The Brookhaven leader., 1885-05-28
SUCCESS or COOPERATION.
Eow Nine Workingmrn Founded an As
ISOLATION That shows Great Results.

ISOLATION That shows Great Results.
Philadelphia Ti'nssl
The Philadelphia Industrial { o opcr-
alive SO, iety dimite j is the name OF .
very lloGrishing association which has
late,y opened Il grocery and provision
store on cdcTal street. above sixteenth.
Of considerable dimensions. tarly in
the year 1874 nine IEgllshlncn
who had settled IN kCHsington,
dissatisfied with the expensive
credit system of purchaS ng goods, by
which the consumer has to pay TWO
profits. determined to do business for
themselves ON more reasonable and
cheaper plan. They clubted their re-
sources together and Lousnt groceries
al WLolrsa T. rates, and meeting once il
week III the parlcr OF one Of their resi-
dcnrcS. on trankford avenue, each took
away to his home what he thought
necessary supply for the ensuing week.
I his ,,uct little way OF dong business
could not long remain a secret and II
did not. In "A very short time a mum
Ter of fellow -countrymCn si@uified their
desire 10 lon and form u cooperative
society on the plan and EaSls which has
long been wOrhlll5 successfully III Ing
land.
Accordingly these nine men went to
work and drew up the articles of the as
sociation The pGrpose was TO carry on
business as general groecrS, provision
dealers and c,oth.crS, wholesale and re
IaIl, and also to manu- aCtur1 articles of
ne cssity and use uln IS as they might
from time to time agree upon The
capital stock WAS to consist OF 100000
i'll do lar shares, payable i'll advance or
i'll monthly iuotaincnts of not less than
% CENTS TO prevent any undue power
accrun- TO any one person the society
limited individual ol,,lngs to two han
Gred shares. No memter is liable for
any debt of the society beyond the
amuInt actually subscribed for To be-
come n mrmter it is necessary to own
five shares, which are not withdraw
aJlc.
In very short time a central store
was started at 2331 trankford avenue
and the usincss fourshcd from the
first Each member received a check
with the goods purchased, and received
PEI cent. interest on e sun in
vested at the EMU OF the year. Every
purchaser not a member reccl ed . per
/ cent on his outlay. The goods were
ougEt Tor cash at wholesale rates and
Old st tine store prices, ana large
lTo-t WAS made over and above the
per cent of interest divided &mcug
shareholders and non members. he
, consequence was that very soon another
) ore was started at 30. Germantown
aycnIc. tol!oWei by one at 2Jis kens-
ing;0n avenue. foIr Oh Front street, a
shoe dry goods, grocery and butcher
store, and l,tely the Euw oEc on Fed
eral street.
The membership is now over 3, TOO,
and the weekly sales average IS, coo.
/ The society now owns the re j estate OF
all the houses mentioned, and by thu
, tcnth anuua. re,'Crt. made last oven
Lcr, iCN,deS having Iald our sO.nc $3.50
0oc, they have -, so Ill vaah. s., Ii
, the rUS, EIc fund :I1 $i2 la the con
t.ngtnt fund.
ms remarkably SUED .ul enterprise,
/ ST rt,I ten years ago 10y n.uu Ing l>h-
men, has resulted ii Il great a--o ID
ticn, owning buildings a2d stores in
various parts .. Jne city, actInS
as IL SAY in5S hank to over 300 people,
who might otherw.se have never thought
OF putting Il oncy b. toc rain, day,
ana being practical G"m0uotri itiol Of
tie feaS. billiy AMI advantages Of 70 OPP
cratiye asso, iatiOnS. II is pegU lar
fac; that nearly AZ the mcm'e.a and
sEar, holders Are En~l.ol people, who
seem TO have understood the b, neilt5 TO
be rcaped Letter than por@Ons OF Amer
ic,n birth.
The success Of the Philadelphia In
Gus'r.al Cooperative so ietv has stirred
scvCral other societies into existence,
but either from wJnt of latrUn tge or
| from working Oil wronS haSis, they
Lave nearly all fallen tLiUuoA &ttl: Il
Very Lr.cI lifs.