Samuel Smiles：Thrift, Excerpt 225

The weekly subscription was twopence each; and when about fifty-two calls of twopence each had been made, they found that they were able to buy a sack of oatmeal, which they distributed at cost-price amongst the members of the society. The number of members grew, and the subscriptions so increased, that the society was enabled to buy tea, sugar, and other articles, and distribute them amongst the members at cost-price. They superseded the shopkeepers, and became their own tradesmen. They insisted from the first on payments in cash. No credit was given.

Source： https://www.gutenberg.org/ebooks/14418
Locator：Excerpt 225 · Verified：2026-10-19 · Verification：Short excerpt

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