WHAT CO-OPS ARE DOING
What Co-ops Are Doing Timely Events in the Co-operative Movement By Co-op League News Service WASHINGTON, I). C. — Warning that a well-planned attack is being launched against cooperatives in the...
...turned to the Amalgamated residents ' in this fashion since the development ¦ was opened in 1927...
...Increasing evidence points to a concerted effort to 'smear' cooperatives and the cooperative movement in the United States...
...Amalgamated Co-op House NEW YORK CITY—Tenant-owners I of the Amalgamated Cooperative Apartments, often referred to as "the house without a landlord...
...Schmiedeler said...
...Its first promise is to reduce the burden placed on the consumer by Hberalistic capitalism...
...This amount represents a return to the residents of earnings from their j cooperatively owned apartments which i house (335 families in the Van Cort-landt Park area and their other businesses...
...It is the largest j cooperative housing enterprise in the ; country, containing 635 apartments ; and having a gross income from all ; its cooperative businesses of nearly I a half million dollars a year...
...I "It is hardly necessary to say that ! the campaigners use no genuine argu-: ments...
...will pay themselves $27,933 in rebates during the next six weeks...
...More than $100,000 has been re...
...The coasumer cooperative, for instance, is simply a reaction against the unjustifiable pyramiding of profits through such utterly vicious devices as monopolistic control...
...Fifty-nine cents of the consumer's dollar now goes for distribution only 41 cents goes to the producer...
...Many thousands of these little banks have been established in Catholic parishes in Europe over the past century to the great benefit of the poorer classes of people...
...All fair and well-meaning persons may well be warned against this campaign...
...Cooperatives constitute a Christian economic system," Dr...
...C. — Warning that a well-planned attack is being launched against cooperatives in the United States, with a view to destroying them or reducing their constructive services to a minimum, is issued in a statement made public by the Rev...
...There are two national Catholic centers in the United States promoting parish credit unions...
...It is not too much to say that a campaign of deliberate misrepresentation is under way...
...Following the established cop-erative principle, each cooperator will share in the earnings of these enterprises in proportion to the amount of ; his purchases...
...Co-op Apartments to Cut Melon By Abe Perlstein, Education Director...
...They intimate, or even bluntly state, that the cooperative system is 'communistic' 'un-American,' 'insidious.' 'red,' 'illegitimate competition,' 'a road to ruin.' According to them the only 'legitimate' and 'American' system of business is the individualistic, hberalistic capitalism that has brought us to our present sorry pass...
...In fact there are at least two such cen« i ters for the promotion of all types of | cooperatives...
...Besides the houses, the co-op members own their own grocery store, electric generating plant, milk and laundry distribution and bus...
...Schmiedeler declared...
...That this burden has been unduly hea\-y hardly calls for much argument...
...As already stated, their campaign is one of misrepresentation...
...Edgar Schmiedeler, O. S. B„ director of the rural life bureau, department of social action, National Catholic Welfare Conference last week...
...Some have even had the effrontery to attack the little cooperative banks known as credit unions, established to provide small loans at low interest to the vast number of our people who cannot borrow at the ordinary commercial banks...
Vol. 10 • June 1940 • No. 23
