New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-02-07
COOPERATIUN IN STORES.

| Iur COOPERATIVE SOCIETY SOog TO DrGIN HrSI-
| NFSs-PERFFCIiNG IIANs FOR nm M'%AGE-
MENT OF IHE SHOTs-COOPEEATION ~ OTHER
PLACES.
The New York Cooperative Society Is now
fully organized and Incorporated Inc plan of every
man his own st0rtkeerer will ricticdy tested
IN this city, has successfully in other cities and
in England Allen X. Foot, president of the sorcty.
gave yesterday TRBrNr reporter account OF the
present state AMI prospects OF the siey and IL worn
The charter filed Jan Iaty ~ the s Iarrcs hcnG
those OF John Glcdml LUstGs D.NoUd r. l.. GrCsYenOs,
James r. Young, Augustus +. thi.Gs, Joseph Mtch
Allen i. FooIe. Alfred Van brIke and John ADEn"
Sndw The association Is IGcor..r tea undcr Chapter
81 Of the Laws OF 1857 ancnded by Chapter - Of The
Laws OF 1879 1hc charter prUvi3cs that thr powers
granted te SHcety shall be XtGcs, IN the cry aud
Comfy Of New -l"Ik for Tie IiIp ~ blyinG for
ca articles fU domestic ard pee nal Ire AMI SCI iDG
the rnms Tor cash at cu.c' retail prices ncmtert Of
this society rnc amount 81 capital uhScritt
Is So oCU n, shares of SD cI.i The profits To- he
div ided among The members, employees and patrons al
the society IN proportion 20 then Contribution I" the
business ~ the eocicy by capitol. labor or custrT
prov lded by the byldws. Tn" fiscal year btfus wIth
December ! and ends with November 30 The officers
to be elected for year clci annual meeting, and
consist Of the president, who s eI-oti" member and
chauaI the board or tIufices, got otnrr tr|""s.
aud The charter 10 I" lat for t~"iht -!t
veas The In, yrporate Of the bJ':y the New"
York Cooperative ;"cieiy'
Under the ST &c Jaw the aG ~ II LemItf limitclo
thc par value OF her snurcs The bylaws pg'ydn HAT
al, voLe can become member who II alprU; cd 10y The
board of trusces y pay cutrancr VI 20 cents
and subscribing Tor Ic0r" slHrcs Each incmncr
Is entitled vote at the suic : ~ "tmc', which
are To- BE- held the third Tu1dIy IN each n"mib, the
annual meeting bclnG hh IN Ji1nary. The
board Ct trnFtrrs haS tlc p0wcr 10 appoint
all employees aud fix the rate If compensation. Al.
auditing committee OF three. elected ANNUALLY, re-
CURED TO audit the hOUkS ~ III" >uCrty monthly, and
make fall report 0f The state # It's business at each
quarterly meeting. Complaints In regard {" goods,
prices conduct 81 cnilcYes To o referred TO
the hoard OF trustees. Ten per cent of each share H.
required subscription aud tue bal uce at the OF
81 per month for each STARE until pad. The society
guarantees 10 pay per cent lntercst on shares In
quarterly payments. dividends viii also be made
quarterly If tie profits OF the society allow, non
members who are purchasers belng entitled to
az much helnhers. All sales t. be made for cash.
and Discrimination tn price Is to be allowed between
The following officers elected January % Allen
r. FOotG, pte>ldcut John Ah9u, law, OF the American
sc ~tT Inc trustees are A. H. F1o,1 clurlnn
A. r. Cnilds with Cooper, Hcwii, COZ, J. '" - Mid
dIeton with American Exchange National Bahsl John
enters secretly Ioln L. Wilkinson of tn" hmagmated
Enginecrs' Society," NJ W. Clear (O Tie TaOrs eocicty,
o N Harvey wood pOshcr) Miss Mary f. BOye
stsnographGr the aulliGrs elected are CoGTSndt
erfOn tohCemdker and secretary of tho Worklngmen5
Lycemn). ooo
The res of 300 shares has been taken, and 81 900
is IN bank ready begin busincGs The hooks
now open at the office Of the sr"iciy. No 70 Cooper
Unlou, Tor the second series OF sa,rs. Tine books now
contain the OF about 100 paying subscribers
ministers, lawyers. editors. bankers, bcokkcepers,
mechanl@i aud ,1orSnen OF all CLASSES. TIE
TyEF on the q business and rraparns catalogue
Of the goods to be- sold. From this catalogue
have the goods dellveced here In the city without
charge Goods VIII be forwarded to out OF town buyers
III. hp 80 CArn nllAn
Outside on Of the city IN 5rookIyD Harden Ciy and other
Places have become members The sociey proposes to
start three stores at s9ont te , sane ,nr' me
suggested 20 place sac In Hareh bDd one eht on INC
the East and West Sides about as high up a, tifteth
hs the subscriptions tncreas i 10 intended 70 start
neghborhood wherever the number OF Subscribers
will warrant One hundred subsar'bera II Is calculated
will support store, ard tho various ocSties Will be
oanvassed ascertain # 100 families Will patroniac
s w be oo ESai o Ds an Se
men experienced In the business The hr' catalogue
expsnds' the socisy PROPOSES to deal in ali things
necessary for the householder The president
,sd Yesterday that .oo1 he 1pe'sSa aes se
days Previous the opsnlng OF the It Is pro
s Scey with be
forth Ia address. speciai effort has been made to
sss Ho cas most sni eeans It's M H
many are doubtful Of the socety's plan. ss
tive men Of both classes Lave become Geplbes and the
society expects largo addition OF custom ss soon as IT'S
with persons IN over hundred different towns whero
the subject Of cooperative stores being discussed.
House Park. viii be opened some time this month
store Jersey City Till be stocked and In operation
o a 3sdS
Norfolk. Var. and Houston. TeIas The societies ont
Nsw.York society, with the bylaws and regula
tioDs These also take advsntage OF the trade ar
pnrohasng power and thus getting supplies at reduced
rstrA