New-York tribune., 1880-02-28
SAVING MONEY IN SHOPPING.

A COOPERATIVE WOMEN'S STORE.
MISS KATE FIELDS pLANs-A COOPERATIVE DRESS
| ASSOCIATION TO DE FORMED IN THIS CiTY-THE
MEEIING YESTERDAY.
A movement is on foot among q number OF
women in NewYOrk establish cooperative store in
this ci;y upon tie plan of the now successfully cx-
sting in London Miss Kate Field, during her visit
abroad thorou gly examined the workings of this, and
when she came to this city, about six weeks ago. II was
with intention OF doing something toward establish
ing similar mere. at some future time. She found,
however, that tie matter had been thought Of by per-
| Sous here and that the London company had looked
over the ground and had decided that here fine
field for branch be established by it. Miss Field
teroupon began active measures to secure for Amer
| cans good business opportunity.
A preliminary prospectus OF the enterprise has been
prepared but has yet been put before the public.
1t sets detail the Plan and purpose of the asso-
CATION which called TIE Ladies C0ODcraive Dress
Assocation" 1t is organized under the laws Of the
state with liability limited to the amount Of the sub
scrpton The capital is fixed at S25OOOO divided into
600 preferred shares There also $500 founders
or deferred Upon the preferred shares there
Will Ire paid the profits dividend of per cent per
annum. The surplus profits are TO be divided
among holders Of founders shares. The pre-
liniuary prospectus sets forth that the
So5O,OO0 capital Of the London Company, incor
porated In May, 1877, was taken M Immediately among
the purchasers being than 200 women OF high fam
lily. At present no shares can be purchased
The object of the NewYorr Association is TO establish
"a cooperative where dress goods millinery ana
full assortment Of ladies' and chldrcns will be
kept Custom is to be confined TO the shareholders.
share granting the privilege to whole family Lunch,
reading writing and retiring VIII be provided II
il especially designed TO afford con fort and convenience
to persons from ont Of town. As custom Is obtained
through shareholders extraordinary expenses vii be
incurred in patronage, aud goods VIII be sold
az small profit purchasers claimed Will make largo
"a, ngs. The best goods and best alter dance viii h"
win be established III Paris aud London Amcri-
lean msnuariurers MIL onaGa ,n,. s,crc
All sales will be for cash, and IL Is expected mat capital
Inay readily turned aud the profits increased 1he
London Company has turned it' capital at tho rec OF
six times year The association !s designed TO DC
ntersst I'm lie profts as well as the purchasers This
Is an advance on the London company as In that CO.
| A company has been regularly Incorporated upon
which the association will be formed Miss Kate Field
| meeting was held saturday evening February
81 e the house Of Mrs & John d. Townsend
the scheme discussed. The following II partial
ls of the directors o. the assocaohi ya MIS- SE1n H.
| Mrs Il. Ogden Doremus. Mrs; A. - stone. Mrs julia
| Ward Howe, Mrs. Lester Wallack, Mrs john ID Town
| send Mrs. G. l. Rives aud Miss Kate Field. Among
the acting directors the list OF which Is not yet com
The general manager and the heads of departments " III
be OF the best business caraciy; Ipe transfer
! agents Will he the Farmers Loan and Trust Company,
and the legal business has been undertaken hy
Blatchford, Sewall GriswOld Co. Judge Brady Is IN
active sympathy and cooperation with tue management
The being still IN annchOate state, the site
for the not yet selected although several are
nuder cor stderHtOn. ceDtra situation s desirable.
and the business IS expected TO Increase s large
pushed rapidly os possible the practical work OF The
assOcation the active promoters say may begin next
Autumn Miss Kaie Field was seen ny lhlBCNk cp0rter
recently at the Hotel Victoria IN Twenty sevcnhst she
Is enthusiastic the prospects OF the association.
onerative store I'm London for ber shopping and fo al
home il It. She believed that Just such Place was
rom out of town who became tagged In going the
round OF shops. or some OF her own experience Miss
| gave my parcels and change Ia another woman. VINO
walked OF with them When | spoke TO the girl she
| wanted 10 know what bought, ani she hummed all
the time became thoroughly cxasperatcd, and finally
walked out Of the store with Just as much money ns
no purchase; but l had lost both my time
women. There are many in reduced circumstances
who woud glad 10 engage ~ tnis work ana share in
tie profits all will SHARE IN them, even down 10 the
cash girls I would like TO have It understood that We
do not propose 10 antaPOnze existing retail stores. This
is speculative enterprise, like the establishment of
ary other retail store. We propose to money If
we cnn. We do not design 10 make II store like the
and PARIS ft!ing. The business will be mana ged by
practical business probably by retired merchants"
d tald she wond he very glad Of place
TO resi- IN %lnle shopping aud to write notes II abe liked
The idea Of this Association she sad was very popular
with all whom she had heard mention IT,
meeting for the presentation OF facts regarding the
now assoridtion and for discussion held at p
YESTERDAY at the house OF Aunt Fanny" Barrow The
DarQrs crowded. IEcit were present mTN ~, B
Alien Mrs Twombly, Mrs. General Walen, Mrs. 4. +.
Meagher Mrs. Lester Waack. Mrs McHlDness, Mrs.
Holmes Miss Kaie Field. Mrs. Martin. of Memphis Mrs
| Charles CARPENTER Mrs. Franklin Allen, Mrs. q. j.
Bunce Mrs. Barrow. Mrs. Joan ID. Iownsend. Mrs DR..
Psrdee, Mrs. l.. T. Hale, and many others. Miss Kate
| Fioll read the prospectus OF the Ladies 20
operative Dress Association and accompanied the read
ing with running commentary. She said t0at she mad
talked heads OF several large stores In the city
who said that success depended largely upon the mann
ger that there ought TO DO no dculty In securing
The right man. Miss Field answered numerous ques
ous asked by those present 10 the objection that the
whole should he arranged by women, she said
that The design was 10 have only women To sell goods
| hat that capital conservative and would not en-
| gage In enterprise managed by women only iu tht
| present stage OF wOmHn's education
The announcement WAS made that although the pros
pectus had not circulated, neteDth OF the capi
inl had alrendy been subscribed. The largest amount
taken by any person twenty shares the design
| being to distribute them widely possible Any
one desiring sell shares do so at any time. Al
soon OhO shares 100000 are paid up, the wOrl
of hing the will BEGIN. After the preseB
tation Miss Fields plan informal conversation fol
lowed. Another meeiing viii be held today. AmOnl
| the men directors will be A. < Hewitt. j. NJ Bates t.
stedmau and the Rev. DR.. Howard Crosby.