archive.lincolnshire.cooparchive.lincolnshire.coop/1870/1870_-_directors'_report.pdflincoln...

8
LINCOLN CO-OPERATIVE SOCIETY, u SLOW, BUT SURE. " "UNION IS STRENGTH LINCOLN ~olesale and Retail Grocers, Provision Merchants, and Flour Dealers, TAILORS AND DBAPI& BS. 8&. 'ih, largo I'bu(t!» - 1)I, aPERY, to suit all requirements. BEADY-MADE CLOTHES of au Pa(torus, y~- 'u, I, u i.)n js poid tc the BESPOKE DEPARTMENT, all the work being done on the prem)sos by Cc-operators. »IS . »4) . 'SEBS ARE ALLOWED Bd. FOR EVERY POUND EXPENDED. Dr. JOHN WATTS on "CO-OPERATION. n i Sub)lance of Cl, '. f h&:cd sl lhc cpcncig cf lhc Central Store of lhc hfenchccfcr eod Salford Iud&a)riel Cc-oprrafnc Serials ] I have u '«b;!cc ". ~ & standing up in this large and beautiful room to ta]k to thc members about their own business, which )pence (c bo a c=;!»a aml profitablo one. I gather fram the secretary'e report that the society commenced ten years ago, »th» capita) oi rc «. ~ . . (&'lliage, and that it besnow a capital of risfrcu lhcursud pounds! That is an instance of very rapid «:uumntu &, cd&I cc e—, ' oation of it is the fact that Co.operative Societies have reversed tho old proverb, that "pcu cannot Cw your cak «i)o h»v 0! I find that tbs members have received back in dividends over lhirleea lhcucandpcuedr, and in interest cx r l)ec lhcurc«) cern. * ! m that you may be said to have eaten pour cnke, and to have it still, This is Co-operation with ' egos))&,'0 I You Iia. , &(»ides cash in hand, your buildings, a stock of goodsi loans to the Roobda]e Corn Mill, and shares in 'his bui!(nrxg ) as &I " i&re cost the members literally nothing; it is& so far ns they are concerned, a perfect creation out of n«kn 'Do ) ou c &k i. - xx has been done I My answer is that if vou had bought your goods at retail shops, instead of at tho st&xr p«u «cu!4, nr c&. )rsc, have got no interest and no dividends on your purchases. But, by means of Co-operation, you have r( . 9,01000or c&enf. , p& r cent. upon your capital, and pou have achieved this without doing aaything but change your shop, :0-: inclcx I ci bciug only a palliative for the condition of working meu (as some persons have asserted), will, if wisely cab], ii cn. in a sing]s generation, tc be&omc their cwn rmp!overs without hain from anpbodv. Do ym& want this nc( fcr Ic sock. 1]'& m &v icl c &bc I &] cla(i c I ] cglccd an I tyc! ( I (a(cfv m&llicn», cnd (9& . nt] l»ll!cg . W ]I, (bc ix cni) c»lt c «I!I b«cp -. ( I f ai »t f ur niilli 0 fcmiiicc I'bc(. ic ]xcr w&rk received ui xx &gee, cr (xx I bun&]i«l uiiili &n 1)coeds 'I& i]Rig p(r annus), rcck&xnin- fif'ip c During ibc cuucn femine, ))n (((xx I: I I, ic !&x& I c I . ; I ui ', I(r & c( n (b ir (urn mrr. Sc I asco, rn)0, 000, (ibc x. cn c l il„„„&i, ! 9 -I & m veer) tc S]h000, (00. Wc]i. it folio&vs I'lluf sp(nd (heir xvagcs nt cc opcralivc cuir&. f(ciu (bis tuco fiimr &id an&I )r« lhr&r &!«!»Sn fr, ibc) nugb(, . (, . 0]] 000 (&00 a year! If, &lion, xv( cc um (bc& ihc & »pi(el n ) cry f». (0 cmplc]'0 cc( cf I &) «&r&, nc-balf'xrcrl&ci» for x b fan!]x (I c, if' c& c&cl'i!]r ibi (l,],00 .0&'I) by go, xrc sbuli find thai xrc itb conipoun I mtcrc I ci thc;ii & u&cni &ic 1 Ruin -, x& uld «i( nn!p bc rip&(cl cuificu nt saved in cuc workci& iu all (bc foui]ice in I(n I, c I cnd '('I', I iis, I ask c&nfidcnil] fc it c& I ibc cic 9 & ibc evil 1 c bi& b (bc u rking rlc cs conqdcin! But ic matt r o ico !ai . ( a a&sic; fur I &lo n&u & xp& c( (b it al! xr «)(in ~ cion »&ill at cn&c bc& mc Cc- I d(al cf tixc (c Sci, c( (I coed&(&cn, lc&( i( I &.»&I le, cnd ic 0 &ruble, &uul what i. ] cs»iblo bc accompli bid. Tc ]mt (bc moner in ann&her fcim, 1 xiii] ref!( In mv &nvn czpcricncc. I com- 'c&gura&irc. uri&(v ic 8 vcmbcr, leoo, lp I»&me I &r cnc sharc, rclu (ucc(y b&!!&cue. Ocly a ui&)u«) b, & bccc tcadc ci b . cn iil! ix t h v EQUITABLE CO-OPERATIVE INOUSTRIAI. SOCIETY, (LYM1TE'Q, ) ly, WATERSIDE, SOUTH, NEAR THE HIGH BRIDGE ESTABLISHED 1881. Report and Balance Sheet for the 34th quarter] ending APRIL, 1870 PRESENT COMMITTEE: And tf)sir Attendance durir)g tks Quarter. ¹. of Msstiugs, 18. M . H. WHITE, Puss)nunc . . .... 11 Mr. R. LEWI8, , .......... .... 9 hfr, THOS. BRAILSFORD. . . ..... « E, TEESDALE, Tnnssu)mu „10 u G. HARTI, EY. .. . , ... . . ... . 19 0 J. J. JELLEY ..... , . ... . . .. bg JÃo WALKER) Msnaonn 10 i& C BIGGA DIKE 4 0 WEST GL'0. UPTON, S*onmanv, ... 19 „W. WALKER. ....... .. .. .. 7 AuditOrS Mr. GEO. 8TABLER, Mr. G. LDWI8, hfr. E T. TRENERY. Cue Ccmisillec-mau lc be Enclcd sl lhe i]fag fifcetisg& in ploce of hfr. JEJ&LBF& tcho ref(res. COMMITTEE'8 REPORT To ms Mus(nuns:— Y«0& (' 0&&)niff& imv& pl&0 n)W in snlmiiiiin ~ for pmnmi) 0 S!0(cm(ul, of I))( &Scoicty'I& Acccttnts fcr !, I I!I& ()nnri& r, f] 11»vcc1»u) ending Ainu. 9th, 1]]70. (1&-, )i 11«& ipf» nmonnt tn I!8794. Su. 48. Thc I'rof)!u fcr tb& ()intr(('I', u(f&'r pgyiug 486. Cs, Od, Iuf &'iyul uu Ih)i&l-cp Sl)nres, nro A'IH9. Ig. 9d. , wluch your Ccuun&i!Cc Prur&i 0 ]0 (((v)(lo as fc)lcws;— ))j()&I&'u&) of lu. 9&1. Iu thc I'cuu(I 1'0 hiculb(rn» nu(l u i)ixi&1&8(1 «f 8(!. )u f)&c Pom((l lo those »0;I-11& );)I & I vi)(0 bure brought )u lhcu Chcqucu. Ilm) 10 ) 0' (', )))i! (1)c univ 98817. 10. 4(I. f) ) Mcmlicrs luivo )&on& mluiiiic(1 ihiu ()carter& ma)r)ug the I'I('x()& u iui!0'i' Amount of PROFITS passed tc thc credit of Members' Accounts since establishment, $2878. 80. Od. Amount of Interest paid on Capital during the same time, $388. 16s. Od. 'I'1)c (' uiuuiilcc hcg io draw your. cupccin) 0!1&ii!)cu 10 1))& Tx)mn&)u«A Dnsnrnv 1)rcsnvs]suv, &&& 1 i& ii ! X &I Rill »& 0 i)i& impcrtm)C0 of giVing it y(mr rn)PPort. ')')(rre Iu 0 Inrgc nuucrtmcut Cf Rcfidy.

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Page 1: archive.lincolnshire.cooparchive.lincolnshire.coop/1870/1870_-_Directors'_Report.pdfLINCOLN CO-OPERATIVE SOCIETY, u SLOW, BUT SURE." LINCOLN "UNION IS STRENGTH ~olesale and Retail

LINCOLN CO-OPERATIVE SOCIETY,u SLOW, BUT SURE." "UNION IS STRENGTH

LINCOLN~olesale and Retail Grocers, Provision Merchants, and Flour Dealers,

TAILORS AND DBAPI& BS.8&.'ih, largo I'bu(t!» - 1)I, aPERY, to suit all requirements. BEADY-MADE CLOTHES of au Pa(torus,

y~- 'u, I, u i.)n js poid tc the BESPOKE DEPARTMENT, all the work being done on theprem)sos by Cc-operators.

