Year: 1868

time it longer exists In the large stores he acts
In the double capacity Of clerk and cashier lie can
be checked by officers appointed for that purpose
and he should be- The best way to Keep man
honest is to render it impossible for hlm 10 DC q
ropue witbout detection. Never employ any man
about you who is known to visit the grogShop OF
other places of vile temptation DO not allow your
store-ma,ocer 70 have exclusive power to purchase,
no matter what the pretended advantages may be.
ITsuollv these advantages are only such TO llm ana
not TO the society. First sanction every pOunds
outlav, and make him the medium through whom
the transaction is to be carried out. DO as little
busincss as possible through what are called agents
or middle men deal directly with iirs-cass firms and
SAW the heavy commissions of these gentlemen IL
is calculated that in England we pay our commercial
travellers about el0,0O0,0OO per annum III COM
missions All this comes out of the pockets of the
producers Cooperative stores can modify this
practice con sderably. Do not tie yourselves to any
particular firm; it is bad policy No matter how
nstly they serve yOu give the whole of them trial
from time to time Take less notice of written esti-
monas ms to the characters of your servants than is
usual Place more faith in money bonds; these are
absolute securities. Try to induce every man you
employ TO become member i'll the society, so that
he may have an additional nducement to do his best
by it, To conclude this letter, may briefly sum up
the results of my experience which extends over
many years. and which is formed after careful eX-
animation of nearly ali the large stores in England,
for many OF which have lcctured. have delivered
upward Of 500 lectures and addresses almost every
conceivable branch OF cooperation and association
during these last eight years


First: You mnst start business with sufficient
number of members to constitute your store pay
ing one from the commencement.


Second: BE moderate in your expenditures especial
" on such things as shop-ixtures. and all purely
ornamental appliances.


Third: Depend more upon small capital, often
turned over, than on large capital idly used.


Fourth: Neither give credit nor take 1t.


Fynh: Have few simple rules, and see that they
are properly enforced.


Sirtk: Expel all idle and incompetent officers.


Sereah: Pay all good ones WELL the laborer is
worthy of his hire


Eigkfh: Let your Treasurer be above suspicion.


Ninth: Take stock often


TtRih: Reserve your dividends for future opera
tions remember you have to compete with merchant
princes.


Eltrenh: Do not enter into a now branch OF busl-
ness until You have thoroughly mastered the difficult
ties of the one you may first engage in


TcelTh: Offer the greatest facilities for the ready
Withdrawal of all capital nvested-rcmcmber the



ruined man. He waited upon him and demanded his
rent the tenant cOoy reached out the required,
when the landlord said Obi you have it, have you'
if you have it, do not want it but if you have not
got it must have it,"


When the people see that they can readily with
draw they will not want TO do so. Thousands of the
workingmen of England, France, and Germany, now
deposit their savings in these stores, and they secure
five per cent. for the use Of it, which is more than
they would get at the banks


Thirteenth Have faith in each Other and you are sure to
act nobly While you haunted by the base fear that
your brother is living only to oyeueach you You
effect nothing good nothing noble. There is a strong,
ever-abiding power of good works, manly acts, and
unselfsh faith among the workingmen of Ncwlork.
Ical upon them TO exert all their best powers for their
own and their fellow creatures social moral, and
educational elevation. Not alone question of shil-
lings is this heme-it is theme of social brother
hood, when properly understood and properly prac-
ticed, and will yet place Wealth in the the higher
balance, and Worth in the lower. So sure as Wealth
intended 10 bless and not to curse sure must
it become the greatest blessing when distributed
among the largest possible number of people Co
! operation alone effect this. am, &c, C.,