The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1876-11-22
acknowledgement
COMPARATIVE MONEY MAX.
ING.

uov 10 Make Profits by Co
oneratiou in Business--A Sim
ME and Natural h0dus Oper'
nndi.
S,u York TIna.l
In the Tines Of November 5, References
q, made TO the high prices charged FOL
III ia this city, and it was suggested
ib,, the purchasing public would do vel
IN start q cooperative society, and to
ave something OF the butchers profit
n, themselves. II is perfectly vel
known tina. cooperation has been n fail
are 10 this country. There is only one
jpiibu,ive cooperative store in this
sity and that is owned exclusively by
,icb people. Now, such a society, il
ri,h,ly constituted, ought to be asucceei
ipthis city, and It may be worth while tc
point out the correct method OF forming
lad conducting cooperative market.
There are two systems Of distributiye
cooperation, the London plan and the
Yorkshire plan. In the first, on which
The Sixth avenue store is founded, neither
interest nor profits are paid. In thu
Yorkshire system interest Is paid on the
capital, and the profits are divided among
The purchasers. The London stores seek
orly to sell cheaply, without regard 10
Tie market prices. The Yorkshire CO.
operator is wiser, for he conforms to the
late Of the market, and pays both divi'
lends and interest.
Suppose it ia desired to open \ market
on the Yorkshire plan in New York,
The first step will BE- to call a meeting Of
all persons, housshoIjers and others, who
are interested in cheap beef. Having as
semblsd az many people as possible, pro.
pose to them to unite in forming Joint
stock limited liability company, for the
purpose OF buying and selling beei. Put
The shares at not more than S. each, and
limit the number OF shares to be taken by
one person TO fifty. II enough persons
can be found to take up the required
capital, let them organize and choose a
President, Secretary, Treasurer, two Au-
lii9rs, aud small Board Of Directors
ireu among themselves. In this election
give each member, man or woman, one
vote only, without regard to the shares
they may hold. Having organized on
taii basis, let the Directors issue the
,sl'es and make the first call on the
,lpital, which ought not 10 exceed 81 on
: share. Then let the Directors, wi Il
Tia noney, buy out some well.establish.
sln4tket and place in 1t, under 4 sufsici.
EFT salary, a good business manager
HlTins secured the right man give him
G6cient money to open the store and
d!rths business.
Ia the meantime let the Directors pre-
pve large number Of tin tokens,
,Auped with the name Of the society and
rHiOu. sums OF money-twenty.fiye
Sau, Fifty cents, one dollar, &c. Then
sPsn toe market to the general public,
members and any others that choose to
some. Compel every purchaser TO pay
eph down. and when be pays give him a
an token representing the amount of his
p1'calse. Let the prices Of the goods be
sIIetly the same as elsewhere, and give
The inns alike to members and non-mem-
oen, Al the end OF the first three months,
lie directors should make out 4 fall re-
PaHoi the business for that time, with
bAlsnes.Iheet showing every detail OF
iAs business, wages paid, money spent
io' goods, rent, taxes, lights, carriage,
g. and the cash receipts. This report
Isj balanee.sheet should then DO read
ssioa public meeting Of all the stock
FOLDERS, together with the report OF
tss 'Ocietys auditors. II the business
sAbeea properly managed and the mem
sr haye patronized their store, there
.aould be surplus over expenses. This
EtO6t should then be ordered BY the
.tOtkholders to be divided rs follows !:
Fiat pay interest on the paid.up shares
'of The quarter; second, two or three per
cent Of the remainder to a contingent
trndi third, bonus on the members
purchases; tourthly, a bonus on non
members purchases. That Is, divide the
surplus, after paying interest and con-
itngent fund, among all the purchasers.
Let each member bring in his tin tokens,
Ind give him five, eight, or ten cents on
every dollar they represent, as the profits
'ill allow. II the shareholder has paid
aphis shares in full, give the interest
lad bonus in cash. Il not, credit his
iaAfes with the amount, or enough 10 pay
iss'aaFef and let him have the balance
aeA'h. II the non.member presents his
hns, pay him his bonus In cash.
At hi' meeting one Of the Directors
TiIl retire from office, and the members
a! teseleet him or choose another, as
ley zee ct. The shareholders will also,
Aids meeting, vote to give the Direct
'n'uSh pay as they think proper. To
aNalte what this remuneration should
e tie stockholders should have q full
A%nent from the officers OF their at
l'aiIace II the Directors meetings, and
q Toting on this matter q lump-sum
'ss0Id bs allowed, and divided among
ssS all according 70 their attendance
AsR meetings. At the end Of the
Ell quarter let the Directors make an.
gss, report let the auditors examine
" books, and then let the whole BUSH
go Be laid before all the stockholders,
: lie society prOspers, divide the sur
ESi, After paying interest, working ex.
fssis, wages, and contingent fund,
,aoNs The purchasers, giving the mem.
=, I'm least twenty per cent, and the resi-
% ne non.nembers.
.as plan is extremely simple, but its
H'Aatasea are very many. First, the
sffs are low, and transferable, and may
"aSht up by the society, II the mem
Nuhes TO withdraw. Second, the
,sSa earn Interest and the purchaser
~" much Of the profits As the trade he
S9a will entitle him to. Third, The
, - Is simple and easily managed
4 Y on q cash basis, Fourth, ,hG
,eaaldeFs rule the society, and the Di.
,Ssot' are their servants and subject &c
- pay a the stockholders think they
,,'M e. Lastly, the general public, hay.
s,I.anised share in the profit, will brins
a. so the market and help the society &
sood dlvidendS. In such n soctety
~ can Be no buying IN Of control
Ia'S the shares have no yotes III.
/, S Yen cannot steal or waste much o.
~. aetyb property, because The state,
al ND stoekholders' meetings follow
ii eaes quickly. Their term Of of;cr
al Is At the will Of the stockholders
sS.S must attend to their dutieS o,
An G & pay and place. The genera
N, !, aading that the lin tokens paiC
S Nv counter at every sale haze !