The advocate., 1890-03-20

form Oh industry that may DO calculated
u build up the town, and mslSe q home
market Cor the produce Of the farm. AL
though tho pathway Of mere distributivo
cooperation, and more especially those
baQun by farmers societies, arc strewn
With failures by reason Of placing ineiil-
ciGnt men Ia their management, we shall
cay nothing OF the risk OF possibly never
having any dividends 10 pay However,
under tho plan here discussed, farmers
may proceed feeling tho ground absolute
" sure under their feet. Instead OF the
town existing simply 10 make oil the pro-
tit possible OH the farmer, the farmer
would make an immense profit OIL tho
town
Let us make q brief calculation. Take
town Of 1900 inhabitants, and say there
ere 800 farmers trading there. Ten per
cont. rebate on their purchases will run
from 5000 TO $4,000 per year. IL you
are too much opposed to interest to lend
thiB money on bond and mortgage on
town property, and prefer to borrow from
certain capitalists, at ~ per cent, rather
than bid Off your own money and pay
th8 interest and premium TO yourselves,
90 20; 10 will accumulate and you have
an advantage which you need but follow
up in order to have things your own way.
Leaving, for the time being, the farm
ing association, lot us return TO our city
suburban town. The Office Of the 1850
citation 10 down In the heart Of the bust
ness portion Of the town. It Is the poll
OK OF the association, TO do every form OF
business that will leave the smallest
margin Of profit in its treasury. Partic-
ul0rly in the building line, the assocla-
ton having in It's membership every
kind OF mechanic, could compete with
Aho cash waRes system, thus causing oil
ouch business TO pass through it's hands.
Being independent OF the money shark
Cor 30 per cent Of the money needed to
carry on our operations, we begin to feel
tho tide Of advantage setting our way.
The public, after getting acquainted with
our methods, and finding that TO touch
az in business way is TO live, will look
eagerly for our paper, our Credits TO 30
sure which they will offer us their real
estate and personal property and our as
ISOLATION viii charge them no interest
whatever
No interest you saya Let US explain.
Our association would soy 10 an outsider,
who came to us for loan Of money, You
may have your choice. We will lot you
have $1,000 in money at 3 per cent per
annum; or you can borrow from us the
same value, upon the same security In
our credits without interest II the party
wished 70 spend the money here to en-
ploy labor, which he could pay In these
credits 10 be redeemed at the store, he
would quickly take the credits. The as
sociation would be Abundantly compen-
sated by turning tho goods over q dozen
times year az 10 por cent profit.
About this time the people would be-
gin TO understand Proudhon's descrip-
sion;
nCapltalistic and proprietary exploita-
tlon everywhere stopped, the giving and
receiving Of wages In it's present form
abolished, exchange equal and really
guaranteed value constituted, market
assured, the principle OF protection
changed, the markets Of the globe opened
10 the purchasers OF all countries; con-
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