Word: ops
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Dates: during 1930-1939
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Next Rabbit? Interest in co-operatives was undeniably rising. Wisconsin passed a law last year requiring courses in co operation in colleges, high schools and normal schools. That old Boston cooperator, Edward A. Filene, recently gave $1,000,000 to assist the establishment of co-op department stores. Japan's No. 1 Christian, Cooperator Toyohiko Kagawa, completed a triumphal tour of the U. S. a fortnight ago, preaching the gospel of co-operation to hundreds of thousands of rapt churchmen (TIME, July 6). The Kansas City Star was already warning the country that a co-operative system would...
...operatives are even bigger business in Britain, where about half the families are co-op members, and co-operative stores do about one-eighth of the total British retail business. As a whole the British co-operatives employ about 300,000 people, sell more than $1,000,000,000 worth of goods annually. The English Co-Operative Wholesale Society, corresponding to Sweden's K. F., is the biggest distributing organization in the British Empire. It has a $700,000,000 bank, a $100,000,000 insurance company. It owns its own steamships, coal mines, olive groves, and, with...
...usually costs from $5 to $25 per share, is limited usually to 5% or 6%. The store sells at prevailing prices, strictly for cash. A record of each member's purchases is kept, sometimes in a little book like a bankbook carried by the member. If the co-op is successful, a periodic "dividend" from the "profits" is paid in proportion to patronage. Thus a member might buy $100 worth of goods in a year, get back $10 as a rebate...
Aside from taking profit out of price, the strongest co-op appeal is quality. The quality may be low, though it is usually high, but the buyer knows precisely what he is getting. In most standard lines the product is manufactured to specifications laid down by the cooperators. This is one reason why co-operative buying has be come rooted so firmly among U. S. farm ers, who well know that fancy brand names do not alter the tested formulas for fertilizer or laying mash. One-eighth of all U. S. farm supplies are now sold through coops, the volume...
...Wedding March from "Le Coq d'Or"Rimsky-Korsakov *Overture to "Russian and Ludmilla" Glinka Variations on the Austrian National Anthem (from the String Quartet, Op. 76, No. 3 Haydn "Briar Rose," Waltz Tchaikovsky Orgy of the Spirits from the Oriental Suite, "Noure and Anitra" Hynsky *"Dreams" Wagner Violin Solo: Julius Theodorowicz *March Slave Tchaikovsky Hans Wiener and Dance Group with Orchestra *"La Valse" Ravel *Roumanian Rhapsody Enesco Selections checked (*) are available on records at Briggs & Briggs Music Store, Harvard Square