»IS . »4) .'SEBS ARE ALLOWED Bd. FOR EVERY POUND EXPENDED.

Dr. JOHN WATTS on "CO-OPERATION. n

i Sub)lance of Cl, '. f h&:cd sl lhc cpcncig cf lhc Central Store of lhc hfenchccfcr eod Salford Iud&a)riel Cc-oprrafnc Serials ]I have u '«b;!cc ". ~

& standing up in this large and beautiful room to ta]k to thc members about their own business, which)pence (c bo a c=;!»a aml profitablo one. I gather fram the secretary'e report that the society commenced ten years ago,»th» capita) oi rc «. ~ ..(&'lliage, and that it besnow a capital of risfrcu lhcursud pounds! That is an instance of very rapid

«:uumntu &, cd&I cc e—, ' oation of it is the fact that Co.operative Societies have reversed tho old proverb, that "pcu cannotCw your cak «i)o h»v 0! I find that tbs members have received back in dividends over lhirleea lhcucandpcuedr, and in interestcx r l)ec lhcurc«) cern. * !m that you may be said to have eaten pour cnke, and to have it still, This is Co-operation with

' egos))&,'0 I You Iia. , &(»ides cash in hand, your buildings, a stock of goodsi loans to the Roobda]e Corn Mill, and shares in

'his bui!(nrxg ) as &I " i&re cost the members literally nothing; —it is& so far ns they are concerned, a perfect creation out ofn«kn 'Do ) ou c &k i.- xx has been done I My answer is—that if vou had bought your goods at retail shops, instead of at thost&xr p«u «cu!4, nr c&. )rsc, have got no interest and no dividends on your purchases. But, by means of Co-operation, you haver( .9,01000—or c&enf. , p& r cent.—upon your capital, and pou have achieved this without doing aaything but change your shop,:0-: inclcx I ci bciug only a palliative for the condition of working meu (as some persons have asserted), will, if wiselycab], ii cn. in a sing]s generation, tc be&omc their cwn rmp!overs without hain from anpbodv. Do ym& want this

nc( fcr Ic sock. 1]'& m &v icl c &bc I &] cla(i c I ] cglccd an I tyc! ( I (a(cfv m&llicn», cnd (9&.nt] l»ll!cg . W ]I, (bc ix cni) c»lt c «I!I b«cp -.( I f ai »t f ur niilli 0 fcmiiicc —I'bc(. ic

]xcr w&rk received ui xx &gee, cr (xx I bun&]i«l uiiili &n 1)coeds 'I& i]Rig p(r annus), rcck&xnin- fif'ipcDuring ibc cuucn femine, ))n (((xx I: I I, ic !&x& I c I . ; I ui ', I(r & c( n (b ir (urn mrr. Sc I

asco, rn)0, 000, (ibc x.cn c l il„„„&i,! 9 -I & m veer) tc S]h000, (00. Wc]i. it folio&vs I'llufsp(nd (heir xvagcs nt cc opcralivc cuir&. f(ciu (bis tuco fiimr &id an&I )r« lhr&r &!«!»Sn fr, ibc) nugb(,

.(, . 0]] 000 (&00 a year! If, &lion, xv( cc um (bc& ihc & »pi(el n ) cry f». (0 cmplc]'0 cc( cf I &) «&r&,nc-balf'xrcrl&ci» for x b fan!]x —(I c, if' c& c&cl'i!]r ibi (l,],00 .0&'I) by go, xrc sbuli find thai xrcitb conipoun I mtcrc I ci thc;ii & u&cni &ic 1 Ruin -, x& uld «i( nn!p bc rip&(cl cuificu nt —saved in cucworkci& iu all (bc foui]ice in I(n I, c I cnd '('I', I

iis, I ask c&nfidcnil] —fc it c& I ibc cic 9 & ibc evil 1 c bi& b (bc u rking rlc cs conqdcin! Butic matt r o ico !ai .( a a&sic; fur I &lo n&u & xp& c( (b it al! xr «)(in ~ cion »&ill at cn&c bc& mc Cc-I d(al cf tixc (c Sci, c( (I i» coed&(&cn, lc&( i( &» I &.»&I le, cnd ic 0 &ruble, —&uul what i. ] cs»iblobc accompli bid. Tc ]mt (bc moner in ann&her fcim, 1 xiii] ref!( In mv &nvn czpcricncc. I com-

'c&gura&irc. uri&(v ic 8 vcmbcr, leoo, lp I»&me I &r cnc sharc, rclu (ucc(y b&!!&cue. Ocly aui&)u«) b, & bccc tcadc ci b . cn iil! ix t h v

EQUITABLE CO-OPERATIVE INOUSTRIAI. SOCIETY,(LYM1TE'Q, )

ly, WATERSIDE, SOUTH, NEAR THE HIGH BRIDGEESTABLISHED 1881.

Report and Balance Sheet for the 34th quarter] ending APRIL, 1870

PRESENT COMMITTEE:And tf)sir Attendance durir)g tks Quarter. ¹.of Msstiugs, 18.

M . H. WHITE, Puss)nunc . . . .. . 11 Mr. R. LEWI8, , ........ ...... 9 hfr, THOS. BRAILSFORD. ....... «E, TEESDALE, Tnnssu)mu „10 u G. HARTI, EY.. .. , ... ... . .. 19 0 J. J. JELLEY .... . , .... ... . bg

JÃo WALKER) Msnaonn 10 i& C BIGGA DIKE 4 0 WESTGL'0. UPTON, S*onmanv, . . . 19 „W. WALKER. ....... ..... . 7

AuditOrS —Mr. GEO. 8TABLER, Mr. G. LDWI8, hfr. E T. TRENERY.Cue Ccmisillec-mau lc be Enclcd sl lhe i]fag fifcetisg& in ploce of hfr. JEJ&LBF& tcho ref(res.

COMMITTEE'8 REPORTTo ms Mus(nuns:—

Y«0& (' 0&&)niff& imv& pl&0 n)W in snlmiiiiin ~ for pmnmi) 0 S!0(cm(ul, of I))( &Scoicty'I& Acccttnts fcr!, I I!I& ()nnri& r, f] 11»vcc1»u) ending Ainu. 9th, 1]]70.

(1&-,)i 11«& ipf» nmonnt tn I!8794. Su. 48. Thc I'rof)!u fcr tb& ()intr(('I', u(f&'r pgyiug 486. Cs, Od,Iuf &'iyul uu Ih)i&l-cp Sl)nres, nro A'IH9. Ig. 9d. , wluch your Ccuun&i!Cc Prur&i 0 ]0 (((v)(lo as fc)lcws;—

))j()&I&'u&) of lu. 9&1. Iu thc I'cuu(I 1'0 hiculb(rn» nu(l u i)ixi&1&8(1 «f 8(!. )u f)&c Pom((l lo those»0;I-11& );)I & I vi)(0 bure brought )u lhcu Chcqucu.

Ilm) 10 )0' (',)))i! (1)c univ 98817. 10. 4(I. f) ) Mcmlicrs luivo )&on& mluiiiic(1 ihiu ()carter& ma)r)ug the

I'I('x()& u iui!0'i'

Amount of PROFITS passed tc thc credit of Members' Accounts since establishment,$2878. 80. Od. Amount of Interest paid on Capital during the same time, $388. 16s. Od.

'I'1)c (' uiuuiilcc hcg io draw your. cupccin) 0!1&ii!)cu 10 1))& Tx)mn&)u«A Dnsnrnv 1)rcsnvs]suv,&&& 1 i& ii ! X &I Rill »& 0 i)i& impcrtm)C0 of giVing it y(mr rn)PPort. ')')(rre Iu 0 Inrgc nuucrtmcut Cf Rcfidy.

Page 2: archive.lincolnshire.cooparchive.lincolnshire.coop/1870/1870_-_Directors'_Report.pdfLINCOLN CO-OPERATIVE SOCIETY, u SLOW, BUT SURE." LINCOLN "UNION IS STRENGTH ~olesale and Retail

CASH ACCOUNT.BECFiIPTS.

Tu Gash in Bank, (super last Balance Sheet)„Cash iu Secretary's hands„Su)s of Goodli, (Grocery aud Coal Department),

uf Geode, (Drapery Depsrtmeut). .., ..I,ia' Contrlbuticns .,

„Frutrance Fees, (deducted frmn Fixed Stack) ..i, Iqdmjnatious, (deducted from Managcmeut Ex-

s.106 8

'I Is5499 19

284 io183 ll

2 13

d6Gt8890

0 I 9

DIHBUBSEME)ITSs. d.P..

