but sure. strength.archive.lincolnshire.coop/1890/1895_-_directors'_report_-_part_2.pdf ·...

29
2 " SLOW BUT SURE. " " UNION IS STRENGTH. " &'in' OIn i&-quit;&bit' 0, 'a=ayetafit'C )/n(lu. 'lfri;&I ~~OCiCfg, Sin&if@i, ESTABLISHED 1861. REGISTERED UNDER THE INDUSTRIAL AND PROVIDENT SOCIETIES' ACT, 1898. Q'gdgCTS QF '+HE SQCI'g'P1t'. First, It provides its Rembers and the General Public with Bread, Flour, Grocery, Provisioxu, Drapery, Clothing, Boots snd Shoes, Butchers' Rest, Coals, Crochery, Hardware, Furniture, &c. Second, It sachs the domestic, social, snd intellectual advancement of its Rembers. Annual Business, over 2176,000. Number of Members, 8, 888. Share Capital, $95,014 Vs Vd. Loan Capital, 217,887 Os ed. Reserve Fund, 85, 61. 8. Bankers: THE LINCOLN AND LINDSEY BANKING COMPA. NY, Limited. 'ihe ttl, 't't)ltT;III' BiliANCE SHEET 6&r the lilith t)unrter, ENDED JULY 3rd, 1895. Gma cry. Purchases from the Co-operative Wholesale Society .. . . .. . . $8,980 Drapery. Boots & Shoes. Tailoring. ~. Total. $1, 640 $770 $1, 060 $710 $13, 160 from other Co-operative Sources Value of Goods produced snd grown by this Society 2163 E334 $70 R120 2784 $8,749 Animals Slaughtered. during the Quarter: Beasts, 184; Calves, 90; Sheep snd Lambs, 843; Pigs, 134; Total 631 Central Stores snd Ogices SILVER STREET AND FREE SCHOOL LANE, LINCOLN. No. 1 Branch BBACEBBIBGE. 2 „— BURTON ROAD, LIK CO LN. 3 „— SHAKESPEARE STREET, ddNCOLN. RIPON STREET, LIECOLK. 6 „— WELBOURN. 6 „— RETHEMNGHAR. 7 „— GREAT NORTHERN TERRACE, LINCOLN. No. 10 Branch NEWLAND STREET WEST, LINCOLN. „11 „— BABDNEY. NORTH STREET, HORNCASTLE. ~UTH STREET SLEAFORD „14 „HIGH STREET, LINCOLN. „16, j QUEEN STREET, RARKET RASEN. „16 „— BASSINGHAAL 8 „— SAXILBY. o BEE PHAAL 9 „— BA. GGEHOLbm BOAD, LIECOL K. Butchery Branches: Na 1, MPOK STREET; No. 2, GRESHAR STREET; No. 3, BURTON ROAD; No. 4, HIGH STREET The AN'NULLI MEETING wi11 be held in the Urge Hall, on Monday Evening, August 5th, 1895, TAe Ckrstr to he takers by tAe president, ot Ifislf fwsst Seeem orClock P R 0 Ct H A 1C17X E 0 F BYf SI I E SS . 6 Applicstioa for a Subscripiioa to the Boyal National Lifeboat Institution 7. Application Aom the Co-operative Uaion for a Subscription to the Funds af the International Ca-operative ABisace. 8. Election of President, Treassrer, ~, Three Committeemen, sad Twa Auditars. 1. Riautaa of issi Quarterly breeting. 2. A. dmission of New Rambars. 3. The Balance Sheet and Report Report of Cammittee upon the Resolution passed si isst Quarterly Resting, vis. : —" That an egort be made by the Society to promote the manufacture and asia af Local Buttery 5. Application for s Subscription to the funds of the Yarborough Estansioa Ganlea AIIatmant Society. 9. Nominations for Educational Committee. 10. Any other bssiness.

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Page 1: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

2

"SLOW BUT SURE." "UNION IS STRENGTH. "

&'in' OIn i&-quit;&bit' 0,'a=ayetafit'C )/n(lu. 'lfri;&I ~~OCiCfg, Sin&if@i,ESTABLISHED 1861.

REGISTERED UNDER THE INDUSTRIAL AND PROVIDENT SOCIETIES' ACT, 1898.

Q'gdgCTS QF '+HE SQCI'g'P1t'. —First, It provides its Rembers and the General Public with Bread, Flour, Grocery, Provisioxu,

Drapery, Clothing, Boots snd Shoes, Butchers' Rest, Coals, Crochery, Hardware, Furniture, &c.

Second, It sachs the domestic, social, snd intellectual advancement of its Rembers.

Annual Business, over 2176,000. Number of Members, 8,888. Share Capital, $95,014 Vs Vd.

Loan Capital, 217,887 Os ed. Reserve Fund, 85,61.8.

Bankers: —THE LINCOLN AND LINDSEY BANKING COMPA. NY, Limited.

'ihe ttl,'t't)ltT;III' BiliANCE SHEET 6&r the lilith t)unrter,ENDED JULY 3rd, 1895.

Gma cry.

Purchases from the Co-operative Wholesale Society .... .... $8,980Drapery. Boots & Shoes. Tailoring. ~. Total.

$1,640 $770 $1,060 $710 $13,160

from other Co-operative Sources

Value of Goods produced snd grown by this Society

2163 E334 $70 R120 2784

$8,749

Animals Slaughtered. during the Quarter: —Beasts, 184; Calves, 90; Sheep snd Lambs, 843; Pigs, 134; Total 631

Central Stores snd Ogices —SILVER STREET AND FREE SCHOOL LANE, LINCOLN.

No. 1 Branch —BBACEBBIBGE.

2 „—BURTON ROAD, LIK CO LN.

3 „—SHAKESPEARE STREET, ddNCOLN.

—RIPON STREET, LIECOLK.

6 „—WELBOURN.

6 „—RETHEMNGHAR.

7 „—GREAT NORTHERN TERRACE, LINCOLN.

No. 10 Branch —NEWLAND STREET WEST, LINCOLN.

„11 „—BABDNEY.

—NORTH STREET, HORNCASTLE.

~UTH STREET SLEAFORD

„14 „HIGH STREET, LINCOLN.

„16,j QUEEN STREET, RARKET RASEN.

„16 „—BASSINGHAAL8 „—SAXILBY.

o —BEE PHAAL9 „—BA.GGEHOLbm BOAD, LIECOLK.Butchery Branches: —Na 1, MPOK STREET; No. 2, GRESHAR STREET; No. 3, BURTON ROAD; No. 4, HIGH STREET

The AN'NULLI MEETING wi11 be held in the Urge Hall, on Monday Evening, August 5th, 1895,TAe Ckrstr to he takers by tAe president, ot Ifislf fwsst Seeem orClock

P R 0 Ct H A 1C17XE 0F BYf SIIESS.6—Applicstioa for a Subscripiioa to the Boyal National Lifeboat Institution

7.—Application Aom the Co-operative Uaion for aSubscription to the Fundsaf the International Ca-operative ABisace.

8.—Election of President, Treassrer, ~, Three Committeemen, sadTwa Auditars.

1.—Riautaa of issi Quarterly breeting.

2.—A.dmission of New Rambars.

3.—The Balance Sheet and Report

Report of Cammittee upon the Resolution passed si isst QuarterlyResting, vis. :—"That an egort be made by the Society to promotethe manufacture and asia af Local Buttery

5.—Application for s Subscription to the funds of the YarboroughEstansioa Ganlea AIIatmant Society.

9.—Nominations for Educational Committee.

10.—Any other bssiness.

Page 2: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

Li»Col» L'(~»it tlilC Co-0PCrntiVe I»Il«it Vi;&1 SOCiety, Li»~it«l,

COMMITTEE OF MAN AG EM ENT."Mr. .l. IV. CODLING, President

'Mr. GEORGE HARTIEY, Treasurer. .. . .. 25*Mr. DUNCAN McINNKS, Secretary .. . . 22

'Mr. W5I. COULSON ... ... ... ... ... 22

At)ntvoas —'Mr. GEORGE RICHARDSON

Mr. W, B. HOWARD'Mr. GEO, SHARPEMr. M. S5IALLER ...

"Mr. ROBERT 'FISHER .. ... ... ... ... 25Mr. JAS. ORANGE, 'Mr. FRED TAYLOR.e Retiring lfembere, each eligible for re-election.

hfr. WM. IIKWSONMr. Wll. TURNEIt)sfr GKO LluVIS

Casmsa —hlr. I)RED STEPHRNSO¹

54

si

ELECTION OF OFFICERS.Votes must be given by making a X opposite to the names of the candidatea selected for support. Each member must show his or her Pace Card to obtain a Votiag

paper from the person who gives them out. The hours of voting arc from 2 till 2 p.m., cn Monday, Angus) cth, lsoc.

Election of Three hfembers of the Committee of Bfanagement. cawmnavse Non)saran —BYK, HASHABLkll; COUISON, WILLIAM;FISHER, ROBERT; SHARl'E, GKOR(vK; tVOODlli)i SK, WII.IIAM.

Members must not voto for morc thau TllltKK e)mrli&h)tca.

Election of Two Auditors. Canmnaars'Non)saran —E1IND, JGHN p. ; lilcHAlil)soN, GFoltOE; TAYLOlt, FRED.vfembera must nct vote for more than TWO candidatea.

DEPARTMENTAL COMMITTEES.Boors ... ... .. . Meeare. COULSON, CODLING it SHARPE.

Bnvonnar ... ... ...Messrs. HOWARD, SHARPE a LEWIS.Bnu.mnos ... .. ..Messrs. CODLING, SMALLER dr HEWSON.

Coen ... ., ... ., .Meaara. HOWARD, CODLING a FISHER.

Dnarnnr tt Tatnonmo. ..lfesere. HOWAIID, FISHER tt TURNER.Pinnace ... ... ... ...Meaera. McINNKS, HARTLEY tt COULSO¹Gaocnar ... ... ... ...hieears. SMALLER, HEWSON )t LEWIS.Rot)tan a Lrvn Senex. ..Meavrs. HARTLEY, SMALLER Ik HEWSO¹

To vuz kfattnnns, — COMMITTEE'S REPORT.We beg to submit to you the 1S5th Qaarterly Report and Balance Sheet. The Total Receipts for Goods sold during the Quartm is

845,092 Ss 4d, being an increase of E3,218 Is 10ld over last Qnarter. The net progt on the Quarter's Business is E5,269 lls 9d, whish sum

wilt allow 81,262 6s Od ss Interest, g3,500 Os Od as Dividend, being 1s 8d per E on Members' purchases, and E22 2s Sd, being Sd per Eon purchases of Non-hfembers; E153 15s Od, being 2k per cent. per annum for depreciation on Branch and Cottage Property; gl21 19sOd, being

10 per sent. depreciation of Fixed Stock; $64 Os Od, being 5 per cent. depreciation of hlitling Plant; 259 10s Sd for Edncational Pnrpc, ses I and

E85 17s 10d to Reserve Fund. 177 persons have joined the Society within the Quarter, 128 persons have withdrawn, and 12 forfeited ss per Rale

6, making the present number 8,883, being an increase of 42 over last Qasrter.

As the Society's surplus cspittd is increasing, we have decided to resume the practice of granting snms of money on mortgage, st easy ratesof repayment, to enable members to pnrehsse houses. Each application for an advance must be made in writing addressed to the Committee,

survey of every Property npon which money is sought to be borrowed will be made by the BuHding Committee, aud each application for sn ada)men

will he. ecmstdered on its merits and seeepted or rejected as the ease may be. No member will be allowed moro than one advance. No spplieatiou

wiH be received or entertained before August 26th, 1895-

The New Loan Acooant Pass Books containing the model' form of agreement, issued by the Co-operative Union, aud approved by theRegistrar, ere now ready, snd all holders of loan capital will ba provided with one eaoh, at a cost of ninepence, which includes payment for the agree-ment stamp.

At the High Street Sub-Centralnotwithstanding the shrinkage in prices.

ee -.„-

show an increase of 2100 ls lid over t ose of the corresponding )tearier of last year,ts st this branch since its establishment in the new premises amount to 221,034 15s 9d,

Stores the sales

The total receip

Page 3: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

7INANCiAL STATEMENT from April 3rd. to July Sr(l, 1895,

ACCOU)f TCASH

2 s d

521 17 8s d

54,987 15 118048 o 82,061 18 I4,1st 10 106

886 16 4848 12 10

2,2138 14 31,476 16 81,691 11 I1,489 8 2$1,354 0 61I,IGI 4 10I,401! 4 6I2 228 8 5!.IVT85 6 101

883 5 I1,10ri 10 I1,773 13 31,314 18 11$1,132 3 Vf1,217 16 119,089 10 112, 353 12 7

988 4 10664 15 8612 8 101r2810 071 4 385 5 063 4 9511 6

91 0 021 16 Vf40 18 475 8 638 12 866 8 838 0 662 10 0

3 I 10$3 0 5

12 12 GS

RECEIPTS.

To Cash in Bank snd Cashier's Hands

„Sale of Goods —Central, GroceryDrapery snd MillineryBoat and Shoe ...ButcheringHides, Skins, Fats, rkc.

Coals ...Tailoring snd Outfitting. .FurnishingMiB

Braeebridge, No. I BranchBurton-rosii, No. 2 BranchShakespeare Street, No. 8 Branch.Ripon Stzeet, No. 4 Branch ..Welboarn, No. 5 BranchMetheringhsxn, No. 6 BranchGt. Northexn-ten. , No, 7 BranchSsxilby, No. 8 BzanchBsggeholme Road, No. 9 Branch,Newlsnd-st. West, No. 10 BranchBardney, No. 11 BranchHomcastle, No. 12 Branch ...Slesford, No. 18 BranchHigh Street, No. 14 Branch. ..Market Rascn, No. 15 BranchBsssinghsm, No. 16 BranchReephsm, No. 17 Branch ...

„Sale of Coals —No. I Branch ..No. 2No. 8No. 4No. 5No, ii

No. 7No. 8No. 9No. 10No. 12No. 18No. 14No. 15No. 16No. 17

Additions to Share CapitalLostn Capital

Depomits in Penny Bsnlr, CentralNo. I BranchNo. 2 BranchNo. 8 BranchNo. 5 BmnchNo. 6 BranchNo. 8 BranchNo. Il BranchNo. 12 Bmnehho. 18 BranchNo. 15 BranchNo, lii Branch

708 0 817 81021 18 218 162012 68 7 8318 2419 7

2117 I6 18 118 5 I518 G

„Repayments from House Purchasers —Members' Prop„Insurance Fund ..„Rents, Newport .

Shakespeszc StreetRipon Street ..Gxest Northern TerraceGss StreetSincil TerraceKesteven StreetChelmsford StrmtTanner's Lane and High StreetSincil BankBazdney . .

brtyd. coount

4 6 6118 06 2 0514 0414 6

20 10 08 9 6

21 r 611 0 1080 10 0816 0

„Entraace Fees„Transfer Fees„'iVomtnstion Fees„Sale of Rnles, Cards, and Cash Books ...

I ive and Fixed Stock„Branch Managers' Bond Account„Baleof 60 Rueton, Proctor rk Co's Shares

„ Iuterestdt Dividend, Cc-opersrive Printing Society80 Rustoa, Pmctor 8 Co's. SharesRuston, Pmctor It Co's. DebentmesRobey 8 Co'e. DebentnrmLincoln Corporation Redeemable StockCo-operative Wholesale Society

„Dividend,48 6 0

139 9 6

DISBURSEMENTSBx AiroUNT PSIIr TOR GOODS—

„Grocery„Drapery snd Millinery„Boot snd Shoe ...„Butchering ..

CoalsTailoring snd Outfitting ...FurnishingFlour MillCarriage of GoodsCarriage of Coals

GroceryDrapery snd MillineryRoot and Shoe ..Butchering ...Tailoriug

WSQES I"OR PRODUOI'IVE LIDOUR—

„Furnishing ..„ )Killers ...

WSQES 1011 DISTRIBUTIVE LIIIOUII-„Grocery„Drapery and Millinery„Boot snd Shoe„Batchering„Tailoring and Ontfitting ...„Furnishing .„„Coals„Ofiice

BRSNcnzs-No. 10 BranchNo. 11 BranchNo. 12 BranchNo. 13 BranchNo. 14 BranchNo. 15 BranchNo. 16 BranchNo. 17 Branch

COIINISSION dsn WSQES ST THE

No. I Branch ... $32 12 10No. 2 Branch v 41 0 0No. 3 Branch ... 85 13 0No 4 Branch 36 8 0No. 5 Branch ... 116 18 0No. 6 Bmnch .. 112 8 0No. 7 Branch ... 22 11 0No. 8 Branch ... 29 19 4No. 9 Branch ... 84 13 4

„Withdrawals from Share CapitalLoan CapitalPenny Bank

„Additions to Fixed snd Rolling Stock AccountMilling Plant Account

„ADDITIo'Ns 'ro BUIIJIINO AOUUUNTs-Wsterside NorthChelmsford Street ...Horncsstle

4 ri

49v

5,092 68,559 191,259 14

„Interest on Bxsnch Managers' Bonds„Horse Keep .„Non-bfembers' Dividend on 2700, at Gd in the 8„Additions to bfembezs' Property Acconnt„Educational Grant

INVNSTSISNIS-„Shsres iu Co-operative Wholesale Society

Lincoln snd Lindsey Bank831 6 2v488 0 0"

5 0 Orri Employees' Outin„Rams-„Field„bfetheringhsm

Market Rssen

Gaaaatn Exrzzsas-„Comuuttee and Secretary's Salary ...„Auditors' Salazy ..„Stook-takiug, Extending, Checking, rkc.„Insmsnce„Printing, Stationery, and Advertising„Postage Stamps and Cheque Books„Repairs. ..„Bates and Taxes. ..

„Delegates' Expenses ...„Tzsvelling Expenses„Bank Commission ('Less Interest) ...„Somcarz TIONs-

Co-opemtive ti nion„Midland Institution for the Bfind ...

Deaf and Damb IustitationU Co.opezauve Umoa (Diglsks Dxssster) ...„No.9District Co-operative Union, IfHRaml Seek„School of Science and Azt

118 8 10 c '

9 6 0!019 60 8 8:.i

218 4"',118 Gv3 0 0 .

