An Introduction to the Industrial and Social History of EnglandCheyney, Edward Potts
History
An Introduction to the Industrial and Social History of England
Cheyney, Edward Potts
Great Britain -- Economic conditions; Great Britain -- Maps; Industries -- Great Britain
------+-----------+-----------+----------+----------
| | | |
Date | Members | Capital | Business | Profits
| | | |
------+-----------+-----------+----------+----------
1855 | 1,400 | L 11,032 | L 44,902 | L 3,109
1865 | 5,326 | 78,778 | 196,234 | 25,156
1875 | 8,415 | 225,682 | 305,657 | 48,212
1885 | 11,084 | 324,645 | 252,072 | 45,254
1898 | 12,719 | -------- | 292,335 | -------
------+-----------+-----------+----------+----------
They soon extended their business in variety as well as in total
amount. In 1847 they added the sale of linen and woollen goods, in
1850 of meat, in 1867 they began baking and selling bread to their
customers. They opened eventually a dozen or more branch stores in
Rochdale, the original Toad Lane house being superseded by a great
distributing building or central store, with a library and reading
room. They own much property in the town, and have spread their
activity into many lines.
The example of the Rochdale society was followed by many others,
especially in the north of England and south of Scotland. A few years
after its foundation two large and successful societies were started
in Oldham, having between them by 1860 more than 3000 members, and
doing a business of some L80,000 a year. In Liverpool, Manchester,
Birmingham, and other cities similar societies grew up at the same
period. In 1863 there were some 454 cooeperative societies of this kind
in existence, 381 of them together having 108,000 members and doing an
annual business of about L2,600,000. One hundred and seventeen of the
total number of societies were in Lancashire and 96 in Yorkshire. Many
of these eventually came to have a varied and extensive activity. The
Leeds Cooeperative Society, for instance, had in 1892 a grist mill, 69
grocery and provision stores, 20 dry goods and millinery shops, 9 boot
and shoe shops, and 40 butcher shops. It had 12 coal depots, a
furnishing store, a bakery, a tailoring establishment, a boot and shoe
factory, a brush factory, and acted as a builder of houses and
cottages. It had at that time 29,958 members. The work done by these
cooeperative stores is known as "distributive cooeperation," or
"cooeperation in distribution." It combines the seller and the buyer
into one group. From one point of view the society is a store-keeping
body, buying goods at wholesale and selling them at retail. From
another point of view, exactly the same group of persons, the members
of the society, are the customers of the store, the purchasers and
consumers of the goods. Whenever any body of men form an association
to carry on an establishment which sells them the goods they need,
dividing the profits of the buying and selling among the members of
the association, it is a society for distributive cooeperation.
Public-domain text, read in full here on John Shaqi.
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