of the grange branch OF the
company, and the English board will
have q like representative in New Or
leans, while the general supervision VIII
be in the hands Of managing director
already elected, and who, though an
Englisbman born, has been twenty
three years in America, The PROPOSE
ton is regarded with great favor, ana it
is expected that the sub committee of
the National grange, to which the whole
matter has been referred, will report o l
Monday.