By Cash for Goods and Carriage, (Grocery and CoalDepartment) .. . . . . . .., . . . , . . . . ., . . . ... 3061

„Cnsh for Goods and Carriage, (Drapery Depart, ) 255„Mauxoeueev Exrsuses —OroceryDepartment:Wages AIGI 15s 6d; Rent XII Gs; Ratesr21 2s lid; Gas r86 4s 2d; Auditors 15s Gd;Printing, &c., dG tis Bd; Keep of Horser27 Bs 3d; Stock Taking 12s Gd; Leasev24 14s Od. ..... . .. .. . . .. . , ... .... . ... 140

MANAosusuv ExrsNsas —Tailoring & DrapervDepartment: —Wages $25 Ics 5d; CoalsBs 4d; Bent i85 cs cd; Stock Taking 7s Gd;Gev srl Gs 65 . .... ... . ... . ....... . . 32„Non-Members' Dividends last Quarter. . . . ... . 3„Additions to 1 ixed Stuck .. . . . . , .. . . . . 12„Members' tvlthdrawais, ineluduig Interest nndDividcrxls . . . . . . . . , . . . , . .. . , . . . . . . . 181„Cash in Bacli . . . , . . . . . . , .. .. . . . . .... .... 389„Cash in Secretarl'» bards . . . ... . . , .. .. ~ . ~ 6

14 317 0

3 0

12 212 6

8 419 614 2i

r24084 11 Sl r24084 11 3$

FINANCIAL STATEMENT, APRIL 6, 1870. GENERAL STATEMENT.LIABILITIZ S.

s. d.... . ... ... . . . 3317 4 425 18 6$

Tc Members' Capital. .„Reserve Fund ... .„Balance of Stock Aceomh

nr Gross Prolitsr(Sm-eary Department}, . 355 15 6

Less Management Aspen'ses. 140 1 3215 14

Balance of Stock Acccnnt,or Gross Proliis, (Tai.lcring Department) . , 41 17

Less Management Expenses, 32 9 92 'I 6

NETT PAOFITS for the Quarter . .—225 I 2

ASSETS

By Stock in hand, (Grocery Department)(Drapery Department)

„Fixel Stack .... . . .„Cash in Bank and Secretary's hands .

s. d.To Interest on Paid-up Shares. . . . .. . .. . . . . .. . . 36 0 0

„Dividends on i83,600. Members' Purchases,allowing a Dividend of ls. 2d. m the Pound, 210 0 0

„Dividend on Nou-Members' Purchases, at Bd.in the Pound 3 I I

v2243 I I

tvithdrawn from Reserve FundTo Balance of ProRis. . .. . , „,.

PROPOSED DISPOSAL OF BALAI )CE,

C"th

'48ti' '3:-'Itf

i~ Is)f7 Ijb;".);:,

981 1'5

896 12

ig, s. 6To Capital Account, as per last Bajaurm Sheet. . ., 30Gs 14 8

Iutarmt ou Shares ~ ~ ~. ......., ..., ... . . , . 33 14 6„Dtildauda ., ....1. ~ ~ .. ...., . ... ....... .... 226 13 4„Cautributious during the Quarter. .. . , ... .. , 183 11 2

r23507 13 8

s. d,By Wlthdrswsis durulg the Quarter mcluding Intercet acd Divulends .. . . . . . . . . . .. . . .. . . 181 8 4„ Interest and Dividends allowed by last BalanceSheet, not paid to Members, but placed toReserve Fund. . . . . . . . . . . . ... . . .. .. , . 6 19 7„Forfeits on Withdrawals, placed tc Fixed StockAccount . . ... . . . , . . . . . , . ... , ... . . . . . . 2 1 5„Balance, being Nett Capital ut this date .. .. .. 3317 4 4

N83507 13 8

FIXED STOCK.To &Bowel by last Bplsnee Sheet, , ..."„Entrance Fesaithhr Quartar„Forfeits this Qiuursr ., ;" ""~"J„.Balance, (vgiuu, of Fixed stock) ""

rg. s. d.10 0 0913 09 I 5

242 3 5

r2256 I'I 10

By Amount as per last Balance Sheet. ..„Additions this Quarter. . . . . .

s. d.244 5 4

12 12 G

r8255 17 10

RESERVE FUND.s. d.

To Reserve Fund, ss per last Sahmca Sheet, . .. . 17 2 0$., Interest and Dividends allow'ad, IS,last BalanceSheet, hut not requited, .; l cl;,'. .. ~ ~ ~ ~ 6 19 'I

„Allowed by last Balance Sheet;;, ;,.„,l " I 16 11

v225 18 6$

By Balanee, . s. d.25 18 6$

ig26 18 6$

QP. CAPITAL ACCOUNT.

GZOBGZ G. rpi " I'" l BZDWABD T 'I n ' l.l I YGZOBGEl LZvu I l.

Audited and found Correct, APril Soth, IS7O,

' Aunfrcuit ' -'I

INSTBUCTIONS RELATIVE TO JOINING TEE SC. CIE!,TV.

Ycu can join this Society by giving in your name to a Memlicr, or to the Store-'. ; r, vvhi; will plcticupi Iycu at the next Committee Meeting. When ycu giVe in yctu' name yOu pay Oii tiilll mt n, . Nu auGranucfcc, youwill then have to signa bock, dcclarmgyour willingne66 tctake cut at lca34 iii, tin lcnti sItaroa, :,at which time you must pay at least One 8hiffiny, as the i)rut Subscription. The alii; -;.. ill! Pal,),ll,by inutalmentu of Threepence pcr week, or Three Shillings and Tlireepence per quartl' i" Cr J ill, , ba paidin larger sums. Interest at the rate of Fins per cent. , 16 paid on each Pound invcolc '.. S' iii:I vr u»eunable tc keep up the payments, the prost6 on purcha666 (if you buy at the . i'Irc rill \lci 1', mierequires) will cover the SubucriptiouG. Cheques are given with all goods purcjiascc .u ' 1 '):ill i j'it

returncil at the end of thc quarter.

COPIES OF THZ BULES MAY BE HAD AT TWOPENCE L'; 'rjiru

NOTIGE ~

The QUAltTEHLY MEETING will be held on. MONDAY li;I intn:, MAY 'oft~~a'li EIGHT 0 clock, when these Account@ will be presented. —Afterwa ls (..'; i ( onimittee- '.;. '

man will be electetl, to till a vacancy'.

Page 3: archive.lincolnshire.cooparchive.lincolnshire.coop/1870/1870_-_Directors'_Report.pdfLINCOLN CO-OPERATIVE SOCIETY, u SLOW, BUT SURE." LINCOLN "UNION IS STRENGTH ~olesale and Retail

LINCOLN CO-OPEP ATI VE SOCIETY,Wholesale and Retail Grocers, Provision Merchants, and Flour Dealers,

TAILORS AND Iv&I'uAPILAv, s.A large Stook of DBAPERY, to snit all requirements. READY-MAI)E CLOTHES of an Patterns,~ Spepial attentioa is paid to the BESPOKE DEPABTI)IENT, an the work being done 0H the

prpmispa by Oo-operators.

NON. MEMBERS ARE ALLOWED Sd.. FOB EVERY POUN&D EXPENDED.

LETTER FROM WILLIAM HOWITT, TO "THE CO-OPERATOR. «

«Dnau S)n,—You aek mv opinion of Cc-operation for the people. I never had but one opinion upon it. Fifteen yearn ago,whse all great names stood aloof, I advocated it strongly in my ' Letters on Labour, ' in ' The People's Journo)7 and after we& ex

mmle it a prominent topic in my own Journal.«As to Co-opemtion, that must icllow an e sound and univemal education, just ae light follows theme. It is imposmbls for

the peo le to see and understand who t'bsy are, —their real nature, their power, their rights, and their duties, —without at onceoomPrs ending thc mighty and all-rsfor&nmg PrinciP)s of Co-oPcmtion. I used to tcfi my hearers, a dossn years ago, that thpvhad only tp (oblisb cpr baying businpss by Co-operation, Qnd that would be the type and guarantee of a thousand, or of anj&n&'p&1&Q 'yof . '11»»B gvc;i in that dny there wcro such established proofs existing in Lpcde, paisley, and Rochdale. It wap alreadyBet&lcd bcvo»d diop»&m &L,&& the whole secret of successful Co-opera&ion lay in thc people having the intelligence and aslf-restraint&1 dslpgr. & the &»ci»&cpm pt of their Co-opsra&ivo concerns to honest, able, end prudent ngenia With this, it wae clear —sud hQB

Bin o bronc ~

&'icv

'arm —that the penny of the poor men, by adhering lovingly to the penny of his neighbour& can do Qil

thc ro&rap)pc &i&a.. & ~ &b, ands of the rich can do.'& w ba«, m au &1»' &B'.&&vay companies, and tbc joint-stock companies of all kinds, 1&ut Co-opsrativo companies) And whQ(. &9

'&o orcvpnt &hp Q'or)«»g pl &.&s as successfully ca&'rying on Buch cp&npanies ps any othor close, if they have the same inteB)gcncp, nndwi&)i&„ness(oi'& &pi&*»nips principles tako their course, under duo uu&uantccs& The records of thc 'co.ppsmtpr' mpnpw the&p, &«('I o &&h&v ' do«r h»w rapidly these great praci ical truths have become understood nnd brought into action.

&p men who had ra(her spend his pence in'bccr apd & (are«, ' our mitesurp such atoms against the giant ppp&is)B

- are Bush atoms compared with the colossal mannfscturs&'B f being wg)in)j to forget that many of theser &&o

'&'. '. m, were once so atomic ap scnrccly to have Q pair o(' clogs &o their feet. Prus, neither rich nor poor ars

stwholo. We arse))atoms; &bc world, thc univsrso of worlds, is «&ada up of atoms; but(ho onlyo&s that « iii and that wo«'t coalesce.

