Distributing Co-Operative Societies : An Essay On Social Economy

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THEIR IMPORTANCE. 25 to be approaching- in which distributing societies may successfully contend against these agreements, usually most powerful.
One indirect advantage, which extends to all con- sumers, is the turn given to competition in retail trade : it has been noticed that where co-operative societies are instituted, the habits of retail dealers undergo a change, the petty traders being compelled to abstain, in order to withstand the competition, from the adulteration of articles and frau
...ds in weight and measure habitual to them. The same thing happens in the case of wholesale trade, where the co-operative society does not lessen the competition between producers or wholesale traders by wishing always to purchase on the best terms, but improves it, because by renouncing any further dealings with any one who may have deceived it only once on the nature or weight of a commodity, and by making known to other co-operative societies the dishonest firm, it renders every deception seriously hurtful to the dis- honest ti'ader, and introduces loyalty and honesty into trade.

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