900 0 0 ',15 0 02614. I'14 7 736 5 0

187 15. 6,Cash m BankCash in Hami

Cr.s d 2 s

3,629 183,575 152,609 184.189 17

947 152,043 81,724 77,286 I

785 1962 7

26

10

0698

109

36 Voo 10 3

$28 I 1025 I 063 10 0

1st 8 0114 2 4

83 10 02918 080 16 0

951... . 7,018

1,341r 829

242100

0 85 100 I

10 lid13 80 0

l,o74 10 025 0 081 2 0——- 1,680

IG7

,. r 53

12 00 08 56 8

10 017 6

187 15 G

512 0 0699 15 6

51 9 0

20 14 10411 0

16 0 041 5 10

87 518 1527 122 2

124 422 17

287 998 1259 344 1911 5I 58 7

00-

11 i6 v

G5'

5 '9

010-

8 155 58 8

8I 101 I

0 ~

0 .'

00

00

Vgl 17 84,589 16

81 Is

298 !I 0181 11 8151 16 9

77 16 ii589 8 8148 17 7299 I 11

I 4ol lb 4

425 11 I156 18 0

64 0 0141 14 0

Vs lii 0V4 15 0

122 4 0161 15 4—r1 220 13 5

838,023- S S

Page 4: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

Dr. SHARE CAPITAL ACCOUNT

To Withdrawals„Forfeits on Withdrawals deducteil from Pixed Stock Account» Porfeits on Shares purchased„147Deposits to Boilding Account, at 5s each„Fines„Albnved for Interest and Dividend, but not required„Present Claim of bfembers

f s di,016 5 10

13 19 98 GOSli 15 0610 5

9011 405,014 7 7

6102,188 8 11

By Capital as per last Balance Sheet

„ Interest on 184th Quarter„Diviilenil on 134fli Quarter„Contributions

6 s il&A, 540 19 7

1,0&'0 0 08,087 10 03 6«&J 10

610'J,188 8 11

Dr.

To Withdrawals„Present Claim

LOAN CAPITAL ACCOUNT.

s d1311 0 I By Loans as per last Balance Sheet,

.:: ii,'38? O 6 » Interest as per last Balance Sbeet ..„Contributions

218?28 0 7

s d. . 1?,80S 6 6

150 19 41,250 14 9

f18,728 0 7

PreviousCost.

s d11,841 3 4

Additions Additions by Society'sthis Quarter. own Workmen.

s d 6 s d242 13 8 18 5 0

FIXED, ROLLIN&6, AND LIVE STOCK ACCOUNT.

Total Depreciation Allowed by last From Fee«, Jrc. Sale of Live aml Total BaL«nee

Cost. previously allowed. Balance Sheet. Fixed Stock. Depreciation. Nominal Value

s il 6 s d 6 s il f s il f s d 6 s il 5 s d

11,602 2 0 G,siJ 11 4 110 4 0 80 IG ll I 13 0 6,i24 o 8 4,877 16 9

MILLING PLANT ACCOUNT.

PreviousCost.

s6,«73 I 9

Additionsthis Quarter.

s d100 0 0

TotalCost.

s d6,673 1 9

Depreciationpreviously allo&veil.

s1,494 6 0

Allowed by lastBalanec Sheet.

s il63 10 0

TotalDepreciation.

6 a (I1,65&7 16 9

BalanceNominal Value.

s do,lie 5 0

Dr. RESERVE FUND. Cr.

To Employees' Outing» Balance. ..

s d51 9 0

5,61S 13 II/

65,670 2 11$

By Balanco as per last Balance Sheet,, Forfeits on Shares purchased„Allows I by last Balance Sheet

» ABowel for Interest and Dividend, but n«t required ..,&

Interest on Lincoln Corporation Redcenmblc St«rkBoston, Proctor 5& C&'s. Debcctures ...R &bey 6 Co's. Debentures

» Profit on the sale of 60 Bu ton, Proctor &b Co' .. Shares

5,052fl

14100Soi'&6

14300

s d16 546 0«

115 0

14 IT iO 0

' 11$

MEMBERS' PROPERTY ACCOUNT.

s dTo Amount Advanced on Property as per last Balance Sheet. ... 17,296 7 6

» Advanced this Qnarter ... ... ... . .. ... ... .. .. .. . 2 10 G

617,298 17 6

By Repayments as per Cash Account ...Let Interest

Balance owing to the Society

f s d 6 s433 0179 18 I

2«3 I 1117 045 Io 7

fI?+98 17 6

Dr. LAND AND BUIL MM S ACCO UNT.

Previous Cost.f s d23,129 il 11

639 I 9961 11 7698 17 6

I,IST 10 101,755 5 91,680 I 0905 5 11819 8 67'?6 16 0659 13 11688 0 10

1,159 4 62,S40 69,945 18 71,839 5 6

593 16 0276 4 11

9,706 4 I1~16 9564 13 I

I,477 14 91,117 16 6

SSS IS 02,642 11 11

Properly.

Central StaresBracebridge ...NewportShak StreetRipen~treatWelbo urnhietheringhaGreat Northern TenaceSsxilbB hne RoadNewl&md Street West: ..BardneyHorneastleSleafordHigh Street ...Bsssingham ...Free School LaneGas StreetWaterside North. ..SineB TerraceKestemn Street ...Nerth Hykeham Grarm)Chelmsfonl StreetGreshmn Street. ..SI&udI Bank ...

Additions thisQsarter.

s d

81 2 0

1,574 10 0

0 'G

2877&680 12' 0'

Total Cost.s d

28&129 o 11639 I 9961 ll 7698 17 6

1,18? 10 101(55 5 91,680 I D

905 5 11Sis 3 6?T6 16 0559 18 ll638 0 10

1/40 6 62J440 6 79+45 13 71,389 5 6593 16 0

4 IlII»230 14 I

1,236 15 9564 13 I

I«477 I'4' 91&162 13 6

233 18 0'1„541 11 11

fG8,559 8 8

Depreciationpreviouslr alloived.

s d8,158 8 I

144 16 b221 6 I153 IT 62i8 11 102S2 13 3252 6 0161 14154 8 0181 19 3129 ID 5121 12 I125 4 6

13 7119 IS 781 4 0

140 7 0GG 8 5

863 14 62?8 14 860 6 I

127 14 &J

87 9 620 I 6

139 11 2

2T.596 I 6

Allowedlast Quarter.

18 10 03 I 9412 63 8 0513 6910 3818 6413 04 3 0814 8214 03 4 06 9 6

16 0 0T 0 07 li 62 16I 6 6

18» 06 0 03 3 08 9 06 9 0119 8

15 0 9

2 li2 19 0

To&alDepreciation.6 s

8,176 18 I14? 18 8225 18 7157 5 6284 5 4242 3 G

2fi1 4 6lr)6 7 8158 li 0185 13 G

132124 16 I151 14 0811 13 7126 i8 780 I fi

143 8 966 911

881 19 6284 14 368 9 I

136 8 99318 622 0 9

lo4 11 11

27,789 ff 6

PresentNominal Value.

s d19,952 7 10

491 3 6785 13 0541 12 0003 5 8

1,513 2 81,418 16 6

788 18 3660 12 6o91 2 6427 9 6508 4 9

1,108 12 62,628 18 09,'819 o 01,250 4 0

450 12 8200 15 0

10,398 14 7952 I 6501. 4 0

1,841 11 01.048 16 0

311 12 3«387 0 6

t'60, 790 8

»4 '

Page 5: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

-p.

&I'imoItt (f o-cCprraiiw cknt'frrlq Kin'o'er.

E have again reached a juncture in tho history of the Society,when investment of suxqdue capital claims the attention of the

Committee of Management. As a beginning in their report, they givenotice that the dwelling-house-pnrchasing branch is to be re-opened.Applications for advances on mortgage will be received, anil grantedunder certain conditions, after August 26th. During the last time thisbranch of business wes carried on, 433,270 was granted to members toenable them to purchase houses, aud, of this large sum, E24,500has been ze-paid. Since advances were discontinued, in orderto enable the Society to utilize the growing capital in a diIFerent but notless useful or less necessary manner, namely, that of extending itsbusiness premises, magnificent progress has been achieved, such aswoald have made the hearts of the fonnders of the Society rejoice, werethey here to see the fruition of their efi'orts. Some of the 6nest sndmost convenient haziness baildings that the City possesses have beenerected for onr growing requirements, and meanwhile we have enjoyeilone continued round of prosperity. The volume of our trade hassteadily increased, in the face of the keenest competition. Amidbusinesses boomed by persistent pufF of every questionable kind, wehave maintained our position; we have progressed, and we intend stillfurther to progress, soliilly grounded on the principles of truthfulness,justice, and equity, On these we stand unassailable, for we sre confi-dent that the light which is fitfully but increasingly being shed upon thetoiling wealth-prodncers, whose Society this is, will lead them on to theassured success which crowns all honest effort, if temperately pursuedwith definite aim and constant purpose. The co-operative movement inHncoln is now powerful enough to sweep all outside foes out of its path.The only foes we have to fear are within our own household —distrust,jealousy, envy, bickering, and dissension —and they are, happily, becomingless harmfal yearly. We' have among us the constitutionally timid,who cannot bear the strain of misfortune, and who are restive evenunder temporary reverses and drawbacks, and we have also rash, impul-sive, and headstrong members, with whom success is counted as worthnothing unless it can be won ofi' the reel; men who aze always mentallyputting the slates on before the foundations are well laid, and expectingthe mfflennium to bs reached in a week. But our hope is in thepatriotism and prudence of the wiser members.

As our bank balances from time to time grow heavy in amount,necessitating new sources of investment, being sought, then the exerciseof patriotism and prudence is vitaL Amid all the subtle and wide-reachinginfiuenees that afieet Committees of Management, none is so baneful as thatwhich impels them, in response to thoughtless clamour from the greedy orignorant, to pay too mnchprofit away as dividend upon pnrchases. The in-evitable end of this evil policy, wherever it is pursued, is 6nancial disaster,hut in our Sociehes it is, alas, disaster to a class which has to sufFer morethan any other from the commereia! immorality that distinguishes the agein which we live. Therefore, before seriously attempting to employsurplus capital with that assurance of success which is essential in dealingwith the money of Co-operative Societies, the creation of a good ReserveFund outof the profits of businessisimperative. To secure this has beenone of the chief points armed at in our financing, ever since 1882, whenthe Reserve Fund wss only F210. It has now reached 65,618, andis a feature in our balance sheet upon whish we ean looli. with well-grounded satisfaction. In all well managed Co-operative Soeiefies, thewits snd judgment of a Committee are taxed to the fullest extent, lestthey msy, by well-intentioned bnt ill-advised measures, take wrong stepsin dealing with surplus capitaL It is consciousness of their want of thenecessary brains to ntiTize capital successfully that often leads Committeesto throw it out of the Society into the hainls of tbe members, by reducingEx&bamoxnft'of capital each member shall hold. It is lack of faith or

; eff "edisation in co-operative principles that allows eo-operativensnzsy to &tea satiate in ths hank. The fzus function of capital iz to sef

labour in motion, and co-oporators are the only people who can set labourin motion for the whole and sole benefit of the class who labonr hardestand obtain least results from their labour. To secure the best resultswith capital, a Co-operative Society must have continuity of policy onthe part of its managing committee. The real progessive work of a Societyis not done at its General Meetings. Probably part of it may have itsinception there, and all of it should have the seal of approval set upon itthere, but the work is done, or should be, by the executive, and whenextensions into new businesses are made, or undertakings of a productivecharacter are entered upon, these are the seasons for the exercise ofloyalty and generous encouragement on the part of the members. Thattime with as is within a measnrable distance. Our annual profitsamount to nearly twenty thousand ponnds sterling. For one hundied andfiftyyears, ever since domestic industries began to be replaced by thefactorysystem, we have, as a class, been practically at the mercv of capitalists,iXow that distribntive co-operation has placed the control of capital in ourhands, let us, therefore, not hesitate to utilize it. If we confine ourselvesat flrst to the production of those things that are suitable for our own dis-tribution, and in the manufacture or growth of which our own members maybeemployed, weshallsecurethethree main factorsthatcontrihuteto successin trade, namely capital, a market for products, aud interested workers.Let us, therefore, go forward.

SObfE OP THE QUALIPICATIONS KWD DUTIES OP COhfhfITTEEbIEE,ef Paper read at the Liiwehi Dieixiei Co-eperaiixe efeeeeis&um Cieiferesce aiBoston, yyih Jose, IS95, by ffr. Jeh&e Shaw, Boston.

The formation and constitution of a Cc-operative Society in any given IocaH&y,and its success cx otherwise after it is formed, depend solely on the number andcc-operative spirit of the individual members forming such society, for withoutnumbers and a brotherly spirit, ready and willing to lend a helping hand to eachaud afl, few societies could be started, and those whiich stmggled into existencewouId only maintain a "linger aud die" appearance for avery shortperiod. Buteven when zccietiez are started with a large number of pmchaziug members fullof zeal and willing tc give time aud money to the utmost of their ability, it oftenhappens that the ways of the young society —like that of many other tranegreesore-axe somewhat hard. The causes of this —what might be called teething —arevaried, aad the disease is often aggravated by want 'of capital, lack of loyalty,unsuitable management, and other causes. Even tc long established societiesthere some times cf trade depression, scares, xecldczs expenditure, want of sccg-deoce, and other ills which have rained and discredited them, and pxcved a terriblehindrance tc the co-operative movement. "One swallow does nct make a summer, "but one co-operative failure in a county is trumpeted from one end to the other,anil many timid friends of the movement rush to their stozez to withdraw theircapital, makhxg that pariicslaz eouety all the more easily assailed. While themembeis of all stores have Ia their own hands the direct prosperity or otherwiseof their own shop by pumhazing thereat, if they select suitable men to cit on theCommittee of hfanagement, the ship may be piloted along intricate channels,especially when the members have fall coo&&dence in 4hem. Even when throaghno fault of the Committee the ship is in shallow water, with the right meu in theright place, and their policy supported by the rest of the membezs, the ship mustweather the stozm; but with a vacillating Committee aad scanty cengdcnce on thepart of th'e members, the lyiiig tongue of rumour make'e mountains eut of mole-hills& cavy, jealousy, and mistreat, ripen into personalities and hatred; able menresign in disgust, or, more likely, get thrown cut, with the result that the ship goesazhoze to the izrepaxabfe injury of Cowpemtion ia geacral and evsxy individualmember cf that society in particular.

A model foun of zules has for years been issued by the Co-operative Union, audforms tc a great extent the basis of all cur societies. Such zalea whee taken in anequitable spirit may be everything that is xeq&rixcd, bat when taken in a legalepizit, there azc matters which axe extmmely doubtful, it being often theletter, nct the spirit, of such rules which is acta&1 up to, aud in this way manperfectly legal but vexy questionable pzactices —have crept iu. In other cases ofin '

way manyunwritten Iawe, qnceticns aze relegated to 41st most uucommoa quality~ommcn-ense —a quality which, through zelfiehness, or more often fiom sheer want ofthought, does not always exist. It is mainly to obtain the opinion of some of thedelegates present on what may become a vexed question, that a few propositions,acme cf which may be axioms, some merely tkeozems, are laid before thisConference as to the best type of Committeeman to elect and the position suchCcmmitteemau should occupy in relation to the o&ffcsrs and employees of thesociety. - The Szzt qaaiff&catioue of a Commftteeimm are that he should he aCo-opmator, not only a believer iu but a doer of the wox; a member of thesociety upon whose boanl he Ets, aad also a purchasing member of eachsociety. Simple aad efcmentsxy ss these conditions appear &,o be, there arefew societies which have net at one time or. saothez gone outside cf them.It may seem an insult to common sense, but many have each peculiar views ofCo-operation that they have had proprietors of shops situated at no great distancefram and dealing in the same articles as the stores, on 4hefr Comzmftee. Eo mincau sink self interests and serve 4wo masters, "Ye cannot serve Co-operation an&Imammon. " Son-trsdexs should never be.allowed to become msmbmz of a distri-

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LINCOLN CO-OPERATIVE

butive Society; the term Non-eo-operators can be fitly applied to them, and ss suchthey should be kept oR sB Committees, while the election of a Committeemanwho is not s member of the Society is, I tzust, s raze occurrence, and seems s sadconfession of their inability to manage their own sgsirs. AB Committeemen shouldhave a substantial st,skein the Soeie4y. This brings us to abmning questioo whicha by no means insign&ficsnt sec(ion of our members term class legislation. Whileadmi(ting that the possession of a certain sum of money is no guazsn(ee of s similaramount of brains or business qualiiicstions, one cermet altogether look with con-tempt on a brother co-operator who has s Rve pound note standing to his credit inthe Society. In some Societies no one isa full membez until he hasdve pounds inthe Society, snd nnder that sum he cannot withdraw either dividend oz interest butso democratic are we here and in othez places that the payment of Rfteenpence (or

trance fee snd rules will entitle s msn to every privilege of the Society, includings sect on the Committee, or even the President's chair. For many reasons this isno(, as it should be. When s Society's balance sheet is examined, it will be foundthat a certain capital is zeqnired to carry on the business, snd no matter how wedespise the capitalist, no msn can run without legs and no Society csn improve the«moral, social, snd intellectual condition of its members, " fsr less "supply themwith groceries, bread, Sour, &bc. , without money. Even under present economicconditions, beioro stores can be furnished, ovens built, snd s stock of groceriespurchased, a sum of at least 6ve pounds per member is required. No Society couldexist were every member only to hold his minimum amount of capital. Is it toomuch to require that every msn who aspires to guide the fortunes of the Societyshall hold, or be responsible for, at least, the average a&count required per member?As stated before, in many Societies the minimum amount of share capital allowed isRve pounds. Surely it cannot be csBed class legislation, or property qusligcation,to specify that the leading lights of one Society shaB hold at least as much sharecapital ss the poorest member of the Lincoln Society is required to hold. Co-op-erators should above aB men, be thrifty, and the Committee, above ag members, shouldshow that they have faith not only in a general wsy in tbe cause they advocate, bnt inthe particular Society they overlook. Csn mea be csBed thrift who with, ssy, spound in the Society regularly draw their dividend snd interest quwter afterquarter, spending the uttermost farthing of what is found money, money whichwould not exist but for the stores; or does it show congdencein theirown manage-ment or business capacity to keep theiz capital at s minimum point, espccisBy whens rate of interest is paid on their investment which is ss high ss can safely beobtained anywhere else? Committeemen are the trustees to whom the money ofour members is entrusted, snd they sre expecied to look sftez their own money sswell ss that of their ueighbours. 4Vbatsaeridce would it entail on s man who he&1

practically nothiog in the Society should it unfortunately go to the wsB '& PracticallyI should go further snd say that none should be entitled to vote on sny questionuntil the had their minimum share paid up, but ss this goes outside the question of