&f u&-operation ip now making enormously rich &bc individuals who employ' it; and these are feeding andc» &&c class: for a big lump of mcucv gravitctrs incvi &ably towards aristocracy. What do I sps hprp, whprs., -&e month, & Th s o B mapufucturcrs of I ancashlrs buying up the Wolsh estates, an&1 having bought

&Br pf money tho s&uail froeholds of &hclr smail neighbours. Tbo Welsh say —' The Saxons dmvs us. f r& ', .- mar, aud &hcy aro now again, in tbo shaPQ of manufacturers, driving us into the Bcay

&, p .: &rs of a fow prosperous atoms, what are the powers of the great sum of human atoms, when properly», mt bp, Qnd —ss education advanops -will be mviucible. Truth now lies wrapt up in rags and 1&o md

b& u &' '«akes &n&d Bnu&ds up &BQBB &vlil fall from hc&' &Nvu&p fern& lilm regs& end Samson s withpB& &B they are.

bo ph &Bi& 1 Q& n& —, .. .Qcd and co.oPcrativs, constitute tbe world, snd sll its living, breathing fonaa eo the human atoms oncec*&&n..&ted &ri)h 1& ': itive principle, will make thorn heirs of Qll things.

Q p '. & ', &ha&, this is to be done by rovolution and vip)coca. Np such thing. The mfschief of Co-operation, as„p,v p&npjc„, I, o- . , ie the intcnsi(y of sclfiahnsss. The great object of Christianity, which it has bssn so long proclaimin

deaf &,nj, 1., " 1. '. down of this coif, ond the restoring &bc e&)uilibrium, by loving ym&r neighbour as yourself. For thet h&r& . . iro Bll its right I& and ite proper share of physical and intel)setup) enjoyments, we need no violence nor-, , Ao on pcr, r, . . Those classes have only ected according to their natural instincts, end as any other class would hnvp

j« lj&&' '. . . , Qil mado of thc same stufF. Take away tho tsmptatione and comupting opportunities from that class,

B!)nc. . 0 down of bastilss. We shaB require only that tho same opportun&ties shall be open to all; that tbeof 0 o 1 Cp-operntion, which has been the benc6t of the fcw, shall become the bencflt of ths many. A sound

1 show (o avery onp his neighbour's rights, as well as his own; but it will, by thc omnipotent power of&vhoie prcplr, divert tho for&i)ising . (room. »f ropital from a fcw channels, pnd difi'u r (b& &n over &hcoo Pood &o Pull dmvn whatcvor is tali m & Iten m i«no&pro, for Qll those &bmc& w&ll fail and orumblo,

«& . .»i. ... . .. , . , »»&au c &i&oy Qrc foioc Qpd rcuop, ui»pc&or i mo & pf Bo&icty io, by «duco&icn, ipvcotod w&&h thpfull cxcrcisc of i&s faoul&i&B, i&B Bi)i.ctiopo, Qnd i&s conscience. The moral & p&cn&um will ho ski)ted to the other Qpd the free&orscslm

"Those, sir, Qrc my vio&vs of the»wrpt pop&r pf Co-operation. I dp n ( pros&m&c tc utter any rautiono, or tp outcr in(pdiscussion of proc&ical msnogomop&. A& ( & cpu&i ms, ths&c have boon pfii ion&if»&«&v 1 4)' &hc cxpcrionce pf tho lost fcu years;and you have now &hpuoapdo uhc Qro ip&initciy n»&m thp ms&tore of do&oii thon I Qm. I &vppid only Qdd, that I bclipvc th&pn gross of C .»porn&inn &vill bo mpr& ropi 1 (ban is gonprallyi&naginod. Wo cro not to Buppooo &hst &1&sr»&upval of every sooiaiand political impcdimcnt will rrfiuirc, at rvcry o&op, a bat&lc ao (iorcc Q»1 &).&mo&c o &bot &' r &hp abolition pf the Cpm I p'QB,Cuix!Qn and B&igh&. Qml thoir coodju& ro, w &o &0, that crisi ~ lifo ) crd 11'&lima&op Qpd I.prd Hill, with Bom&. 20,000 pf Bri(ishtroops, driving 200,000 long-vien&nouo pron hmcn ppt of )'r&&&«go) apd Spain. In the &omp&igns of Co-operation, &hc 200, 0puwill soon bc on the popular side, for tlu&t Bido is logion; and as the dawn pf educe&)un rcarhcs them, they will B&art up and join &hrinnum&rablc phalanx.

"tyish)og vpu ail encouragement in this great Qnd good work,« I rrmcin, dear Sir, yours foi&hfplly,

«Pcnmscnmawr, V, Wales. " )VILLIAM HOWITT.

PRINTED BY PACY k OUZb)A&V, 312, HIGH-STREET, LINCOI, N.

"SLOW, BUT SURE." UNION IB STRENGTH. E

LINCOLN

PRESENT COMMITTEE:Aa&f t1)sfr Attenduncs dnri«g firn Snorter. (Vo. of (vfept)ngs, 18.

M . H. WHITE, Pxvp&nn«T . . . . . . 10 ' Mr. G. HARTLEY . . . . . . . . . . . .„12I

M . If. HILLE. TELSDALE, Tnnaeunxn . . )0 l u 8, DIXON, , . .. , . . . . .. , . . . )3 * «VV. WESTGEO UPTON& Sscnevauv . . . , 13 i &, P, THORP g . . . , . . . , , , 12

~

J. WALKERR. Irwls . . ..... . .. . . . ..... 1) I

~ „Tilos. BRAILsrono . . . . .. 7Auditara M, , GrO STABLER, p bin G, LEWI8, Mr. R T. TRE&EERY

Retire by rotation, bui erc Qi) ciigiblr for rc-rico))cn.

COMMITTEE'8 REPORT.Tu THE MEMEEES:—

Your Committee have pleas&up in eubmitfiag for pmupal a State)nant of the Sopiety's Accounts forthc 86th Quarter, (18 wopkp, ) padjug Jurv 8th, 1870.

The Cosh BecoiPtp amount to R8792. F&s. 1d. The Prof&te for the Qua)40T, after Paydog 887. 160. Od.fur Interest on Paid. -uP Shares, aro 1286. 16e. 9&1., which yuar Coounittsp PrOPOse to divide as folloes:—to give 0 Dividend of 13. 4d. in the Poaad to Mpmbuyp, aad 0 Dividpad of 76. in tho Pound'tn thoseNon-Members who have brought ju their Chpqaep.

Mpmbere' Capital jg now 88468. 63. 1d. 4O 1)lpmbprs bove bppn admitted this fjanrtpr& maMHE tha '

pregeat number 812.Amo)IRt Of PROFITS Pagged to the Credit Of Mam'hera'Aaaountg ginaa egtabngh15f)gtix

.k3088. Bg. Od. Amount of Inbeveat paid on Capital during the Same Mma, A'484. Ieg. Od.The Committee bpg tn draw your pppnpin) nttpntioa tO the TA&r.pmva &b Dnapaav DEpbavb(EST,

and trust ypu will Bpp thp importanco of giving it your support. There ie a large assortment of Beady-made Clotlipp, Apu Ac. , in Stock, and pvp)7 pxertiun will be made to give entire satisfaction, Gouii sbguaranteed: aud, np the work is done by Co-operators, thp quality may bu relied Hpun.

The Secretary attends the Stores every Saturday Evenifig, from Eight to half-past Nine 0'plonk, torpppivp cpniribationp, pay withdrawals, pnroi How Members, J&0.

The Sturus nr0 closed eveyy WEHEEEHAT Ar TEEEoog, at One o' clock, for thp bpnpdt of the Employee.COALS of .01&1&&utopd &vuight and q&tahty BHPPBPd. with Panptuality.CHEQUES )nust be brought in on the FIRST MONDAY and TUESDAY EVENINGS

IH JANUARY, APRIL, JULY, and OCTOBER, from 7 to 9 o' clock. No Cheques af less valuethan 102, will be received, aod Members are raquuntad to bring their Cash Books at thetime, to insure tj)u correct number.

I-0" M& u&1&&1:1 v 8 & riiunlprly r& qnriiu&1 in (xrba»gp ihpir 7'i u ( 'i&(»)&«B pr ufiuu ni Puipibk, bat nut.0» F& 1&101'&,' ur 8;&1 &«&1;&yi, &0& Qrcunnt uf th&& p&vp»Burp of bupinu«i uu t]&«i&& &lay».

1",I«;1 r»& il(u 1'&riv Wvuxxiuav &i )Ax«any, A&mn. , Tu». ,&i« ()«" r&«r'n.

