Workmen's advocate. (New Haven, Conn.) 1883-1891, 1886-08-01
NEW RUBBER FACTORY.
A Cooperative Enterprise for n. Of
l.. Rubber Workers.


1t is universally admitted that the
present system of settling differences
between employers and employees, by
instituting strikes and lockouts,e etc,
is runous to all concerned, us it not
only costs great deal to each party
concerned in money, but also destroys
that harmony that should exist be-
tween them to obtain the best bust
ness results. There is also another
trouble connected with this, and that
is, that same of the men generally
the most intclligcnD are liable to
permanently lose their places. The
support of these men is necessarily
burden to the Order with no direct
advantage to them or Their fellow
workmcn. 1t is generally understood
that these men become backIlsted
in the Rubber Trade, and can get
nothing to do.
Again great many men are We
timized because they are knights OF
Labor, and they find it difficult TO
obtain employment; and they also
have to be supported by the Order
In order to make provision for the
adequate support Of such members
in manner that will relieve the Or
der from loss and enable the assisted
members to feel that they are giving
a satisfactory return for what they
get, we have conceived the plan Of
starting factory Of our own, IN
which these men can be instantly
placed at work, ut equal, or slightly
advanced pay.
The Company, Incorporated under
the laws of Massachusetts,, contem-
plates producing goods of superior
workmanship, and will demand the
favorable recognition of the public
on the merit of their productions,
While it is not intended to guaran-
tee every stakeholder work in the
concern. it is intended that Hone but
shareholders or subscribers to stock
shall be employed in the factory.
1t will be the policy of the Com
pany to encourage the operatives to
obtain stock by giving them the
preference whenever II block Of the
stock is put on the market for sale,
tolenlarge the capacity of the works.
After a percentage Of the net profits
is deducted rs a reserve fund, the
balance will be paid MS dividends,
and any enlargement of the works
will be met by the sale Of a portion of
the stock of the Company remaining
unsold.
The par value of shares is placed
at ten dollars, and subscribers are
allowed to pay in monthly install
ments OF ten per cent, /. e., at the
rate of one dollar per month Oh every
share subscribed for. This enables
them to earn their stock, and by a
very little economy, pay for it with
out feeling it u burden.
As nearly every one, man or woman,
is liable to need work some time or
other, it becomes only matter Of
common prudence for every Rubber
Worker 10 become II shareholder to
at least small amount, reserve
the right, and shall exercise it, to
issue onl y stock enough to start the
factory, on Il small scale, and from
time to time such other amount as
will be needed to increase our capac-
ity. The stock issued after the Com
pany is formed will be first offered
to those who have first become share
holders, in preference to others.
All shareholders are limited on
their first subscrl ptIon to ten shares,
and no stock will be sold to anyone
but X. of l.. in good standing in the
Order.
A copy of our bylaws will be
mailed on application through the
NJ. W. of the Assembly to which the
applicant belongs.
Applications should be sent to t.
S. BLAINE, Maiden, Mass.