Word: knowes
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Dates: during 1900-1909
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...many objections to these changes already pointed out in the CRIMSON by Professors Sabine, Hart, and others, there is added the important one that the plan promises all the evils common to delegated management in their most intensified form. When a customer enters the store the employes know that if he is not properly treated he can, if necessary, make the fact known at the annual meeting. Under the proposed plan, however, this incentive, the only existing one, for the employe receives no profit from his sales, will be wanting, and no other is substituted in its place...
This instability has an immediate effect on the convenience of the Society to its members. We all know that the service in the store has not been entirely satisfactory. It is hard to see how it can ever be under the present system; for the Superintendent cannot promise a competent clerk fair wages and a prospect of reasonable increase with any certainty that his action will not be upset by a change in the Directorate. Interference by the Directors in such matters, where the responsibility should be borne by the Superintendent, has been a potent cause in the recent past...
...having received the proposed by laws, I am unable to say how far the trustees propose to safeguard their business,--or rather safeguard our business, since the whole capital is derived form the sacrifices of old members. We do not know for instance whether the statements of their accounts which they intend to publish are to be thorough and detailed: in the past there was a period of several years when those accounts were kept secret, to the great detriment of the Society. Again what opportunities will there be for the examination of complaints? The proposed trustees...
...criticism of their plan is a criticism of themselves and the President of the Society rules that in a matter of such great concern to the future of the Society, any alternative plan is "out of order." Hence the members of the Society have not the opportunity of knowing officially the reasons which actuated one member of the Board of Directors in withholding his assent from the plan. There is really no difference of interest between the directors and the members: we all wish the same thing, the perpetuation and success of the Harvard Co-operative Society...
...have contributed the fund in past years? Is it impossible to arrange for the appointments of trustees for a term of years by some agency which may fairly be considered representative of the owners in equity of the funds of the Co-operative, namely, former members? Until we know more about the whole plan, and until we know why a close corporation is the only possible method, I shall feel constrained to vote against it. ALBERT BUSHNELL...