The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1879-03-20

profits are divided smouy customers in
proportion TO the amount OF their pu!.
| chssss.
5. Two and one half per cent. IF the
profits is devoted TO education. A very
valuable library belongs to the Rochdale
establishment.
What are the advantages Of a CO.
| operative store?
1t iii becomes me to follow the king
We are this morning honored by the
presence of the patriot and statesman,
Mr. Quincy, who is founding cooper
alive store in Boston. Loud applause.
L remember what his ancestors did for
New Englsnd and for the United States.
| Applause. But we are all agreed in
thinking that in founding institutions
here for cooperative purchase and sale,
and for co operative loans and banking,
he is acting quite as significantly as ever
his ancestors did, or as he ever did when
standing in the breach and teaching the
nation its duty concerning slavery. APP
plause. In cooperation is the opening,
/ believe. or certainly a wicket gate into
the path, toward the promised land for
honest labor. am no Socialist, but |
an labor reformer. l am in favor of
cooperation; aud when grave men with
the weight of mighty careers upon them
come forward, and in this city, not given
to running after floating bubbles, advo
cate these schemes that have had 50
much success in England and France
and Germany, | hope | shall be able to
defend them without being subject to the
charge of opening a way to socialistic
errors.
A co cooperative store, arranged on the
ROchdale plan, has these advantages:
l. 1t has no bad debts.
,. As all the goods are paiG for across
the counter, maximum of business can
be carried on with minimum OF capital.
3. No credit IS given, and none need
be received. Under a system Of credit
the poorest are usually taxed fifteen or
twenty per cent. 10 compensate the
trsdesman for losses incurred through
the dishonest. Credit leads to improvi-
dencs. The expense of solicitation o.
payment is saved by the sbolition of the
credit system.
1. The stock bought IS sure to he taken
by purchasers, and 50 waste and loss are
reduced.
5. Frauds in weight, measure and
adulteratiOn are provided against, and it
is from these that the poorest consumers
in ordinary trade suffer more than the
rich.
6. Efficiency and economy of time in
securing customers are secured.
7. Fair prices are the only ones posi-
bic.
:. All the larger expenses of ad7ertis.
in bill posting, ana OF costly show
windows, elaborate lighting apparatus
and nigh rents, are greatly diminished.
9. 4 spirit OF aelI-help is promoted
among worzingmen.
10. There Is divided among the CO.
operators the ordinary net profits Of the
retail trade.
Ine protective union stores, which
were IL vogue IT. parts of this country
lew years ago, are an altogether oIjersnt
affair rom tire R)chdale association. Che
method Ok conducting the former very
often Jed 10 disaster. Butt believe that
there will be, within q few months, a CO.
operative store n Boston, avoiding all
Iae errors OF the earlier establishments
called union stores, and gathering up all
the wlsdomot the thirty years experience
o. Great Blil2in N these establishments.
and putting on iO0C here in New England
soil this young giant, who may have q
career before MN all tie way rom the
Atlantic 10 the Pacific.