III)A/1'I'I:ll), '&;,)).')YPINOS Pr& hei&1 m& ih lrrrmr Ifuiuav &n F&&br&our. I/ar, Au«upr, A N0VE))EEE,

'rhp 1&ion&1&&1' l1'&v&' 1&u cli ii&/0 iuvu»i&Hunt furls& jr Capital; nn iuv& i) ««»i Bpf&. «uund, a&)&3 profitabjp,rcaijeh&«F& p& r r&pi. ; r&uubiuiu 11&( Bururitv pud 1'aciliiicp of a 3)puk, &rjih ibu profits of Trade, eanhJipmbpr b('iu" QH&&u«1 iu in)&0 fru&u ()nu tu Oou Ihm('jrpd Sjmrup, Paynb)0 at uucp, or by H&stalmeate Of'I'hrppppncu p& r &v«1; ihp pru/iir nrp dividud I&&, they accnm&&k&40/ &innrtur)y, iu pr&q&prtipu tn theamount of uad& iklcml»&r'n inuchaius.

Thp u Cp-u& m«r&»:" nnd 'AET)-)& Ac&)1 AT«n,"

(Id 0 &ch, wuel&)y ) may bc 1&08 uf Mr. IIEAYS, Danu'Bgaie.

EQUIT/(BLE CO-OPER/&TI)/E II&OUuTRI/(L SOCIETY,(LIMITED, )

14, WATERSIDE, 80ITTH, NEAR THE HIGH BBIDGE-EBTABLI SHED 1881.

Report and 3alance Sheet for the 35th quarter) ending JULY 6th, i8"N

Page 4: archive.lincolnshire.cooparchive.lincolnshire.coop/1870/1870_-_Directors'_Report.pdfLINCOLN CO-OPERATIVE SOCIETY, u SLOW, BUT SURE." LINCOLN "UNION IS STRENGTH ~olesale and Retail

FINANCIAL STATEMENT, JULY 6, 1870. GENERAL STATEMENT.LIAI3ILITILP S. ASSETS.

BEiCEIPTSe,

To Cash in Bank, (asper isstBalanre Sheet) . ... 383 19„Cash in Seoretarv's hands 6 14„Sale of Goods, (Grocery and Coal Department), 5394. '9„Sale of Goods. (Drapery Department). . . .... . 3971 13„hlembers' Contributions. . . . . . , . ... . ..... .. 1'18 8„Entraoco I"ees, (ileducted from Fixed Stock) .. 2 1 1„Noniinstions, (deducted from ManagemcntErt.

pemus) 0 0

d.G

St11

00

By Cash for Goods and Carnage, (Grocery and CoalDcpsrtmsar) .. . . .. . . . . .. .. . . . ... . . . . . . 3410

„Cash for Goods and Carriage, (Drapery Depart. ) 368„Mswsssuvav Rxvsssvs —GrucviyDvpnrtment:

Wages 4105 7s ld; Rent v211 5s; it*resvss 2s 9d; A(ljustmg Weights 5s Od; Gass34 lcs 1 td; Auilitors les Od; Printing,v29 Gs 7d; Keep of Horse a97 'is id; Com-mission nt 13s Oil; Stock Taking lcs Od;Insurance v91 ics Sd; Cheque Bock 5s Od;Stamps 5s Oii . . . . . . . . . . . . . . . . . . . . . . . . .. 139

„Mews eau exv Exr vasss —1'ai luring & DraperyDepartment: —Wages i820 Os fid; Bentdf5 Os Od; Ciuls ics 4d; Gas cs lcd; StockTaking ice Oil; Rates Gs Gd; Insurance lss, 27

„Non-Members' Dividscils last Quarter. . . . . . . . 3„Members' Withdrawals, incluihng Iriterest aod

Dividends . . . . . . . . . . . . . . . . . . . . . ~ .. . 282„Cash in Bank . . . . . . . . . . . . . .. . . . . .. . . .. . . i27„Cash in Socretary's bands . . . . . . , . . ... . . 11

4 G

1 4

17 21 1

G 313 1011 2$

i94359 18 v24369 18 6$

CASH ACCOUNT.DISI3URSEMENTS

To Members' Capital. . .. .. . . . . . .Reserve Fund

„Balance of Stock Account,or Gross Profits, (Gro.rory Depsrtnieut) .. SSO 11

Less 31anugement Expenses, 139 2115

241 9 6

s. d.3453 5

419 vtBy Stock in henri, (Grocery Department)

(Drapery Depurtment)Fixeil StockCash in Bank and Secretary'e hands,

„Balance of Stack Account,or Gros~ Proliis, (Tsi.lcnrig Dvpsrtiucut) . . 69 18

I.ess Management Expenses, 97 17

NET'I' PROFITS for tbe Quarter

52

32 1 3273 10

i83 31 16 6t

To Interest on Paid-up Shares. .. . ..„Drvidends on r83, 4 &O. Mombers' Purohnses

allowing c Dividend of ls. 4d. m the Pound„Divideod on Non-Slumbers' Purchases, at 'ld

in the Pound

„Reduction of Fixed Stock . . .. . . , , . . ., ,

228 0 0

4 8 63 7 4

v9973 IO 9

To Balance of profns. ..

PROPOSED DISPOSAL OF BALANCE.E, s. d.37 15 0

s. d,2343 18 71012 0 0956 11 lo189 5 OI

dt3731 15 5)

s d274 10 9

r2273 Io 9

s. d.

To Capital Aeeoent, as per last Balance Sheet. ... S317 4 4

., Interest ou Shares, 34th Quarter, .... .. ... . . SG 0 0„Divideuds, , „...... . , .... 210 0 0„Contrlbutious during ths Qearter. ... . , ... . , 178 8 0

r23'141 12 4

is. s. d.By Withdrawals during the Qoarter, including In-

terest end Divxierds . . . . . . . . . .. .. . ... . 282 6 3„ Interest sixl Dividenils sgowed by last BalanceSheet, not paid to Members, but placed toReserve I"und. . . . . .. . , . . . . . . . . . ... . . 3 0 5„.Forfeits on Withdrawals, placed to Fixed StockAccount . . . . . . . . . . . .. . . . . . . ... . . . . . . . 3 0 7

„Balance, bcmg Nett Capital at this date . . . . .. 345S 5 1

s93741 12 4

FIXED STOCK.

Bo Eutrsuoe Irsdb thli Qiavtes„Forfeits t)ds Qttartss„Balance, (Vilss iif. Fikqd Stock) ..

s. d.911 03 0 '1

236 ll 10

i9242 3 5

By Amount as per lust Balance Sheet. .s. d.

242 3 5

8242 3 5

RESERVE FUND.ss. s. d.

To Reserve Fspd se psr hst'Balaues Skaet. .. . 25 18 Gl

„Isterset rtnd gtvkfev/dc it)(owed by B'at BalanceSheet, huthot'requited v ~ .i ~,i. "., 3 0 5

v928 18 ill

By Withdrawn, 34th Quarter. ..„Balance,

s. d.2319 4419 yt

vs28 18 lil

Qr, CAPITAL ACCOUNT. Audited and found Correct July Bqrfi 1870

GEORGE G, ST,; FllEDWARD T, TRi' v

LEW1-A» " lolls.

INSTRUCTIONS RELATIUE TO JOINING THE SOCIETY.

You can join this Society by giving in your nsms to s Member, cr to the Store-ksspsr, who wi)I propossVou at the next Committee tvIlssting. When you give iu your name you pay One Shilling ss an sntrsncsfss, you will then have to sign 8 book, dsclaring your wiuingnsss to talts out at least flvs One Pound Shurss,st which time you must puy ot least One S/iilling, as the first Subscription. The Shares must be patri upby instalmsnt9 of T/ircrpvncc psr week, or Three Shillings anil Thrccpcncs psr quarter, or they may bs patriin largsr sums. Iwfsrest at the rats of Etvc psr csul. , is pair) on sach Pound jnvsstsfi. Shoulfi yo» bsunsbls to keep up the paymsnt9, the profits on purchases (if you buy at the Stors8 all your famfiyrequires) will covsr the Subscription8. Cheques srs given with all goods purchaSsil, snfi thsymuSt bsreturned at ths snd of the quarter.

COPIES OF THE BULES MAY BE HAD AT TWOPENCE EACH.(ruNN OVER.)

Z& O rICZ.Th, gUAI(TEIILY MEETING will bo hei&1 in the BAPTIST S, ",I()OL ROOM

ST. BENEDIcT s SQUARE, on MONDAY Evening, AUGUST 1st, ~ 1 ElioHr o cjocl-

when these Accounts will be presented; and, iu accordance with tl:Stl;Mtu GIstBules, the following Elections will take place:—President, Treasfsre " vlarii, 7itsree

Cofnfnt'ttee-mett, and. One 2«ditofq

Page 5: archive.lincolnshire.cooparchive.lincolnshire.coop/1870/1870_-_Directors'_Report.pdfLINCOLN CO-OPERATIVE SOCIETY, u SLOW, BUT SURE." LINCOLN "UNION IS STRENGTH ~olesale and Retail

LINCOLN CO"OPERATIVE SOCIETYholesale and Retail Grocers, Provision Merchants, and Flour Dealers lTAILORS AND DBAPEBS

A large Stock of DRAPEBY& to suit nll requirements. BEADY-MADE CLOTHE''S of njj Patt»rue.~ Speoinl nttcntipz is paid tc the BESPOKE DEPABTMENT 11 tjx jx b', n e wpt 'sing done on thepremises by Cc-operator».

