This association is an association of consumers only, not of producers. Its original statutes were drawn up very carefully by M. Cochin, and as they have been as carefully observed by the members and the managers, it is the opinion of M. Henrivaux that the experiment has proved to be a success. This may be inferred from the fact that the title of 'co-operative' has been assumed in the town of St.-Gobain by a bakery, which seems to be managed on the principles of private competition under the 'co-operative' flag. If the 'trademark' were not popular, it would hardly have been assumed. The company also encourages societies among its own workmen and in the town for educational purposes, including a philharmonic and a choral society, and is liberal in its expenditure upon the schools, both here and at Chauny, the seat of its very important chemical works. At St.-Gobain alone, I understand, it is now making an outlay of some sixty thousand francs on new school-buildings, which is a larger sum than the total of the taxes paid by the people of the place. The 'budget' of the commune amounts to 27,500 francs, or rather more than ten francs _per capita_ of the population. Obviously the prosperity of the glassworks makes the prosperity of St.-Gobain, which, but for them, would doubtless soon relapse into the proportions of the little hamlet gathered, twelve hundred years ago, by the Irish evangelist about the miraculous fountain, which is said to have been evoked by him with a blow of his staff, and which still flows beneath the shelter of his church. When Arthur Young visited St.-Gobain a hundred years ago he congratulated himself on his 'good luck' in hitting upon a day when the furnaces were in full blast and the _coulage_ going on. A traveller of the present day who should reach St.-Gobain armed with the letters of introduction necessary to secure his admission into the works, and find the furnaces not in full blast and the _coulage_ not going on, would be in very bad luck indeed.