History of Cooperation in the United States volume 6

Cover History of Cooperation in the United States volume 6
History of Cooperation in the United States volume 6
S T Sarah Treverbian Prideaux
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Three are at present carrying on other lines of business, retaining their interest in the shop and their right to resume work, but foregoing all profits, of course, while not earning the wages upon the basis of which profits are divided.
A membership interest can be transferred only to the company. The shop usually employs journeymen in vary- ing numbers, according to the demand of the mill it sup- plies. Sometimes none are needed, and sometimes fifteen or twenty are given work. The average is
...about half a dozen.
The organization of the shop is simple but effective. The presidency is merely a nominal office, the foreman being the general manager and business representative of the shop, subject to a board of directors.
The secretary keeps a set of books and issues all orders for money, which are countersigned by the foreman. The latter also keeps accounts which are a check upon those of the secretary. These two officers are required to furnish each month a statement of the month's work, of profits or loss, and of the condition of the business.


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