*

no more need be said on this matter. While admitting that the holding of- shaw capital does not invariably make a eo operator, and that the big purchaser is as

usa?uk&as Ae big shareholder, other thmgs heing equal, the purchaser and big share-:.:.htjljhecdsmdd be preferred to the trader with the minimum smoant of capital.'Agiiiri, Be should be a business mau or likely to make s business man. Few

members realise the imperative necessity of having this stamp of msn onthe Committee, snd little thmk when they are nominating a candidate thatthey are certifying his Rtness for the post. bbmy s time tbe candidate isquite unknown to either proposer or seconder, snd the few who attend tbebusiness meetings of the Society of(en regard it ss a benevolent institution,social, temperance or religons club, trades union or anything ba4 s businessconcern, snd oppose with great vigour sny man who hss tbe least notion of con-ducting the Store, whish bss to compete with other shops snd on business lines,

To justify our existence stores mast of aB things be made to psy, but withcomm&ttees whose main qusligcations are Ruent tslkem, local prssohers, eomie

singers, or pot house politicians, it is net saxprising that societies oecssionaBy goto the wsB or get along very fndIRerentiy. bien szs sometimes nominated for fun, ordevB ment, to get rid of their imporbinities, or fmm sheet want of thought, snd these,

althoagh unknown to the rest of the members, wiB oust s fair average committee-

man for no other reason than the want of s ohsnge or pure Indg?crease of the greater

number &tssisting the few who plump their favourite candidate. Consistency,

persistency, snd independence sre also important quslificatioas. The msn who

hss no backbone and is blown hither snd thither with the wind like a weathercock, isonly s trilie less contemptible than the msn who is sB things to aB men, sits anthe fence at quarterly meetings, gives them a bit of blarney using a lot of high

sounding words which mean nothing, snd when something is said of which the

majority approves, exclaims "That is justwhst Iwss going to say, Mz. Chairman. "This trimmer msy for years blind the majority, but the msn who chests others

will eventnaBy chest himself, snd sn honest msn, however unpopular at times he

may be, will prevail inthe long run. The committee-man who is under the thumb

of another is not so culpable, snd more to be pitied, than the man who hss no mind

of his own, bnt s society is better without either. As human nature o(ten asserts

itself, it is well for men who sre dependeat on inveterate opponents of our move-

mcnt for their daily bread, not to tal-e too active s part in the So& ieiv's a((sir,and give ss little ogence as possible to those on ivhomthey are dependent. While

it is a shame that men should be coerced, the best tempered emplover in the world

Boss not like to be contradicted or. delied by those hv considei. hi inf rior, anil

following the dictum Io, if possible, live peaceably ivith sli meu, i& woubi be w II

for such s co-operator to let the committee severely alone. A Committee-man

should also have s certain amount of time st his disposal, over aud above the tiiue

of meeting (general committee). The business of the Society cannot aB be trsnc-

nd half or o oc u ied b the enerslcommitteem&eetin . Sub-

QUARTERLY RECORD.

detnil the principal sources (rom &vliieh &ve derive our profits sre shown, keencutting competition aml discreditable tactics in relation to wholesale purchases srepursued by opposition traders. 1Vhile our accounts, capital, turnover, and profitare aB exposed to traders, they take care, au&1 justly so, that no hint of theirRnancial or probt earning capacity shall reueh us in return. As if these ndvsutsgeswere not enough, these unscrupulous tradesmen are often sided aud abetted byinformation from members of tbc society, snd even by committee-men. A goodpurchase is made by s sub-committee and reported to the general; some membersof these, beiog Bke the cats, cannot fare i&eii an I hol&1 their tongue, and althoughthe trader selbng for certain cash and ready money msy take less than the marketminimum, the (sct gets trumpeted over the town, and the result is unhappy; tbemerchants' other customers are dissutis(icd st what seems to them the co-operativestore getting undue proference, his brother merchants sre Bown on him for under.selling, and he gets annoyed with us for not keeping our own counsel Or s bsdbargain is made, and in s week or twoyou may buy the goods at less (ban what youhave contracted for. Tho oiiendmg sub-committee sre promptly 'spotted, ' andalthough guilty ol nothing worse than "error of Iudgment, " the extent of such error ismagnified, dishonesty imputed, you are bounced o6 the committee nnd, the chancesszc, grossly insulted into the bargain. Or the duties of some of our servants srealtered, or some dereliction of duty inquired into and the culprit admonished.Nobody ever takes s word outside the committee room, but the fait remains tiiatwhat particular committee men have said, &vith n little added thereto, is generallycounnunicsted to tbe parties concerned. A few csny the ne&vs quite openly,sBeging that they belong to no secret society, nn&1 cumiuend I ho policy of speakingstraight out on aB possibie occasions. Sucli men do noi keep their position, sndoften cause tronble by taking upon themselves st general meetings io answerquestions, often to the detriment of the society. A second source of informationis the thoughtless cmnmittee-man who tells his wife, who tells some neighbour&,or the Women's Build, from whom it travels in a roundabout wsy to whom itmay concern. But I am s(raid thatin many cases informatiou i~ carried for thspurpose of playing to the gallery, trying to make some one contemptible in smember's eyes, and proving once again that "Co&llin's the frienil, not Short. "No goo&1 can coma of carrying business ontside of iho eoimnittee room, snd s greatdeal of harm may he and gonersBy is done. Improvements may bo thwarted bythe society's servants determining that things sliall remain ss tboy nve, or on somacomplaint being mails as to their con&hict they uro forewurne&1 nnd forearms&1,making themselves appear the injured pnrty. or in purchasing property, if thenews gets out that the "Co-Op." ivant it, thc price ir run up out of aB characterwith i&s value. To sum np, ss lung a» &lie&a is no r&rklo»s speculating an&1 thewhole o( tho proti&s come to the n&embers, the di(ierence between buying and sellingprices should never be known m&tsule the conunit tee-room No privsto trader woulil

allow sn employee to know whs( prugt was beiug made (rom his labour, or i( hedoes not suit, that you sre looking for another man to till his plac&. . IVhp . hou'. il

co-operators? These are some of the qusliRcations which to o&y niind src rv IuIri I

by aB committee-men, snd it is time to ssy a word ss to the(& ilutir. in conner&, i m

with some of the ogicers of the society, whose posts are u&&netimce a sumed bymembers whose zeal msy out-weigh their discretion.

The ofgcers of the Society sre usually elected by the general meeting, but it isjust questionable whether this is the best method of election. The president, forinstance, will probably have to preside over twenty Committee bleetings for eachgeneral members' meeting, snd it may fairly be urged that the Committee shouldbe better acquainted with the tact, bssiness quaBties, snd general standing c( theindividual they may choose ss President than that quarterly meeting; althoughno doubt it is s greater honour to be the chosen of the many rather than the feiv;sud tbs same msy be said of the Secretary snd the Tressnmr. Where the Secretaryis also manager, hs occupies a somewhat anomalous position, being practicsBy theservant of two masters. As Secretary hs is elected by snd the servant of thequazteriy meeting, while as Manager be is sleeted by and responsible to the Com-mittee. The Treasurer should in himself be a substantial man, snd be guaranteedby s Ousrsntee Society or two other substantial men. The want of this precsntionoftea pmves a curse to Treasurer and Society. bfsny s msn has used moneyentrusted to his care fully intending to repay it when it was required, zelying, like11(r. ifieawber, on o something turaing ap." When this comes round the moneyis not provided for, the result being a charge of embezzlement snd a lose to theSociety. Whatever s Committeeman's zeal, he rarely aseames the post ofTreasurer, bat none of the other ofdees of the Society sre above his supervisionsnd supercession when the Rt talres him. At Committee meetings, knowing hows meeting can be conducted better than the President, he intercperses remarks whenother members sre addressing the Commit(ee, gets up a meeting of his own st hisend of tbe table, snd whea called to order refuses to accept the Prssidenpe ruling.Sometimes he is the pmcticsl msn oa the Committee who csn mB a boot betterthan s man who never saw a boot, snd hsc a pro! mnd knowledge of leather, infact what he does not know ou any conceivubie subject is nct worth knowing, andin the course of s debate will record sonic little fact s se, re of Biff r ut time .1Vhile it is nvceccary that important subjeci. chonid be thoroughly thrasl ed out, itis extremely unf &rtunam to hav& t & muzzle «u over-&sita&ice m& mber. It I» theduty of every &usn &o roller& hi. &I»ox&i&-. an i ivli& n hi. uiru ruu, . riv. Iii-opioion on an? cublect. cnd biv& i'I one& s&& I!.& cil. Al&v \B'il v. t«' v&i&&''-ri Iyanother m iiiber ~ 1«iol I la vol r & I or r&( ii I, bct n & iirooiu Iv r p s&i I, sn I

hsviug g&vrn expression to you& i«w iio &&i»i,h&u'6 1&& a& I. Tlm p«&cele oia man lumpin up twenty Iinu c m s Ii.eu&, imi Io .-.sy ihe .arne thing &coul I bearousing were it not co ndiculouc Io waste valusliie time, an I airer spi;ik&og '-'

times such meri&hers w&ll c&mpla n bitt riy I otii I the Pre id nt I so pi&&en '. aii'Iapply the el&cur&. An tli'r wbo eve& "Ic hi& duty i. &'o man ii n . . w . &

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Io LINCOLN CO-OPERATIVE QUARTERLY RECORD.do so by a majority ot ibe Committee. This would apply to every othersezvant of the society from managez to message boy, no individual Committeeman having any zight to interfere with their work.

Much of the hiction between employees and employer is the result of this wantof knowledge of their true relation to one another. One member in looking overthe place sees something out of oxder, snd instead of asking the manager for snexplsnaffon, starts on the employee, who rstoaqs again, the Snisb being both partiesget warm and grossly insult each other. Two wrongs do not make a right,but on the principle that the weaker goes to the wsB, and that due respect snddiscipline must be maintained tetween employer snd emplo) ee, it is genersffy thelatter who get the worst of it. When s manager is appointed &us Store, it isthe business of every member of that Society to assist him by every means in hispower, and no Committeeman should tamper with the employees or interfere withhis duties. Common sense should teach the employees that s due amount ofrespect sbonld be shown to those who for the time being are directing the sffair-of the Societies, but few have the presence of mind to refer them to the managershould the Committeemsn make enquiries or points 6remarks on unpleasant subjects.Few matters between employers snd employed need ever come before the Committee,for it is the Committeeman's duty to zeport to, and make enquiries of, the manageron any matter he sees amiss, snd aff communications between the Columittce andtbe servants should pass throngh the manager. When the manager is ignoredones or twice in dealing with the employees, his authority is lessened, snd he him-self is spt to become careless and aenoyed st what seems s bit of s slight upon him,In going round with the manager s word of praise where it can conscientiously begiven, wiB go far to make up for sny adverse cziticiem where matters can be improved,snit nicks manager and employees feel that you sre one of their friends ss well ssone of their employers. Of the Committeeman's duties to his brother Committee-man, the golden rule "Do aston would be done by,

" will go far to guide him inthe hoard room. The truth shonld be told when it is worth teBing, snd ss every-one delights to hold his own opinion (snd Sies arc more likely to be caught by treaclethan by vinegar), a little geutle sures m, if it does not &onviuce some specisByobtnse brother &vho cannot quite ee through your argument, is always much hetterthan telling them blnntly whit they are, In these few remarks lhsae just glancedst one or two of the more important duties snd qualifications of s Committeeman.If the Societies ot the Lincoln District have men on theh boards who sre sB u to( this standard, then we sre to be congratulated snd envied above sB other sections.I Whffe in the rore possibility of sny bere catching a glimpse of themselves in themirror among the bsnefnl type, I trust that they wffl take it in the spirit in which

jwit is written —the truth in lave —snd feel that if they hsd s friend who when theIit iB.

ere angry (oz foolish) would show them their face in a glass they would not take

1 THE EARL OF BEACONSFIELD ON CO-OPERATION.It is refreshing snd encouraging to come across s favourable opinion of Co-op-erstioa Som one whom we shonM have supposed to have been the lss4 in theworld to have expressed anything of the kind, TzsveBers eros ing a desertexperience pleasure when, without the slightest ground for such an unlookel foroccurrence, they came aero s s spring, snd that, tco, shen most in need of water.The late Earl of Beseonsgel&ps belief in the power of Co-operation to raise theworking classes from their present position snd place them beyoud the power ofgreat capitalists is embodied in tbe foBolving conversation which is supposed tohave occurred between Enoch Cxsggs (s workman), snd Endymion (s landlord)."Isometimes think if wears to be rule} by capitalists, I woald sooner, perhaps,

I &(a be mled by genriemen at estate, who have been long among as, than by pemonswho build big mills, who some fram Ged knows where, aml when they have worlredtheir mfflione oat ot eur Sash eel bona, go Ged knows where. Buf, perhaps weshsB get rid of them sB some dsy—landlords and miB-lords. ""And whom will you substitate for them 2 "' "The pmducers, "said Enoeh, with s glance half-savage, half-triumphant."What ean workmen do without capital 1 "" Why they make the capital, as&Xi Enoeb, "snd if they make the capital, is itnot strange that they shoald not be able to contrive some means to k thiti sL Why Job Thomberry wss saying the other day that there wss nothing like apwnciple to work upon. It would carry sB before it. So say I. Aud I have sprinciple too, thcngh if is not klaster Thornberry's. But it will carry sff before it,though it msy nof be in my time. But I am not sure of that,

, '-kM"'&=, ;.;,. C &;"-"-

'THE Ct)jt)PRKlTIVR CORGSR88 AT HUDDEBSFIELD.The Twenty-sevanffa Annual Co-ojwnative Congrew was held at Rudders' on

dcfegnf&w.

The Caugxum ia e&uavexed hy tba, ssafwrariva Union of Gw(if' j)zttain sad Ixas

membership of 1,084,111 shareholders, or 58 per cent. of the total number ofexisting Co-operative Societies, and over 80 per cent. of the total membershi otsuch societies. etu rs peThe presidents for the three days xespectively were kfr. George Thomson,Counefflor T. Bland, J;P., and, Mz. James Bmadbent, sB of Huddersffeld. . Depu-tsfions wem received fmm the Trades Union Congress, the French Co-operativeorganisstions, snd other associations.The attendance dnring the whole of the Congress was the lazgest yet attained,snd the most noticeaMe characteristi of the Congress wss the evident desire onsB sides to put an end to the long-standing congiet ss to the methods upon whichCe&qwxative pmduetion shsff be extendekOn the ffzsf dsy, after the Pzeddent's address und tbe reception of depaataffons.a dissuasion tack place on "Co-operation sud Agrteulttaze upon whish thetaBowfhg mwi«tkw was sdop4ed &-

That 0&x»cessrii'u. heiie&icsthat theoric ipi »u&coope&saicus&e&apshlecia&»' a&cee«ud re»all» ao a~&&eau&at G is»&&, &»qcwt» tke Cutlet 8» &dqce»uea aod prepare some Olm ei avri&cl&e&M C„»O»muss, &o be dis&uawl ur»ec&e»«'«» e'c'rally; »uch pksu to deal with &ke qc»e&i'o ci ahe vc»&»bi&i e& rental »i land, tbe eco,u&i c»of mpl»lc'eoa sad &emaceration of the Ia«»u&»&, C&e de»i&st&thar ci Cc-&«&era(i&e icuns„Veisa cocdueted by bodies ci works&», or br s &&en»» pact»Br fermat for tbe p odi»tributive o&deu&w either»be)r or in eembmc«cc wub others.

The discussions daring the remainder. of the Congress were based mainly uponmatters arising in the annual report of the Central Board of the Union. Amongthese was the subject of cred&t trading by stores, a practice stated in the report tohave been found on imln&ry to prevail widely. A resolution wss adopted by theCougress instructing the United Board to urge aff ihe societies to discontinuecredit.

With regard to production and profft-sharing, the following resolutions wereadopied:—(l) "That this Couwew being in armpstbr with tbe soxreatiou made in the presidentialaddress in favour of conciliation between the two wings of Co.operators in re srd to prout-sksriug, hereby autboriaes the Baited Board to call together repreaeutatlves of these two

&liege, to meet with them, with the view to sgreeiax upon some common seaica to sttsia tbiaesd.(f) "That tbts Congress is of opinion that the time hsa come for special action tc furtherdevelop the productive aide of our movement, saul recommends tke ierestiec of s fund to saxi»tielustrisl ps&toerabip smosgat tke workers under the guides e of the Ceutrsl Bus«i, so&1 tbstthat Board be requeeled to take immediate steps to formukste c, scheme to carry out the aboveobject."Upon the report of the Parliamentary Committee of the Union two resolutions

were adopted with regard to factory and workshop legislation snd the impositionof "Co.operative conditions snd limitations in connection with aff bills whichhave for their object the pmmotion of company mouopolies. "; ljpon s proposal for the formation of an International Alliance of Co.operators,

i4qrss zesolved to appoint a Committee to make inquiry into the matter.A large portion of Wedne day wss devoted to s revision of the rules of the

Union; the proposals relating to the qusligcation for delegates were deferred untilnext year, the chief alterations adopted being changes in the procednre of Congress.

An exhibition of goods produced by 71 Co-operative Societies wss opened onSst«rdsy; June 1st, snd remained open until the close of the Congress.

