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Updated: May 24, 2025
They were well enough for their immediate purpose, and no better men would come forward. To entrust them with large powers is the very acme of wild insanity. Admitting their honesty, which is doubtful, they have had no experience in business affairs, and their class is demonstratedly devoid of administrative capacity.
By this same device on purchases, and the automatic accumulation of part of the profit in the capital of each society and in that of the Wholesales, it has demonstratedly added to the personal wealth of the manual working class, and has, alike in Great Britain, and in other countries, afforded both a valuable financial reserve to the wage earners against all emergencies and an instrument for their elevation from the penury to which competition is always depressing them.
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