Word: co
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Dates: during 1900-1909
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...Harvard Co-operative Society makes all of its purchases on a cash basis--wisely, in order to secure the maximum discount. Practically its only outstanding obligations, therefore, are its leases, and its realizable assets, its stock, are vastly in excess of these liabilities. In proportion to its business it is probably more sound financially than even the Memorial Hall or Randall Hall Dining Associations, excellent institutions as they are. The Directors now propose that this very successfully managed co-operative organization be discontinued, for the new form of organization is co-operative neither in form nor in effect...
...view of the different characters of the plan outlined at the last annual meeting of the Harvard Co-operative Society and of the plan now reported by the Directors it is unfortunate that the Directors did not call a a special meeting of the Society for the sake of a full discussion. A further mistake was made by the majority of the Directors in refusing to publish the minority report. Had the majority of the board restricted their report to the presentation of a plan of reorganization the injustice of their action would not have been so great...
...just been said that the proposed plan is not co-operative in effect,--it is obviously not so in form. It is worth while making this clear. The reorganization plan leaves to the trustees, wholly beyond review of the Society, the incurring of increased expenses, and above all the fixing of salaries. The tendency in this direction of the five initial trustees was shown at the last annual meeting. At this meeting the removal of the tailoring department to new quarters with an increased rental of $600 was announced, a suggestion was made for the removal of the main store...
...credit of the co-operative movements the Society in its present form should be made a continued success. WALLACE C. SABINE...
...majority of the directors of the Co-operative Society on May 24 sent to each member of the Society a copy of the plans they propose for the incorporation of the Society. Together with this plan they sent a plea for its adoption, in the form of a majority report. The majority refused to the minority its right to publish a minority report together with their own. This attempt on the part of the majority to check a full discussion of the proposed changes affords a strong reason why the Society should refuse to adopt their plan...