File:A study in democracy- being an account of the rise and progress of industrial co-operation in Bristol (1911) (14760134536).jpg

Identifier: studyindemocracy00jack (find matches)
Title: A study in democracy: being an account of the rise and progress of industrial co-operation in Bristol
Year: 1911 (1910s)
Authors: Jackson, Edward
Subjects: Cooperation -- England Bristol
Publisher: Manchester : Co-operative Wholesale Society's Printing Works
Contributing Library: University of California Libraries
Digitizing Sponsor: MSN

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entioned, with Messrs. John Brown, J. W. Griffith,A. Tambling, and J. F. Hopkins, these four being alsoprominent members of the distributive Societies. Thisdefinite linking up with the Co-operative movementstrengthened the business ; membership and capitalbegan to improve. The first half-yearly report had to chronicle a loss of£27. 13s. 6Jd., which was attributed to the difficultiesusually experienced in starting a Co-operative ProductiveSociety, also to the fact that a dispute in the boot tradehad forced up wages before the Society had time to adjustselling prices. There was a membership of 33, with a sharecapital holding of £108, investors of loan capital providing;^283. This start did not augur well for the future, butduring the next six months the position did improvesomewhat. Trade doubled, and a profit of nearly £50was made, enabling the Committee to clear their formerdeficit and pay dividend to labour ;fii. lis. id., and tocustomers £3. 17s. iid. An appeal was made for more
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INDUSTRIAL CO-OPERATION IN BRISTOL. 543 support from Co-operators, emphasis being laid on thefact that their goods were aU leather, and solid, no com-position runners or skeletons being used in any of theirwork. The half year ending May 26th, 1891, again turnedout very badh^ the accounts showing a loss of £23. 5s. 3d.,attributed to increases in wages and the price of rawmaterial. From this time forward the position grew worse.Membership reached its highest point with 78 in 1892, andtrade for the half year ending June 30th, 1892, was £1,785i6s. 2;d., showing a profit of ^^9. los. 9d. In the March ofthat year a move had been made to more commodiouspremises in King Square, and increased responsibilitieshad been incurred in the purchase of this property. Forthe next four years losses accumulated, and on December31st, 1896, notwithstanding great sacrifice on the part ofloan holders in respect to interest, there was a total deficitof £337. i8s. lod., an amount nearly sufficient to cancel

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