The patron of husbandry. (Columbus, Miss.) 1875-1883, 1881-09-03
Two views of Go operation.
The Co-operator.
AONF XIFw OF chnpHpArInN

~oNE VIEW OF COOPERATION
Editor offhe AdOertfSer: 81 want
to ask serious question in regard
to the projected Cooperative Gro
Gerry Store. In last evenings edi-
ton | learn that it is to be a strictly
cash business. l understand that
to mean no credit of any kind or at
any time. Now there are times and
seasons when the mechanics and Ia
boring men are out of cash, but
they have their honor left them.
Sometimes it is their fault, some
times it is their employers fault, and
sometimes it is the fault of neither,
but there comes dull season, or the
head of the family is taken sick and
laid up for time. In all such cases
we have been in the habit of getting
trust at the grocery store. Now if
we transfer our trade to the coop
erative store, what is to become of
US and our families when such times
arrive? They do and will surely
come. Now before | trust my mon
ey, and the necessities aye the lives
of my wife and children, in such
speculation, | want something more
tangible to lay hold of than a glib
tongue or pen to carry me through.
Yours, AN OLD MECHANIC"
ANOTHER VIEW OF COOPERATION
This writer, who signs himself
can Old Mechanic shows a just
regard for the future of himself and
those who depend upon him, when
he says: ''Before [ trust my money,
and the necessities, aye the lives of
my wife and children, in such a
speculation, | want something more
tangible to lay hold of than a glib
tongue and pen to carry me
through" This person wants to
know what is to become of mechan-
les in bad times if they transfer their
patronage to the cooperative store
where there is no trust. | will try
to give him a tangible answer.
Something he can lay hold Of.
Mr. Thomas Hughes, in his ad-
dress at Cooper Union, mentioned
the case of one person who invested
S25 in CO. Cooperative society in 1860;
he allowed the interest on his CAPT.
tai and the dividends on his pur
chases to accumulate until 1870,
when he found he had to his credit
$265. He drew that out, then the
same process of accumulation went
on until 1873, when he found $I5C
to his credit.
In the year Just ended, the Indus
trial Cooperative Society of Phila.
delphia, which has 500 members.
six stores, 100000 capital and blu
siness of over 100000, paid its
members 6 per cent interest on Their
capital, 6 per cent dividends on the
amount of their purchases. A math
ematical calculation demonstrates
the fact that saving of SI2 pei
year invested at 4 per cent interest
saving and interest compounded an
nuallv, will accumulate the sum O
$4,000 in 81 years and two months
| The same saving invested in CO
operative store where it will receive
6 per cent interest, and the addition
of per cent dividend npon $I2(
annual purchases combined will
the capital, saving interest and div
idends compounded annually, viii
accumulate $4,000 SO As years.
1t is the dividends on purchase
which co-operators lay hold of, an'
| +ba fororoipr illnStratinpS nrOUl
them to be an extremely tangibl
think to grasp. The grocer e1ve
trust for which ne invaribly take
pay, but he never gives dividends
trust Keeps men poor, and makes then
dependents diOidcndS and not trus
h Lbs them TO ,erOzV rich and make
. them independent.