In our own time, co-operation has been practised to a considerable
extent. In 1795, the Hull Anti-Mill Industrial Society was founded. The
reasons for its association are explained in the petition addressed to
the Mayor and Aldermen of Hull by the first members of the society. The
petition begins thus: "We, the poor inhabitants of the said town, have
lately experienced much trouble and sorrow in ourselves and families, on
the occasion of the exorbitant price of flour; and though the price is
much reduced at present, yet we judge it needful to take every
precaution to preserve ourselves from the invasions of covetous and
merciless men in future." They accordingly entered into a subscription
to build a mill, in order to supply themselves with flour. The
corporation granted their petition, and supported them by liberal
donations. The mill was built, and exists to this day. It now consists
of more than four thousand members, each holding a share of twenty-five
shillings. The members belong principally to the labouring classes. The
millers endeavoured by action at law to put down the society, but the
attempt was successfully resisted. The society manufactures flour, and
sells it to the members at market price, dividing the profits annually
amongst the shareholders, according to the quantity consumed in each
member's family. The society has proved eminently remunerative.
Many years passed before the example of the "poor inhabitants" of Hull
was followed. It was only in 1847 that the co-operators of Leeds
purchased a flour-mill, and in 1850 that those of Rochdale did the same;
since which time they have manufactured flour for the benefit of their
members. The corn-millers of Leeds attempted to undersell the Leeds
Industrial Society. They soon failed, and the price of flour was
permanently reduced. The Leeds mill does business amounting to more than
a hundred thousand pounds yearly; its capital amounts to twenty-two
thousand pounds; and it paid more than eight thousand pounds of profits
and bonuses to its three thousand six hundred members in 1866, besides
supplying them with flour of the best quality. The Rochdale District
Co-operative Corn-mill Society has also been eminently successful. It
supplies flour to consumers residing within a radius of about fifteen
miles round Rochdale[1]. It also supplies flour to sixty-two
co-operative societies, numbering over twelve thousand members. Its
business in 1866 amounted to two hundred and twenty-four thousand
pounds, and its profits to over eighteen thousand pounds.
[Footnote 1: Its history is given in the Reports above referred to, p.
269.]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account