Monthly Labor Review Volume 10, No. 4

Monthly Labor Review Volume 10, No. 4

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ...with jobbers, thus greatly diminishing its usefulness as a factor in reducing costs. In this district, as in the Seattle district, organized labor has been a strong supporter of the cooperative movement, and has come to the aid of the society with the trade-union funds as loan capitai.15 ' National Cooperative News, Chicago, Mar. 6,1920. 170775"--20 9 955 A membership share in the society costs $100, and no affiliating individual or organization may hold more than five shares of capital stock. Any amount of loan capital may be advanced. On both share and loan capital the society pays 5 per cent interest. At the time of the organization of the society every effort was made to induce independent stores to affiliate with the society. Some 35 of the stores in Illinois, having an approximate membership of 200 each, have done so. Most of these handle groceries only, though some carry meats, fuel, boots and shoes, and a limited line of dry goods and millinery. The society also supplies goods to other societies which are not members but are interested, as cooperators, in supporting the wholesale. Some organization work is done by the society, but only where there is sufficient demand on the part of members of the community to warrant it. This has been done, particularly in "industrial centers where there is a very great demand upon the part of the trade-unions to have a store started, where they have sufficient money to buy goods but do not care to assume responsibility for the organization and management of a store." The society does not require local associations to fulfill any conditions as to membership or capital before being admitted to affiliation. Where a new association is being organized, however, the society more

Product details

  • Paperback | 106 pages
  • 189 x 246 x 6mm | 204g
  • United States
  • English
  • black & white illustrations
  • 123676109X
  • 9781236761095