Consumers' Cooperative Societies in New York State

The Consumers' League of New York

9781465502971

412 pages

Library of Alexandria

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Overview

The principles established by the Rochdale Pioneers in England in 1844 and observed consistently by successful societies since that time are as follows: 1. Earnings of capital stock limited to legal or current rate of interest. 2. Surplus earnings to be returned to members in proportion to patronage. 3. One vote for each member regardless of amount of stock owned. No proxy voting permitted