Investing · Entrepreneur memoirs
Samuel Smiles:Thrift, Excerpt 226
Samuel Smiles《Thrift》· Thrift · Investing
The society grew. It established a store for the sale of food, firing, clothes, and other necessaries. In a few years the members set on foot the Co-operative Corn-mill. They increased the capital by the issue of one-pound shares, and began to make and sell clothes and shoes. They also sold drapery. But the principal trade consisted in the purchase and sale of provisions--butchers' meat, groceries, flour, and such-like. Notwithstanding the great distress during the period of the cotton famine, the society continued to prosper. From the first, it set apart a portion of its funds for educational purposes, and established a news-room, and a library, which now contains over six thousand volumes.
Source:
https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 226 · Verified:2026-10-19 · Verification:Short excerpt
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Does this passage change one judgment about money or risk today?
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