ACTION AGAINST AN EMPLOYEE.Ttrs Lmcon«Co-ox aaszxvu Socmzr v. Tsmoa. —In this ense the Lincoln Co-op-erative Society claimed from George Shsrpe Taylor, late sn employee at ltsrketRasa«, the suan of BE&0 18s 66, balance of money due to 4hem from the defendant,ss their manager st Market Raven, in respeot of goods entrusted to him snd takenover by hiln at s certsinffxed price, with s promise to sell at s certain pries. Thedefendant denied that he owed the plaintiffs anything, snd counter-claimed forS50, whish he said wss deposited by him in June, 1892, with the plaintiff, underan agreement fern them to repay in s month sf ter notice had been given or an thteennination of service. The plaintiffs claimed to retain that, ia sduition to the

e$60 for which they were suing

ktr. Dvsnsx«, Q.C., with whom was Mr. Exam«mero«Smzn (instmeted by Messrs.Wiffisms &4 Son) „wexe for plaintiff, sud Mr. Szmezn (instructed by Messrs. Pageand Psdley, Mazket Rssen), for the defendant.In opening the case, 'Mr. Dvensl. s statail that in 1892 the defendant wss appointedmanager of the plaintiff's Ifsrket Rasen Branch, snd the agreement recited that hehsd been appointed msnagez, and had deposited $50 with the Society ss securityfor the faithful discharge of his duties, snd if through his carelessness there shouldbe any wasting or loss of any of the moneys or goods of the Society, or if hecommitted sny sct or default contrary to the agreement, the B50, or so much ofit ss should be required, wss to be forfeited towards the liquidation of such Ismage. n he meantime the Society agreed to pay quarterly Sve per cent. per

lou 0 suc oss orannum interest on ths 850, the agreement to be put sn end to by s month's noticeb Ion either sids. The so«tention of the plaintiffsinthat esse was that th d f ds t,y care ess wasting or loss, or by knowingly permif ting careless wasting or loss, hadbecome indebted to the Society for the whole of the S50 deposited, snd the sumof S61 odd in sddiSon. Counsel detsilel at length the sj'stela which the Societyadopted for eswying on its business, snd went on to ssy that the quarerly stock.taking in April, 1894, showed a loss of $11111s 10d. B the defendant had carriedout the terms of his agreement a profft must have been shown for that period.He had to make out that that wss ca«eel by carelessness. Early in kfsrch, 1894,the Committee of the Society were not satisfied with the wsy in whi h T Iconducting the business, snd they gave him notice to leave. Taylor wss presentst the stock-taking in April, but he would not sign the quarferlv balance-sheetwhen it wss sent to him. He asked to see the stock-taking books for the previousJanuary, with the view of Snginp if,.~had bent xu&phs He»Ix&4 S)s14,

befqfe. OR«'-~ ~le-aa)(((45SIEFSifkjf4(j flank)54fqqcuw f(Pea"~'~~

'zrikkd&(knt'atei'books, wE«ah i(k&wtd babmcu frffk fka wnount ot cashzeceidcd, b«4 did nvt correspond on say sfngka dsy daring fhe quarter. Someftm&wther« was nuwe cash than was aseonat'ed 'Em by 4he auuxxfsebcukaq&waad sf ethertmws fbera ww Iaw& That ada&)a&ed tba msn h'u&'I lwen~ wglfgauf'

fh'u'emd«et ef fke businesa

Hba Kefanwxxs caked Mr. Sfuaagw fn sfsfw Tea Savkwurds hiil view of the case, anilMr. Szmuun, in zeply, said that his contention would be tha4 the defendant didwork faithfuffy snd to the vezy best of his ability. He tha i y. e wss there as theirmanager, and hsd Sve or six assistants, and his duty was tlonerous ehszaeter, snd he would not be responsible unless there wss either mis.conduct of s criminal character (which wss not saggesfel) or ver oIt might be that the st&eh-takin wse also t tall'

g wse no en with perfect acemaey, snd itthis wss done or not it was now impossible to determin . Had thknown that this course was to be taken against him he would doubtless have

e rmine. the defendant

tcheeked it moxa than he did. His learned friend (ff . Dugd&d ) twhe question of leakage, but up fo the present nothing on this account hei been«Bowel There u'ere, indeed, a gre«4 many ways in which the non- 4 otcaid, the leakage, wluch ames from mcwvmg an article m bulk sr«l se xt ouf

branch mskin s prodt. This was not done in thee 'f h' '

".'

(of coarse a certain amount of discretion was allowed him', but wss done b thedirect orders of the Committee. Then there were s number of eri.where it became necessary to aeB st a Ios», ISuctusled a meat deal. There werc also»eversl othe b

ae s a os. ', an( the prices of others &er oftenmi ht be accounted for.

s» r o er ways by whish the lo s

' sc:.1E

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LINCOLN CO-OPERATIVE QUARTERLY RECORD.

The JUDGE said the question before him wss whether there wss wilful, cszriesswssring or losing, or knowmgiy permitting to be wasted or lost, snd jgr Stsngezluul evolved no principle on vihieh he wss to decide. He thought the hest wsy tosetge the matter would be to arrange with someone to make s report ss to how thclass might have arisen, sml leave it for him (the Judge) to decide whethm therehsd been compliance irith the agreement or not.

Ifz, Sxsaess observed that the defendant left the Society's employmeut rritthe best of characters, and up to the very last they complimented htm on the wshe hsd done his duties. Indeed, he hsd a letter which wss wrigsn st the hmenotice was given, which stated the Committee hsd no doubt hs hsd done hh l estfox the Society.

hfr. Duemr, s: That wss before we found iiut thc accounts d,.dsingle day iluring the quarter.

Consultation then took place between counsel sudit hsd been agreed that the Society retain the $'50

amount, both parties crying "qnits snd paD 6 thch

Thr Jason: I think that is s very reasonable settlement.

Hr. Dusx sun said this was s dit9cnlt csee, and if it had to go to a zeference themoney would be spent snd wasted in expeases, and it wss much better for bothparties that the case should be settled.

The case wss accordingly settlcil by consent.

GLEANINGS EROM BALANCE SHEETS OPNEIGHBOURING SOCIETIES.

RING'8 LYNN. —Twenty-8ith

Quarter ended Febzuary 27th, 1895,$ s d

Sales .. .. ... 2,324 10 3Share Capital ... ... 1,071 6 0Reserve Fund . . 24S 18 69Divulend .. . .. 0 I 9Assets ... .. - ~ . . 2 787 17 106

Tbe nnmber of members is now621. The cscuasf aaf lund zecentlystarted has been joined by19 members.

LOVTH. —Thirty-thinl Qnsrterended June 27th, 1895.

$ sSales ... ... ... ... I,I48 0 8Share Capital ... ... 1,530 8 9Resezve Pand ... ... 68 0 0Dividend. .. 0 I 6

Assets ... ... ... 2,260 3 9

This Society has entered on newbusiness premises of its own, sndtho increasing business justiges thisforwmd movement.

GAINSBOROVGH. —Ninety-second

Quarter sailed June 4th, 1895.s d

...11,661 I 9)

... 19,590 5 5

432 180 2 0

...22,386 17 Oi

SalesShare Capital

Resezre FundDividenilAsm'ts

GRIMSBY. Halt year ended June27th, 1895.

s d

Sales ... .. ... ... 19,319 17 9Share Capital ... ... 2,902 9 4Loan Capital .. ... 9,933 16 8Reserve Pund ... . 1,029 0 0Dividend. .. .. 0 I 8Assets .. .. ... ... 16,996 16 5

The Sales shew an increase of $340over those of the corresponding Quar-ter of last year. 29 new members havejoined the Society during the Quarter,15 have withdraws, and 2 have beenstru ok out, leaving the present numberof members 1923. The sum of $1416s 11d wss given ss bonus toemployees.

PETERBOROUGH. —Seventy-second

'Quarter ceded April 2nd, 1895.$ s d

Sales ... ... .. ... 22,021 4 104

Share Capital ... ... 82,876 12 6

Reserve Fund ... .. 1,602 4 Sk

Dividend ... ... „02 3

Assets ... ... ... .. 38,712 8 Sl

The Sales show sn increase of $830over the cozmsponding Qasrter of lastyear. A special bonus of $68 was

given to the employees, being 5 percent. on their wages for the Quarter.Pmviously no dividend has been givenan sales of sugar and eggs, but infature dividend is to be paid on all

goods sold. Daring the Qusxter 282pomona joined the Society, 165 with-

drew fmm it, and 106 were struck outof xuembership; the present numberof members is 3,957.

BOSTON.—Pifty-ninih Qasrtez

GRAN THAbf —Righty»eighthQusrtm sailed April 2nd, 189o.

s dSales ... ... ... ... 6,957 8 6Share Capital ... ... 12,702 15 4Reserve Pand ... .. 271 11 8Divideml .. ... ... 0 I 10Assets ... ... ... .. 14,604 19 8

Daring tbc Quarter 25 memberswere admitted into the Society, 15withdrew from it, snd 111 wexe trsns-fexred to Billingbom', where what wssformerly s Branch hss started ss anindependent Society. The Sales ofthe Gncntham Society are under lastQuszter by $199. The tarn-out ofbread from the two bib eries hss greatlyincreased, snd it is decided to havethe whole of the balung done in future

I at one plass, for which purpose steamdecker ovens, ckc., me to be put in sts cost of $400.

HUNTINGDON. —Thirty-Sfth

ended A ril I 1895.

REFRESHIIIENT B jhR c

NRW BUILDINGS, FREE SCHOOL LANK

TARIFF.Cup of Tes - - I Bread & Butter - 2 Pork PiePot of Tes - - lk

' Roll ti Butter - 23 Bun fk Butter - lb Plain Tes

Cup oi Coffee - I Scones - - I Tea withCup of Cocos - I Scone tc Butter - If LemonadHsm Sandwich - 2 Pastry - - — I GingerPlate of Hsm - 3 Sausage Roll - I Pottal hf

8 . Plam Bread fk Batter 3 C'

Pastry - 62

Beer - - Ibeat - - ll

shment Rocyxgu

ev-, eiul Thucadaysatgcciehcchti ii.fii. ' slid ll usftlrdcl

CORRESPONDENCE.Tc recure iiuertica, , leficrc chcafd bz viric(eo oa ciie side cf the paper cidy, iii c

fcyRfe hend, ciid sathmiircccif by rhe eccw cail cddrecc oj' fhe urger, aor fcr facbgrs.

rica aafccc ecpreccly iaccaiicd cc. Alf corrccpcadcare should bc cddrecccd cc Zhe

Editor, l.iaccfa Cooperative Nacrd, 33 Portland Srrect, Z,iacofa, .

Lcffcrc are f»cited ea Cc-cpcriinee topics, asd oa che wcrhiay cj' chc Society fnmi

cay of the Jfirabcrc. These cclarsac are open to cfh bux the igdifcr does aof hohi

hiwcc!f rccpcacibfc jbr fhc cpiaioui of ccrrccpoudcafc.

The total number of Members isI;955, being. an inmusse. of 27.karingtha. -Qasrtar. The pxugg shacya 'a

INri~479 4 0

A Penny Bank is to be commencedby the Society st an early date. TheCommittee give notice thai they arearranging for s large exten: ion ofbusines prcmhws.

"Iaaa'e'Bzr Country llcmber i»iij;Saturday, 6 fo 9 pca.

THE ~JJJJJJIJP EOOAF fs opsa daxfag the sscae hocus ss the News Boom,aasept ea Wdnhisdays iihsa it is clasal altogethar.

Sgs~ -IS~ Pxa

ioui i,,, .„,.i'::,. ' „., Truck

er, sn o-opera ve ewsSosiety hss decided to engage apermanent Sesrebuy to keep the ILLUSTRA.TED PAPERS.—The Graphic, Engines

' 'earing, Building

accounts. The members have in- Nevrs, Figsm, The Queen, Punch, Judy, Puu, illustrate n News, Lachescreased by 14 durin the Quarter, tba Pictmisl, and Mra Weldon's JournaLpresent number being 758. The Sales - 'tu,have incresmd to the amount of $730 h[AGAZINE '.—LcizurcHnur, C i. ii'e Fiiu iii bi i sshubChambatcy Jaaraaitover those of the corresponding Quar- Goicd Wcrdu New lteview, H, irper'..: 3lag; zinc, I'oriui only Rariswh Tha.Cscctasycter of last year. Pnglish Illustrated 31sgszine, Nineteenth CcuiuU, sud Tba Rsvisar uf Esvhctaa

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12

LINCOLN CO-OPERATIVE SOCIETY LIMITED.

Central Stores:—Silver Street and Free School Lane, LincolnCorn Mill:—lVIontague Street and Waterside North, Lincoln.Farms: —Gregg Hall Farm, North Hykeham.

Garden —Farm and Piggeries, North Hykeham.Abattoirs: —Sincil Bank, Lincoln.

XIXL~XIÃMXKHigh Street, Bracebridge.Burton Road, Lincoln.Shakespeare Street, Lincoln.Ripon Street,Welb ourn.Metheringham.Great Northern Terrace, Lincoln.8axilby.Baggeholme Road, Lincoln.

R%'&XLX 5$:Newland Street West, Lincoln.Bardney.North Street, Horncastle.South Street, Sleaford.High Street, Lincoln.Queen Street, Market Rasen.Bassingham.Reepham.

3ESXX~C XXX XL~ XIXL~XQ'C XXX Ko ~

Ripon Street, Gresham Street, Burton Road, and High Street, Lincoln.

6+HIS Society is without doubt a veritable boon to the working classes. All eyes are upon it, Its continuous progressI i-. a puzzle to many. They want to know how it comes about? The reply is simple! There is no secret about itWe manufacture for ourselves, and what we want besides, we buy for ready cash, in the best markets of the world, andwe import our goods in our own ships. We thus command the best terms. We sell goods at fair prices. Our member'Iknow that whatever profit is made is their own, and they get it in proportion to their purchases, in the shape of substantiadividends. Such benefits as these cannot be had elsewhere. A Co-operator dealing regularly for one year at the Store&will fiml himself or herself much better ofi' than a bargain-hunter who runs from shop to shop to save a farthing here o.a halfpenny there. At the end of the year where are the bargain-hunter's savings? They are nowhere to be found; buthe Co-operator has his dividends, either to draw out or to leave in the Society, at five per cent. interest. Try it. W«ofier no specialities to catch the unwary. We do not sell one article below cost price. and another article much above itbvalue, but all at reasonable rates. If you want good articles and true value for money; if you want to save for the futuredeal at the Stores. Be a member and partner in the concern, and buy nowhere else but at your own shops.

ALL THK STORKS ARE WELL STOCKED WITH

HQUSEHQI. D REQUIREMENTS of every DESCRIPT IQN,

';ll

!I

C Ch-CRX X XCA.K'X%'X KT'X A.XVKXBDA T'K =«'Unity" running between Gsreton (Liverpool) and Rouen.

' "Liber'ty" running between Goole and Hamburg.'«Progress" „Goole snd Calais. "Equity""Pioneer '* Manchester snd Rouen. "Pederation "

These Steamers belong to the CO-OPERATIVE WHOLESALE SOCIETY, of which the LINcoIN Co-oxznITIVISoctzrv forms a part, .

IN STRUCTIONS HOW TO JOIN THE SOCIETY.A person wishing to join the Society must leave his or her name and address at the Central Stores, or at any a«.

the Branches, and pay an entrance fee of 1s. After being accepted by the Committee, each Member is required to tak'up five Al shares, which may be paid up at once, or by instalmenfs of 8s 8d a quarter; 1s to be paid on signing thedeclaration book. Theprofit on Members' purchases, if they amount to 5s weekly, is sufficient to pay the 8s 8d pepquarter. Interest at 5 per cent. per annum is paid on each Xl invested up to 480; over that amount 4 per cent. is paidMembers whose trade dividend does not amount to 8s 8d quarterly receive only 2$ per cent. interest for their capitaL PFV

further information may be obtained at any of the Stores, and Members may be enrolled, on applying at the OfficenSilver Street, Lincoln.

COUSANS, PRINTER& V i3 S4 - DICT'S SCIUARE& LINCOLN.

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!!RW

~j

p&~s N-/

lj

g

ig

PA

Myy~a/WE

,~s~„c@A&gj J

cF io

W8 l~. W ~-Yd. p'

I

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Page 11: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,
Page 12: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

"SLOW BUT SURE.". UNION IS STRENGTH. "

4((((ot(( Vi(j((lt'l(ll( 6I0=0Pel't(tlllf 3(((ll(lttl(itl +~0(lftlJ Xl(tt(t((l,

ESTABLISHED 18e1.

REGISTERED UNDER THE INDUSTRIE. L ~D PROVIDENT SOCIETIES' .FACT) 1898.

h S+O ceeeeeeet OC Oeeer~ceee/reer t+ÃPr+Ã4 OO 1 p'w~W Oct

OBJECTS OF THE SOCIETY.—First, It provides its hlembers snd the General Public with Bread, Flour, Grocery, Provisions,

Drapery, Clothing, Boots snd Shoes, Butchers' threat, Coals, Crockery, Hardware, Furniture, tic.

Second, It eeelm the domestic, social, and intellectual advancement of its Members.

Annual Business, over 2176,000. Number of Members, 8,418. Share Capital, 297,458 17s Od..

Loan Capital, 218,P64 7s 1d. Reserve Fund, 85,780.

Bankers: —THE LINCOLN BM) LINDSEV B~KING COMPANY, Limited.

The 1(t'. t'()liT;((((1 BAl, ANCE SHEET for the 186th g(larter,

ENDED OCTOBER 2nd, 1895.

Drapery.

k1,452

from other Co-operative Sources

Value of Goods produced and grown by this Society

R112 $191

Grocery.

Purchases from the Co-operative Wholesale Society .... $10,550

Boche a Shoes.

$450Tsilciin6.

$400Furnishing.

Z600

R69

Total:

413,452

B761

$8,422

Animals Slaughtered during the Quarter: —Besets, le&; Calves, 6; Sheep and lambs, 363; Pigs, 135; Total 626.

Ceatrsl Stores snd OShces —SILVER STREET AND FREE SCHOOL LANE& LINCOLN.

No. 1 Branch —BRACEBRIDGE.

3 „—BURION ROAD, LINCOLN.No. 10 Branch —NEWLAND STREET WEST, LINCOLN.

„11 „—BARDNEY.

3 „—SHAKESPEARE STREET, LINCOLN.

4 „—RIPON STREET, LINCOLN.

—NORTH STREET, HORNCASTLE.

—8OUTH STREET, 8LEAFORD.

—HIGH 8TREET, LINCOLN.

„13„14„, 16

16

,&lv

—WELBOURN.

6 „—METHERINGHAM. UEEN STREET MARHET RASE N

—RASSINGHAbL—GREAT NORTHERN TERRACE, LINCOLN.

—SAXILBY.

STREET; Na 3, BURTON ROAD; No. 4, HIGH STREET.9 „—BAGGEHOLlKE ROAD, LINCOLN.

Butchery Breaches: —No. 1, RIPON STREET; No. fh GRESHAM

The %%MAL MEETING mli be held in the Large Hall, on monday Evening, Noveinber gh, 13195,

Tfcc Choir to be tafcea by tbe Prceitterht, mt yfttgf~t Sceevc orgy b

E'RO4SRE, FSSSB OE' BlJSXSIBSS.

shee of hash Gssttcrly b(cchiss

3.—Eeperh sad Balaacc Sheet,

6 carried at lash 4tsarhcrly %88tk06.

4., The Aaasal Festival.

c Kcmb t 6.. ~V~P.~ tEh~I—00mtto of F~ 8 t

~ ~vc Ccmauttcemea aad

9.—mac(ton of Five bfsmbcrs of tbe Educational Committee

19.—Aay ether lmsimsa,

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COM MI TTEE OF MA NAG EM ENT.*Mz. IVM. IIEWSOVi

*giz. WII. TURNERM;. GKO. I.EIVIS ...

'99

'PAYLOR. Casmsii —iglr. I'RKD STKPHENSON.

Meetiugu have Lieu helii iiuriug il r. (Iuavtrr.

