OCR Interpretation

The day book. (Chicago, Ill.) 1911-1917, January 18, 1912, Image 10

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1912-01-18/ed-1/seq-10/

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GrumpsaH, which is admittedly
the finest "model" factory in
England. All the co-operative
factories are "model" factories,
for that matter, and the employes
work eight hours a day.
Other factories are devoted to
the manufacture of
Dry goods, garments and mH
linery, stoves, cocoa and cholo
late, mantles, shirts and under
clothing, preserves, marmalade
and jam, woolens, flannels, soap,
candles, glycerine, oil and tallow,
brushes and mats, flour, hides,
printing, corsets, hosiery, lard,
iron, tin buckets, tobacco, crock
ery and then some.
There are creameries. There
are hothouses for growing green
stuffs out of-season.
These units in the productive
division do an annual trade of
$15,500,000, at an annual profit of
Theproducts of these factories
are -delivered to the wholesale di
vision which has two huge dis
tributing centers, in London and
Manchester. The wholesale co
operative societies have a capital
(unwatered) of $39,000,000, an
annual trade of $171,000,000, and
an annual profit of $4,350,000.
From the distributing centers
the-products of the factories, to
gether with the goods bought by
the buyers at heme and abroad,
go to the various warehouses and
saleshouses to await the coming
bf the buyers for the retail socie
ties. The retail societies buy at
cost and sell at cost
Outside goods are not barred
from the co-operative stores, but
they are not displayed in the
windows or ?'pushed." It is the
private companies that have
driven the societies into manu
facturing. They at first refused to sell to
the societies except at prohibitive
rates. Instead of driving the so
cieties out of the market, the
wholesalers drove them into man
ufacturing staples.
" Thus the movement has grown
and widened in scope until now
there are on the British Isles 1,
428 retail societies (and the same
number of stores,, o course), with
a membership of 2,542,532, a capi
tal of 36,466,3 f2; an annual
trade of 7 1,861 383, an an
nual product of 10,938,331.
From 1860 to 1910 the total
co-operative trade bas been more
than 10 billion dollars.
The total profit 'has been
4 The total share" capital is now
35,072,075. .
220,000,000 has been divided
among the members in those
years according to purchases.
The co-operative societies em
ploy 122,991-persons in their pro
ductive and distributive depart
ments, and many thousands more
as clerks in thestores.
The societies have used, 10,
000,000 in building houses for
members and helping members
to build for themselves. Though
the societies' property holdings
are enormous, there are no slums
among them.
The societies devote 150,000
to education, recreation and
charity each year.
wiJktSs &ab

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