New-York tribune., 1881-03-28
A COOPERATIVE STORE STARTED.

The New-York Cooperative Society opened its lirst
store IN this city, March IL, at No. Chnoon,Placei
AT present the basement Only is used, Dut on May
the managers expect to occupy also the rooms on the
first floor At that time formal opening viii De
made, and price-lists and circulars explaining the
working of the Society will be distributed iS
last regular meeting of the society. was held
in its rooms at the Cooper Union, Marca
10, when reports of the cITdt'0T %Sa off,cSs Ss
have since been removed from the Cooper Union to
No Clinton. place. Nearly 230 shares OF S2o eacn
have been taken. Several shares we're taken pY
person living i'm Baltimore and also by one IN WASH
iDgton Territory. The list OF members incIu9eS
many prominent residents OF this CITY ana Jus Vlcln-
ity The society continues to receive snDscrptlons
for stock as the amount of capital can be increased
from time to time by application at Albany ana an
enlarged capital will enable 1T to start addtlonai
stores. n, 1so.o
A reporter Of THE TRIBUNE called on Mr.. Foote'
the Socetys president, at the cooperative store re
Gently, and was at once asKed wHaI ne f
tho movement were highly satisfactory, al
though the managers were compelled 10 sA-
ercise caution and 60 slowly ID the % Ih1
enterprise Although the store VIII not pe IuiIy
equipped until Nav l, sales are DelnE maue eacn
day. A steck of fine groceries 6as been Dought;
also house furnishing goods and family medicines
Trade arrangements are made with reputable hrms
whereby members can secure clothing, oOots anu
shoes. furnishing goods. jewelry, visiting caros'
pianos, sewing machines furniture, stoves, coal'
house and sign painters, Job printing, aud other ar
tices and services at reduced rates. memDer -
given q list of the persons or business houses WIN
this list ne can select the he prefers to deal WITH
several firms being secured in each line OF trade
He then makes his purchase, or contract, ike
an ordinary customer, and when the Society settles
with the firm at tho expiration of three months, II
collects its specified discount or commission, ms
goes into the sOcetys funds and accrues to the men,
6ers benefit when the quarterly dividend Is made.
An account called "oustomers deposit order
account" will be kept with those who do not wisn
to visit the Office or desire to avoid the trouble oi
paying for each purchase when made. BY TIL: ar ar
fangement customers can deposit any sum they
wish TO their credit and order goods to balance IT,
from time to time, by postal card or otherwise rms
inohey can be withdrawn at any time upon one days
notice. The balance of deposit money on hand
will be calculated each day, and funds to
that amount will be always kept In bank; cata-
logue of groceries and other articles has been pre-
pared and is now being revised.
A monthly journal. called The COoperdtor mas
been started by Mr.. Foote, which promulgates CO
operative IDEAS furnishes news from other societies.
AID also contains prce-list. Mr.. Foote said that
the article on the Society's work, printed in 1HE
tribune February z, had brought him mass OF
correspondence besides subscribers and customers.
Reports from the cooperative store In Brooklyn
show weekly sales OF from 5000 10 $7OO; aud from
the store IN Newark, 5000.