J W. CODLING, President ... .. . ... RS ~ *Mz. W. B. HOWARD

GEORGE HARTLEY, Tzeusmer. .. .. S4 i Mr. GEO. SHARPE

Mz. DUNCAN IMcINNKS, Secretary ... ... 24 I *Mz. M. SMALLER

Mr. WM. COULSOiV .- ". " " ". 23 I Mr. ROBERT FISHElt

Aumzons —Mv. GEORGE RICHARDSON, III, JAS. ORANGE, Mr. FRED* Retiring Members, each eligible for uomiustien. Zg Committee

99

17

BOOTS

BUTcusRY

BUILDINGS

Coal

DEPARTMENTAL COMMITTEES. Efes vs. COULSON, CODLIiV'G R SHARPE DRAPERY A Tan oainc. ..Messrs. HOWAltD, FISHER & TURNKII.

...Messrs. HOWARD, SHARPE ft IEW(S. Fissncs .. ... ... .. Messrs. MeINNKS, HARTLEY ft COUI, SON.

..Messrs. CODLING, SMALLER iv HKWSON. GROCERY .. .. ... uufessm. SMALLER, HKWSON zt I.EIVIS.

...Messzs. HOWARD, CODLING A FISHER. Iiolilso Jt Livs Szocu. .disssvs. HARTLEY, SMALLER Si IIEWSON.

To Tun Mnslnnns, — COMM ITTEE'S REPORT.We beg to submit to you tbe 188th Quarterly Report snd Balance Sheet. The Total Receipts for Goo&is sohl during the Quarter is

K48,758 2S 1d, being an increase of 8280 Is 5id over the corresponding Quarter of last year. Tho not profit on the Quarter's Business is 85,011 7s 10d,

which sum will allow 21,282 1s Sd ss Interest, K8,200 5s Od ss Dividend, being ls 7d per 2 on Members' purchases, and 224 16s Od, bein» Sd prr 8

on purchases of Non-Members; g208 Ss Sd, being 2& per cent. per annum for depreciation on Branch aod Cottage Property; $124 Ss Od, being

10 per cent. depreciation of Fined Stock; 288 5s Od, being 5 per cent, depreciation of bfilling Plant; 25.i Os Sd for Educational Purposes; and

252 Ss Sd to Resezve Fund. 149 persons have joined the Society within the Quarter, 105 persons have withdrawn, and 14 forfeited as per Rule

6, making the present number 8,418, being an increase of 80 over last Quarter.

We have pleasure in stating that the Co-operative Wholesale Society's now Soap Worl-s at Irlam, on the Manchester Ship Canal, are now

open, and as our Society forms part of the Co-operstive Wholesale Society, in which we have E4,065 invested, a sum whish has accumulated mainly

from dividends on our purchases, we particularly desire to increase our soap trade, as well as om general trade with the Society. The soap msuu-

factmed at these new works, which are well equipped with every modern scientiSe snd meebaniesl appliance, is, in our judgment aml according to

analysis and tests, superior in qnality to sny soap made by private makers. Every kind of soap of high quality is manufactured at Irlam, aud the

prices at which the various makes are sold in om stores, sre the same ss those of soap of other makers. We, therefore, ask our membem to give this

article of co-operative manufacture a trial, and we are convinced that if this is done furly snd without bias, they will in future, for its merits as a

cleansing agency alone, use no other, and they will have the satisfaction besides of knowing that they are aiding co-operative production. We wish

also to direct attention to the Cocos, Cocoa Essence, (',hocolste, Marmalade, snd Jam made by the Co-operative Wholesale Society. If these articles

cannot be hail st any of the Stores, we shoukl be ollliged if members fMiling to obtain them for asking, would communicate with us immedbttely.

As set forth in our last zepozt, applications for advances on mortgage weze taken after August, 26th, anil within a fortnight we made

grants amounting roundly to 88,000 on honse properties, which provide thoroughly satisfactory secmity for the capital thus invested.

At the Festival to be held on February 1st, 1S96, we recommend for various reasons that no Tea be pzovided. We cpnddentiy

ask for special edbrts to be put forth by tbe Members to make the Meeting aud Concert thorolighly well attended and sueeessful. For our

Part, we shall do om utmost to make it educative by obtaining the able services as EPeakers, of men long and honourably connected with

~-operation. As we have succeeded in obtahtiug the services of the iVottinghsm Co-operative Prize Choir, the musical part of the programme

will be of the high character which hss enaMed ibe Choir to gain so many prizes at the national competitions held yearly. in August, st the

Crystal Palaoe.

We again urge upon the members the importance of helping to increase our trde, by obtaming new purchasing members, snd by

ezelusive dealing st our stores by egmthtg members. The more trade we doj the better it wiB be for each member anil for the spmety as s

whole. It is not honest to sell gppds without pzegt. What this society aims at snd prsotices is selling goods of genuiue quality st current

Pz'cesi Paymg employees fair wages worst 9 them reasonable hours, aud givmg Pmchasmg members a share pf the profits as dividend at thewages, wor~»

end of each quarter. AR who ~t to be arne that their weekly income is spent at sn estabgshment where every ORort is made to conduct

the bnsiness honestly snd le S ahdy snd ~th fsizness to evezybpdyv should join the society. Ouz large snd increasing trade is a suznpzppf

st88 y s th society has bee a bpo snd bfessmg tp thousands m ttds city sud ts' '

ty.

The High Street Sub (kmtmd Stores shew sn increase m sales of kMI this ifuarter over the cprresponuing quarter of last y m,

Page 14: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

Dr,BECRIPTS. 8 s 6

4, 0'&1

To Casli in I)snl- an&1 Cashieds Handsce ... G,OHH 10 1)

Saic of Good. -Central, GroceryDrapery an&1 bdillinery ... ",137 s 7

Boot snd Shoe ... ... ... 1,877 lf! 2

Butchering ... ... ... 3,9 9 7

Hides, Sl-ins, Fats, d&c. ... 377 II 11

Coals ... ... ... ... ... 818 0 5

Tailoring snd Oatfitting. .. 1,882 lu 4

Pntnishing ... ... ... 1,270 17 4

Mill ... .. .. .. .. 1,779 I 4

B eebrid c, No. I Branch ... ... 1,60&'& 16 7

Burton-zos&1, No. I Branch .. ... 1,50J

ShekespbsreStreet, No. 3 Branch .. 1,2)H I 0

Ripen Street, Po. 4 Branch. ... 1,470, 9

We!bourn, No. 5 Branch ... ... '1,881 10 '!I!

Metheringham, No. 6 Branch . '&.850 IH 7

Ot. Northern-terr. , No. 7 Branch .. 88&J 1*/ 0

Bsxilby. No 8 Brsncli .. .. .. . 1,17!I 16 45

I&sggeholme Boa&1, No. 9 Branch. .. 1,84!i I

Ncv lan&1.st. West, No. 10 Branch 1,285 0 9)

Dsrdney, No. 1!Branch ... ... 1,17S I 3

Iiorncsstle, No. 12 Branch ... . , 1,37S ls !\

Slesford, No. 13 1)ranch ... . '&, 2&9

lligh Stree!„NC. 14 Branch. .. ... J, SVI&

I!larl et Its»&en, No. 15 Br«Deli .. 9.16 1H

Bsssingbsm, No. 1(i Branch . . fi70 15 5).

Reephem, No. 17 Branch ... . Ii!1 I 11&

Sale of Coal«-No. I Branch22 19 0

NO. 2,, .. . ... . . . . .. 68 14 74

NO. O „.... ... ... ... Ni 17 !I

No. 10 „... .. .. ... .. 47 17 S

No. 18 „.. . . . ... .. .. 2!i 16 0

iNo. 14,. .. . . ... .. ... 3& 10 14

No. 16 „ .. ... . . . . ... 1 0 0

No. 17 ,. ... ... . ... . 8 2 G

„Additions! o Share C,.pif, slLoan Capi!sl. .. . . .. 1,1S

„Depomte in Penny Bank, Ceutml ... ... ... 648 17 0

No. I Bmzch .. ... 10 13

No. o Bmnch ... .. '&3 13 8

Nio. 3 Branch ... ... 23 2 11

No. o lhsnch ... .. 7 lfi 3

No„6 Branch ... ... .& 7 9

No. 8 Bzsnch ... ... 3 9 9

No. 11 Bzsnch ... . 9 6 11

No. 12 Bzanch ... .. 16 11 4

Nio. 13 Branch ... ... 6 12 6

No, 16 Branch ... ... 14 G

No. 16 Branch ... ... 19 13 0

„Reps&mentef&emBousepurchsser-blembers'Propertykcconnt

„ In«aran«a Fend., Rents, Ceotrvd

Newport ... ... ... .. ... ... .. ... 6 8 6

Shakespeare Street ... ... ... .. . I 16 0

Ripou Street, ... ... . ... ... ... . . 5 17 0

Gas Street .. ... ... .. ... ... ... 6 15 fi

Sincil Terrace .. ... ... ... ... 20 9 6

Great Northern Terrace ... ... . ... 5 14 0

Fiesteven Street ... ... ... ... . ... 7 4 6

Chelmsfoxd Street, .. ... ... ... . ... 21 . 8

Tanner's Lane snd lItg& Street ... ... . IH 11 4

Soicll Bank ... -. .. ... ... .., ... 81 & I I

Rl&I&vince Pe&is„TxsnsferI'ees.. .Ion&in«)ion Fees

, Saic of ROI«S„C«rd«. an(1C(i,h Books .. I'ranch &Yfsm&gers* Bond A«coun!,

,, Interns& anil Dividend. Bebdcu Bridge Fustian Soei«ty

Dndloy Bucket snd Fender Bocietv ..Air«de!e Co-opciilRYS Wox&'ted Soci«!&' . .Shcpi«l&l Cutlery Society .leicester Co-operatite Hosiery Society

Co.opeiative Rien«paper Sic!styLiuc«ln &2 Liude«y Ba&&kh& Co.,*s Shsxes (Ruierve I us&i)

Co.opemtive W&'holc&e)e Society& ... ., 60 18 9

ACCOUNTCASH

s 69 11$

DISBURSEblENTS. 6 s 4 6 e

BY A5IOCNT PAID I O'E GOODS lo 408 8 08,095 16 21,9GO 8 73,446 16 6

&JVG 0 11821 9 fi

1,280 9 118 354 10 11

770 14 9SV I'I I~ 84,076 0 -I

„Grocery„Drapery snd Millinery

„Boot, and Shoe ...„Butchering. ..„Coals„Tadonng and Outfitting ...

Furnishing., I'lour Mill ...„Carriage of Goods

„Carriage of Coals

WAGES xos PEODOCTIYE LAI&ocs-

„GroceryDiapery Ynd Mdhnery

„Boot sud Shoe ...„ l)utchering ..

Tadonng„I'nrniehing„Millere ...

258 3 11114 15 3IG1 2 I

VV 3 G

219 12 11111 12 11291 5 8—&v)1,283 lo 10

„WsoEs ros Diszxisuzrvx. Lisous-„Grocery., Drapery and Millinery

„Boot and Shoe„Butcheimg

Tailoring snd Outfitting

„PnmiehingCoals

„Office

427 9 9154 10 0

G4 16 0148 8 0

73 lii 074 15 0

119 2161 10 8:121&J S I

CONNISSION 5'.&D WAOES AT THE BEANCEES-

No. I Branch ... 532 14 4 No. 10 Branch . , 230 5

No. 2 Branch ... 41 12 0 No. 11 Branch ... 2G 19 8

No. 3 Branch ... 88 15 0 No. 12Brsnch. „6414 0

No. 4 Binnch ... 86 8 0 No. 18 Bmuch ... 187 13 0

No. 5 Branch ... 117 7 7 NO. 14 Branch .. 114 11 0

No. G Branch .. 112 3 0 No. IGBrsnclr. „6517 8

No. 7 Branch ... 22 lo 0 No. 16 Branch „80 8 0

No. 8 Branch ... 31 15 4 No. IV Bmneh, 25 11 0

No. 9 Branch ... 36 12 6 962 I I„Withdrsv&als from Bhsze Capital ... ... ... ... ... ,.. .../4, 542 7 I

Loan Capital ... ... ... ... ... ... ...Iv 671 13 10

Penny Bank ... ... ... . .. ... „.& 84V 6 11&i

„Add!tions io Fixed, Rolling &2 Live Stock Account .. .. ... V 208 11 8

„Annr Ioas To Bninnmo Accouux-Waterside North ... .„821 0 0

821 0 0

„ Interest on Branch Managers' Bonds ... ... ... ... ... . I& 8 7 6-„Horse Keep .. ... ... ... ... .. .—... ... ... ... 5 152 I» 0

„Non-Members' Dividend on 2664, st Sd in the 2Ad&htions to Members' PmPerty Account .. . , &v 255 14 P

„Educational Grant ... ... ... ... ... ... .. ... ... ... )f «9 10 8

,. penny Bank Treat (Reserve Pand) ... ... ... .. -' ... Iv 45 14 6

„Cost of RePlaeing Plate Glass Windows (Insurance Pbud) ... vv 8 9 2

., Subscription to International Co-op. Congress (Coagress Puml) 5&! o p

IN&mstxmNTE-„Shams in Co-opemtive Wholesale Society ... .., 12 15 Q

Sheffiehl Cutlety B&eiety. .. ... ... ... I 0 0

I incoln snd Lindeey Banking Company

(Resszre Pand) ... ... ... ... .. 762 0 0——.'/775 15 0 YJ

I &I

014 9,9 1&

76S II 3&640,& 5 I

5 0 05

REYYSReephsmiCarket RaeenField

3 1512 IQ7 16

000 $9400

BVQV2«t&5-

820.8 -'. I

11 I

o Gssmxsn Zxxmmxs-„Committee snd Seexetszy's Salary ..„Auditors' Balmy„Stock-taking, Rxiending, Checking, &kc.

„Insurance„Pdntfng, Stationery, snd Adverhsing „,„Postage Stamps and Cheque Books

„Repaits ..„Rates snd Taxes ..„Gss„Delegates' hxpeuses„Tzsvellmg Expenses

Bank Ccmudssion ~Internet)

., Co-opetsRve Union„No.9District Co-op«mtlva Union& Midhinrl Seedou„Fazbot&y Extaueon Allotments f

Yciety...

36 .718 IG26 84182 1023 10

244 10190 1644 9I 11

IJ I9

l&7 9 10"H I 0»0 17 9'50

0 i) &

0 0..1 13 lukI

I u 0'13 0 09&

7 6)1., 8 0)

030(l6 '

'189 ll 0IQ6

V57V 12 4

3 IoI 100 10

„Cash in Bax&k„Cash in Bun!i

~.. V&296 8151 8YGG 10 10 j

STAT" T7KT ~son JI~1& 3rd to October Qnl, 1895Cr

55R I50 G 6$ 654&150 6 Gg, i'&7'.

Page 15: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

Dr. SHARE CAPITAL ACCOUNT.

Ti W(thdrawal. -.. .-- ". ". . .. .. . . ... ... 4,012

Fui fuits m Witlulr&iwsls &le lu&tei! from Fizml Stuck Account, .Forfei!s ou Shares pmvhs- I&10 l)eoosits to Builduig Accouat, at us each

Fines„All,iced 9ir Interest aml Dividend, but not required ..„present Claini of Members

6

0 010 0)6 4

G 817 0

Py &hipi!91 as per bi 1 I' i!ance Sbrci,

„ lnture. t n I:!,&Ii (uuirtcrl)iviilcuil m !:!.Ili Qmu'tor

\ 'oi!tril iiiil»11 '

6 9!I &, i)14 7I I)i&!i 0 0;;7!Ilo 0 0'.i!0 14

2102,225 2 4

Ti) 1Vitlulrs. wsls„Present Clsini

sGil 13 10

18,9G4 i IBy Loans as per last Bslmce Sheet

„ Interest ss per la&t B&ilsiico Sheet

u Contubutions

818,780 u II

LOAN CAPITAL ACCOUNI'.CP.

il

!7587 0 I!l(i4 11 4

I !84 9 I

2!V,V:!G o 11

FIXED, ROLLING, AND LIVE STOCK ACCOUNT.

Previou"Cost.

s dI 1,00'» 2& 0

Additiuns Additions by Society's Totalthis Quarter. oivn lyurkmen. Cost.

s d L s il 6 s d'&03 11 8 42 18 0 11,848 11 8

Depreemtion Agowed by!sstpreviou-ly allowed. Balance Sheer

s d 4 s il

G, i'&4 5 8 121 19

1&&om I'ees, Ac. Saic uf I.ivc aud. 'I'otal Bala&ice

Fisc&1 Stock. 1)epreciation. Numinul Value

d il 5 s 6 8 d

26 4 I 0 O il I!,9 ' 8 I 4!Ii(i 8 4

MILLING PLANT ACCOUNT.

Pl'evluiisCost.

s il

6,57),I I &J

Adihuousdiis Quarter.

s 00 0 0

TotalCast.S. s il

66i8 I 9

Dipreciationp. eviou sly alloiv ed.

s d

1,557 1(i 9

Allowe&1 by lastBalance Sheet.

8 9 ilI!4 I) 0

TotalDeprecicti n

I1.6' I I!! 9

BalanceHomin!Il Va!uu.

6.0,&1 .

" c

Dr.ssssrvs ruse.

Cr.

To Penny Bcai Chililrenl Treat. ..9 Bahuice. .

s d43 14 6

5,780 ll lll

6».774 6 58

By Balance as per last Balance Sheet .. .» 'Forfeits on Shares purehcsel„Alloweil bylmt Bslauce Sheet . ~

„Allowed for Interest and Divklerd, bat uot required. ..„ Interest on Lincoln a&id I'iad cy B&iukio Cols Sh.iree

s5,618 13 1!

0 096 I lil&i! 0lo 8

25,774 il

Dr.MEMBUIRS' PROPERTY ACCOUNT.

517,301 9

By Bepsvments s per Cash Acicuuut ...„Less Interest

Balance owing to the Society

s

To Amount Advanceil on propertv as pcr Inst B:dance Sheet. ... 17,04o 15 7

., A.lvance&1 this Q)carter . , „, „, , , .. .,. .. 255 14 0

Cr.s 8 8 s d

6401&6 !I 0

468 15 11. 16,83 18

217,301 &J i

Dr. LANIf AND BUILDINGS ACCOUNT.

Ad&htsons tinsQsarter.

s dPre&doim Cost.

s d23,12&J u 11

659 I 9961 ll 7698 17 6

1,187 10 101,755 5 91680 I 0

905 5 11819 3 fi

TTG 16 0559 78 11633 0 10

1,240 6 62,840 6 79,945 18 71,889 o 6

593 16 0276 4 11

11,280 14 I1,236 15 9

GG4 13 I1,477 14 9I/42 13 4

338 18 02541 11 1.1

Propert&. .