NON-MEMBEBS ARE ALLOWED 8d. FOB EVEBY POUND EXPENDED.

BLOWy BUT SURELIN COL

"UNION IS STRIgNCjTH. f' "

:,* l

Ej)j)IT)(BLE GO-j)PERATjVE jNj)()STRIAL SlKjETV&(LrMrrED, )

ESTABLISHED 1861

"CO-OPERATION. cDm.n Goonsax, —If I remember rightly& when I wae with you at C, you were sa iu that ou hedthat you had worked hard for, and whioh you would be pleased to invest inthe Banhur Co-0of ite a&'airs, and could feel tati&died of the safety i' v. I d'dthat, —as there aro other working men similarl situated, and wbo, although they may h

mes, xno er styoumay spew stthesometyhas done, what tisdomt,, so soon ac& mesne an cyroumstanpesI&ermity and can only hope they may do something to satisfyIt iss o i e e y, au so o b& olaims to your regaru and assistance.t is now fom years since the Sooiety wae started, It was commenoed b smeuc o wo mg en&k yo rse, w o,tell „o ho teo(ated working-mpu genetall are from each other d h &Bi» l

is e a gree r wor t an wae ever before accomplished in this town and nei-to thar fot en ur oso wh

m eas o or, an ow Ygpu t o tacit it is to get h -a-doeen' of them to sctge o y purposo whatever. Well, t e otigiuators of the Co-Operative Sbcietyhavs done this'. —Thh hats'ore»ted'sintorest amongst the working-electee as to bring eight hundred heeds of femiliee to»other, eud eet them workln for''oneThey have established eo muoh con&dence in their minds seto enable'themto reise& in ve smell sums, there ecteble&2,000& i&nd with this sum to trade and do business to th om «ot f »28 ppp'

Th .h 1'o ou o, &' ey. avereaissd end divided amor' t'the selprofits smpuutin to &2 I&00. The have built a storehouse and &lied it with food; every brick of whloh, with ez it contains is aidstandin all thfor. They have orees end carte o their own, and several pairs of hands engaged in theirservic; d th h 4 h

'g e frauds that were to have beou ogeoted, aud all the robbery end running away of employee which, according-to thepredictions of not dieiatcrested prophets, wae to have taken plsoe. The Societe now engages in the eels of groceries, brea ooeleand shoes of every descriptiou. Ite weehly takings. aie nomat, the rate of neatly &20,000' paw yeat, aud it ma be smd to he in athoroughly sound and Sourishing condition.

Important, howevst& ss its operations are& thppmight be still more so, There srs severs'i other branches of trade on which itmighj entet st ouoe with safety aud oertainty of suooess, if ite means szowed. You will bear in mind the Society dpes npthjn pf aspeoumtive charsoter. It deals in nothing but what ie of every day service to its members, and whet is more important eybfl, foru&e&b&bfon&u the. oredit system not being sBowed, either in the purchase or the eels of goods. Purther, the-Sooiety ie not Eke anordinary tradesmen commencing or extending his business& who hae to depend on others for custom aud eupporb tbo Soynsty has itemembers for customers, which renders it ant&rely independent of the ouieoie world.Hitherto ite members could be supplied with the before-mentioned articles only, but there are others whioh are needed, and mustbe had. There is, for instance, moat eod olothiog, drapery eud hosiery& au of which the Society might supply; so that its memberswould not have to go elsewhere for anything they need: besides, by eo doin'g, both the receipts end j&tozts would bc en»meuted; theworking. pleases would oease the foolish practice of carrying thoir oamings se soon as they receive them to make othes tjnhj and; ids short time, they themselves would become the a»ducat end prosperous portions of the community.But food and clothing are not the only things the working-people need; aB must have shelter, and some kind of a bonis; andof all things the manner in which the people are housed ie, in my mind, the most unreasonable, The working-olasses alone dig theoley, out the stone, end build all the houses, mansions, and palaces in the laud i end yet not one in a hundred poeeeeee a peltate ofhis own, All are obliged. to hiro, and pay rent for, houses they themsolves construoted; and for s man to live in a house,

aud payrent for thirty, forty, or Bfty years, and the house to be no more hie own at the end of that time then it was when he entered it, iedisheartening indeed. The Society could well undertake the matter of building houses, without the slightest risk or loss, and &otdoubt will do eo as soon as its insane (which must corno from its members only) will permit. What a happiness it will be for theworking-classes to be relieved from those weetdy or monthly visits oi landlords or landladies collecting thoir rents, which never are,hut always must be paid! I would have ou houses belong to, eud all rents paid to, the Sooiety; snd the tenants should reoeivetheir cheques on the rent, in the same manner as they recoive them an the goods purchased at the store, In a comparatively ehotttime they wouldhave no reuts to pay, only as they reoeived them back in the shape of dividends, end thus their happiness wouldbe increased.Whilst the Society would be thus engaged feeding, clothing, and housing the people, I eee no reason why it should not purohasefarms& on which ite members could produce their bread and meat, or erect faotoriee, in whioh they could manufaoture their boots andshoes clothing, and almost every srtiole of domestic uee( have thus pointed out a few of tho things whioh I think the 8ociety could well undertaker and before I olose, let me say s fewwords on the des&rebility of their being oarried out.The produoing clseeee must abamlou aB hope of their condition ever being bettered by any but themselves, Ther have waitedfor this tobe done by others, aud have waited in vain. - Want of employment aud pauperism are on the increase, Ajj theineituuousof society are framed with the view to make the rich richer, end the poor poorer. If you examine the matter rou wiz Sud it ic beinvariably the case, that where men grow rioh they do so es& of o&h&r&t. feb&et. No one hae so good a right to the thing produced ss

he ot &hey who produoed it. Tbe labouring olesses produce the wealth& only to be despoiled of it ae soon as produced. This is donebv a variety of mecca, perfectly lewi'ul, eud as perfeotly unjust. Whet right has a family, by the aid of money, or rather the mtereetof money, to live for generations without producing one penny'sworth of aB they consume y To acknowledge the reotitude of suche thmg etc outrage ell the knowlodgo aod souse we have of righb eud to make God, who ie no reepeoter of persons, the suthpr pfthe grossest fsvouriiiem. Enormous as ere these evils,'

&they are capable of being remediedy eud of all the agencies to egect yhte

fi«rpose, I know of none so suitaj&le, so couvenieut, so oompetent, as Co-Operation. 'x'he people sre just beginning to undemtand tue;ence the prodigious strides it ie making throughout the'couatry, and indeed throughout the world, -I am, yours fsjthfu&y,

T. S.PRINTED BY PACY bb OUZMAN, 212, HIGH-STREET, LINCOLN.

Eeyore and Balance Sheet fOr the 36th guarterf ending 00TOMR'6th, 1870, ",.:,;.":,

PRESENT COMMITTEE:Arid theii Attendance during the Quarter. 17o. cf Msetirib&e, 18.

Mr. H. WHITE, Pass&nant, . .. . . 12~ Mr. G. HARTLEY . ... . . .. , ..... 12 Mr. PL HILLB. TZBSDAI, D, Tneaaoymn . . 0l

„B.DIXON, , , .. . . . ~ ~. . . . 0 o W. WEST .. . ..... . . ...... »GEO UPTON SsolinrZaf . ... 12 » &P THORP E 12

&y y WALIfdtu I'o R' LEWIS ' '' ''' ' '' . 7 I & THOS BRAILSPORD

Audjbops —Mr. GEC. &TABLER, Mr. G. LEwI&, Mr. R T. TBENERY

C 0MMITTEE'S REPORT.To vzz Mzzzzns:—Your Ccxumiitcc have pleasure in submitting for perusal a Stntemeut of the Society's Acccuuts fcxikc 86tjx Quzrter, (18 weeks, ) ending Ocronzs 6th, 1870.The Cash Becejpj» nmonui ip $4086. Is. 6d. The Profits for the Quarter, after pnybxg 840. Os. Od. "', .&."I,for Interest on Pnjd-up Bjxare», are 8784. 10». 7d. , whjcjx your Committee popo»a io divide as fcnjkWatto give n Dividend of ls. 4d. in jbg pazud ja Member», aufi axDIvideud aj' Bd. ju the pazud be' 4Eaiz . &"-

Non-bfexuhere whp have brought iu thei't Cheque».Members' Capital is uow 88670, 8». 7d, 88 Mcmbsfz jxzva'b»eu admjtied this Quarter, mzjbjug 4k&,+;.=present number 817.Amount of pRoFITs' pzsnnd tc the credit cf' Member»'Accouutz ziuce ezhgblljjdjjucjfjjjjf7'"';$3163. 10s. 4d. Amcuut of Iuterezt paid on capital duriug tjte'nzfue tiuie, A'44e. Iss Od,

The committee beg to'draw your eepecjni ntteutjou ta thc Tbxx pm»a &b Dzapzzr Dzpbzzbuutp&nnd trust ypu will sec the iuiporiance of giving it your support. There is a large nssprtmnui af: Eb" Y;mzds Clothes, Ac. , Ac.f iu' Stock, nud every exertion will bc made to give entire sntjsfnciiax4 '0~gzznmt»eil; aud, as the work 1» done by Co-operator», the quality mny be relied upou.

