They are federated in a wholesale
agency which buys for them and manufactures on an extensive scale.
"By the economies thus introduced they are able to save regularly
about 15%, besides paying interest on the capital employed, and
accumulating a liberal surplus. It is simply a question of people
getting together (all civilization is), contributing their own money
and their trade, and thus avoiding all the waste expenses.
"It is a very democratic plan; anybody is welcome to join it; every
member has one vote and no more, they elect their directors, the
directors elect the managers, and the managers employ the clerks.
They sell at the market prices and every three or six months take
account of stock and rebate the profits in proportion to each
member's purchases, with half rate to non-members.
"It appeals to the economical sense of the ordinary housekeeper, and
to the ethical sense of those who want no advantage of their
neighbor. It prevents some from getting unduly rich and it helps to
keep many from being unduly poor.
"The same principle has spread into farmer's work, especially