BGJ 5'&9 8

Cent". al StoresBraeebridge ...NewportShakespeare StreetRipon StreetWelboumbfether!oghamCireat Northern TerraceSaailby ...Bag geholme llosdNeviland Street West .BardneyHorncastleSlesfurdHigh Street ...Bass(ogham ..Free Scbool LaaeGss StreetWaterside North. ..Sincil TerraceKesteven Street, .North Hykeham (Farm)Chelmsford StreetGresham StreetSiaeil Bast

82I 0 0

3831-0 0

Total Cost.Gs d23, !29 5 11

630 1 9961 11 'T

G98 17 G

I,IST 10 101,75u u 91,680 I 0

iJ05 5 11819 3 6TVG 16 0559 13 ll688 0 10

1,240 6 G

c,840 6 7

9,945 18 '7

1,939 5 659S 16 0276 4 Il

I'1,101 14 II:2»6 15 9

GP&4 18147V 14 01,142 15 6

883 13' 0

in jw

Depreciationpreviously allowed.

s d

3,176 18 I14T 18225 Is V

157 5 0J84 o 4

3 62ol 4 6166 7 8158 11 0185 19 6132 4 5124 16 I131 14 0311 18 'l

125 IS 789 I 6

148 5 966 911

881 19 6284 14 568 9 I

136 3 99318 6

0 9154 11 11

i;w

A.llowedlast Quarter.

s 6&ti & 03 I 0412 08 7 9

18 09 !& 38 li u412 94 2414 u" 183 8 9618 6

lu 10 I)'&5 0 0715 621G 3I 6 6

2o 5 0519 0

8 8 06 8 0119 0

!4 17 il

2206 5 0

TotalDepreciation.

s d

150 19 !I'&50 10i!!Ii289 18 4». I 12 '!I

'&i0 " 0!i! 0 5162 13 6189 7 6184 IV !112T 19 10)M!2 6.'!2i 91»1 i"

9(& 18 014il 0 0

GT 16908 4 8h&90 13

66 ll 10'144 11 9100 6 6

'&8 19 9169 8 I'i

27 JT'& 5 6

Pre entN&minsl Value.

s iliu i)eG & '10

48S *' i)TSI 1 0&i 48 489T I'&

I GOS 18 01,409 I!7 0

&34 5 0656 10 0597 8 64'&4 16 0505 I I I

1,101 14 &I

2,!1'» 17 0&J 794 I) (I

),242 7 644'I IG 0208 8

11.195 9 794(i498 I

13e'6" "" 0'1,04» 7 0

309 192&,373 3 f)

361.4(!4 lu

Page 16: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

GENERAL STATEMENT.

To Share Capital„ Ixlsn Capital„Penny Bank Deposits

„ Iieserve Fund„Branch Managers' Bonds. .„Congress I uud

„Insurance Fund„Balance...

... QV.45818,064

!l,4115,730

914flll

5,011

s 017 0

7 I18 6!.11 11—,,',18 I0 0

18 17 10

Bv Stock, Grocery ...Drapery aud Mlflmery

Boot snd ShoeButcheringCoalsTailoring and Outflt tingI"urnishingNo. I BrauchNo. 2No. 3No. 4No. 5No. 6No. 7

'No. 9No. 10No. 11No. 12No. 13No. 14No. 15No. 16No. 1714iB

rl, , 4dpe„Robey A Co,, Ltd. , 4d per ce

„Lincoln and Lindsey Banking Com

Old Shares

„Cash in Bank and Cashier's Hands

8 s 63,118 11 I4,118 8 78,189 7

208 19 0441 6 0

5,316 3 102,273 7 8

281 9 0367 0250 5 6253 16 0

1,029 7 41,027 16 0

219 8 6406 4 0S21 10 3260 15 0438 5 6603 8 8

1,699 4 81,713 3 111,061 11 7

468 8 D

159 7 01,104 IV 0

80,286

„Building and Land Acco t . 61,404

„Members' Property Account ... ... ... ... ... ... ... ... 16BSV

„Fixed Stock Account. . .„.. . „. ... . .. , ... ... 4,976

„blilling Plant Account, .. ... ... . ,. ... .. ,.. 5~051

„Shares in Co-operative Wholesale Society, st 5 per cent. . 4,065

Hebden Bridge Fustian Society, at 5 „... 20

Co-operative Insurance Company, at 6 „... 50

Inicester Co-op. Hosiery Soc., st 6$ „... 250

Co-operative Printing Society, at 74 „.. 25

Paisley Co-op. Manufacturing Soc., at &~ „... 87

Iondon Productive Society . . ... ,.. ... .. ... 10

Thomson 8 Sons' Productive Soc., at 5 per scut. .. 100

Co-operative Newspaper Society, at o „... 10

Dudley Bucket and Tender Soe., at 6 „... 30

Airedale Worsted Society, st 10 „... 20

Midland Tinplste Workers' Society ... ... .. ... 10

Alcester Needle-makers' Society, - at 5 per cent. ... 11

Sheflleld Cutlery Society, at 5,. ... 17

Scotch Tneed Manufactnriag Soc., at 5 „... 0

Brolvnfleld's Guild Putts Society, at 5 „... 50

Ruston, Pmctor A Co., imited, at 7$ „... 300

Reserve 'Fund, Invested.„Lincoln Corporation 3 er cent. Redeemable Stock 2,410 0 0

Rusto PmctorACo. td. rcent. Debentmes 1,336 5 0nt. Debsatmes 700 0 0

pany, Limited,1,274 0 0

5,7207,877

s d

16 418 213 8

3 45 00 00 00 00 00 06 00 00 00 00 00 00 05 70 2

13 0Q 00 0

5 D

12 4

8136,710 18 78136,'l10 18 7

PROFIT AND LOSS ACCOUNT.

To Balance disposable

8 s do,DII l 10

25,011 7 10

s'lol 2267 17270 13394 1458 15

200 10158 7135 5114 1292 14

MS 3284 IS200 881 498 12

151 888 S88 'j

114 V

SSS 10247 IO

84 1988 1298 IS

SSI 8

flt, GroceryDrapery sxul Millinery ...Boot and ShoeBu~Tailoring and OutflttingFmnishiugNo. I BranchNo. 2No. 3No. 4No. 5No. 6No. 7Nu 8No. 9No. 10No. 11No. ISNo. 13No. 14No. 15No. 16No. 17

By Prox

Rents ss per Cash Accormt„Rules snd Cards

Interest &urn Idembms' Pmpcrsy Amormt„Iutexest A Dtridsmk Ca.operntble prudnsgvs Scmvyag

d 8 s d5$

11I

1$11

&

I11$

5

746

8I79

st

4,4ttl S 10...s ISV 9 10

IVS 9 6ey 8 6

5 265 10 19

BS,OII 7 10

Page 17: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

Dr.PROPOSED DISPOSAL O'F PROFIT.

To Intere t on Share Capital. ..

„ Interest on Loan Capital

„ Interest on Penny Bank Deposits

„ Interest on Branch Managers' Bond

s d1,020 0 0

163 '. & 887 411 7 9

sBy Balance disposaldo

3 s el

5,011 7 10

„Divielend on X40,occ, st 11 iu the E

„Nou-Members Dividend on E744, at 8d in the 5

„ t&lpercent. Depreciation oiBranch&Cotea eproperty 203 8 3

'„' 10pez cent. Depreciation of Fixed Stock ... ... ]o4 8 0

„5per cent. Depreciation of Milling Plant ... .,. 63 o 0

„Educational Grant, li per cent. of Net Pmfit

„Reserve Fund

1,282 1 8r3,206 5 0,

24 16 0

3905552

65,0]I

Audited and found correct, October'22nd, 189.&.

GEORGE RICHARDSON,JAMES ORANGE, riud&]c z.

FRED TAYLOR,

35,0]1 7 10

EDU CAT ION AL COMM ITTEE.

hlr. 3V. LOVATT, President

'Mr. G. RICHARDSON, Treasurer

Mr. I. W. TOWLFlt, Seczetary

*blr. C. PICKERING

S i*Mr. GEORGE BACON ... ... ... '

~

'Mrs. M. A. DRING ... ... ... ... 6

I )Mr. C. TREAVETT ... ... ... 3 ' hfr. A. E. SI/ELAND ... ... ... 6

8 ] 'Mr. G. BECK .„„... ... 8~

Mr. E. H. THOIIPSON. .. ... 8

6 ] Mrs. S. J. HODGETT ... ... ... 6

The figures after the names indicate the number of Meetings attended, S having been held.

eRetiring Membezs, each eligible for m-election.

The Candidates uominated ere &—Bacon, George; Bee];, George; Dring, ]fary Anu; Hayes, Benjamin; Moore, John; pickeriny, Cher]ee & pimp, Gw&rge; Richardson,

Geor e; Woodbouee, William. Members u, nst not vote for more than FIVE candidates.

Dr.INC OMBL

To 44narter]y GrantBalance fonverdSuspense Fund forwsrcl

fbuartcz]y Sale of Papers

„Cards, Catalogues, aml Fines

EDIIOATIONAL DEPARTMENT.

8 e d59 1022 2 ]l]8 0 01 ]0 110 17

6102 0 9

EXPENDITI&RE

By New BooksNewspaper-, blagaxines, fxr.

Painting, Decorating, ]kr. E.D.Librarian's SalaryCleaningPrinting AccouutLibrmy Lending Cards

„Bound Vol. Co-operative News

StocktakingBookbinding

„Robber Stamp ..Small Accounts

., Balance h'ozwszel

5 s d'&8 8 10

4 810 '& 0710 03 ] 8

60 0

0]n 20 6 60 2 60250 I 4

26 5 6

fi]02 0

Librarian&8 Eteport

Number of Works in the Library at b.nasal Stock-taking, 1894 ..

Added dmiug the year& —Replncements ... ... ... , .. 8

Additional Works ... .. . 238

Worn out

Prevent number

&Vcl iscreo.ec for zhc yenr, 199 B'orhx.

for the3970

241

4211

4169

Jfear ended Jnlb&. I895.7'hc ixxum for the year sre ss fofiows &—

hfondsy EvenmgsTaesdayWednesday „Fridsy, xVoesx (foz Country members only)

EveningsSstardsy

59114886364819746841

1070S

Tozn] &svu 'e ... ... 83968

afa iscrraxr cf 2377 oxcr ihc previoue yrnr.

The Count&vy hfcmberx zhx&c ns xmrcnxc of 184 cvn premcux year.

F&. J. WHXTEIOUGH, L]1&rnri»u.

The QUABTEBLT ]]fEETIEfd will bo held in the BOABD SCHOOL BOOK, CAETHOBPE, on SATURDAY, PIOV. 2nd, st 7 p.m.

Representative from G'enezsl Counnittee, Mr. HOWARD.

Wu nouns Bnxaca Ccaxrzzzau. —Mr. W. Hotchin, Leadenham, Chairman] Mz. J. Gvray, Lsadenbam, Secretary; Ifr. J, Wright, Mr J

of We]bourn z Mr, T. Codd, Caythorpe &Mr. Hy. Codd, Wellmgore; hfr. B. Gadd, bfr. J.W. Holmes, of Nsvenby; Mr. J. Flutte&v, Boothby x Mr„D. P. Ab]e&shim,

of Coleby x Mr. J.Smith, Hannston x and Mr, T, Sco]fins, Nonnsnton.

Mnvaanzaoa&xa B]LLvca Ccxn&zzrzna. —Mr. John Spencer, Dunston, Chairman; Mr. Elijah Reynolds, ldetbcringhsm, Secretary; bfr. William Msthers, Mezheringhsmr

Mr. Arthur Lairs Metheringhamx bfr George Ax]cock Digbyx Mn WilliamBsldock Metheringbamx Mz&Arthur Wilson, Danston; Mr. Charles Bailey, Scopwiek; Mr.

John bfarsh, bfetheringbam; Mr. George Fines, Nocton; snd bir. I,'buries Baumbm; Seopw]ck.

Bxnnnnz Baxnca Ccxoxzzzaa, —Mz G MD]s Bazduey, ~;Mr, R. Gibbons, Bsxdney, Semetazy; Mz. IL Parkes, Mr. G. hfsddison, Bsrdney; Mx. T. Simpsorx

Soutl ey; Mr. T. Wat o~ B~ey; snd Mr. W. Col]on. Bmd ey.

Sna&xzouu Baeaca Ccaarzzua. —Mr. F. Beet S]safer&L Chairman x Mz. J. Budkin, Slesfunl, Sem tmy t ifr. J. Clayton, Willoughby x Mr. S.Staples, Ruskinriun x

bfz. T, 'Newton, Swarby x Mz D Grimadei] S]esfmd 1 snd Mn W. Allan Slnatonl; Mr. E. Dickmeoxb Mr. %& Mottmm, and Mr. L. W'siuer, of S]caford.

M&xnaaz Rhnaa Bnaaca Con azzznu. —Mr. J.W. Rushby, Market Easen& C]udnnsn x bfr. W. Wh&~ S ts*y; r. W. Canen Mr. B.F]md&sm, Mr. Jos. penney,

M .C.S~ hf F D ~ ]th I ] T D ~ of Market Bassa] Mr, Geo. Wstlnuson, Mz. J'ss. Cooke, of Bus]]ngthorPe; and Mr S ~,~g WMcsb*

The QUABTEBLT KEETIES~ be h@d in the WAREHOUSE, "COOPERATIVE STOBES,» on SATURDAY EfOV E d st 7 p

.R ~tfrs from General Committee, Mr. HSWSON.

; ffr: J. Taylor, B~Secretary x Mr. J. Brown, Mr. T„Hmbnu M

Bans&aoaaa Baauca Co]u~—Mz. W- Wbodhea&L Bassmg, .„' .Ho~ «I Cmft&m-lc Moorland 1 bfz. J- Reyno]ds, Auboarn; sad Mz. R P acork. Norton,

of Bsssingham x Mr. W. App]ewhite, Mr. F. Tay]or& Mu J--~

Page 18: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

VERY one who desires the progress of his fellows must be pleased

p at the silent revolution whish is taking place amongst us. Those

from our ranks who have been chosen for loaders and counsellors are

yearly being selected for greater aud mors onerous positions, such as

it would have bean impossible for them to have filled not many years

ago. It is good for us to have such meu to ivhom we ean look and on

whom we can rely for counsel snd guidance in times of dilficalty, snd it

is good also, anil even of greater benefit, to our leaders. As they give

all they have to give —their leisure sud ability —they become moro useful

men, becaase their abilities become more valuable the more they are

exercised. While it is gretifyiug to notice the rapidity with which

power snd influence are being placed in the hands of the workers'

representatives, it is advisable not to lose sight of the fact, that there are

some elements of ilsnger arising out of these new conditions. One is,

that those who become leaders msy seek that position rather from a

desire to serve their own ambitious purposes, than oui, of regard for the

welfare and advancement of their comrades or their class, snd another

danger is, that the rank, and file msy be disposed to rest content anil

leave sll matters r qniring thought and discrimination entirely to their

leaders instead of pursuing the wiser way of gaining the knowledge

necessary to enable them to think for themselves. Another clement of

danger which arises out of neglecting to gain I uowleilge, and thereby to

reason soundly, is, that boilies of men often do not follow the good advice

of their leaders, given ont of fulness of knowledge anil ripeness of

judgment and of exp. rionce. Too often, when such advice is sonnd but

nnpslatable, they will rejoct it and attempt to force their leaders to ilo

their bidding. However able and self-saczi6cing s leader may be, unless

be can inspire his followers with some of his spirit, very little progress eau

be made. Working on a purely democratic basis, our Society, and sll

similarly constitnted organizations, csu only take aelion according to the

amount of intelligence and grasp of sny subject that the great body

cf the members possess. We depend for our successful ilevelopmeat, not

on the faith of tbe few or the intelligence of the few, but on tbe faith snd

intelligence of the many. As years pass and our forward course remains

unimyeded, we shall realize mors fully the necessity of this, because

our interests will be more mauifold snd. widespread. In our last issue

we stateil that advances on mortgage to members to enable them to

purchase houses would again be granteil, owing to capital aeeumulating.

"This was began at the late advertised, and within a fortnight $8,000

had been advanced. All of this hss not yet been taken up, but' oar

capital is steadily increasing nevertheless, as will be seen by the amount

of cash in bank and in hand at the end of the quarter, as shown in the

balance sheet. As the bulk of our extensions anil new buildings which

have recently made heavy demarids on capital acconnt will soon bc

finished and paid for, it becomes our solemn duty as directors snd

members unitedly, boldly, snd confidentl, to confront the new eonditdons

under which we shall shortly be placed. With capital accumulating ai the

rate it has done during the last ten years, we ought now to seek or to create

some other useful avenue for its investment. H workers are tobe considered

worthy of receiving wages according to the msrliet or trade union rate,

aml ao more thiaa that, then we must leave our money gained by co-opera-

tion in the bank to be borrowed by capitalists, speculators, or probably

even by sweaters to perpetuate a system of competition' in vihieh we as

co-operators profesk not to. believe. But, if vie believe, as we are bonnd

to do ifwe can use oar reasoning powers rightly, that the wage earner daring

much of the time he is employed. is producing wealth for soniebody

somewhere who does not work at all either with hands or brains, and

that the workers' labour is only used or wanted so long ss s profit can

be made out of it, then we shall tzy most strenuously to harmonize the

interests of capital, production, and consumytion. This can be done only

by such an organisation as our society; it is impossible of realization

in sny other, snd even with us it is an ideal that cannot be reached

without struggling and difitculty. It is, however, encoura~ug to nots

that se fsr as we have gone into production hitherto we have succeeded

WelL If, therefore, all our capital as it accumulates is used mare and

more direetlv by the society itself, ta set in motion the labour of more

snd more of its members to mcrease production for the benefit of the

whole boily, wa shall achieve the true purpose for which co-operation

was designed. This ideal stage of an association of labour intelligence

aud capital is as worthy of being strfveu fer by us, as were the firsi

objects aimed st by tbc foandem of the society. Our society's first.

struggles were for aet'ual existence as a coryorate body, and the throes

lasted for years „- ouz next struggle visa to genenste aud promote confidence

iu aud amoag ourselves, so that dividends made by tradiag should not be

dravm uut of the society' and frittered sway, bat Iaft to become

eapitaL Ouz task', now that we have amyle cayitsI, is te «se all of it

continuously to prouiote production foz the benefit of everybody who is

mindeil to become an equitable participator anil co-operator. Our doors

stand open to all who wish to psy their wsy snd be honest, but we have

enemies, ardent; and irreconcilable, who would bsr our progress, and to

them all means are eonsiilered fair, every ruse is allowable. But of what

avail? They can only reilace us to impotence if we are disunited. The

worliers are the pivot of the world, snd everywheze they sre organizing

themselves for peace and harmony, so that they msy divide fairly with

each other the wealth produced in common, snd thereby enjoy the rest

snd leisure and recreation that are more the right of the millions of

honest workers, than of the thousands "who toil not, neither do they spin."