'rjxe Secretary attends the Stores every Saturday Evening, from Ejgjxt tp half-psst Nju» c'ol&B9P, :.'%;20&gfvg'cbutrjbutjous, pny withdrawals, curol new Members, etc.

The Store» are closed every Wzxyzz»xyar Azrzzzooz, zi Oue o'cloak, for thc beucflt of ikz ~+jiCOPALB of guaranteed weight nud quality ezijpjjgd wtjjx'punct(xnjxty.CHEQUES must be brought iu on the FIRST MONDAY aud TUESDAY, EVEI&TYNfpSiu JANUARY, APRIL, JULY, zud OCTOBER, from 7 to 9 o'clack. No Chtbquajt Of lcnzvaiEj)jtb&tjxzu 10». will be received, aud Member» are requested to bring their Cash BoORS tttime& ba insure the correct number.Ref Members are Particularly requested to excjxnuge, 'tj'xjyjt" Tin Cheques ns ofteu. n»'Pc»»jjylg& but npiau Fffdb)&s or Saturdays, on ncconzi of the pressure cf busy&re'ss "on those days.Stocks arc taken ou the Ffzzw Wz&zzsx&AY xz Jastjanrl Atzii, Junr, Attn Oc»assn.QUABTEBLY MEETINGS nre hald cu the Fr»sr MONDAY xz Fzznqbzr Mar 'Aryzxx»z A Npvzsm 2Tjxe Members have nu eligible inv&)sbmo&J&i&or fjxejf Cnpi jajr iiu jnvcstmeut safe, sound, aud profitnbjetsnjjsmg 6 pcr cent. ; combining tjxe »comity nud facilities of n Bank, wltjx thc&profits af TMbmbcr 'being nllajved, tp tate from, oue to &Oac., Hjxlxdrict Bba&tc», Payable ag»bess»i &' ' ':,-',~WLTjjhwjjpcI&cc pcr 'we(0k' Ij the pro'fij» ar'e jjjvlded (aji tjjejy acczmzlz»tr) ojjtfgdjjbjgg'bjIicgjp

' ' '

„', .-v&1'5 '" ' . '.:j!',nfdp&xxxt 'of cddh' Member's pure jxnses,

The" Commune" nud "Azxx-VAccxzazps, " (Id czcjxl Weekly&)'may'be hid fyf MI&i)jOtjk

Page 6: archive.lincolnshire.cooparchive.lincolnshire.coop/1870/1870_-_Directors'_Report.pdfLINCOLN CO-OPERATIVE SOCIETY, u SLOW, BUT SURE." LINCOLN "UNION IS STRENGTH ~olesale and Retail

1

CASH ACCOUNT.RECEIPTS,

6Ed Cash in Bank, (se yer hmt Balmmc Sheet). .. 127 18 10„Cesh in Secretttry'4 hands

' „..., I I 11, Bsiaef Gccdet(orecevyeudcoslDetmrtment), 3749 3 4„Snlacf Gccd, (DWWry. neymtment);„„. .. 283 18 2vi Mtenbers', Collfrtbktletm, ., '. ..'. .., ..., .... 1/9 19 6„Entmncepses, (deductsdfromFixedstock) .. I 3 0„yftdsinatious, (dmlueteil (rum Management Ex.

pensm) ...., , ......., ..., ... . ...;..... 0 0 9

DISBURSEMENTS.e. d.

3443 15 9246 '12 7

By Cash for Gouda and Carriage, (Grocery and CoalDepartment)

w Cash for Geode and Carrtage. (Drapery Depart. )w bgaxeemtsxs Exrsxsss —GroceryDepartment:

WaemAI07 14s 6d; Rent At I 6s; Auditcm15s Od; Printing A2 2s Od; Stock Taking10s cd; License 5s ed; Gas Ae 7s 7d", Keepof Horse Ar tcs Od; Rent of Room for theQuarterly Meeting 6s Od

, Masaasusss Exrsssss —Tailoring & DraperyDepartment: —Wages A25 Os 8d; RentA5 Os Od; Conic 5s 2d; Gas 5s 2d; StockI akmg Ice Od. . . . .

„Dcnaticn tc the "cc-operator" Fund„Ncn-Members' Dividcuils last Quarter. . . . . ...w Members' Withdrawsle, including Interest and

Dividends„Cash in Bank„Cash in Secretary'e tiands

132 14 3

31 I 0O 0

4 8 5

223 12 5248 ]G 10

13 6 3t

F l N A N C1AL STATE MENT, OCTOBER 6, 1870. GENERAL STATEMENT.LIABILITIES.

ve. a. d.3670 9 7

4 0 7$Tc Members' Capital.

ig Reserve Fund .. .„Balasce of Stock account,

cr Gross Prc6ts. (Gro-cery Departinent) .. 428 15 11

Less Management Expenms, 132 13 6—296 2 5„Balance of Stock Account,

or Gross Prcfits, (Tat-tering Department) .. 59 9 2

Less Management Expenses, 31 1 028 8 2

NETT PROFITS for tive Quarter ..—324 10 7

A3999 tt et

ASSETSa. di

By Stack in hand, (Grccery Department) .... ... 2473 6 11(Drapery Department) . ... . .. 1033 3 7

„Fixed Stock . . ..... . ... .. .... ... . , . . .., 230 5 2., Cash in Bank and Secretary'e bands. . .... .... 262 5 If

ve3999 11 et

To Interest on Paid-up Shares. .....w Dividend on A4, 000. at 1e. 4d. m the Pound. .„Dividend, (Ncn-Meinbers, ) at ed. in the Pound

Reduction of Fixed Stoat„Reserve Fund ...... . . . ... .,

s. d.40 0 0

266 13 44 8118 0 05 8 4

To Balance cf Profits . .. s. d.324 10 7

A324 10 7 A324 10 7

vr. pROpOSED DISpOSAL OF BALANCE.

e ti

CAPITAL ACCOUNT.

A4346 9 6$

Examined and found Correot, October 99th, 1870,GEORGE G. STABLER, IEDWARD T. TRENERY, IAUDIToae.GEORGE LEWIS,

A, s. d.ance Sheet. ." 3453 5 I

8716 0228 0 0179 19 8

;ti'tTctbv"-" -:".

Supe'tat(tet tv eager Itstt Btd,*tlat, ' ~'I 'eo Skbtesv 85th Quarter

tbe Qctsrter

A8898 19 4

ve. s. d.By Withdrawals during the Quarter, including In-

terest and Dividends ... . , . . . . ..... . ... . 223 12 5„ Interest and Dividends allowed by last BalanceSheet, nct pa«1 tc Members, but placed toReserve Funil. . . . . . . . . . . ., ... , .... . . . 3 I 0

„Forfeits on Withdrawals, placed to Fixed StockAccount . . .. . . .. .. . .. , , . . . . ......... . I 16 4

„Balance, being Nett Capital at this date .... . . 3670 9 7

«23898 19 4

FIXED STOCK.

Te Agewed by Itat Balance Sheet„Entrasee Fees this Quarter„Pcrfeitrthia Quarter

ence, (Value of Fiswi Stock) .. .

s. d.3 7 4I 3 0'I IG 4

230 5 2

v8236 11 10

By Amount as per last Balance Sheet . .s. d.

236 11 10

A236 11 10

RESERVE FUND.s. d.

I yjeesfss Ftmdt a3iuilrdtts3 Bsbmcs Sheet, i; 4 19 yt„,IMI)te'st sml Drtdtg'uly tdktwp6. hy, last Balance

'. wsbsts, hnt'nol retytared .I. .., ..... . , , . 3 I 0

438 0 7$ tee 0 rt

A. s. d.By Donation to the "codopsratcr" Fund .. ... 4 0 0„Balance. ..... . . . . . .., .. .. .. .. . . . . . . . . , , , 4 0 2$

NOTICE.The QUARTERLY MEETING will be held in the LARGE ROOM adjoining

the BIITTER MARKET, on MONDAY Evening, NOVEMBER 7th, at EIGHT o' clock,when these Accounts will be presented.

LINEN xkND ~VOOLLEil DRAPER Y.Tho Committee beg to call your attention to this department. Having purchseed a large quantity of

BLANKETS, FLANNELS, and CALICOES at 8 great reduction, the Game will be oficrcd. at remark-ably low prices. A large assortment of Wool Plside, Stuffs, Winceye, and Skirtinge; Fancy Planncle,Shirte, Hosiery, Pelt Hats, Caps, Collars, Ties, fto. Blaclt Broad and West of England Clothe, SootchTweede, Ladies' Cloakinge, Rosily-made Clothing, Bo., Ac.

CLOTHING CL V33S SUPPLIED.INSTRUCTIONS RELATIVE TO JOINING TILE SOCIETY.

