Samuel Smiles：Thrift, Excerpt 230

The example has also spread into Scotland and the south of England. At Northampton, a co-operative society exists for the purpose of buying and selling leather, and also for the manufacture of boots and shoes. At Padiham and other places in Lancashire, co-operative cotton-mills have been established. The Manchester and Salford Equitable Co-operative Society "combine the securities and facilities of a bank with the profits of a trade." But the business by which they mostly thrive, is by the purchase and sale of food, provisions, groceries, draperies, and other articles, with the exception of intoxicating liquors.

Source： https://www.gutenberg.org/ebooks/14418
Locator：Excerpt 230 · Verified：2026-10-19 · Verification：Short excerpt

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