This year a public tes, and meeting were held for the 6rst time

in connoction with our olilest established branch at Braeebridge, on

Septomber 88th. For various reasons the attendance was not large.

The exceptioually hot weather in September told against indoor meetings,

and the date on whish this was held, s,s well as being one ol' the hottest

days in the montlb was one also on which there wa's a large number of hslf-

day trips from the ilistrict, Although these, anil other ceases, dimiuished

the attendance to less than a hunilred, the attention and interest evinced

by those present will, it is hoped, be beneficial to the Society. If these

meetings neconie annual, they will doubtless be as popular, in time, as

those are of a similar character, held at the other branches outside of the city.v 4

At Saxilby I'estival, on October 9th, the services 'of a policeman, who

was ststionerl at the door of the Club Room of the Suu Iun, w!iere the

meeting was held, kept in order the noisy element which has disturbed

these meetings in previous years. The efforts of Messrs. Dawson and

Barber, eccentric vocal comedians, exactly hit the taste of the majority

of the audience. It was rather diseoneerfing for the Chairman aml

speakers to be interrupteil by one of the audience with denunciations

of the Society anil complaints about high prices of gooils. The bulk of

the members present, however, seemed to appraise tbe interruptions at

their proper value; as to whether or by whom they were inspired

"deponent sayeth not. ' Meanwhile the Committee have the matters

compla, ised about under investigation.

The Lineoihu Branch of the Women's Co-operative Gufid opened. their

Winter Session with a Tea aud Business Meeting on October 4th. Mrs.

Hodgett was re-elected President for the ensuing twelve months.

The meetings during the past six months have bees held weekly even

in the hottest weather, and although the attendance hss not been large

the evenings have been interesting snd profitable.

The Gymnasium Class for dsnghters of Gaild Members wss re-opened

on October 11th, Mrs. Hodgett agsia undertaking to conduct. The fee

is very trifiing; all particulars may be obtaineil from the Secretary, Mrs.

M. A, Dzing. The Class is held on Friday evenings, from 8 to 7. o'clock,

except on the last Friday in each month. The Committe earnestly ssk

the Members of the Society living in Lincoln, to give the Guild an

opportunity of proving its usefizlness to them. The Concerts once amonth sre free both to meu and women, but as these sze so ial tiese sze socia meetings

only, they mve no real insight into the working of the Guild. If Members'

w'ives and daughters would come up to the Co-operative Hall, Sfiver

Street, to an ordinary Gaild Meeting, on any Friday night st 7.80, they

would be able to judge of the advantages tobe derived fro'

thGuilil. A varied pzogramme hss been arranged and. printed for the nextsix months, and a copy of it nniy be seen in the vmious departments and

at the city bzanches of the Society. During the ses'

mg e sessmu several speeml lec-tures will be given, snd these are oyea to auyone t f fid, bs

e on yaymen o d, but,

itss he yearly subscription, entitlnig a zaember to all be fit, nlne s, is only 1s,i ishoped, there wifi be alargaiuszesseiathams bershi . If G

'

ember would. Introduce one more tfie Comnuttee uld be tille msm

' 'p. If each Guildwo

'

gzatified.

!

TRANSCRIPT OF PROGRAMME.Oct. 11th, at'f.80—Delegates' RePorl of Gzanthsm C nf

'o crease, Address,

!

II

Reading and Sings by Members ot Committee.Popubu Paper atid Discuss~

88th „Social Evamug. Dislotkuez' .

Report. by Mrs. Hudgatb'cffiez msR tath

!

e Conferenceo e; '. C. T-.' A.

tfnestion Box.'

Address by Xr; Commfiloz Tamer.

Singing aud Reoitjng Crunyshitdttn azzanwefi b theEducational Coznuuttse-.

'

Zztifttesi J. G; Wztxtsxts; Esil;.,' Xr. Ci W. Psztu

Page 19: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

LINCOLN CO-OPKRATIVI&' QUARTERLY RL&'CORD.

C stii. sl on October 12th, was favomed for once with

oxreptionc, yt onclly fine u cother. ..nd tliero wus the usual f~atteu& ance ivhich ci»rscte»ve th se I estivsls &vhatever the state of ihe

iveathez may bc. The local committee mustered in good force, sad, aided

I utde&, Welho nitn B&anni& kfsnsger, and s nun&bm of the Caythoz

lady members, cst&'ied the tcs arrangements through to the complete

sst&sf&clio« oi' thc nu'mci'ons comp'&ny who assembled at two sittings.

bfr Cammaek (Central Confectionery Department) snd Mr. Gilbert did

thc purveying. Addresses by RIessrs. Codling (Chairuisn), MeInnes

(Secretary), Hotehin (Chairman of Local Com&nittee). Running,

Codd, together ivith s, varied mus!cal programme, oeeupied two hours and

6 qiisrter, and thc meeting was closed at 6.4o p,m.

Thc co-opcrstivo creameries iu Ireland have solved the problem of

makmg exreilent bniter economically. Last year's reportshows that the

1'armers have obtninod 30s per cow more than when they made butter at

home, snd tl.e quality of the produce is superior. Urider the old system

three gallons of &nilk yielded onc pound of butter, at the creamer es two

sml a half g;iilons produce u, pound; while the farmers receive 60 per

cent. oi' the separated n&ilk free.

Some time sgo u r, endeavoured to expose the fallacies of the "Bond"

Tea System, and the incrednlity of the people who were gulled by its

specious baits. Since then s, number of tbe perpetrators of those

slmmeless frauds have been convicted under the Lotteries Act and

heavily fiued, the result being the collapse of the precions bubble.

Though this form of gsmbliug has been suppressed, we still have thc

"present giving' tcs shop&a Apparently, this form of deception avoids

the nieshes of the law. Tho windows sre pscl-ed with gaudy articles of

crockery, glass, tin ware, drupery. Ac. , and all to be given away with so

nmny penn&le of tea.

Are the people ivbo potronise these "present giviug" tea shops really

so foolish as to believe the proprietors are so kind as to sell a pound of

tes for 2s, and give ?1&em n l&resent, which apparently hss cost him almost

as mush as the sum he receives for the tea. We muy depend on this

being like the "Bond" tea—a complete selL There csn be no doubt

the customer pays enough to recoup the dealer for his tes, his presents

and expenses —and leave a fair margin over for his own profit.

It is this little "over' that u Co-opezative Society zetuzns to the

pnrchasing member as ilitideml, and this dividend no working man csn

afiord to lose in order to support a deceptive, even if techniesfiy honest,

system of trade.

WHAT THE EARLY CO-OPERATORS DID.

They stuel together, They worked hszd. They tried experiments. They burnt

their fingers. They tried one soothe&&s tempers, sud found ont theiz own. They

felt their way until they got to tbe Httte committee-zoom. They leatnt to keep

acre&mts. Thev spent their spare time in propagating theu principles, or nudging

about for o«ters, or extzscting morse!s of honey in ths form of s little capital from

some initiated and enlisted bee, They knew every angle and gradation of the cold

shonlder, every cadence of the contemptuous lau h, every line of the anbelieving

grin, but tke&yyfcdrEed oii. They were sleepless in their watohfulness snd alert in

applying their hard-earned knowledge, snd ikey stuck fog&ther. They did mneh of

the offlce, warehouse, and other wozk for love. They went on stes&UIJ, cmefuHy

dustriously, until the bees had effectually fouml theit wsy to the honey.

t&ot afl smooth sailin m11 it be even yet. And much care will be needed to temper

comage. The spirit of brotherhood underlies it EH, snd that msy come less r~yaud be less Pme ivhen success, ~ not adverrity, b~g ment gether. One tl ng

poxtance, snd that is the iaoral of this brief story —MEE unsz nmu

r&mnsEL&ms

STORE MAXIMS

A Pmgressive store is a matching army of zeformers.

Instruct your members m their gains, or they may inst«&ct you ui I&ni

&I large handful of divi. to new memhe&w may be sn a«aful of losses to old ou«

One good reserve fund is woxth twenty large diridends.

An even divi. in a atom is as good baHsst m a ship.

Lessen your debts, or they will lessen yom payments.

Co-operation is the hazbour of the three P's; pmsperity Proflt an

District ozgsnisstions for workmen are ss useful ss tnfegmph ~« fez mxm

Teach thy neighboms the wsy to the stores, that they ~y keep I vm from

their doors.Give thy bzains work and ihy tongue rest rather than break the m«

brothezho«Ps chariot.A riesu shop and smooth tongue win civility snd silvex fmm caste&uezs-

If thou love the store aud thy neighbour, many one to tbe other.

T&ain yonz children to be their own employezs xathez shan to sw«t snd m

rags for unmoral ava«ce that counts lus gohI m bags.

IImvetsat Coepetative bmthorhood would pmve the universatextinc4nm o. Em

tates.

KLFP HIM OI&P

"What noise ls that&" said s ju&lge, distur'o 4 in hearing a case. "It's a mau,

my lord, "wasthe ans&rm of the doorl-eeper. " IVhst does he want?" "He wants

to come iu, my lord. " "Well, keep him out. "You, yomself, have been in an omnibus when a slont passen er has presented

himself to the conductor and petitioned for a place. Yon are aU snoigly seated;

ivhy should yon be dirtmbedr "The seats sro full; keep him out. " Bnt tho

intrudet is iu; he presses fonvard to the inosr corner, perhaps treading on some

testy ol&l gentleman's toes Hoiv ycu hate the neiv comer anni yoa g t fairly

"shook doivn" and settled again iuto your place&.

The door opens again —another pasii ager. "Iieep liim ouh' cry tl&e company,

and, straugc to scy, the loudest of &lie aliclc lct is the very passen er who last

came in. He iu his turu becomes conservative after bavin' fairly gct s good

place inside.It is the carne RU through life. I"or insny, &«any year there was a constant

kuock&ng, from time to ti&ns, st the &loot of &he British C&ns&itut&on. 'Whsys

that uoise?" ssk tho men in power. "Its a lot of ivorkmg men, my lords and

gentlemen. " "What do tbev ivan "' -They i&nut to c me in. " ' IVefl, Resp

them out." "We have, myloras, aslong aswe rsn, 6 i& tliey say they will come iu.""Keep them out, " is the cry of &lac les, rnul professions "Iteep them oui, " ciy

the barristers, ivhcn the at&urus?s claiiu tc plead ui ce«ain ecnri .."Keep them out, ' ivas &!ie cry of physicians aud surgeons, and apothecaries of

aU rank-, when u, wss proposed, as ui Am«icc„&o throiv open the profession to

the female sex.And you will flnd the same cry among the workiug class of every grade ivl&cn

men sre applicants for "leave to toil. ' 'Fash in his turn is found ready to combine

with somebody else io "keep out' EU intruders on their special preserves. Monopoly

is ths mls among us ivheuever. w can find au opportunity of establishing it.

In the circles of Fashion the sa&ue rry is fre&&uen&. A nrw msn appear m

Society. "Who is he?" "Only a rsi&red wealthy tradesmen " "Keep buu out."

Every class has it owu staudard, Thc money classes have theirs; &be trudesmen

have theirs; and the aristocracy liave theirs. Thus it extends from the highest to

the verge of the lowest in the laud.'Ihere is one rpot where it i not heard, or but seldom —at the doors of a Co-

opmative Committee-room. IVhen the corn&uercials pzesent them elves, repre-

senting every variety ol private interest of the capitalist class, if the cry washeard,

"Keep him oui, ," it would be hetter fcz the "Wholesale' cnd the productive

societies who represent tl&e interests of the masses against the interests of tbe clat«s.

Rut how dU?erent& how great the ohsnge from this ahuost uuivcrsal cry, wheu

we recognise the grand principle of Co-operation. Bring them in, bring EU in, sU

who desire to raise themselves; bring them in. "Keep them in, " is out cry, for

by our nnmbers we gain st«ng&li an&1 powei; nnd l&y our unity we consolidate our

position. "Keep them in, " their mierest i ours. "Ifeep theru in," audie& each

man find his own in aU men"- good, and all mcn live in noble brotherhood, snd

thus, nnd thus only, shall we rssli. e the hopes snd aspirations of the good men iu

aU ages, the real benefactors of mankind.

CO-OPERATIVE PIIO(*'BESS.

There hss been no movement of thi- nineteenth century so remarkable, or that

hss overcome so many diiflculties and been so gzand s success, ss thc associated

effort of workiug men to improve their material and social condition. The grand

aim of Co-operation has been to raise the great mass of the people and to obtain

for lsbouz its fair abate of the wealth it produces. It conld not get &hat because

it possessal no capital, and the fluestion arose —How was that capital tobe obtained l&

It was s grand step toivards the easy attainment of the necessary cap tel when the

noble Pioneexs of Roch&lsle shook o&f the petty shopkeepezs sud divided among t

themselves the proflts made on theit purchases for the uurpos of misin * associated

capital. Just uote thesteady growth of the Co-opezative ides, ss shown bythe

sales in each of the following yeats: —In 1868 they were a little over flx million

pounds; in 1S78, over 16&& miflions; in 1888, 29 millions: snd in IS 95, 501& millions;

snd daring those 81 years there was a ptoflt made of over 67 millions, snd to.day

there is invested in the various distributive Societies s shaze and loan cspi&sl of

eonsidexably over 184 miIfloas. Thns the indnslzial classes have proved that they

csn save ty zf&rad&ay ia combination. Even superlicial ob ervers must have seen

that many parties step in between the producers of the necessaries of lUe and the

consumers of them, and each one takes bis pay in one form or another ss he passes

the commodities forward, and thos adds considezably to the price hat not to the

value of the stticle ere it zeaches the hand- of the consumer. How grand hss

been the progress of distributive Co-openition; but how mush grander the step

when the Societies started the "Wholesale, " which is a Society of Societies, and

another step nearer bringing the producer and consumer together, thus saving

much of the cost of so many intermediaries, and if the Societiss ivete as true to

the "Wholesale" as they expect their ihdividnal &flembers to be to them ws should

lang ago have shaken off that legion of intermediate traders who have no sympathy

with the movement beyond what they can get oui, of it.

'The origin of the "Whole sle" wss as hmnble as that of the retail Sccfetics,

and dsriug the whole period of its existence it. has hsd s career of uninterrupts&1

pmsperity. It msy have varied in the rate of its progress, but it hss always been

rgoing i causa u.When the "Wholesale" began business it could not command s capital of

g1,000, eoHeeted fram retail Stores throughout the country; in 1874 it was

6196&000; jn 1884. it was over $700,000; and in 1894it wos over lk miHionsi

whfls at the Present time its share snd loan capital stands st R1,6o8,H7, and the

nst Pmflt it has inade riince it began is Z1,569,857, and if we look at its stability-

st the solid foundation on whish it rests —it is safe and secure, for its land,

b&didtngs, flxtmes, and ships have been depzecisted to the extent of E489,456,

whfle B has a xaserve snd insurance fand amounting to R814,764. These fasts am

eloquent, coanncing, Powerful, snd irresistible, Proving the value of Coepexation

over every ether ystem ss s means of elevating the masses of the people. AB

Co.ops«tom may well be Proud of the position of the "Wholesale" as seen in

the slight sketch given above. Its gmwth has been gradual bnt sure. It seem- to

i ', .:gs4hez stmngth with its years, and it stands tc-day m a better position than st sny

~reriemperiod of its history, and its futme wiB be fust what the Societiea maire il,.

i Therefoxe, L&'. as nH be up and dohiu.With a heart fot any fare. .

Stfli achieving, sxfH pursuing,

aud, in the words of the motto cf the "Whol«aha"Learn to labour sud tc wait.

Page 20: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

10 LINCOLN CO-OPERATIVE QUARTERLY RECORD.

PETERBOROUGH. —Seventy-thinl

Quarter ended July 2nd, 189o.s d

Sales .. ... .. ... 22,70&J 12 0)Share Capital ... ... 33,758J 11 0

Reserve Fund ... . 1,756& 0 Gl

Dividend ... ... ... 0 2 4

Assets ... ... ... .. 39,674 13 11

During the Qnarter 392 persons

joined the Society, snd 22i withdrew

from it, leaving the present number of

members 4,058. The Society hse now

st«ted to psy dividend on purchases

of sll articles sold, and to give half-

penny checks. The total purchases

from Co-operative sources during the

Qusrter reached EV,SGV. At tbe last

General hfeeting s resolution wss

passed by the Members to iuvito the

nest Congress in the hlidlsn&l Section

to Peterborough. Thc cash in bank

and iu hand at end of the Quarter

amounted to 24,9&JI.

SCUN'IHORPE. —Eighty-fifth

Quarter ended September 3rd, 1895.e 6

Sales ... ... ... ... 8,!!50 IV 3

Share Capital ... ... 5,711 11 IReserve I und ... ... Fdh& 6 4

Dividond ... , .. .. 0 2

ll,seats ... ... ... ... 6,697 14 "1The Sales shaw sn increase over tbo

corresponding Quarter of last yenr, of

$270. Neiv Sale Rooms for Boots,

Shoes, snd Furnitnm sre being pro-

vided. Tbe blembers have incrensed

their holding of Slisze Capital by

6164, which the Committee note with

pleasure. The Cosh in hand and Bank

st thc end of the Qusrter amounted

to 21,156.

GRANTHAM. —Eighty-ninth

Quarter ended July 2nd, 180KE s 6

Sales ... ... ... ... G,170 o 9jShare Capital . . . . Ishl45 18 !)

Beecrve Fund ... .. 27o o 8

Diridend .. ... ... 0 2 0

Assets ... ... ... .. 14,424 10 0!The Committee rcport that the

Society was never in a healthier condi-

tibn xbsn st the present time; capital

is aecumnlating and demands sn

opening being eoaght for useful invest-

ment of it. The Cash m bank and in

hand st end of Quartcr smonuted to

El&'71K Thehfembership has decreased

by 2, being now 1,264. The output

of bread fmm tbe bakerie exceeds

that of the corresponding Quarte of

last year by I,582 fom pound loaves.

