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
A variation from the Rochdale plan is that used in three or perhaps
more societies organized in London between 1856 and 1875 by officials
and employees of the government. These are the Civil Service Supply
Association, the Civil Service Cooeperative Society, and the Army and
Navy Stores. In these, instead of buying at wholesale and selling at
retail rates, sharing the profits at the end of a given term, they
sell as well as buy at wholesale rates, except for the slight increase
necessary to pay the expenses of carrying on the store. In other
words, the members obtain their goods for use at cheap rates instead
of dividing up a business profit.
But these and still other variations have had only a slight connection
with the working-class cooeperative movement just described. A more
direct development of it was the formation, in 1864, of the Wholesale
Cooeperative Society, at Manchester, a body holding much the same
relation to the cooeperative societies that each of them does to its
individual members. The shareholders are the retail cooeperative
societies, which supply the capital and control its actions. During
its first year the Wholesale Society possessed a capital of L2456 and
did a business of L51,858. In 1865 its capital was something over
L7000 and business over L120,000. Ten years later, in 1875, its
capital was L360,527 and yearly business L2,103,226. In 1889 its sales
were L7,028,994. Its purchasing agents have been widely distributed in
various parts of the world. In 1873 it purchased and began running a
cracker factory, shortly afterward a boot and shoe factory, the next
year a soap factory. Subsequently it has taken up a woollen goods
factory, cocoa works, and the manufacture of ready-made clothing. It
employs something over 5000 persons, has large branches in London,
Newcastle, and Leicester, agencies and depots in various countries,
and runs six steamships. It possesses also a banking department.
Cooeperative stores, belonging to wholesale and retail distributive
cooeperative societies, are thus a well-established and steadily, if
somewhat slowly, extending element in modern industrial society.
Public-domain text, read in full here on John Shaqi.
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