You csn join this Society by giving in your name to a Member, or to the Store-keeper, who will proposeou st the next Committee It(ecting. When you give in your name you psy One Sliilling as an entranceee, you will then have to sign a booli, declaring your willingncee to take out at least fivc One Pound Sharee,

st which time you must psy at least Ons Shilling, ae the first Subscription. Thc Shares must bc paid upby inetalmente of Threepencc per week, or Three Shiffinp and TItreepcncs per quarter, or they may be peidin larger sums. Interest at the rote of frise per cent. , 19 paid, on each Pound. invested. , Should you beunable to keep up the paymcnte, the profite on purchases (if you buy at the Storee all your familyrequiree) will cover thc Subecriptione. Chcquce are given with sli goode purchaeed, and they muet bereturned at the end of the quarter.

COPIES OF THE RULES MAY BE HAD AT TWOPENCE EACH.(TURN OVER. )

Page 7: archive.lincolnshire.cooparchive.lincolnshire.coop/1870/1870_-_Directors'_Report.pdfLINCOLN CO-OPERATIVE SOCIETY, u SLOW, BUT SURE." LINCOLN "UNION IS STRENGTH ~olesale and Retail

LINCOLN CO-OPERATIVE SOCIETY.

TAILORING and DRAPERY DEPARTMENT.

"SLOW, BUT BURE."LINCOLN

"UNION IB STRENGTH. "

EQUITABLE GO-OPERATIVE INDUSTRIAL SOGIETV,

Page 8: archive.lincolnshire.cooparchive.lincolnshire.coop/1870/1870_-_Directors'_Report.pdfLINCOLN CO-OPERATIVE SOCIETY, u SLOW, BUT SURE." LINCOLN "UNION IS STRENGTH ~olesale and Retail

CASH ACCOUNT.RECEIPTS,

To Cash in Bank„(as per last Balance Sheet), ~ . 248» Cash In Secretary's hands „.. . , 13„Sale of Goods, (Grocery and Coal. Department)& 3359„Sale of Goads, (Drapery Department) "~ .'. 876

., Entrance Fees, (deducted from Fixed Stocli) ..» Nominaticns, (deducted frcin Mansgemsnt Ex

pensee), ... . .... . . . , . .., .. .... . . . , , .„0

s. 416 108 St

19 34 50 38 0

0 9

DISBURSEMENTS.

By Cash for Goads and Carriage, (Grocery and CoalDepartment) .. . . .. .. ... . .. . . . . ... . . ... 3679

„Cash for Goods end Carnage, (Drapery Depart. ) 347„Maxseansne Exrsxsss —GrcceryDepertment:

Wages &aiia 17s 6d; Rent All 5s; RatesAa 6s Sd; Gas ssa 12s 1 ld; Printing, Rm,A&2 16s Od; Keep of Horse, &27 15s Od;Stack Taking lcs Od; Auditors 16s Od;Stamps 6s Od; Commission cs sd .. . . . . . 142

Mswsesnanv Exrsxsss —Tailoring fk DraperyDepartment: —Wages &892 14s 6d; Rent&95 Os Od; Coals los 4d; Gas A&2 6s lod;Stack Taking los Od; Rates 8s 6d .... .. 31

„Non-Members' Dividends last Quarter. .. . . ... 4„Members' Withdrawals, including Interest and

Dividends . . . . . .. , . . . . . ... .. . . . ... . 279„Additions tc Fixe&i Stock, . . . . ... . . . . . . ... . 6„Cash in Back .. . . . ... , . ...... . .... ... ... 13'1„Cash in Secretary's hands . . .. . . . . . . . , ... . 16

FINANC1AL STATEMENT, JANUARY 4, 1871.

6 60 4

8 7

10 18 11

5 41 0

16 210 105

GENERAL STATEMENTASSETS.LIABILITIES.

s. d.3816 3 8

31 16 Ok

'lo Members CapitalReserve Fund

„Balance of Stock Account,or Gross Pro6ts. (Gro-cery Department) .. 439 4 5

Less Management Expenses, 142 '1 10—296 16 7» Balance of StockAccount,

or Gross Prc6ts, (Tai.lonng Department) .. 69 4 1

Less Management, Expenses, 31 10 1——3714 0NETT PROFITS for the Quarter . . —834 10

&94161 10 St

By Stack in hand, (Grocery Department)(Drapery Det&artment) .~ . .

„Cash in Bank and Secretary s hands ~, ..., .„Fixed Stack .. .. .... ...... . ... . . . . . .

To Interest on Paid-up Shares. .. . .. ..~ .. ~ ~ "~~ 42 0„Dividend onnedoo. at ls. 4&l, in the pound. . 273 6„Dividend, (Ncn-Members, ) at Od. in the Pound 3 19„Reduction of Fixed Steel; . . .. , . . . , .... . : 11 0 0„ReserveFund . . .. .. , , . . . , .. . . , . . . .... , . .. 4 4 6

$334 10 7

To Balance of Pro6ts

ar. PROPOSED DISPOSAL OF BALANCE.s. d

s. d.9'isa 4 71071 3154 9 0$

.883' 13 1

&84181 10 3$

s, d,334 10 7

B334 10

&24643 8 9t

e. d.

Tn Capital Account, .ss per last Balance Sheet. . .. 36'10 9 'I

» Internet on Ssaree, SSth Quarter, .... ...., .. 40 0 0

» Dividends, „....... ..... 268 13 4

„Contribecoas durlag ths'Qtmrter. ... ...., .. 141 0 8

a4113 3 a

s. d.By Withdrawals during the Quarter, including In-

terest snd Dividends ... . . . , . ....~ . . ~ ~ . . 2'19 6 4„ Interest and Dividends allowed by last Balance

Sheet, not paid to Members, but placed toReserve Fund. . . . . ... . . . , ..... .... , . . 22 7 1

» Forfeits on Withdrawals, placed to Pixed StockAccount ... , . .. , . . . .. , ..... ..... ... . . 1 7 1

„Balance, being Nett Capital at this date . ... . . 3816 3 8

e4113 3 a

FIXED STOCK.

Tt& Allowed by fast BldspeFSbeet v. ..» EritraiicOFS&e'tha'i'Quiirter„Perfeits'tliia Qiisiicr, .' ......„..„Ral8nce, (Folie t&f' Pltgsl Stccki)', .

a. d.8 0 0a6o1 7 1

223 13 1

By Amount as per last Balance Sheet. . .» Additions this Quarter

s. d.230 6 2

6 1 0

Qr. CA P ITAL AC CO U N T. (II.'T,

Examine&1 and found Correct, January Ssrd 1S71,GEORGE G. STABLEB, )EDWARD T. TRENEBY,

IAlmlaoag.

GEORGE LEWIS&

NOTICE.The QUARTERLY MEETING will be held in the LARGE BOOM adjoining

the BIITTER MARKET, on MONDAY Evening, FEBRUARY 6th, at EIGHT o'cloclf,when these Accounts will be presented. Business of the Meeting, —to elect FiveCommittee-men and Two Auditors. Messrs. Lewis, Hartley, Dixon, TborIte, 8ralker,Committee-men, and Messrs. Stabler and Trenery, Auditors, retire, but are eligible forre-election.

LINEN AND %WOOLLEN DRAPERY.The Committee beg to call your attention to this departmeut. Having purchased 8 largo quantify Of

BLANKETS, FLANNELS, nnd CALICOES at 8 great reduction, the carne will be offered nt remarl-ably low prices. A large assortment of Wool Plaids, Stufi'8, Winceys, and Skutings; Fancy Flannels,Shirts, Hosiery, Felt Hats, Caps, Collars, Ties, &bc. Black Broad anil West of E&ngland, Cloths, ScotchsTweeds, Ladies' Cloakings, Ready-made Clothing, &kc. , &ho.

CLCTI-IIZCn. CI U32S SUPPLIZI).&6235 6 2

&9. s, d. .To Reserve Pend, as aepbtat Ba)el(888heet .. .... 4 0

» Interest. and Dividhcds bllcwe&t'hy' leM BalanceSheet, hut nct veau)fed ';i. r. ....., . .. .. 22 7 1

» Allowed by last Btboam&&sheet ... , ... . .... 6 6 4

A31 16 Ot

By Balance

Vr. RESERVE FUND.

n235 8 2

&2. s. d.31 18 0$

&831 16 Ot

INSTRUCTIONS RELATIVE TO JOINING THE SOCIETY.Youcanjointhis Societybyg'~ngn your nameto 8 Member, or to the Store-lrceper, whoml propose

you at the uext Committee Meeting. When you give iu your name you pny Oiie Shilling cs nn entrancefce, you will then have to sign a book, declaring your williugnesa to take out nt least five One Pound Shs res,at which time you must pay at least One Shilling, as the first Subscription. The Shai. ee must be paid. upby instalments of Tf&reepence per week, or Three Shillings ond Threepence per quarter, or they mny. be paidin larger sums. Interest at tho rate of Fice per cent. , is paid on each Pound invested. Should you beunable to keep up the paymonts, the profits on purchases (if you buy nt the Stores all your fnmfiyrequires) will cover. tho Subscriptions. Cheques cre given with all goods purchased, and theymusgbfreturned at the end, of tho quarter.

COPIES OF THE RULES MAY BE HAD AT TWOPENCE EACH.(TURN OVBB.)