GAINSBOSOUGH. —Ninety-hhtzd

Quarter ended September 3rd, 1695.s d

Sales ... ... ... ...11,452 14 GA

Slnuu Capital .. ... 19,692 18Beserve Fund ... ... 488 19Dividend ... ... ... 0 2 0Asseta .. ., ... .,22,423 7 91

The Society'e pnmhasas from Co-

operative somces dmiug the Quarter

amountedto 84,695. TheEducstionslCommitteo snd Women's Guild have

tel&en an active part in educating the

members up to demanding art!des of

co-operative msnwfactme. Toohviata

the necessity of semling out boots and

shoes on appmval, a fiitting-on mom

for ladies has been added to the Shee

Department, snd a Watch-repairing

and Jewallery Department, in ehaxga

of a competent practical man fmm

Coventry, is to be opened. Imuzau&m

of houses and farrritum against fize isundertaken by tha Society. The Sales

shaw an increase of 2607 over those

of bbe cozmspunding Quarte of last

year & 42 new memb«abaca joined the

Society, 11 have sritbdmwn& and

haa been stznck aff, leaving the pimwnt

at 1,958.

BOS'ION.—Sixtieth Qaarter endedJuly 4th, 1895.

s &

Sales ... ... .. ... 4,970 I IShare Capital ... ... 6,805 !h 4

Reserve Fund ... . . 123 0 0Dividend ... ... ... 0 I 10Assets ... , „. , 7,724 5 I

Giving to the fsvomsble results of

the Quart«'s trading, the Committee

charged an item of $20, lor repairs,

to Distributive Expenses Account, in-

stead of to Repairs snd Alterations

Account. A sum of t&J51, unused

capital, stoml to the Society's Credit stBank, snd in hand st end of Quarter,

gf&00 of the sum being st Deposit

h.ccount. The steady progress of this

Society is very gratifying to all those

who bnve carefullj watched its early

struggles, and who are con versan! with

the !»story of Co-operative trading in

Boston previous to this Society being

established.

H ACKT HORN. —Nineteen! hHalf-year onde&l, luna 26th, 1895.

s 6Sales ... ... .. ... 493 0 0

Share Capital ... ... 894 19 0Scservc Puml ... ... 80 0 0

Divalend 1 9Assets ... ... ... .. 47!i 18 11

The Committee state that although

the amount of the sales ivhen shown

in cash appears lo&ver in cones&!uence

of reiluced prices, tbe pro!it is up to

thc usual proportion; they hope to

raise ths Reserve Pand to S100 by tlie

eud of 1895. Should they succeed, thc

Hackthorn Society v&ill have a larger.

Reserve Pand in proportion to itsshares, than sny Society in this

part of England. At the end of the

half-year the cash in bank snd in hand

amounted to B11210s Iiid.

SPALDING. —Sixteenth Quartersailed Jane 27th, 1895.

s d

Sales ... ... ... ... 436 3 11Share Capital . . .. 435 4Reserve Fund ... ... 11 0 0

Dividend ... .. ... 0 I 8

Assets ... ... ... ... 497 15 IThis Society is making steady

progress. The large extensions of busi-

ness pxemiees sre now finished.

Penny Bank is shortly to be commenc-

ed. Thc Reserve Pund is, being

j gradually increased. At the end of

the Qanrter, cash in bank and in hand

amounted to X30 Vs Od. The total

nett pxofit made by the Society since

its estabBshment four yeaxs sgo

amounts to f528.

KIN6'S LYNN.—Twenty-seventh

Qaarter ended August 28th, 189Kg s 6

Sales .. .. .. ... 2,501 17 10

Share Capital ... ... 1,140 15 0Reserve Fund . . ... 272 19 7

Dividend ... ... . , 0 2 0

Assets ... ... ... ... 3,189 4 2$

The increase of tzale over the cones-

ponding Quarter of last year is 2466!the branch is nmoved to 91 Norfolk

St» and shews increased receipts;

stocks of boots, shoes, snd hosiery

are to be kept st it, when greater

trade may be expecteil. Social even.

ings for members arc s feature in this

Society! tbe next mr»hing of this Irind

is on November 7th. The tends fox

"Mntmsl Aid" am i»eras&dug.

! ST;I!JES.—Twenty-fourth Quartez

end«1 July 4th, 1895.s 6

Sah&s ... ... „. .. 950 11 2

Share Capital ... ... 968 Ij Resene lfnnd, .. ., IIV 0 8

Iyivf&hmd .. .. ... 0 I 10Amefa ... .. ... ... 1,916 13 8

Gl&EANINGS FROM BALANCE SHEETS OF

NEIGHBOURING SOCIETIES.

LOUTH. —Thirty-fourth Quariar

ended Septeruber 26th, 139KE s

Snlee ... ... ... ... 4,249 4 10

Share Capital ... , , 1,608 9

Reserve Fund ... ... V2 0 0Dividend ... .„,, 0 I 6

Assets „„2,322 7 81

The Sales shew sn mcrease of 8100over the preceding Quarter. Since

enterin the new premises, the Boot

and Shoe Department Sales zecord smarked increase f400 wss borrowed

from the Co-opera!ive Wholesale

Society s year ago, and is being paid

off before the payments fall due

Sixty nmth Qu«t«

ended June 17th, 189o

s 4

1,710 5

Share Capital

Rezenepund89 0 0

Ihvidend0 I 1

789 8 7

The trade receip! s sre &»creasing m

amount, ss also is the output of bread

from the bakery; the membership

stands st 675, and theze sre 162

depomtozs m the Society's Penny Bank.

To ieri&re i»ic&vioii, letters &ho»hi be he&i&res oa one side of &lie paper o»hy, i& o

legit!e ho»d, e»d a»&he»&ice&ed bg the name e»d a&kfrezi of &hv writer, »o& for pabf&ra.

&io»»a!eei ezprciilg !»&c&»!ed io, All &or&expo»dc»ce zhoafd be eddrerzed fo Ihe

Editor, Li»cob& Co-ope&'o!i&ce Record, SS I'or&load 8&reer, Li&a'ohi.

Le&&era ore iav !&ed oa Co ope&o&izc topics csd mi the &zorhf»g of &hz S&x ie!Ifi o&a

eag of the Members. The&i co!am»z are open &o all, b»& the Edizor does»ot hohi

hieizeif reepo»rible for &hc opia!»»i of co&vcipo»dear&.

REF'RZSPgl9XEPIT' BARsNEW BUILDINGS, PSEE SCIIOOL LANE.

TA RIFF.Cup of Tea - - 1 Bread Ik Batter - 2 Pork Pie

Pot of Tcs - - I && Roll 8 Butter - 2

3 Buu 8 Butter I1 Plan Tes 4

Cup or Coffee - 1 Scones - - Ij

Tes with Pastry - 6

Cup of Cocoa - I Scone 8& Butter - It Lemonade

Hsm Sandwich - 2, Pastry - - - 1 Giuger Beer - - 11

Plate of Hsm - 8 Sausage Roll - I Potted bfeat - - lb

6 Plain Breed k Butter 3 Cigars

I!Jews Room; Library; Refreshment Room.

I'HE NE Jpg BOOM is open on Mondays, Tuesdays, a«i Thumdays st 8 o'clock

p.m. ; on Wedaesdays at 6.30 p.m. ; on Friday at 11 s.m. ; snd on Saturdays

st o p.m. It is closed every Evening at 9.80.

THE LIBEJEF is open for changing books: Monday, Tucs&ksy, Wednesday,

Friday, 7 to 9 p.m. ; Friday, 1.30 to 2.30 p.m» f«Country Members only;

Saturday, 6 to 9 p.m.

THE REFRESH JIENT ROOII is open during the same hours as the News Room,

a~capt on Wednesdays when lt is closed altogether.

CORRESPONDENCE

LIST OF NEWSPAPERS AND PERIODICALS TAKEN

IN THE READING ROOM.

DAILY PAPERS.—Standard, Daily News, Daily Chronicle, Daily Telegraph,

Pall Mell Gazette, Manchester Guardian, Manchester Esamiaerr Isxzh& Mercury,

Sheffield Independent, The Star, Noitingbam Po'et, Mmchester Evening News&

The Daily Graphic, end Birmingham Daily Poet.

WEEKLY PAPERS.—Lincoln Gaxette, Lineal»shire Chiohrirhe, Boston

Gusxdian. Nottinghamshize Guardian, Horacsstle 'News, Spalding Pres Press,

Newark Advertiser, Isle of Axholme and G~ News, Sleafozd Gazette,

Grentham Journal, Excban e and Mares The~,Stamford Mercury, Cazeelps

Saturdav Jouxnal, Ifewcas e Chronicle, Leeils Mercmy, Public Opinion, Truth

The bfijler, snd Co-operative News.

ILLUSTRATED PAPERS.—Tbe GrsPbic, Engineer, Enghhccrieg& Em!ding

News, Figaro, The Queen, Punch, Judy, Fun, Slue&rated London News LaChes

Pictoxial, and Mrs, Weldon's Journal

hf A6 AZINES. —Leisure Hoar, Csssrit's Family Magazine, Chambers' Journal

Good Words, New Review, Harper's Magazine, Foztnigb!IJRcriew, Tba Ccntmy,

English Slustmted Magazine, Nineteenth Century, and The Reriew of Scriews

BUTCHERING DEPARTMENT.The Commikfz&c are 8$1 pmauiug the, uf xuvf&j

the best ciaaa of klest that cau be huighh aud 'uzc

ajthuugh the pmfila have been pul at the gunstafjjl 80 snhafacbezp.

u P a gubijt point, the &hvidsng ja

JF&zz&e Jgore tried I Ise Lo-&ppnrrzttwa WhoieareLz Nr&ttatff'» Limited

TEAS, COFPEES,("OCOAS Br CHOCOEATEA2 IP

XP' FJOT1 EffXKT MOTT

Our mIvice to you is to go Iu fhn Stares af'once while au are'

g of it, aud pmuhane 8 Pachak or Tm of each. Yuu will nevez

zegref, it. Ynu will Shhd ae uthem have duzhe, that t arAII tastes arc suited I

Page 21: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

LINCOLN CO-OPERATIVE QUARTERLY BFCORD.

DRAPERY ancI MILLINERY DEPARTMENTS.

)~E have the pleasure to announce that our STOCKS in these DEPARTMENTS are now thoroughly sorted with an excellent

variety of.iV9' AI'TRAIN k Vi lXT1;H ('()()L)s,Which for value will compare fsvourably with any Goods ofFered in Lincoln. We earnestly solicit the inspection of our Members when

mairing their Autumn purchases. Owing to the threatened advance in the Markets, we have bought heavily in prospect, and are, there-

fore in a position to sbow a larger assortment than is usual on account of increased Stocks.

GEOTHING GRUB TZGZETS TAKEN.BLACK AND COLOURED DRESS MELTONS, from 6ld per yard.

ROUGH AND READY SERGES, from 6(d per yard.

SUITING SERGES, from I/4', to 2/9.

(A large Stock of NAVY and BLACK DITTO, now so much in demand. )

A VERY CHOICE ASSORTMENT OF FANCY DRESS TWEEDS, FROM 9)o PER YARD.

W'e beg to announce that we have s very competent DRESS snd MANTLE MAKER in charge of a well-quslified.

staff in our recently enlarged Worhrooms; we sre, therefore, in s position to execute orders with promptness. Style snd fit guaranteed

SPECIAL ATTENTION GIVEN TO MOURNING. A trial is respectfully asked.

BLANKETS! BLANKETS!! BLANKETS! I I

We made our purchases early, so that in spite of the advance iu the price of W'ool, we are able to o8er Elsnhets at prices

slightly lower than last year.

WPPL AND UNZPN SHIRTINGS IN NEW DESIGNS.

WE HOLD A VERY LARGE STOCK OF

now so popular.

GOUNT ERPAN ES, 8HH'HTINt3-S. AND SHEETS.

HOSIERY AND GLOVES OF ALL KINDS, INCLUDING NOVELTIES,

We have already received the whole of our A.utumn Stoch of

1--&&LES' BI, jt CK iXD COLOUHEl) C,'t, O'i.'ti 8 ticky I g

he newest »aped sleeves, from 6/1L All of the shove are English Tailor-made, snd judging from the number already

it is sn evidence that, our customers appreciate the Stoch.

ARE SHOWING A LARGE ASSORTMENT OF CHILDREN'S GARMENTS

The celebrated Y 8 N CORSETS (so largely advertised) stocked.

I-&I)KS' 8t CHILDREN''8 FLAT XKLKTYK UitDEHC1 OTHD6, z sPPglAU&&

h t f this Season's Novelties in AUTUMN MILLINERYWe have also s very choice variety o

emhrsees FELT BEAVER snd STRAW HATS; the NKW SHOT snd OTHER RIBBONS; ~ sn endless

assortment of OTHER TRIMMINGS.

MILZ I~ERY pRDERS EXECUTED M CH.

Page 22: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

L&j. UQliN CQ-OPERATIVE QUARTERLY RECON

&&8,XZP~Z~C &EPA.H YMKXY.

It is known to the Committee that very many of the Members are not aware of the large variety of nsefnl ho;.se

hold necessaries kept in this establishment. We, therefore, give below a detailed list of the goods stocked in one of -:;=

two spacions showrooms in the basement:—

HARDWARE, ac.We esn only mention the various goods; it is impossible ho detail qua!ilies, sizes, .and prices. A good assortment iv always held in stc-I

we, therefore, cougdeutly solicit s visit of inspection, for we feel ssiured that if this appeal meets the eyes of the members, sn increased trade ir, .!

Department will result from a call sud s loot round.

A good assortment of Wringing kfachines from 8% each, by the best makers, including the productions of the KEIGHLEY IROEWORKS F'h. '*'»I':I

CO-OPERATIVE SOCIETY are always held in stock.

Specie!ities in Washing IIXschiues; Good Oak Dol!y Tubs from 5/- each; Dolly Peg gies, Wsshboazds, Clothes Baskets, Pegs, aud Horses;

Wsshtubs 4/-, Hsndkubs I/O, Step-ladders, various sizes, OF OUR OWII MAKE.

Paste Pins, Potato kfsshers, Wood Spoons, Coppezsticks, Bread-boards, Paste-boards, snd Knife-boards.

GALVANIZED WARE. .j4;,;-.';-

We hold a large stodi of Galvanized Goods at pzices whish (quality considered) cannot be surpassed. The stock includes, Buckets, Baths, '.~+i,w»: h

Chamber Pails, Boiler Fillers, Coal Pans, Turnip Skeps, Stable Ladles, snd Watering Cans.

GARDEN TOOLS.We have developed s good business in these goods. We hold a variety of useful shapes in Spades snd Sh'ovals, Manure, Potato snd Hay":,,'.l".pa, ;

Forks, Rakes sud Hoes, Hsud Forks and Trowels, Syringes aud Grass Shears; Lawn Hewers stocked.

DAIRY UTENSILS.We csu procure st short notice, Batter Churns; price lists on spplicstiou. Butter-boards, Bowls, %caters, Batters, .Cream Dishes, sud '-r-. , i;='&-';

Milk Syles stocked. ENAMELLED WARE.Recently this wsze has very much increased in public favour. Our stoat comprises: —Preserving Pans, Ssucepsns, Hand Bowls, Toilet . '7:.

Ewers, Chamber Utensils, Colleuders, Drip Tins, Pie Dishes, Soap Dishes, IILi!t Jugs, Fry Pans, Kettles, Tespots, Breatfsst Cans snd Bottles, =.-, '.;:,4Funnels, Children's Mugs, thc. HOUSE HOLD TOOLS.

kfest aud Wood Saws, Hammers, Hatchets, C!esvers, Screw-turnezs, Gimlets, Sradswls, Glue-pots, Pincers, SL Bales.

OIL LAMPS.Our arrangements for the coming season are now comPlete; we have bought a very choice sssorimeut of newest, designs in Table& Hszill»rz;:-i.

aud -Suspending Lamps; also Stable Lanterns and Ws!1-back Lamps. The Patent Central Draaght Lamp gives s most powerful' ht.

Special Purchase: —Oil Cooking Stoves, 9(7k. This is undoubtedly the cheapest line in Ltucohz

CUTLERY.I Cutlery we ~ck hhe product'aus of the SHEFFIELD CO-OPERATIVE CUTLERY MAEUFdCTUBING SOCIETY, -Unity»'.

Bmud. None but the best material sre used in their msuufsctare, sud experience hss pzoved that these goods are'

sud Dessert Knives aud For!is in variou handles, Table Steels, Bread and Butchers' Knives, Pocket Kmves, Children's Tab!e Sets H

a!so su assortment af Razors frais I/-. Cases Straps mill Paste Shavllig-brushes

Osk Grained Trunks and Bonnet Boxes, Bound and Oval Copper Kettles. . '. $!i'

Plain snd Fancy Cacoa Mattings iu sll widths, Plain sud Fancy Bordered Coaas Hats aII sizes

We have s lot of new designs in Umbzells Stands.

FENDERS, Lc.Kitchen snd Bedroom Fenders, Parlour Fenders snd Curbs, with Brass and Steel Bails. Curbs to

'm@

short. uotice to suit the new tiled hearths. Ash-psus sad Dash Preveutors Fire Brasses Fize fraus Fhw Didym a

HOUSEHOLD IRONMONGERY.Fruit sud Butter Scales, Brass snd Iron Weights, Gss Stoves, Oil Coolnng snd Beating Stoves; Cast. Savenb huhgirim

Haugbazs, Trevets, FIst, Convex, and Gss Irons, Sox Irons, Iron-stands, kRucmg or Sausage Mackin F I'

grays, Egg Rasters, Psdlaeks, Bellows, Brush snd Comb Boxes, Spittoous, Bst, House, snd Beetle Traps, Shad Rog

Hao!is, Doer Bolts aud Locks, Brass and Galvanized Angle Brackets, Cornice Pole Braatehs, Drawer Puhij snd Handles' B~Wardrobe Hooks, Picture anil Fancy Hassled Nails, Csstors, Fmger-plates, Tassel Hocks, Scmw Rmgs sud Hooks

Stair Rods, Gss GsReries, Rouud sud Oval Iron Saucepans, Wrought Iron Kettle.

TIN WARE.The greater Part of the goods enumerated below are made in Lincoln, of tha best Slack Tm. Oil Sattfea

Breakfast Tins sud SotQes, Smail Tms, Bread snd Sutter Tins, Dripping Tins, Cake Tins, Pmldssg Thm

Coh!enders, Teapots„milk Sactets, Candlesticks, Funnels, Natmeg Grsters, Flour Dredgezs, pasha Cuhhm„..pe. ' ", . '~ ~ Washup%

Imperial kfiSz smI Sear ~,patent Potato Squeezers, Gravy Straiuers, Egg posehem, . Rotary O ~D~-~pp, ~ Tm .Pfatmb Moulda,

COUScartS, PRINTER, ST, BENErhXQT'S ECkryapfa . LrrrCCILrf

Page 23: BUT SURE. STRENGTH.archive.lincolnshire.coop/1890/1895_-_Directors'_Report_-_part_2.pdf · *Mr. DUNCAN McINNKS, Secretary.. .. 22 ... As the Society's surplus cspittd is increasing,

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