Vermont farmer. [volume] (Newport, Orleans County, Vt.) 1870-1877, 1875-10-15
A Noble Enterprise.

We copy the following account of the
Springfield Industrial society, from the
Woodstock Standard. This is grand in-
stitution aud should be initiated in every
place where practicable.
There is an association of young persons
at Sprinfeld, VT, known as the Industrial
Works, that furnishes all its members with
work at fair wages aud pleasant home at
small cost, which is meeting with q success
so marked as to attract the attention of all
thinking people. The members Of this asso-
citation are all young people who are willing
TO rid themselves Of all bad habits, work
steadily, dress economically and save por-
ton of their wages no others are taken,
All the men who join are required to furnish
small amount Of capital, and to save one
fourth Of their wages, which must be invested
in the capital stock Of the association.
Women are not required to furnish any cap.
ital 10 the outset but must save one-si xth Of
their wages aud invest it in the bu siness
Those who do not comply with tho require
ments Of the association are expelled, and
those who wish to leave can do so at any
time, and can withdraw their capital by Civ.
ing SIX months notice. The wages paid to
each member is fixed by board of directors
and is proportional to their skill and ability.
They have large dwelling or home where
the members live and enjoy many privileges
aud comforts not usually found in families
or boarding houses All pay moderate
price for their board from their wages.
They have two new factory buildings, aud
good water privilege aud considerable ma.
chinery and are engaged 10 the manufacture
of toys aud house. furnishing goods for which
they ind ready sale. They commenced
business year ago with five hands aud are
now working forty.fve; their sales for last
month were over three thousand dollars,
their pay roll for the month was over twelve
hundred dollars aud the saving Of wages
which was added to the capital Of the com.
pany was more than three hundred dollars.
The average amount saved from the wages
of each man in year is one hundred aud
| fifty dollars and Of each woman fifty dollars.
! Many Of the members have saved much more
than this during the year, but this is all that
is required Of them. The aggregate amount
saved by the present company in year
will DO nearly FIVE thousand dollars By
continuing 10 this course a few years the
capital Of the company must become very
large and the savings of each member a
respectable competency. The advantages of
belonging to such an organization as this to
young persons just starting 10 life, are numer.
Gus and valuable and are appreciated by
those who enjoy them. 1t is the purpose Of
those engaged in the enterprise to increase
their numbers and business as rapidly as
their accumulating capital will permit with
safety and they expect to be able to employ
a hundred hands by the close of another year,
and to grow up an institution where every
intelligent young person of good habits who
wishes, can find constant work at good
wages, comfortable home, good associates
and place where they cannot fail to save
money, and where they will learn to live in
accordance with the laws of health and
nature aud thus secure permanent happi-
ness and conteDtment. When every town in
the country has an establishment like this,
much will be done towards solving the prob
lem Of how shall pancs, prostration in bust.
ness, and poverty among the working classes
DO avoided.