“When you figure that those allied roads employ sixty thousand men,
each of whom would spend a minimum of four hundred dollars a year in
a cooperative store, you find that such an association would do a
business of twenty-four million ($24,000,000) dollars a year. At least
three per cent. would go back to the men in the form of a dividend,
amounting in all to seven hundred and twenty million dollars. Then,
allowing an average saving of five per cent. on goods purchased, you
find that the store could have saved its stockholders one million, two
hundred thousand dollars at the time of purchase, plus seven hundred
and twenty thousand dollars in dividends, or one million, nine hundred
and twenty thousand dollars in a single year. This shows you what one
group of industrial workers, cooperating in the purchase of food alone,
could save themselves. The beauty of this system is that the more you
spend the more you save--”
Mr. Larry rose, laughing.
“It’s a good thing that this is my station, otherwise you might inspire
me to resign my position and start a cooperative store. Well, a
pleasant day to all of you, and more knowledge on the subject.”
The four investigators nodded gaily to their vanishing escort and then
settled down to the discussion.
“So you think the average housekeeper would rather chase the rainbow
of special sales than the more solid investment represented by a
cooperative association?” asked Mrs. Larry.
“Not when they have grasped the true idea of cooperative buying,”
responded Mrs. Moore. “Boston now has a very successful association
known as the New England Cooperative Society, which uses the Rochdale
System in operating its stores. Its headquarters are at 7 Water
Street, and it operates the following stores in that city: Charles
River Cooperative Market, South Boston Cooperative Market, Tremont
Cooperative Market, Devonshire Cooperative Market, Charlesbank
Cooperative Market.
Public-domain text, read in full here on John Shaqi.
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