Twin city review. [volume] (Champaign, Ill.) 19??-1929, 1920-12-24
~.s.,es OF COOPERATION
ACTIVE IN EroeAvoa
TO BLOCK PROGRESS

,.s # a malicious nature have
.,,c.la,ed during the past few
- Nv opponents OF the cooperative
ca . tbat the Twin City Cooperative
s..sty Is about TO close It's store,
stss Is located on First street.
ee -asrs is no truth whatever to the
-. The store is doing flourish
s1 h,siness. IL Is now one OF the
,ae en.t business enterprises, in the
citias. ft has weathered the
cutting storm of the past few
p.hs and has emerged unscathed.
.s,sc,gh profits accrued during the
a., ansrter we're not large. the store
s.sas have not been impairde. and
!. iA'.a - all bills every Friday night
- soeiety's credit Is good with any
1.o,ssale mercantile establishment in
Central Illinois
Many business concerns have failed
during the past few weeks because
ny were caught with large stock
~ GOODS upon which the price had
Sariined. and because of large
smaunt OF credit business transacted
Nth customers which they were un-
able TO collect.
Tbe Cooperative Society Is founded
NON praetieal business methods. It's
srsdit business Is small, and no mem
Nor ia allowed credit beyond a GER
tain amount which is guaranteed by
season of the fact that three shares
., bjs stock is reserved for that very
purpose. -.
ross is really not a credit business,
hut Is a business done upon the stock
holders credit shares. The society
cannot lose upon its credit business"
The public should not confuse the
co-operatiye Society with ther so
called cooperative enterprises which
are not founded upon solid founda
tions The Twin City Cooperative
operates under the Rochdaie System.
A system that has been developing for
oyer 200 years. Ii is the same system
ADOPTED by cooperative societies In
England. Belgium. France. Australia.
and several other countries where the
workers have banded together for
thier mutual protection. There are
over 20 Rochdaie cooperative stores
in Illinois There are over 1900 R0ch-.
dale stores in the United States.
There are several Rochdale whole
sale stores in the United States. One
In East St. Louis now does monthly
business exceeding s1.000,0oo
Cooperation Is the one sure way OF
beating the grafter--which in this
case is the middleman. and other use-
lass profiteers. C00perators in Eng
land and several other countries own
and operstsss tl,elp G2EA wnnlen ! aud
cotton mills. wheat fields. Hosfr inilrs.
shoe factories. packing houses. trans
portation facilities, and. in fact. every.
thing needed to produce the things
used by people In general. The move
ment in America rs comparatively
new, but it is growing by leaps and
bounds. Cooperative stores in this
country are now more numerous than
1o-cent stores. A few years hence
they will be the foremost business en-
terprise Of the United States. !.
Not alone are the workers starting
grocery stores Cooperative banks
are numerous in North Dakota, where
the farmers and workers have also
established flour mills, elevators,
newspapers. stores. etc. so that they
may deal direct with themselves and
cut out the CRATER In Cleveland the
Engineers Cooperative Bank has
been established. Co operation is
springing up everywhere. Co-opera-
tion Is the modern way of transacting
business
Anyone who says the Twin City Co
operative Society is about to close its
doors is barefaced liar. He is op-
posed to all progress. He is a CRATER
or grafter's hireling, which is worse
fhere never was any progress that
was not fought by someone who would
profit by destroying that progress.
Progress' enemies are now lighting
the cooperative movement
Nothing In this article is intended
10 cast any reflection upon enterprises
other than those conducted under the
cooperative plan. They have served
useful purpose In the past. but their
Gays OF real usefulness to the worker
are gone. Their method of dealing
10 100 roundabout, and permits of too
many profits to people who earn moth
iag Dut nevertheless have rake-off
a. every stage of the transaction.