The daily gazette., 1877-10-01
Gtaaua
New Castle Letter. :.
WORKINGS OF THE co..
a., OPERATIVE STORE, ETC.
From Our Regular Correspondent,
NHw n errl Dot

rNL - d
From Our Regular Correspondent
49, ettdj NEW CASTLE, Oct. /.
Geo. w. Duncan, one of our energetic
young carpenters, has nearly completed
the wood work Of three two story brick
houses on 10th street. f 'l
At the last monthly meeting of the
fTasker b. & l.. eAssoci alton, $2000 sold at
b26 per cent. premium. ..
AT st. Peters church, yesterday, a i
large congregation witnessed the admin
istration of the rite OF Confirmation to
about 30 applicants, and listened with
marked attention to two very able dis
courses by Bishop Becker. Evening SER
vices were held at TAO, when the church
was again filed to its utmost extent
Jas. B. Scott delivered the morning dis
course at the M. E. Church, yesterday.
Yesterday q party named Williams was
before the Mayor. charged with disor-
derly conduc, and persistent corner
lounging. With that affability for which
our chief magistrate is noted he at once
read him the ordinance. governing such
cases, and with a smile remarked that
the usual fee for such literary effort
was IS and costs, which so damaged a So
greenback that the remainder was only
| fitted for a church collection.
Faulkner. the Pearl street shoemaker,
being notified to vacate his building, on
Friday evening, at once purchased a
building on South street, near the Rail-
road, which he Immediately moved up to
a point nearly opposite his old location.
During the pest week, we bave noticed
in the GAZETTE that efforts are being
| made to start cooper alive store In Will
mington. Here we have had one in sue
| cessful operation for the past year.
Wishing TO ascertain few facts in re-
gard TO che matter we called upon Mr. +.
Il af fb.Nd di,,.a
explained its workings.j
| The association was chartered by the
lest Legislature, and began operations
with capital of about $400 in shares of
| S5 each.
For the sum of $40, they purchased a
1 small wooden building which they moved
to the icornor of 9th street and Washing
ton Avenue,th use of the lot being given
them by Mr.. James Shaw, proprietor of
the Triton Cotton Mills.
| With unremiting patience and by work
ing after doing their days labor, they
were soon ready to begin business. A
clerk was employed and the NstOck-
holders transferred their custom to theiI
own store. Soon others come and the
little store in a few weeks became
hive of industry. During the last month
(Septemberj the sales footed up the snug
lsum of $500. From the first days we
lacked friends or funds; our efforts have
been based upon our motto, defence
not Defiance.
They now supply coal, and during the
last quarter have sold over 400 barrels o.
-four. From the foregoing some idea O.
their progress may be judged. As TO it.
working, continued MIR. Barber, it il
simple, and as an illustration will begil
with the the fact that cash and for casl
, only do we buy and sell and to the buye
drawback of 3 per cent at the end o
each quarter, and have declared divi
dends of per cent to the stakeholder
and placed 10 per cent to the credit g
= the sinking fund. And in order that
>, may be still clearer 1 will instance on
i Customer who purchases will averag
: s125, per month making $575 for tn
!, quarter. A drawback of 3 per cent woul
2 amount to $11.25 which we pay in money
i goods or in stock at So per share, and i
e this manner this customer has becom
e possessed of quite a numbe of shares
3 After giving q number of cases he cor
4 tnued saying that cooperative store
j run in the name of the people with tn
}. people left out would never succeed; bu
where the people were the intereste
n parties, where the shares were held L
small lots and well distributed, failur
y was not to be thonght of.
! y These in your city who are moving i
this matter would do well to look int
s the working of this association and W
t feel assured that in Mr. Barber they wi
! find gentleman well able and willing t
' Iexplain its most minute details.
Il